The spread of COVID-19 across the globe has impacted the global protective face masks market in a positive way. The optimistic growth of the market is due to the rising demand for protective face masks to avert the transmission of deadly coronavirus.
PUNE, India, Aug. 21, 2020 /PRNewswire/ -- The protective face masks industry is likely to observe a surge in the growth rate in the COVID-19 pandemic. According to a report published by Research Dive, the Global Protective Face Masks Market is projected to surpass $2,467.5 million during the forecast period from 2020 to 2027. Detailed analysis on drivers, challenges, restraints, major segments, enormous growth opportunities, and key strategies by market players are provided in the report to better apprehend the effect of pandemic on the global market.
Coronavirus impact on Protective Face Masks Market Report Highlights:
1. The estimated CAGR of the protective face masks market before COVID-19 pandemic was 10.2% over the forecast period.
2. The CAGR of the global industry post-pandemic crisis is expected to grow at 10.8% by 2027.
3. In 2020, the anticipated market size of the protective face masks industry before COVID-19 pandemic was $1,176.5 million.
4. Due to COVID-19 pandemic, the market size of the global industry is expected to surpass $1,205.6 million in 2020.
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Key Features of the Market
Our analysts stated that a number of companies across the globe are taking efforts to increase the production of masks owing to the growing demand for masks in the COVID-19 pandemic. This is expected to propel the growth of the global protective face masks market in 2020. For instance, Arizona PPE Company has started the production of masks at Mesa facility in August 2020. About 200 jobs will be added with the production of masks and these masks will be available to distributors and retailers in all sized for children and adults.
The patient handling equipment are used to reduce risk of accidents and provide safety while handling patients. The various advantages of patient handling equipment such as increased safety, correct lifting and shifting methods are expected to be the significant factor for the growth of the global market during the pandemic crisis.
The growing cases of COVID-19 across the globe is the major factor predicted to boost the market growth in the pandemic situation. Thus, this has surged the demand for protective face masks as it helps in preventing the transmission of deadly corona virus amongst the people.
Key Players of the Industry
The major players operating in the global market for protective face masks include
1. Polison Corporation
2. Reckitt Benckiser Group plc
3. Intech Safety Private Limited
4. Delta Plus Group
5. Mine Safety Appliances (MSA) Company
6. Ansell Limited
7. JSP Ltd.
8. Alpha Solway Ltd
10. Moldex-Metric, Inc
The report also summarizes other important aspects of the key players including Financial Performance, Product Portfolio, SWOT analysis, and Recent Strategic moves and developments. Inquire before Purchase report, Get Sample Report [75 pages]
Post-Pandemic Market Landscape
As per the report, the global protective face masks market is expected to witness an impressive growth even after the COVID-19 pandemic. The rising concerns among people regarding safety and the growing demand for masks from healthcare institutions are expected to fuel the growth of the global market over the forecast period. Besides, the rising focus of key players to develop innovative masks is estimated to drive the market growth post COVID-19 pandemic. For instance, a Switzerland-based Federal Laboratories for Materials Science and Technology (Empa) and Federal Institute of Technology Lausanne (EPFL) have developed a transparent face mask which allows the other person to see behind the PPE masks.
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About Research Dive
Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With an unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.
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SOURCE Research Dive