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Report ID: SQMIC30L2247
Report ID:
SQMIC30L2247 |
Region:
Country |
Published Date: April, 2024
Pages:
198
|
Tables:
61 |
Figures:
75
U.S. Disposable Face Mask Market size was valued at USD 9.60 billion in 2022 and is poised to grow from USD 11.28 billion in 2023 to USD 40.98 billion by 2031, growing at a CAGR of 17.5% in the forecast period (2024-2031).
The increasing pollution levels, growing awareness about health and well-being, and higher usage among consumers are the primary factors driving the market growth. The rising number of daily operations, further boosted the demand for disposable face masks. Additionally, the growing frequency of airborne illnesses, hospital-acquired infections, and increasing usage by personnel is expected to fuel the market growth. The moderate level of capital expenditure required to set up a business in this market is likely to attract small and medium-sized market players, while larger companies will focus on expanding their global presence to gain a significant brand reputation. Prominent market participants are expected to continue with their capacity expansion as their preferred competitive strategy. The COVID-19 outbreak has led to a significant surge in the demand for raw materials and accessories to manufacture disposable face masks. This has prompted prominent raw material suppliers worldwide to increase their scale of operation. As a result, instances of raw material oversupply are expected to emerge globally over the forecast period due to the ongoing impact of the pandemic. The use of surgical masks to prevent contact with airborne germs, dust, and other infection-carrying pathogens is projected to increase the demand for disposable face masks. The demand for disposable face masks is expected to rise due to the use of surgical masks to avoid contact with dust, pathogens, and other airborne contaminants. The increase in hospital-acquired infections, the rising senior population, and the construction of healthcare infrastructure in emerging nations all contribute to the market's expansion. Major market players have been ramping up their production capacity and distribution channels to meet the unexpected spike in demand due to the COVID-19 pandemic. To create N95 face masks, for instance, Honeywell increased its production capacity in Phoenix, Arizona, in order to assist the US government's pandemic response. To fight the deteriorating COVID-19 situation in the US, the business intends to produce more than 20 million N95 disposable masks each month.
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Report ID: SQMIC30L2247