The mask manufacturing industry is showing strong growth; when the Covid-19 epidemic still shows no signs of abating; in many countries around the world and Vietnam.
According to information on Global Newswire; The scale of the global mask industry as of 2020 is recorded at more than 4.5 billion USD with a compound annual growth rate of 24.2%. This industry’s revenue is estimated to exceed 21.2 billion USD by 2026.
In there; The scale of the medical mask market is expected to reach 1.1 billion USD by 2025. This is considered an essential tool in protecting the wearer from bacteria and harmful droplets, with effective prevention blocking up to 95%.
According to economic experts; The sudden growth of the mask market comes from the urgent need to care for the health of people around the world in the context of the strong spread of the Covid-19 epidemic.
Business Wire predicts; The revenue of the global medical mask market is expected to increase by 2.41 billion USD; due to the outbreak of Covid-19. .
Along with masks; Other hygiene products have also grown rapidly in recent times. Hand sanitizer market; It is estimated to exceed 1.5 billion USD by 2025 when people’s consumption needs skyrocket during the pandemic. Revenue of the global ventilator manufacturing industry; is also expected to skyrocket 150.1% from 4.68 billion USD in 2019 to a record 11.7 billion USD; in 2021 due to the impact of the Covid-19 epidemic.