Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
Masks are useful in prevention of harmful substances in the air from entering the human body and helps in keeping healthy respiration. Masks are used across various industries such as medical, oil and gas, chemical, construction, and mining. With the rapidly increasing air pollution, people have started using masks in daily life.
The global disposable and reusable masks market is projected to reach around US$ 1,820.9 million by the end of 2027, in terms of revenue, exhibiting a CAGR of 6.2% during the forecast period (2020-2027).
The global pandemic COVID-19 has led to a sudden increase in demand for reusable and disposable masks. The demand for masks in the global market is also increasing as a result of increasing urbanization, mining industries, smoking chimneys, and other factors causing air pollution and diseases.
The North America market is experiencing significant growth in the disposable and reusable masks market, owing to increasing prevalence of chronic conditions, which has further resulted in an increase in number of surgical procedures in the region. The U.S. is experiencing a rise in the prevalence of chronic conditions such as breast and uterine cancers, which is resulting in an increase in the number of surgical procedures.
Among region, North America held dominant position in the global disposable and reusable masks market in 2018, accounting for 38% share in terms of value, followed by Asia Pacific.
Figure 1. Global Disposable and Reusable Masks Market, Revenue Share (%), By Region, 2018
The growth of the disposable and reusable masks market is expected to be hampered by the decrease in demand for these masks from various industrial end users. This is due to increasing automation of hazardous processes, causing a decrease in the number of workers directly engaged in the production process.
In a study by the World Health Organization (WHO), globally, around seven million people lost their lives annually due to breathing of contaminated air comprising high levels of pollutants causing respiratory disorders. The respiratory diseases amongst the public is also increasing tremendously, which can be controlled by using respiratory protective masks. Therefore, increasing respiratory diseases is providing opportunities for the reusable and disposable masks market over the forecast period.
Figure 2. Global Disposable and Reusable Masks Market – Opportunity Analysis
One of the largest global producers of mask is China, with a daily production of around 20 million mask per day. However, outbreak of COVID-19 in China has led to a boom in the domestic demand for masks and therefore, disrupted the supply of masks, globally. Furthermore, countries such as Germany, South Korea, Taiwan, and Thailand have banned the export of masks, for fulfilling the local demand amid the outbreak of pandemic.
Figure 3. Global Disposable and Reusable Masks Market, Revenue Share (%), By Application, in 2019
Among application, in 2019, the daily use segment accounted for the largest market share of 42.8% in terms of value, followed by industrial use and medical use.
Key players operating in the global disposable and reusable masks market include DACH Medical Group Holding AG, Honeywell International Inc., Kimberly-clark Corporation, KOWA Company Ltd., Moldex-Metric, SAS Safety Corp, Shanghai Dasheng, Sinotextiles Corporation Limited, Te Yin Company, The 3M Company, The Gerson Company, and Uvex Group.