USD 16.6 billion
Report ID:
SQMIG20I2210 |
Region:
Global |
Published Date: February, 2024
Pages:
231
|Tables:
62
|Figures:
73
Face Mask Machines Market size was valued at USD 16.6 billion in 2019 and is poised to grow from USD 17.14 billion in 2023 to USD 21.44 billion by 2031, growing at a CAGR of 3.3% in the forecast period (2024-2031).
The emergence of respiratory infection-based pandemic diseases like H1N1 and COVID-19 has increased the demand for face masks among frontline health professionals (such as first responders, nurses, and medical practitioners). The usage of N95 respirator masks to shield medical staff from harmful viruses and germs is growing in popularity.
Millions of people have succumbed as a result of infectious viruses and pandemic diseases like COVID-19 and H1N1. Face masks are effective against infections and diseases. The Government has intensified the production efforts to prevent face mask shortages, that support the market's growth.
Face masks become highly used objects to use everyday life now-a-days. To operate as a barrier for smoke, dust, chemical contaminants, and more recently virus-laden particles, the underlying materials have become crucial. Face masks are becoming increasingly popular due to the raging hazards of the Covid-19 virus, since 2020. The pandemic threats and fear has overwhelmed the healthcare systems and economies of several countries around the world.
The market growth has accelerated due to the mass production of masks. The market has experienced explosive expansion as a result of numerous government promotions and efforts to wear masks. Multiple businesses' have released cutting-edge masks that have accelerated market expansion. For instance, in July 2020, Viromasks introduced a reusable face mask equipped with intelligent textile technology. The intelligent mask eliminates bacteria and virus spread that come into contact with the skin's surface.
In the absence of Covid-19 vaccine in 2019, wearing masks were perceived as a life-saving tool for both the general public and medical personnel. The masks market has developed as a result of two trends: consumers' willingness to pay more for ISO certified masks and industry players collaborating to introduce masks with enhanced performance features.
US Face Mask Machines Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 16.6 billion
Largest Segment
N95 mask production
Fastest Growth
N95 mask production
Growth Rate
3.3% CAGR
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Face Mask Machines Market has been segmented based on application, machine type, and region. Based on application, the market is segmented into N95 mask production, surgical mask production, and others. Based on the machine type, the market is segmented into vertical face mask machines and flat face mask machines. Based on region, the face mask machines market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Face Mask Machines Market Analysis by Application
During the projection period, it is expected that the N95 mask production segment would expand at a CAGR of more than 20%. The increased demand from healthcare professionals for N95 masks, which are more effective in removing bacteria, viruses, and particulates, is credited with driving the market expansion. The rise in respiratory illnesses like asthma and COPD has led to an increase in the demand for N95 face masks.
Sales of the face mask-making equipment used to produce surgical masks are included in the surgical mask production category. The mouth and nose of the wearer are physically separated from potential pollutants in the local environment by a loose-fitting, disposable surgical mask.
The law governing surgical masks is 21 CFR 878.4040. Surgical masks, which may be designated as isolation, dentistry, or medical procedure masks, are not to be shared. They could have a face shield or not. Although not all face masks are regulated as surgical masks, certain sorts of masks are frequently referred to as face masks. This category includes devices that produce face masks for use as surgical masks.
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In terms of revenue share, the Asia Pacific region dominated the face mask manufacturing equipment market. Throughout the forecast period, the region is anticipated to maintain a high dominance. This is attributable to the rising need for medical and surgical masks in a variety of sectors, including manufacturing, food and beverage, and healthcare. The demand for these items in this region is also being driven by growing consumer awareness of personal cleanliness and wellness.
Due to widespread product adoption across industries as a result of rise in consumer concerns about respiratory diseases and expanding government initiatives to improve public health infrastructure, North America accounted for a sizeable portion of global sales in terms of revenue. Additionally, North America's growth rate was higher as compared with other regional markets.
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Face Mask Machines Market Driver
Emergence of COVID-19 and collaboration strategies to drive demand
Face Mask Machines Market Restraints
High costs of installation, maintenance, and feasibility issues to impede the market growth
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Several major firms that operate on a regional and international scale make up the market. Several new players are anticipated to enter the face mask machine market globally. Due to the increase in demand for face mask machines, major corporations are concentrating on releasing affordable face mask machines all over the world. Manufacturers currently place a strong emphasis on expansion tactics, such as product introduction and approval, patents, exhibition attendance, acquisition and alliances with regional and local players, etc. This has opened the door for business growth and an increased consumer base. For instance, in October 2020, TESTEX Instrument Limited participated in a two-day exhibition to display their 115 pieces per minute of mask production equipment.
Top Players in the Global Face Mask Machine Market
Face Mask Machines Market Recent Development
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
According to Global Face Mask Machines analysis report, the N95 mask production dominated the global market till 2022 and is anticipated to maintain its dominance throughout the forecast period. In 2022, Asia Pacific dominated the global face mask machines market owing to the region's growing consumer awareness of personal cleanliness and wellness.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 16.6 billion |
Market size value in 2031 | USD 21.44 billion |
Growth Rate | 3.3% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
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Historical Year | 2019 |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Face Mask Machines Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Face Mask Machines Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Face Mask Machines Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Face Mask Machines Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Face Mask Machines Market size was valued at USD 16.6 billion in 2019 and is poised to grow from USD 17.14 billion in 2023 to USD 21.44 billion by 2031, growing at a CAGR of 3.3% in the forecast period (2024-2031).
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Report ID: SQMIG20I2210
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