Report ID: UCMIG25K2016
Report ID:
UCMIG25K2016 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The size of the world market for reusable face masks was estimated at USD 1.3 billion in 2019 and is anticipated to increase at a CAGR of 23.5% from 2020 to 2027. The demand for reusable face masks among customers has been fueled by the increasing use of face masks as a preventative method to shield oneself from numerous diseases, such as anthrax, influenza, avian bird flu, swine flu, Ebola, and the most recent coronavirus. People are becoming more aware of the fact that wearing masks can help prevent the spread of viruses to others and the environment, which has immediately increased demand for the product.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Apparel, Accessories & Luxury Goods by segment aggregation, the contribution of the Apparel, Accessories & Luxury Goods in Consumer Durables & Apparel and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG25K2016