Market Overview
The global Sheet Face Mask Market Analysis is anticipated to acquire a CAGR of 8.47% in the forecast period. Further, this market is expected to hold nearly USD 1,210.9 Million by the end of the year 2023.
The worldwide Sheet Face Mask Market Analysis is driving due to the rising prevalence of skin problems like sunburn and acne. One of the growth driving factors in the global market for Sheet Face Mask is technological innovations in cosmetics. Moreover, this global market is creating lucrative opportunities for the market players and vendors due to rising research and development investments.
However, the global market for Sheet Face Mask might get affected due to the use of low-quality face mask serum, lack of cleaning and exfoliating properties, and faster evaporation during the forecast timeframe.
Market Segmentation
The global Sheet Face Mask Market Analysis has been segmented based on distribution channels and types.
On the basis of distribution channel segment, the global market for Sheet Face Mask has been categorized into non-store-based and store-based. In 2017, the store-based segment was estimated to account for the largest market share. Further, the non-store-based segment is projected to acquire the highest CAGR during the review period. This segment is growing because of the use of e-commerce channels by various manufacturers to distribute their products and the rising geographical reach.
Based on the type segment, the worldwide Sheet Face Mask Market Analysis has been segregated into bio-cellulose masks, cotton masks, hydrogel masks, non-woven masks, and others. Among these, the non-woven masks segment is estimated to dominate the global market and is projected to reach USD 369.3 million and record a substantial CAGR during the forecast period of 2023. This segment is growing across the world due to its cheapest rate. However, the hydrogel masks segment is predicted to acquire the highest CAGR of 9.40% during the predicted period of 2018 to 2023. This segment is growing due to its high absorption of active ingredients, which is making it more popular.
Regional Analysis
Regionally, the global Sheet Face Mask Market Analysis has been divided into different parts such as Europe, Asia Pacific, North America, and the rest of the world.
The Asia Pacific regional market for Sheet Face Mask is projected to generate 42.91 percent of the market share in the year 2017. However, this regional market is estimated to account for a CAGR of 9.06 percent in the research period. In this region, the Japan country is estimated to dominate the market by generating the greatest market share in the forecast period. However, China is anticipated to generate the highest growth rate of 9.34 percent in the review timeframe of 2018 to 2023. In these countries, the demand for a skincare products is rising due to the continuous product innovation among the market players.
Industry News
In August 2020, the Lenzing Group’s Veocel introduced the Lenzing Lyocell Micro Skin fibers and the new Lenzing Lyocell Fine Skin. The company claims that these fibers are a premium level of fineness, translucency, and exquisite softness, as well as an ideal option for beauty applications.
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