July 22, 2022 02:59 ET | Source: Fortune Business Insights Fortune Business Insights
Pune, India, July 22, 2022 (GLOBE NEWSWIRE) -- The global protective face mask market size stood at USD 23.70 billion in 2021. The market will grow from USD 10.76 billion in 2022 to USD 19.85 billion by 2029 at 9.1% CAGR during the forecast period. Fortune Business Insights™ has deep-dived these inputs in its latest research report titled, “Protective Face Mask Market, 2022-2029.”
According to the analysis, Personal Protective Equipment (PPE) has become highly sought-after following the rising COVID-19 infection and hospitalization. The healthcare sector has exhibited stellar demand for protective masks. The burgeoning geriatric population has further encouraged leading companies to expand their penetration.
Get a Sample PDF Brochure:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/protective-face-mask-market-103292
Major Players Profiled in the Report:
Widening Demand-Supply Gap Challenged Stakeholders
With construction and mining sectors witnessing major disruptions, the demand for PPE dipped globally. Postponement of manufacturing plants or temporary shutdown of operations did not augur well for the business outlook. Moreover, the ban on exports of respirators sent shockwaves globally. According to the World Trade Organization (WTO), around 80 countries banned the export of respirators during the pandemic as a temporary measure to overcome severe shortages. Meanwhile, exponential demand in the healthcare sector across emerging and advanced economies encouraged production.
Browse Detailed Summary of Research Report with TOC:
https://www.fortunebusinessinsights.com/protective-face-mask-market-103292
Medical Face Masks to Gain Ground to Prevent Microorganism Cross-Contamination
Based on product, the market is segmented into respirator, medical face mask, and others. The medical face mask segment is sub-segmented into N-95 respirators, surgical & procedure, and others. The medical face mask segment will grow with an increased need to prevent microorganism cross-contamination.
Disposable Face Masks to Remain Dominant due to Surge in Hospital-acquired Infection
In terms of usage, the market is segregated into reusable and disposable. Stakeholders expect the disposable face masks to account for a significant share of the global market in the wake of surging cases of hospital-acquired infections.
Healthcare to Exhibit Stellar Demand with Rising COVID-19 Infection
With respect to the end-use industry, the market is classified into oil & gas, healthcare, construction, mining, manufacturing, and others. The healthcare segment will witness considerable growth on the back of the pervasive COVID-19 pandemic and an increased need to maintain workplace health.
Inquire Before Buying This Research Report:
https://www.fortunebusinessinsights.com/enquiry/queries/protective-face-mask-market-103292
The report offers a comprehensive perspective of the market size, share, revenue, and volume. Quantitative and qualitative assessments have provided a holistic view of the market. The primary interviews validate assumptions, findings, and the prevailing business scenarios. The report also includes secondary resources such as annual reports, press releases, white papers, and journals.
Bullish Demand for N-95 Respirators Fueled Innovations
The protective face mask market growth will be pronounced due to strong demand for N-95 respirators across developed and developing economies. Healthcare respirators have become sought-after to contain the spread of COVID-19. An N95 respirator can apparently flush out 95% of very small particles, encouraging end-users to seek the product. General and medical professionals will continue to seek surgical N95 for COVID-19 infection protection. Manufacturers will continue to emphasize the production of protective face mask across healthcare facilities.
However, fluctuation in the prices of protective face masks could challenge leading companies gearing to boost their portfolios.
North America to Witness Investment Galore with Rising Personal Hygiene Awareness
Industry participants expect North America to account for a considerable share of the global market, largely due to the soaring number of COVID-19 cases and expanding customer base. North America market size was valued at USD 9.24 billion in 2021 and will witness a similar trend owing to heightened awareness of personal hygiene. Prominently, the healthcare and mining sectors could be the major recipients of PPE across the U.S. and Canada.
The Asia Pacific protective face mask market share will be pronounced due to rising demand from oil & gas, healthcare, and mining sectors. With the Asia Pacific gaining prominence as one of the leading suppliers of face masks, stakeholders could further their penetration across China, India, and Australia. Industry players expect N-95 respirators to gain ground to boost hygiene.
The Europe market forecast will be strong on the back of robust government policies to encourage personal hygiene. For instance, the U.K., Germany, France, Italy, and other European countries had made it mandatory to wear face masks in public transport following the onslaught of the COVID-19 pandemic. Prevailing trends suggest leading companies will inject funds into the landscape to boost their footprint.
Leading Players Invest in Collaboration to Bolster Footprint
Prominent players could inject funds into mergers & acquisitions, product rollouts, technological advancements, and R&D activities. Besides, major companies could invest in innovations and product offerings in the ensuing period.
https://www.fortunebusinessinsights.com/enquiry/check-discount/protective-face-mask-market-103292
https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/protective-face-mask-market-103292
Disposable Respirator Market Size, Share & Regional Forecast, 2021-2028
Personal Protective Equipment (PPE) Market Size, Share & Regional Forecast, 2022-2029
Europe Protective Face Mask Market Size, Share & Country Forecast, 2020-2027
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
Fortune Business Insights Pvt. Ltd.9th Floor, Icon Tower, Baner –