Sheet Face Mask Substrate Market Will Escalate Rapidly in the Near Future

Posted by Sakshi Mishra on January 1st, 2020

According to a new market report published by Transparency Market Research titled “Global Sheet Face Mask Substrate Market -Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026,” the global sheet face mask substrate market is expected to reach US$ 1585.4 Mn by 2026. The market is estimated to expand at a CAGR of 6.8% during the forecast period from 2018 to 2026. In terms of volume, the market is expected to reach 80.9 million kilograms, expanding at a CAGR of over 5.6% by 2026. The sheet face mask substrate market in Asia Pacific is projected to expand at a significant growth rate during the forecast period due to the availability of rich resources of raw materials of sheet face mask substrate in the region. The cosmetics industry in Europe witnessed significant expansion in 2016. The European Free Trade Association has majorly impacted the cosmetics industry in Europe. China, India, and Japan are major markets for sheet face mask substrate in Asia Pacific, in terms of consumption. Demand for bio-cellulose material is increasing owing to improved beauty benefits from the material, which in turn is driving the sheet face mask substrate market. Another driver is the changing lifestyles of consumers coupled with the influence of Western culture, in terms of cosmetics and skin care. Additionally, the increasing trend of utilizing organic products, looking young, or employing anti-aging products has propelled the sheet face mask substrate market globally.

Request a PDF Sample of Sheet Face Masks Substrate Market – https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=50631

The market for sheet face mask substrate in developing countries such as India, Brazil, China, Indonesia, and Argentina has been witnessing steady expansion for the last few years due to the strengthening economic conditions in these countries. This factor has led to the increase in purchasing power of consumers, thereby prompting them to utilize sheet face mask substrate as a skin care product. Furthermore, expansion of economies of developing countries is prompting manufacturers operating in the sheet face mask substrate market to increase their presence in these countries in order to capitalize on expansion opportunities. However, currently, the impact of this driver is medium, and it is expected to be high in the short- and long-term.

Sheet face mask substrate have gained popularity among the urban population of almost every country, worldwide. Improved economic conditions in countries of APAC, MEA, and South America have fueled the purchasing power of the people in these countries, which has positively impacted the sheet face mask substrate market. In Asia Pacific, the sheet face mask substrate market is expanding in countries such as China, Japan, India, and Rest of Asia Pacific. China was a prominent market for sheet face mask substrate in Asia Pacific, followed by South Korea, in 2016. Additionally, semi-urban areas present significant opportunities for the sheet face mask substrate market owing to the rise in disposable income and changing lifestyles of people in these areas. Increasing emphasis of the young generation on their appearance has boosted the sheet face mask substrate market in APAC, MEA, and South America.