The global Disposable Face Mask Market is estimated to be valued at US$ 44.72 Bn or Mn in 2022 and is expected to exhibit a CAGR of 10.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Disposable face masks are protective gear worn on face to curb the spread of airborne diseases. These are single use masks made from materials like paper, synthetic non-woven fabric and others. Disposable face masks offer benefits like protecting the wearer from dust, allergens and other pollutants. They help prevent spread of infections in crowded areas like hospitals, public transport etc. The growing Covid 19 pandemic has fueled massive demand for disposable face masks globally as a precautionary measure.
Market key trends:
One of the key trends boosting the disposable face mask market is increased adoption among general public post Covid 19 pandemic. As public awareness about health and hygiene rose globally, wearing masks in public places has now become a new normal. People are continuing the practice even in non pandemic situation to protect themselves from air borne diseases. Also, frequent changing of masks is recommended for improved safety which is driving more consumption. Rising pollution levels worldwide is another factor raising the need for masks. Higher disposable income allows people to spend more on protection gear like masks.
Porter’s Analysis
Threat of new entrants: The threat of new entrants is low as the disposable face mask market is consolidating. Significant capital investment is required to manufacture face masks and there are stringent regulations regarding product quality and safety.
Bargaining power of buyers: The bargaining power of buyers is high. There are numerous established players providing similar products at competitive prices globally. Buyers can easily switch between brands.
Bargaining power of suppliers: The bargaining power of suppliers is moderate. Key raw materials include non-woven fabrics and elastic materials which have few substitutes and suppliers have some control over pricing.
The threat of new substitutes: The threat of new substitutes is low as there are no cost-effective substitutes that can provide similar protection, comfort and convenience.
Competitive rivalry: The competitive rivalry in the industry is high. Major players compete on pricing, product innovation, and expansion into new regions.
Key Takeaways
The global disposable face mask market is expected to witness high growth, exhibiting CAGR of 10.2% over the forecast period 2023 to 2030, due to increasing awareness regarding hygiene and the prevention of diseases. The market was valued at US$ 44.72 Bn in 2022.
The Asia Pacific region is expected to dominate the market during the forecast period. Abundant raw material availability and low labor costs have encouraged market penetration in the region. China, Japan and India are the fastest growing markets in the region.
North America is another major market for disposable face masks driven by growing health and hygiene concerns. Stringent regulations regarding workplace safety have also stimulated market growth.
Key players operating in the disposable face mask market are Kimberly-Clark, 3M Company, uvex group, The Gerson Company, Kowa Company Ltd., Moldex-Metric Inc., Bunzl PLC (SAS Safety Corp.), and Honeywell International Inc., among others. Major players compete on pricing, product innovation, and expansion into new regions.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
