Demand for Masks is 10x production capacity

Demand for Masks is 10x production capacity

Valued at US$4.41 billion in 2019, the global face mask market is expected to grow at about 24% a year to reach over US$31.8 billion by 2027.

As a first line of defence against the Covid-19 virus, surgical masks’ disposable nature along with export restriction policies have resulted in a global mask supply shortage. While many countries have ramped up mask production, current production levels meet only 1/10 of the global demand.

How can businesses navigate governmental policies to meet the demand for masks?

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Marie Teo
Manager, Group Marketing Communications
Spire Research and Consulting
Phone: (65) 6838 5355