Press release
Disposable Face Mask Market to Reach Valuation of ~US$ 3 Bn And expand at a CAGR of 8.5% by 2030 : Transparency Market Research
Transparency Market Research delivers key insights on the global disposable face mask market. In terms of revenue, the global disposable face mask market is estimated to expand at a CAGR of 8.5% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the global disposable face mask market report.In the report, TMR predicts that the global disposable face mask market would be largely driven by factors such as increase in healthcare services and rising health concerns. Rise in demand for N95 grade disposable face masks due to the current outbreak of COVID-19, use of personal protection equipment, and penetration in developing nations are set to drive the global disposable face mask market during the forecast period.
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Analysts’ Viewpoint -
The 3 layer and N95 face masks are being highly publicized to protect from coronavirus. However, lack of clinical evidence on whether the masks are effective in filtering COVID-19 particles is still unclear. Hence, companies in the disposable face mask market should manufacture 3D printed mask shields to limit the exposure of N95 masks toward contaminants.
Soft melt blown fabric layers in face masks are being highly preferred by users. Likewise, high elastic flat ear straps are eliminating the issue of strain on ears to hold the mask in place. Since disposable masks are contributing toward the increased environmental footprint, manufacturers are adapting to the trend of biodegradable and reusable cotton masks.
According to the disposable face mask market report, the product segment includes N95, N99, N100, P95, and others; the raw material segment comprises cotton, polypropylene, paper, and others; the securing method segment includes hook & loop, and knit; the layer segment includes 1 layer, 2 layer, 3 layer, 4 layer, and above 4 layer; the end use segment comprises personal and Industry (chemical, oil & gas, defence, pharma & food processing, medical & healthcare, and others); and based on distribution channel, the market is divided into online and offline (mega & retail stores, pharma & drug stores, and others). In terms of product, N95 disposable face masks account for major share. Increase in spread of coronavirus in various countries contributes majorly to the expansion of this segment. The segment is projected to expand at a significant rate in the near future.
N95 disposable and surgical masks are popular among consumers and are used to protect the wearer from airborne particles and from liquid contaminating the face. Growing prevalence of COVID-19 at the global level is driving product sales in 2020. Cotton disposable face masks are popular among consumers due to the comfort factor. Companies are working on environment friendly disposable masks, which are 100% biodegradable.
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In terms of end use, the personal segment accounted for 60.8% of the market share in 2019. Usage of disposable masks for industrial purposes is much lower than personal usage. In the industrial sector, companies prefer to use non-disposable P or R series face masks to protect the face from oil and other particles.
Disposable face masks eliminate the need for sterilization and helps in controlling cross contamination with other products. These masks are also cost effective which makes them an attractive option, thus driving demand. All these factors are expected to drive the demand for disposable face masks during the forecast period.
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Disposable Face Mask Market: Prominent Regions
Asia Pacific holds major share of the global disposable face mask market followed by North America. Key players largely depend on geographical expansion, promotions, and technological advancements to cater to customer demand and gain a competitive edge in the global disposable face mask market.
Asia Pacific accounted for approximately 36% share of the global disposable face mask market in 2019, followed by North America and Europe. It is anticipated to maintain its dominance in the market during the forecast period due to due to growth and developments in the home care segment, smart hospitals, and medical tourism.
Disposable Face Mask Market: Key Players
Key players operating in the global disposable face mask market include Honeywell International Inc., 3M, Kimberly-Clark Corporation, Reckitt Benckiser Group Plc., Moldex-Metric, Inc., RESPILON Ltd., RZ Mask, Respro (UK) Ltd, Pranaair, and idMASK Co., Ltd.
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Transparency Market Research is a global market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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