by Disposable face masks have become an integral part of the daily lives of people across the world as a result of the COVID-19 pandemic. Disposable face masks serve as an effective barrier against infectious respiratory droplets and particles released by sneezing, coughing, or talking. They come in various designs and sizes with elastic ear loops or ties to secure over the nose and mouth. Disposable face masks help prevent the spread of diseases by trapping more than 95% of expelled droplets and particles inside the material.
The global Disposable Face Mask Market is estimated to be valued at US$2.36 Bn in 2023 and is expected to exhibit a CAGR of 2.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The growth of the disposable face mask market is primarily driven by rising awareness on personal hygiene and infection control. Preventing the spread of infectious respiratory diseases such as influenza, COVID-19, and common cold has become a public health priority. This has highlighted the importance of proper respiratory hygiene through effective barriers like disposable face masks. Manufacturers are introducing innovative designs, materials, and functionalities to improve wearability and filtration efficiency. The rising prevalence of airborne diseases is also propelling the uptake of disposable face masks globally.
Porter’s Analysis
Threat of new entrants: The threat of new entrants in the disposable face mask market is moderate. Establishing manufacturing facilities requires significant capital investment and the market is dominated by major players.
Bargaining power of buyers: The bargaining power of buyers in the disposable face mask market is high due to the availability of substitute products. Buyers can switch to reusable cloth masks easily.
Bargaining power of suppliers: The bargaining power of suppliers is moderate as the raw materials used for making disposable face masks such as non-woven fabric and meltblown fabric are commoditized.
Threat of new substitutes: The threat of new substitutes is moderate as reusable cloth masks are increasingly substituting disposable face masks. However, disposable masks offer convenience.
Competitive rivalry: The competitive rivalry in the disposable face mask market is high due to the presence of major players competing on pricing and product differentiation.
Key Takeaways
The Global Disposable Face Mask Market Growth is expected to witness high over the forecast period. The global Disposable Face Mask Market is estimated to be valued at US$2.36 Bn in 2023 and is expected to exhibit a CAGR of 2.5% over the forecast period 2023 to 2030.
Asia Pacific dominates the market currently due to rising awareness and growing concerns regarding hygiene. China accounts for more than 50% of the total region’s market share owing to large population and high production of face masks in the country.
Key players operating in the disposable face mask market are 3M, Honeywell, Kimberly-Clark, Kowa Company, and Shanghai Dasheng Health Products Manufacturing. 3M is a leading disposable face mask manufacturer with over 50 years of experience. It offers various filtering facepiece respirators and surgical masks. Honeywell manufactures N95 particulate respirator masks under the brand name N95 that offer protection against 95% of airborne particles.
The players operating in the market are focusing on expanding their production capacities and launching advanced products to cater to the growing demand for disposable face masks. For instance, in April 2020, 3M doubled its annual production of N95 respirators to an estimated 1.1 billion within the next 12 months. Rising awareness regarding airborne diseases and implementation of safety guidelines by governments and organizations are expected to drive the market over the forecast period.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
