Face Mask Market worth $3.0 billion by 2027 – At a CAGR of 309.8%

As per the recently published report by MarketsandMarkets™, the Face Mask Market by Nature (Disposable, Reusable), Material Type, Type (Surgical, Respirator), End-Use, Distribution Channel (Pharmacy & Drug Stores, Supermarket & Hypermarket, Specialty Stores, E-commerce) and Region – Global Forecast to 2027, size  is projected to grow from USD 0.8 billion in 2018 to USD 52.7 billion in 2021 and then reduce to USD 3.0 billion by 2027. The CAGRs for these periods are 309.8% between 2018 to 2021 and an overall CAGR of -34.5% from 2022 to 2027. The major reason for the growth of the face mask market between 2018 to 2021 is the outbreak of the COVID-19 pandemic. Other factors driving the growth of the face mask market between include the rise in consumer awareness pertaining to the importance of face masks as a preventive measure during the COVID-19 pandemic, and the surge in social media marketing to encourage a positive attitude towards wearing masks.

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  • 221 Market data Tables
  • 57 Figures
  • 259 Pages and in-depth TOC on “Face Mask Market – Global Forecast to 2027″

This report also provides a comprehensive analysis of the companies listed below:

The major players in face mask market include 3M Company (US), Honeywell International Inc. (US), Kimberly-Clark Corporation (US), Cardinal Health, Inc. (US), Owens & Minor, Inc. (US), Alpha Pro Tech, Ltd. (Canada), Ambu A/S (Denmark), Cantel Medical Corp. (US), Shanghai Dasheng Health Products Manufacture Co., Ltd (China), Medline Industries, Inc. (US), Mölnlycke Health Care AB (Sweden), Foss Performance Materials, LLC (US), Prestige Ameritech (US), Makrite (Taiwan), CNTUS-SUNGJIN Co., Ltd. (South Korea), and Irema Ireland (Ireland) and others.

Merger & acquisitions, investments & expansions, partnerships & collaborations, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the face mask market.

Recent Developments in Face Mask Market

  1. In April 2021, Cardinal Health Inc. increased the production of gowns, surgical and procedural masks for the North America region by expanding their production line. As a result, the company will now be able to produce additional surgical and procedural masks by 150 million units. The company has also increased its safety needle production capacity by 15 million units.
  2. In February 2020, Alpha Pro Tech Ltd. announced an increase in production of their N-95 respirator masks in response to immense market demand. The company as a result has expanded its production facilities at Salt Lake City, Utah and will now be able to make additional N-95 respirator masks.

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3M Company is the leading player in the global face mask market, in terms of production capacity and the geographical presence. In May 2020, 3M Company announced the expansion of its facility located in Aberdeen, South Dakota (US). The expansion includes the addition of 120,000 sq. ft. in order to enhance the N95 production capacity of the facility. The purpose of the expansion is to fulfill the two contracts that the company acquired from the US Department of Defense (DoD).

In May 2020, Honeywell International Inc. announced the establishment of a new production line for manufacturing FFP2 and FFP3 disposable face masks at its Newhouse site in Scotland, UK. This line is expected to have a production capacity of around 4.5 million FFP2 and FFP3 disposable face masks per month. The purpose of this expansion is to help the UK Governments response to the COVID-19 outbreak. Furthermore, under this expansion, the company will offer 70 million SuperOne face masks over the next 18 months. The masks will be distributed by the Department of Health and Social Care to the UKs National Health Service (NHS) and social care settings in order to protect frontline workers.

In November 2020, Owens & Minor, Inc. increased the production and invested in its capacity to provide frontline workers with procedure masks and N95 respirators. There has been over a 1000% increase in N95 production at three Americas locations, including additional manufacturing assets in Del Rio, Texas and Lexington, N.C.

Middle East & Africa is projected to be the fastest-growing market for face mask during the forecast period. The growing demand for face mask is primarily driven by the economies in UAE and Saudi Arabia. The growth in this segment is due to rising geriatric population, increasing prevalence of chronic diseases, rising medical tourism, an increase in discretionary incomes and increased demand for advanced medical facilities.

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