PUBLISHER: BCC Research | PRODUCT CODE: 1088275
PUBLISHER: BCC Research | PRODUCT CODE: 1088275
The global face masks market should reach $10.9 billion by 2027 from $14.2 billion in 2022 at a compound annual growth rate (CAGR) of -5.1% for the forecast period of 2022 to 2027.
The healthcare segment of the global face masks market is expected to grow from $6.5 billion in 2022 to $5.5 billion in 2027 at a CAGR of -3.3% for the forecast period of 2022 to 2027.
The personal segment of the global face masks market is expected to grow from $5.0 billion in 2022 to $3.5 billion in 2027 at a CAGR of -7.1% for the forecast period of 2022 to 2027.
This report covers the technological, economic and business considerations of the face mask market, with analyses and forecasts provided for global markets. It includes relevant descriptions of market forces and their areas of application.
Global markets are presented by face mask type, along with growth forecasts through 2027. Estimates on sales value are based on the price in the supply chain at which the face masks are procured by the manufacturers.
Market-driving forces and industry structure are examined. International aspects are analyzed for all regions and face masks technologies. Brief profiles of major global manufacturers are presented.
The COVID-19 pandemic recently halted global economic progress. Lockdown measures were taken to contain the spread of the coronavirus, especially in affected cities, and various international governments took the necessary measures to address the economic slowdown.
In 2020, the growth rate of every global industry was impacted by the pandemic, and in turn the face mask market was affected. The market is expected to bounce back in 2022 due to relief packages or disaster aid packages provided by various governments to boost their economies.