Highlights of the report
The COVID-19 outbreak has had a favorable impact on the global protective mask market. According to the report, the protective face mask market raised $ 1,073.1 million in 2019 and is expected to earn $ 2,467.5 million by 2027, and expose a 10.8% TCAC over the forecast period of 2020 to 2027. The estimated market size in 2020 was $ 1,176.5 million before the coronavirus outbreak. But, due to the coronavirus chaos, the market size has grown to $ 1,205.6 million due to the rapid increase in COVID-19 cases across the world.
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Factors Affecting Market Growth During COVID-19 Pandemic
The growing demand for protective masks among people to protect themselves from the coronavirus, which is believed to slow the process of transmission of the virus, is the main driver for the growth of the protective masks market during the pandemic period, according to Research Dive analysts. Moreover, the majority of the companies operating in the global market have increased the production of masks in order to meet the growing demand, which is expected to create substantial growth opportunities during the pandemic and in the near future. For example, in August 2020, Arizona PPE Company began production of face masks at the Mesa plant.
Future scope of the market
The protective masks market is expected to continue to experience significant growth even after the pandemic during the forecast period, mainly due to the increasing use of masks for personal safety, as masks help prevent bacteria and the effects of pollution. In addition, the growing dependence of the population on protective masks and the increase in the use of online platforms for purchasing products are other factors that are expected to support the growth of the market for by 2027. This is mainly because users prefer e-commerce and online platforms as they get. several products under one roof.
Furthermore, an increase in the number of companies that increasingly focus on the development of protective masks is expected to generate substantial growth opportunities for the global market in the near future. For example, the Laboratories for Materials Science and Technology (Empa) and the Federal Polytechnic School of Lausanne (EPFL) have developed a transparent face mask that allows other people to see behind PPE masks.
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Important market players
The major players operating in the global face shield industry include –
- Reckitt Benckiser plcR Group
- Moldex-Metric, Inc.
- Polison Company
- JSP Ltd.
- Intech Private Security Limited
- Alpha Solway Ltd.
- Ansell Limited
- Delta Plus Group
- Mine Safety Appliance Company (MSA)
These players are implementing various strategies such as strategic partnerships, technological advancements, product launches and others to gain competitive advantage in the global industry. Educate yourself and get quick access to the summary report of the best business development strategies
For example, in March 2020, Honeywell expanded its manufacturing capabilities in Phoenix for the production of N95 face masks in support of the United States government in response to the COVID-19 pandemic. Company’s Phoenix expansion will allow production of more than 20 million N95 protective masks per month to fight COVID-19 in the United States