That number represents tremendous growth from 2015, when the market was valued at U.S. $160.4 million. During the forecast period of 2016 and 2024, the global market is expected to exhibit a CAGR of 8.7%.
What’s driving the market? The high adoption of sheet face masks in the personal care industry, combined with extensive research and development in making innovative sheet face masks, analysts say.
Several manufacturing companies are focusing on developing products that cater to the needs of consumers, and address various skin issues, including pores, wrinkles, dry lines, sagging skin, and blemishes.
The fact that men are using masks is also contributing to market growth. (Plus, there are a few new face mask subscription boxes, like this one by FaceTory.)
Bio-Cellulose Fabric Sheet Masks Are Most Popular
Which types of sheet face masks are expected to be in most demand? The global sheet face mask market is segmented into the types of fabric used to make them — non-woven, hydrogel, bio-cellulose, and cotton.
Of these, the bio-cellulose fabric masks are expected show a remarkable progress during the forecast period, according to the research company.