Disposable Face Mask Market to Hit $23.81 Billion by 2027

The global disposable face mask market size is anticipated to reach USD 23.81 billion by 2027, expanding at a CAGR of 53% over the forecast period, according to a new report by Grand View Research, Inc.

This high growth rate during the forecast period is attributable to the number of Covid19 cases across the globe as well as the latest mandates by several governments regarding the use of disposable face masks at all times in public places.

Furthermore, the report by grandviewresearch.com estimated the face mask market to be valued at $74.90bn globally in the first quarter of 2020. The report has estimated the face masks business to boom at the rate of 53 per cent from 2020 due to the boom of COVID-19.

The report said, “The global disposable face mask market size exceeded a value of $74.90bn in Q1 of 2020 and is expected to grow at a compound annual growth rate, CAGR of 53 per cent from 2020 to 2027.

“The unprecedented spread of coronavirus worldwide, most notably in Europe and North America, is driving the demand for disposable face masks.”

It added, “Disposable face covers are extensively used in the healthcare sector. The proliferating OPD sessions and surgeries daily across the globe are anticipated to drive product demand within the healthcare sector.

“The function of disposable face masks is to reduce or eliminate the chances of being affected by potential environmental contaminants.  Disposable face covers are typically made from non-woven fabric and are usually available in a multi-layer (two- or three-layer) form.”

The report noted the rising prevalence of counterfeit products both in physical stores and on online platforms has proven to be a challenge.

“However, it explained that the popularity of online sales has created a healthy demand for masks. In terms of distribution, the offline segment was adjudged to be the largest in 2019, with a market share of 80.7 per cent.

It also added that Asia Pacific emerged as the largest market for disposable face masks in 2019, accounting for a market share of 33.7 per cent in the same year.

Major distributors were Honeywell, 3M, Moldex, Kimberly Clark, Uvex, KOWA and SAS Safety Corporation.

Rise in cases of hospital acquired infections (HAIs), growing elderly population, and development of healthcare facilities in emerging economies are fueling market growth.

Different manufacturers use different types of material for manufacturing disposable face masks. 3M Company, for instance, offers a wide variety of NIOSH-approved filtering disposable face covers designed for numerous tasks, where chances of suffering from infection are high.

The protective masks segment emerged as the largest product segment and accounted for more than 35.0% share of the global revenue. Protective masks are used to eliminate or reduce the risk of coming in contact with contagious pathogens, disease carrying germs, and airborne infections.

These products are also used as a protectant while performing surgery in order to protect surgeons from viruses and germs. Furthermore, these products are used by workers in the paints, varnishes, and other chemical manufacturing companies to ward off harmful chemicals.

Asia Pacific is expected to remain as one of the most prominent regional markets in the foreseeable future owing to growing industrial sector in emerging economies, including China and India.

Furthermore, supportive government initiatives to protect the health of the working and non-working classes in the above-mentioned countries are driving product demand in the near future.

The industry is highly competitive in terms of product variation and pricing.

Key players are focusing on developing disposable face covers with better ventilation, filtration, water-proofing, and other benefits to increase user-friendliness and protection.

Rising consumer demand for innovative, high filtration efficiency, and application-specific masks is expected to open new opportunities for the key players over the next few years. Introduction of special respiratory disposable face covers is a key trend in the market, which has enabled key market participants to customize the product accordingly to customer requirements.

The market is expected to progress at a CAGR of 53.0% from 2020 to 2027 to reach USD 23.81 billion by 2027

In terms of product, the U.S. non-woven masks segment is expected to grab more than 45.3% share of the overall revenue by 2027

The industrial application segment is expected to progress at a considerable rate over the forecast period owing to the presence of stringent regulations pertaining to worker’s safety on shop floors. Product innovation emerged as the key strategy deployed by majority of market players to stay abreast of the competition, the report stated.