Face Mask Market to grow by USD 4.24 billion from 2022 to 2027, The growing health awareness drives the market - Technavio

NEW YORK, Sept. 6, 2023 /PRNewswire/ -- The face mask market size is expected to grow by USD 4.24 billion from 2022 to 2027, according to Technavio. In addition, the growth momentum of the market will be progressing at a CAGR of 6.46% during the forecast period. Growing health awareness is notably driving the face mask market. However, factors such as the presence of counterfeit products may impede market growth. The market is segmented by distribution channel (offline and online), type (surgical mask, N95 respirators, and dust mask) and geography (APAC, North America, Europe, Middle East and Africa, and South America). Technavio provides a comprehensive report summary describing the market size and forecast along with research methodology. The FREE sample report is available in PDF format 

The growing health awareness is notably driving the market growth. The market is experiencing growth due to heightened awareness concerning airborne infections, pollution, and general health concerns. Urbanization and increased industrial activities have led to a greater risk of airborne diseases. Furthermore, the adoption of face masks has risen significantly to mitigate the spread of COVID-19. The increasing emphasis on personal hygiene and health practices has driven the use of face masks as a preventive measure. As a result, these factors are fostering a positive impact on market growth, thereby driving the expansion of the global face mask market during the forecast period.

Key Segment Analysis

• The offline segment is estimated to witness significant growth during the forecast period. Offline channels play a pivotal role in the distribution of face masks, encompassing various outlets such as specialty stores, hypermarkets, supermarkets, convenience stores, warehouse clubs, drugstores, salons, spas, department stores, and medical-care institutes. The growth of the face mask market has been significantly influenced by factors such as the expansion of businesses and the increasing number of hypermarkets, supermarkets, convenience stores, and warehouse clubs operated by major retailers. Consumers are drawn to these stores due to the attractive discounts offered. Prominent retail chains like Walmart Stores, Target, Tesco, and Sam's West are among those providing face masks to customers. These factors are poised to stimulate the expansion of this distribution segment, consequently propelling the overall market growth during the forecast period. To know additional highlights and key points on various market segments and their impact in coming years, View FREE PDF Sample Report.

Geographical Market Analysis 

APAC is estimated to contribute 47% to the growth of the global market during the forecast period. 

Company Insights 
The face mask market is fragmented, and the companies are deploying organic and inorganic growth strategies to compete in the market. The report analyzes the market's competitive landscape and offers information on several market companies, including: 3M Co., Alpha Pro Tech Ltd., Ansell Ltd., Bellcross Industries Pvt. Ltd., Cambridge Mask Co., Cardinal Health Inc., E Spin NanoTech Pvt. Ltd., Honeywell International Inc., Kimberly Clark Corp., Makrite, Medisca Inc., Medline Industries LP, Moldex Metric Inc., Owens and Minor Inc., Prestige Ameritech, Respro UK Ltd., STERIS plc, The Gerson Co., UVEX WINTER HOLDING GmbH and Co. KG, and VENUS Safety and Health Pvt. Ltd.

Challenge - The presence of counterfeit products is one of the key challenges impeding the face mask market growth. View FREE PDF Sample Report to find additional highlights on the growth strategies adopted by companies and their product offerings.

Related Reports:

The sheet face mask market share is expected to increase to USD 117.23 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 7.29%. 

The face masks and peels market share is expected to increase by USD 5.46 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.07%.

ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Type

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio