Protective Masks Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product Type (Procedure Masks, Surgical Masks, N95 Respirators, Face Shields, Others) By Application (Industrial, Personnel)  By End User ( Hospitals & clinics, Ambulatory Surgical Centers, Long-term Care Centers, Research Institutes, Others) and Region  

Protective Masks Market Size is expected to be valued at US$ 16.9 billion in 2022 and is poised to grow at a CAGR of 3.5% from 2023-29. The Rising cases of COVID-19 infection, a growing number of surgeries, increasing awareness regarding the protective benefits of masks, and government guidelines on usage of masks act as drivers boosting the global market. There are a few restraining the growth such as low-profit margins and government regulation for manufacturing N95 masks. The growing number of organizations and nations are stocking up on safe face masks providing multiple opportunities to the global protective masks market. This report studies global protective masks market dynamics elaborately to identify the current trends & drivers, future opportunities, and possible challenges to the key stakeholders operating in the market. In addition, the global protective masks market report includes human demographics; regulatory scenario, and competition analysis with a vividly illustrated competition dashboard to assess the market competition. Moreover, PBI analyzed the global protective masks market to better equip clients with possible investment opportunities across the regions (regional Investment hot spots) and market unmet needs (Product Opportunities). Key stakeholders of the global market report include suppliers, manufacturers, marketers, policymakers, and service providers engaged in global protective masks market

Protective Masks Market Key Developments:

• In March 2020, BYD Company announced that it opened one of the largest facilities to manufacture face masks. This expansion enabled the company to meet the acute shortage of face masks, thus expanding their protective face masks portfolio and increased their market penetration.
• In March 2020, General Motors announced setting up a face mask manufacturing plant that could produce up to 50,000 protective face masks in a day. This strategy enabled the company to provide essential face masks to the U.S and increased their market share.