South America N95 Masks Market
No. of Pages: 110 | Report Code: TIPRE00025346 | Category: Consumer Goods
No. of Pages: 110 | Report Code: TIPRE00025346 | Category: Consumer Goods
South America (SAM) region consists of Brazil and Rest of SAM. Brazil is expected to have the major market share in this region. Also, it is projected to grow with highest growth rate. Growing aging population and rising respiratory disorders are expected to witness rapid growth for the N95 Masks market. Brazil is the fifth largest country in the world both by area and by population and experiencing the fastest demographic aging worldwide and aging population and respiratory diseases. The COVID-19 pandemic, the disease caused by the novel coronavirus, is well-known for all populations suffering to control the outbreak. Mandatory use of facemask in public places during the COVID-19 pandemic caused the worsening in the global shortage of commercial supplies and led to the widespread use of homemade masks and mask alternatives, and this have changed the Brazilians population’ habits. Prevalence of COVID-19 is the major factor driving the growth of the SAM N95 masks market.
South American countries such as Brazil, Argentina and others have registered alarming number of COVID cases since 2020. This region is still characterized with their developing medical infrastructure and gaps in awareness and availability of services. The demand for masks, similar to other parts of the world, had spiked significantly in SAM since the beginning of the pandemic. According to an article in Thomson Reuters Foundation, 66% of people in Brazil said they always wear a mask when they leave their home, while less than 9% said they never wear one. In Chile, Colombia, Argentina, Thailand, Indonesia, Kenya and the Philippines more than 72% of people said they always wear a mask when they leave home. Various companies worldwide are contributing to redressing COVID19 crisis by their own means through CSR initiatives and collaborations with local and regional healthcare associations, hospitals and governments. For instance, in April 2020, a cargo plane chartered by Vale landed at Guarulhos International Airport in Sao Paulo around 11 pm on April 11, 2020. The first batch of 286,000 N95 masks is the first batch of 2.54 million masks purchased by the company and donated to the Brazilian government. Besides the N95 masks, there were 3.16 million disposable surgical masks in the shipment, along with 450,100 aprons, 216,000 gloves, and 2,250 protective goggles, making a sum of just over 4.1 million pieces of personal protective equipment (PPE). These PPE were donated to the Brazilian government, which were further distributed to health units throughout the country. However, Multiple raids carried out in Argentina have revealed a criminal network capitalizing on the emergence of new COVID-19 variants by producing and selling knock-off face masks lacking the appropriate anti-viral properties. On August 10, 2021, eight people were arrested in Buenos Aires for allegedly manufacturing fake face masks that mimicked those produced by leading commercial brands as well as those made by Argentina's National Scientific and Technical Research Council. Moreover, the Argentine Government issued the following measures involving the enforcement of the Supply Act (Law No. 20,680) to guarantee the regular supply of essential products to the market, which stated professional face masks must be available to the healthcare system. To guarantee that, the sale of N95 face masks is going to be banned to anyone who is not part of the healthcare system. This might have a negative impact to certain extend.
Strategic insights for the South America N95 Masks provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 198.35 Million |
| Market Size by 2028 | US$ 480.27 Million |
| Global CAGR (2021 - 2028) | 13.5% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Product
|
| Regions and Countries Covered | South and Central America
|
| Market leaders and key company profiles |
|
The geographic scope of the South America N95 Masks refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The N95 masks market in SAM is expected to grow from US$ 198.35 million in 2021 to US$ 480.27 million by 2028; it is estimated to grow at a CAGR of 13.5% from 2021 to 2028. Companies operating in the non-PPE markets have started investing in the PPE production businesses to support the effective supply of products such as respiratory masks. The PPE manufacturing companies are focusing on expanding their business in developing countries. Further, in response to the burgeoning demand in the general population, many local mask producers are coming up with innovative and low-cost products. They are also engaging in other business activities supporting the scaling up of production capacities, such as the supply of raw materials. Moreover, governments have started strictly regulating the pricing and stocking of the N95 masks to avoid unethical business practices.
The SAM N95 masks market is segmented on the basis of product, distribution channel, end user, and country. By product, the SAM N95 masks market is bifurcated into without exhalation valve and with exhalation valve. The without exhalation valve segment dominated the market in 2020 and with exhalation valve segment is expected to be the fastest growing during the forecast period. On the basis of distribution channel, the N95 masks market is segmented into offline and online. The offline segment dominated the market and online segment is expected to be the fastest growing during the forecast period. By end user, the SAM N95 masks market is segmented into construction; manufacturing; healthcare; mining, oil and gas; and others. The construction segment dominated the market in 2020 and healthcare segment is expected to be the fastest growing during the forecast period.
A few major primary and secondary sources referred to for preparing this report on N95 masks market in SAM are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are 3M COMPANY; ALPHA PRO TECH, LTD.; Ansell Limited; Cardinal Health Inc; Honeywell International Inc.; Kimberly-Clark Corporation; and Medline Industries, Inc.are among others.
The South America N95 Masks Market is valued at US$ 198.35 Million in 2021, it is projected to reach US$ 480.27 Million by 2028.
As per our report South America N95 Masks Market, the market size is valued at US$ 198.35 Million in 2021, projecting it to reach US$ 480.27 Million by 2028. This translates to a CAGR of approximately 13.5% during the forecast period.
The South America N95 Masks Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South America N95 Masks Market report:
The South America N95 Masks Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South America N95 Masks Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America N95 Masks Market value chain can benefit from the information contained in a comprehensive market report.
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