Personal Protective Equipment Industry Overview
The global personal protective equipment market size was valued at USD 77.36 billion in 2020 and is expected to reach USD 112.07 billion by 2028, registering compound annual growth rate (CAGR) of 7.3% during the forecast period.
Increasing awareness regarding hygiene to avoid transmission of pathogens in healthcare facilities is expected to drive the demand for personal protective equipment (PPE) over the forecast period. Various countries implemented strict acts due to the Covid-19, such as the Families First Coronavirus Response Act by the U.S. for protecting public health workers, establishing free testing, providing paid leaves, and important benefits to children and families, in 2020 to curb the spread. Increasing domestic production coupled with restraints on the product imports and exports surged the PPE demand in 2020.
Gather more insights about the market drivers, restrains and growth of the Global Personal Protective Equipment Market
The stringent regulations imposed by the U.S. Department of Labor and Occupational Safety and Health Administration (OSHA) in the U.S. have a positive impact on product demand from the end-use industries in the country. In addition, the growing employee awareness related to personal safety has a significant influence on the increased penetration of PPE in the U.S.
Constant innovations, such as the development of lighter and comfortable industrial protective equipment using premium-quality fabric, are projected to propel market growth. Demand for protective equipment, which combines safety with improved aesthetics and technological innovation is further estimated to augment market growth.
Factors, such as improved technical support and increasing awareness of the price-performance ratio of products, are expected to favor private-label product manufacturing. Rising contract-based manufacturing of PPE designed according to distributor specifications, primarily in developed economies of North America and Western Europe, has a major impact on driving the product demand.
The companies operating in the textile industry across the Asian countries have altered their apparel manufacturing plants to PPE manufacturing post-outbreak of the Covid-19 to bridge the demand-supply gap. China is the largest exporter of PPE, such as masks, goggles, protective gowns, and gloves; however, its exports reduced by around 15% post the origination of the pandemic.
Personal Protective Equipment Market Segmentation
Based on the Product Insights, the market is segmented into Head, Eye & Face Protection, Hearing Protection, Protective Clothing, Respiratory Protection, Protective Footwear, Fall Protection, Hand Protection and Others
Based on the End-use Insights, the market is segmented into Construction, Manufacturing, Oil & Gas, Chemicals, Food, Pharmaceuticals, Healthcare, Transportation, Mining and Others
Based on the Regional Insights, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
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Market Share Insights:
Key Companies Profile:
Product prices for the above-the-neck PPE market are expected to marginally increase over the forecast period primarily due to the addition of value-added features.
Some prominent players in the global personal protective equipment market include
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