Blog Information
- Posted By : Trisha Jadhav
- Posted On : Jun 05, 2023
- Views : 64
- Category : General
- Description : According to Custom Market Insights (CMI), The Global Personal Protective Equipment (PPE) Market size was estimated at USD 71 billion in 2021 and is expected to reach USD 75.55 billion in 2022 and is anticipated to reach around USD 112 billion by 2030, growing at a CAGR of roughly 4% between 2022 and 2030.
Overview
According to Custom Market Insights (CMI), The Global Personal Protective Equipment (PPE) Market size was estimated at USD 71 billion in 2021 and is anticipated to reach around USD 112 billion by 2030, growing at a CAGR of roughly 4% between 2022 and 2030.
Our research report offers a 360-degree view of the Personal Protective Equipment (PPE) market’s drivers and restraints, coupled with their impact on demand during the projection period. Also, the report examines global opportunities and competitive analysis for the Personal Protective Equipment (PPE) market.
Personal Protective Equipment (PPE) Market: Overview
Healthcare personnel who operate in dangerous conditions are more susceptible to illness and infection. As a result, using protective equipment as a preventative step is essential. Aside from that, the populace working in various industries may be harmed by chemicals, biohazards, radiation, heat, currents, and other similar things. As a result, worker safety and sustainability are now essential components of many industries. The personal protective equipment (PPE) market is gaining from the Occupational Safety and Health Administration, NIOSH, and EPA amendments to strict laws and guidance for companies on the mandatory use of PPE.
Browse the complete “Personal Protective Equipment (PPE) Market Size, Trends, and Insights By Product (Head Protection, Face Protection, Eye Protection, Fall Protection, Hearing Protection, Protective Clothing, Protective Footwear, Respiratory Protection, Hand Protection, Others), By End-use (Construction, Oil & Gas, Pharmaceuticals, Mining, Manufacturing, Chemicals, Transportation, Food, Healthcare), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030 “ report at https://www.custommarketinsights.com/report/personal-protective-equipment-ppe-market/
Growth Factors
Rising workplace fatalities, stricter government regulations, increased public awareness of personal safety, and technological advancements in PPE materials are some key drivers bolstering the global market for personal protective equipment.
Numerous public and corporate organizations, like the International Labour Organization and the Occupational Safety and Health Administration, establish strict rules for using personal protection equipment at work as workplace accidents rise. This has given the PPE market a significant boost, and the trend will likely continue in the coming years.
Personal protection equipment is increasingly finding its way into sectors like healthcare, petrochemicals, power production, and firefighting. In addition, the use of PPE by healthcare professionals when interacting with patients is now required by almost all governments and regulatory agencies worldwide. During the projection period, the growth of these end-user industries will fuel demand for personal protective equipment.
Segmental Overview
The market for Personal Protective Equipment (PPE)s is segmented into product and end-use. Due to the increasing need for hand protection, respiratory protection, and protective apparel in the healthcare sector, the healthcare end-use segment dominated the PPE market and accounted for the most significant revenue share of over 30% in 2021. In addition, worldwide demand for protective clothing, particularly coveralls and gowns, has increased due to the coronavirus’s quick spread.
On the other hand, the oil and gas sector is anticipated to grow at the highest CAGR. Due to upstream and downstream activity, the oil and gas industry is predicted to increase steadily. Over the projection period, it is anticipated that the oil and gas industry’s rapid technological improvements will increase demand for personal protective equipment worldwide.
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Regional Overview
Due to regulatory bodies like OSHA, growing public awareness of personal safety, the rapid expansion of the healthcare sector, and technological advancements, North America will continue to hold the dominant position in the global market for personal protection equipment.
Personal protection equipment is becoming widely used in developed countries like the United States due to strict regulatory policies and a rise in workplace deaths. As a result, the majority of end-use industries in these areas promote the use of personal protection equipment by employees.
Key Players Insights
The market participants regularly update their product lineups. As a result, they are utilizing cutting-edge materials that could significantly improve worker safety across various industries. In addition, they are working together to deliver multiple personal protective equipments to end-use sectors like healthcare and oil & gas.
- 2021: A cooperative venture was announced by Medtecs International. The demand for some types of PPE has increased recently due to strict restrictions and a greater understanding of the need to safeguard workers.
- 2021: Norcross Safety Products L.L.C. was successfully acquired by Honeywell for USD 1.2 billion. It might give the business a platform in the international market.
Prominent Players
- 3M Company
- Ansell Limited
- Alpha Pro Tech, Ltd.
- Lakeland Industries Inc.
- Drägerwerk AG & Co. KGaA
- Honeywell International Inc.
- E I du Pont de Nemours and Co. (DuPont)
- uvex safety
- Kimberly-Clark Corporation
- MSA Safety Inc.
Table of Contents: https://www.custommarketinsights.com/report/personal-protective-equipment-ppe-market/#table-of-contents
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