Globally, the size of personal protective equipment (PPE) market is expected to grow at a CAGR of 6.1%, estimated to reach USD 94.17 Billion by 2030
Market Overview -
The global personal protective equipment market witnessed rapid growth. Stringent industrial safety regulations and the growing adoption of industrial safety products act as major driving forces. Besides, rapid industrialization, urbanization, and population worldwide foster the PPE market size. Spurring growth in the automotive and construction industries led by the rapid economic growth boost the PPE industry.
With recent covid-led crises, personal protective equipment has garnered much attention. Resultantly, the market is projected to witness a significant revenue rise. In this regard, Market Research Future (MRFR) states that the global personal protective equipment market would reach exponential heights by 2027, registering a phenomenal CAGR during the forecast period (2020-2027).
Additionally, the spurring rises in retail sales and the growing focus on safety technologies are major personal protective equipment market trends. The growing adoption of personal protective equipment across industries impacts the market outlook positively. Similarly, supply chain intelligence and emergency response management technology upgrades foster the market value.
Overall, the use of PPE can help to prevent workplace injuries and illnesses, but it is important to ensure that the equipment is selected, used, and maintained properly to ensure maximum effectiveness,Additionally, the spurring rises in retail sales and the growing focus on safety technologies are major personal protective equipment market trends. The growing adoption of personal protective equipment across industries impacts the market outlook positively. Similarly, supply chain intelligence and emergency response management technology upgrades foster the market value.
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Segmentation
The market is segmented into products, industries, hazards, and regions. The product segment is sub-segmented into hands & arm protection, protective clothing, foot & leg protection equipment, eye & face protection, respiratory protection equipment, head protection, and others. Among these, the hands & arm protection segment accounts for the largest market share.
The industry segment is sub-segmented into construction, manufacturing, chemicals, food, oil & gas, transportation, and others. Of these, the manufacturing segment holds the largest market share. The type of hazards segment is sub-segmented into chemical, electrical, fire, biological, and others. Among these, the chemical segment accounts for the largest market share. The region segment is sub-segmented into Americas, Europe, Asia Pacific, and the Rest-of-the-World.
Regional Analysis
North America accounts for a significant share in the global personal protective equipment market with the presence of significant players such as 3M, Alpha Pro Tech, Kimberly-Clark, and DuPont. Besides, the largest market share attributes to well-developed infrastructure and industrial safety standard-setting groups and trade associations provide enormous growth opportunities, improving PPE kits' productivity.
Competitive Analysis
Numerous players form a competitive landscape in the personal protective equipment market. These players adopt aggressive strategic initiatives such as innovation, mergers & acquisitions, and brand reinforcement. They continuously launch analytics and services in developing economies to take advantage of the economic growth in these regions.
Key Players:
Players active in the global personal protective equipment market include Honeywell International Inc. (US), ANSELL LTD (Australia), 3M (US), Alpha Pro Tech (Canada), Delta Plus Group (France), Metric AG & Co. KG. (Germany), MSA (US), Kimberly-Clark Worldwide Inc. (KCWW) (US), Lakeland Inc. (US), DuPont (US), Radians Inc. (US), and Sioen Industries NV (Belgium), among others.
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Industry/ Innovation/ Related News
Sep 14, 2021--- Malcom (India), a leading PPE manufacturer, announced its plans to achieve constant growth with expansion and innovation in the product line by adapting digitization. Malcom offers a complete PPE range protecting industrial workers from head to toe. Considering the current scenario of social distancing, the Company plans to continue providing an audio-visual platform to its shareholders
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