Mask Market with COVID-19 Pandemic
Mask Market with COVID-19 Pandemic. At the 6th China Sanitary Products Summit at the end of October 2020, the expert shared his views on the mask market.
The mask market before the outbreak
As shown in the figure below, before the outbreak of the epidemic, the Chinese mask market sold about 5 billion masks in 2019, with a scale of about 10.2 billion yuan. This scale is very small, and most of them are used by medical staff, and consumers account for only 12% .
The following are the top ten mask brands in China before the outbreak. Before the outbreak, consumers were generally unfamiliar with these brands.
The mask market after the outbreak
Public data shows that after the outbreak of the epidemic, the number of workers in legal entities and self-employed households in various industries was as large as 533 million.
It is conservatively estimated that each person uses one RMB 1 each for 2 days, and there will be at least 96.725 billion yuan (about USD) in the domestic mask market in 2020.
In terms of export volume, it is conservatively estimated that the export volume from April to December 2020 is 317.7 billion yuan (about USD), but we all know that the export of masks is far more than that.
Future development of the epidemic
For the forecast of the epidemic, the authoritative American magazine Science predicts that the COVID-19 epidemic will last for 5 years. The famous Chinese economist Huang Qifan once predicted that the number of confirmed cases worldwide will reach 10 million at the end of June. This number is relatively accurate. He also predicted 12 At the end of the month, the number of confirmed cases worldwide could reach 60 million. In addition, American biologist Diamond made a hypothesis from a biological point of view and speculated that in the future, an average number of people will be infected with the new coronavirus, about 3.8 billion.
In this regard, Dr. Bao said that although the epidemic in China is under control, it takes time for vaccine development. The vaccine has not been used on a large scale, and the epidemic abroad has not been well controlled. Therefore, the epidemic will last for 3-5 years. Both have at least 200 billion market opportunities.