COVID-19 to Accelerate Demand for Washable and Reusable Masks, Market to Exhibit 8% Growth through 2030, Finds Fact.MR Study
Published : 09 Apr 2020 Industry: Consumer Goods
The global washable and reusable mask market will grow 2.1X during the projection period (2020 - 2030). The impact of covid-19 on the washable and reusable market is fairly opportunistic with the outbreak of coronavirus (COVID-19) across the globe. With health experts and various government organization advocating the importance of hygiene product such as face masks and hand sanitizers, demand for these products has stepped up. As the demand of surgical masks and respirators could not be met by suppliers and manufacturers, and e-commerce giants, the demand for washable and reusable masks has fuelled across the globe. In a bid to contain the adverse impact of covid-19, manufacturers have introduced a washable and reusable mask to the market. Further, the urgent need for surgical masks in hospitals is also giving an uptick to the demand for washable and reusable masks.
Key Takeaways of Washable and Reusable Mask Market Study
- Personal application of washable and reusable mask is set to hold a share-wide dominance with over 40% of the total market value. Panic buying and anxiousness are driving demand from this application segment
- Indirect distribution channels account for a significant market value share with over 50% of total revenues. On the other hand, online distribution channels offer the most attractive revenues prospects with an impressive 9% CAGR from 2020 to 2030
- North America and Europe cumulatively account for a big part of global sales with nearly 40% share of the total market value. The washable and reusable mask will witness tremendous demand across these regions owing to rising Covid-19 cases
- South Asia & Oceania have catapulted the global washable and reusable mask market with an astounding 9.4% CAGR during the forecast period. Investments in healthcare infrastructure development in India, Indonesia, Singapore, and Malaysia are central to growth of the washable and reusable mask market in these regions.
“The COVID-19 pandemic, has been creating massive business opportunities for washable and reusable mask manufacturers and sellers. The sales of washable and reusable masks have been swelling all over the world”, says Fact.MR Analyst
Online Distribution to Bolster Growth of Washable and Reusable Mask Market amid Covid-19 Pandemic
Manufacturers are increasing production to meet the surging demand as individuals and companies stock up personal protective equipment. Further, with the world battling COVID-19, consumers spending on e-commerce is expected to significantly contribute to the future growth of the washable and reusable mask market. Since social distancing is being widely practiced, market players stand to reap sustainable growth opportunities from online distribution channels.
Find More Valuable Insights on Washable and Reusable Mask Market
Fact.MR, in its new offering, brings to fore an unbiased analysis of the washable and reusable mask market, presenting historical demand data (2015-2019) and forecast statistics for the period, 2020-2030. The study divulges compelling insights on the washable and reusable mask market on the basis of product type (respirator mask, surgical mask, and dust mask), closure (earloop closure and tie closure), function (N-series and P-Series), applications (industrial, personal, and medical), distribution channels (direct sales, indirect sales, and online channel), and across six major regions (North America, Latin America, Europe, East Asia, South Asia & Oceania, and Middle East & Africa).
About the Retail and Consumer Goods Division at Fact.MR
Being a consortium of a large number of sub-industries, not many market research companies are able to fulfil the requirements of consumer product clients. Though, Fact.MR retail and consumer goods analysts at Fact.MR have been categorically tracking the broader sub-industries to keep themselves abreast of the recent happenings in the market. Our practical approach to product design and pricing strategy contributes to the growth of businesses that are struggling to hit the ‘move-the-needle’ bottom line. With unmatched analytical diligence, the team at Fact.MR helps organizations design product differentiation strategies and introduce exclusive product(s) to their existing portfolio. For more consumer goods domain expertise, visit here.