Request FREE sample PDF
Pharmacy benefit management market
NONWOVEN FACE MASK SUBSTRATE MARKET REPORT OVERVIEW
The global nonwoven face mask substrate market size was valued at USD 0.89 billion in 2023 and is projected to grow from USD 0.95 billion in 2024 to USD 1.48 billion by 2032, exhibiting a CAGR of 5.7% during the forecast period. Asia-Pacific holds leading position in nonwoven face mask substrate market share in 2023.
A nonwoven face mask substrate is often made to fit the region of skin that is intended for topical treatment. For instance, when a mask is placed to the face, the substrate is made to fit the contour of the face while, when needed, avoiding the regions around the mouth, nose, and eyes. Customers all over the world, particularly those from metropolitan regions, are looking for materials that may naturally improve the functions of their cosmetic goods, such as environmental protection, anti-pollution, and health and beauty care. The market for nonwoven face mask substrate will be driven by the introduction of nonwoven face mask substrate, a new product, to the industry in recent years.
The worldwide nonwoven face masks substrate market is growing because to population growth and consumers' increasing desire for personal beauty and cosmetics goods. Throughout the previous few decades, the skin care market has grown significantly. The rising use of skin-brightening and anti-aging formulation trends seen in the purchasing of nonwoven face mask substrates reveals intriguing insights that may support the substrate market's future expansion. Nonwoven face masks are sheets that resemble faces and are saturated with various serums, depending on the intended outcome. Individually packaged, they are often applied to the face, patted into place, and then removed or peeled off after 15 to 20 minutes.
COVID-19 Impact: Shortage of Labor and Strict Protocols to Hinder the Market During the Forecast Period
The global COVID-19 pandemic has been unprecedented and staggering, with the nonwoven face mask substrate market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. As per our research, the market The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
Covid badly affected the nonwoven face mask substrate market due to supply chain disruptions and shortage in raw materials was also observed. Shortage of labor and strict protocols such as lockdowns and restrictions on movement created roadblocks, disruptions in end-use sectors of the product led to lower demand.
LATEST TRENDS
"Multiple Skin Problems to Bolster the Market Growth"
Two variables that are major contributors to skin aging are pollution and stress. Acne, wrinkles, and fine lines are just a few of the skin care problems they frequently cause. The demand for nonwoven face mask substrate would rise as women fought against the effects of these two causes because of its effectiveness, which is considerable. During the course of the projection period, this will propel demand for nonwoven face mask substrates worldwide.
NONWOVEN FACE MASK SUBSTRATE MARKET SEGMENTATION
- By Type Analysis
By type, market is segmented into moisturizing and beauty. The moisturizing type segment will dominate the market in the coming years.
- By Application Analysis
Based on applications, the market is classified into male and female. The male segment will lead the global share through 2028.
DRIVING FACTORS
"Skin Gain and Social Media’s Expanding Influence to Augment the Market Demands "
Skin gain is becoming more and more popular as a result of variables including social media's expanding impact and the fact that it has raised the bar on what is considered to be normal to a level that is nearly impossible to achieve. The need for skin care products is rising, driving growth in the worldwide nonwoven face mask substrate market as beauty and wellness influencers tell their followers how having the most beautiful skin is achievable. It's important to note that as more women enter the workforce, the disposable income of all consumers, especially women are rising, which is tipping the balance in the market's favor.
"Rapidly Aging Population to Propel the Market Growth"
Another important aspect driving women's need for more advanced beauty products is the rapidly aging population. A spectacular range of these goods is created and promoted by well-known and proactive companies. There will be billions of individuals over the age of 60 on the earth by the end of the predicted period. The nonwoven face mask substrate market would be significantly influenced by this group of people.
RESTRAINING FACTORS
"Availability of Various ALternatives to Challenge the Market Growth"
A restraint on the expansion of the nonwoven face mask substrate market is the escalating availability of its replacement goods, such as face wax, face gel, and others that are acquiring a more significant market share.
NONWOVEN FACE MASK SUBSTRATE MARKET REGIONAL INSIGHTS
"Asia Pacific’s Nonwoven Face Mask Substrate to Grow Exponentially with the Forecasted Period"
In 2020, the market share belonging to the Asia Pacific region was the highest. The region's nonwoven face mask substrate market is expanding as a result of the abundance of raw materials that are available for it, as well as manufacturers' growing usage of bio-cellulose and innovations in their products. Also, a rise in the use of nonwoven face mask substrate by consumers has driven manufacturers to create new products and increase production in order to keep up with customer demand. This is anticipated to fuel the development of the nonwoven face mask substrate market throughout the forecast period.
During the course of the projection period, North America is anticipated to see tremendous growth. The nonwoven face mask substrate market is developing in the North American area as a result of rising consumer awareness of their skin and beauty as well as the presence of significant players in the industry.
KEY INDUSTRY PLAYERS
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.
LIST OF TOP NONWOVEN FACE MASK SUBSTRATE COMPANIES
- Alliqua Bio Medical (U.S.)
- Bel Mondo Beauty (U.S.)
- Biocrown Biotechnology (China)
- Denex International (India)
- Intracosmed (Switzerland)
- KATECHO (U.S.)
REPORT COVERAGE
The market research study examines the worldwide market in detail, focusing on important elements such as leading players, product/services or type, and leading end-use applications. Aside from that, the research analyses major advancements and provides insights into lighting market trends. In addition to the causes indicated above, the paper includes a number of other factors that have contributed to recent growth.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 0.89 Billion in 2023 |
Market Size Value By |
US$ 1.48 Billion by 2032 |
Growth Rate |
CAGR of 5.7% from 2023 to 2032 |
Forecast Period |
2024-2032 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered | |
By Types
|
|
By Application
|
Frequently Asked Questions
-
What are the key factors driving the nonwoven face mask substrate market?
Skin Gain, social medias expanding influence and rapidly aging population are some of the driving factors of the nonwoven face mask substrate market.
-
What is the leading region in the nonwoven face mask substrate market?
Asia Pacific is the leading region in the market for nonwoven face mask substrate.
-
What are the key players in the nonwoven face mask substrate market?
Alliqua Bio Medical, Bel Mondo Beauty, Biocrown Biotechnology and Denex International are some of the leading players in the nonwoven face mask substrate market.
-
What value is the nonwoven face mask substrate market expected to touch by 2032?
The global nonwoven face mask substrate market size was valued at USD 0.89 billion in 2023 and is projected to grow from USD 0.95 billion in 2024 to USD 1.48 billion by 2032