As per Fact.MR, a provider of market research and competitive intelligence, the global market in protective face masks is USD 10.79 Billion in 2022. The market is anticipated to grow with a CAGR of 9.1% in the forecast period. The market is estimated to surpass a value of USD 25.78 Billion by end of 2032.
The rising awareness regarding the health and safety of employees working in the manufacturing industry has increased and many protective measures are being adopted. Rising concerns regarding proper protective equipment such as protective face masks for workers in several industries such as chemical, pharmaceutical, mining, agriculture, and construction, are expected to create growth opportunities for the market.
The high cost of face masks, as well as the lack of awareness regarding the usage of face masks in undeveloped economies, are factors expected to hamper the growth of the market. These masks are majorly demanded in chemical and mining industries owing to the high need for protection.
These masks are beneficial in protecting wearers’ faces and avoiding contaminated minerals and biological items which otherwise may enter the body. The recent pandemic of Covid-19 has generated significant awareness about these masks and expected to remain in demand for the forecast period.
North America & Europe are expected to be the leading regional markets for face masks during the forecast period. Emerging economies such as India and China in the Asia Pacific are expected to witness significant growth due to the increasing usage of protective face masks in the chemical & healthcare industries. Brazil is likely to be a possible large market for face masks in upcoming years owing to high disposable income in this region.
Asia Pacific market is expected to grow rapidly as the adoption of these masks has increased owing to rising pollution. The countries like India and China are major marketplaces for these masks. Asia Pacific is one of the dominant regions for hospitals as these regions are highly populated and owe major demand for hospital supply and lucrative opportunities for manufacturers.
The industry has intensified competition as there are many competitors in the market. These companies are consistently investing in product research and technological upgradation in order to speed up production and save labor costs. Innovation, collaboration, and expansion are key tactics used by these firms to maintain a market edge over other firms.
Manufacturers have focused on technological innovation and trying to meet local and international standards in mask formation. The major players in this market benefitted from the development of automotive parts owing to cost-effectiveness. These firms are enhancing precision levels with the adoption of needed technology and it is expected to increase the commercialization of these tools in the forecast period.