The global sheet face masks market is consolidated and competitive in nature, owing to a significant share of the market held by a few players. The introduction of new products and innovations are the key factors that are estimated to help the leading players in attain a leading position in the market. According to a research study by Transparency Market Research, in 2015, the global sheet face masks market was worth US$160.4 mn. The market is likely to reach a value of US$336.7 mn by 2024, exhibiting a progressive 8.70% CAGR between 2016 and 2024.
Several questions related to the development of the global sheet face masks market have been included in the scope of this blog. Some of the questions have been given below:
Which major factors are projected to bolster global sheet face masks market in the near future?
A potential rise in the number of new products and the rising trends in the fashion industry are the key factors predicted to fuel the growth of the global sheet face masks market in the coming years. In addition, the increasing popularity among consumers regarding anti-aging formulations is likely to supplement the development of the market in the next few years. The rising growth opportunities in several untapped markets and the expansion of the application sector are anticipated to contribute massively towards the development of the market in the near future.
Which fabric type is likely to lead in the global sheet face masks market in the coming years?
The global market for sheet face masks has been classified on the basis of fabric type into hydrogel, non-woven, bio-cellulose, cotton, and others. Among these, the bio-cellulose segment is estimated to experience a robust growth in the coming years. The high growth of this segment can be attributed to the easy availability and affordability of sheet face masks. In addition, the convenience of using the sheet face masks due to its natural ingredients is likely to accelerate the growth of the market. Furthermore, the hydrogel sheet face masks segment is anticipated to remain in the second position and witness a healthy growth in the near future.
Which regional segment is anticipated to witness progressive development in the global sheet face masks market?
From a regional perspective, in the last few years, Asia Pacific is estimated to experience a progressive growth in the coming years. This region is estimated to remain in the leading position in the next few years, owing to the rising disposable income among consumers and the rising population. Furthermore, the presence of a large number of manufacturers is another key factor expected to accelerate the growth of the Asia Pacific sheet face masks market in the near future. Furthermore, the Middle East and Africa and Latin America are expected to grow at a healthy pace in the coming years.