Rise in workplace accidents and concerns about employee safety are driving personal protective equipment market revenue growth

Personal Protective Equipment (PPE) Market Size – USD 82.84 Billion in 2021, Market Growth – at a CAGR of 7.5%, Market Trend – Increasing demand from healthcare sector

The Personal Protective Equipment (PPE) Market size is expected to reach USD 158.55 Billion in 2030 and register a revenue CAGR of 7.5% over the forecast period, according to latest report by Reports and Data. Rising need for respiratory equipment in mines, emergency response, military and law enforcement, healthcare, and fire departments, is expected to drive personal protective equipment market revenue growth.

 Personal Protective Equipment (PPE) Market Growth:

The Personal Protective Equipment (PPE) market has seen significant growth in recent years, driven by increasing awareness of workplace safety and the COVID-19 pandemic. The demand for PPE, such as masks, gloves, and gowns, has risen significantly as a result of the pandemic and is expected to continue to grow in the coming years as businesses and governments prioritize the health and safety of their employees and citizens. Other factors contributing to the growth of the PPE market include technological advancements in PPE products, increasing regulations, and a growing construction industry.

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Top Companies: ANSELL Ltd., Honeywell International Inc., 3M, Delta Plus Group, Alpha ProTech, Avon Protection plc, Kimberly-Clark Corporation, Toshiba Corporation, Lakeland Industries Inc., and DuPont.

Further Key Finding from the Report Suggestion:

• Hands and arm segment accounted for largest revenue share in 2020 due to massive deployment of hands and arm protective equipment in the manufacturing sector. There is increasing demand for disposable hands and arm clothing in sectors such as healthcare and chemicals, as protective hands and arm clothing cannot be reused due to contamination in these sectors, which in turn, is expected to support growth of the segment.
• Chemical segment accounted for largest revenue share in 2020. Exposure to chemicals can lead to skin and eye irritation, organ damage, cancer, respiratory problems, and fire and smoke-related injuries. Personal protective equipment is used to minimize the impact of chemical hazards on workers, and it includes closed pants and shoes, chemical-resistant gloves, lab coats, and eye protection.
• The manufacturing industry requires personal protective equipment to mitigate risks associated with processes such as cutting, grinding, welding, and casting. Manufacturing segment is expected to register a rapid revenue growth rate during the forecast period, as the sector requires a range of personal protective equipment
• Personal protective equipment market in North America is expected to register a significantly high revenue growth rate during the forecast period due to increasing awareness among manufacturers and workers about workplace safety measures. Rise in fatalities and accidents at work is also expected to increase demand for personal protective products in the region. Presence of various services and manufacturing industries, coupled with strict rules and regulations governing industrial security, are expected to support market growth in North America.

Market Overview:

Consumers are placing a higher importance on sustainability and, as a result, are choosing items based on factors like circularity and carbon footprint. Furthermore, consumer concern about carbon emissions has prompted increased investment in renewable energy, energy efficiency, and transportation decarbonization. These developments have had considerable impact on chemical end sectors, particularly in the automobile and construction industries. COVID-19 has exacerbated the situation by lowering the automobile and construction industries (as well as many others) and disrupting current supply lines.

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The global Personal Protective Equipment (PPE) market is segmented into:

Type Outlook (Revenue, USD Billion; 2019-2030)

• Head, Eye and Face Protection
• Protective Clothing
• Hearing Protection
  • Respiratory Protection
  • Protective Footwear
  • Hand Protection
  • Fall Protection
  • Others

End-use Outlook (Revenue, USD Billion; 2019-2030)

• Healthcare
• Construction
• Food
• Manufacturing
• Oil Gas
• Chemicals
• Pharmaceuticals
• Mining
• Transportation
• Others

Regional Outlook:

• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Questions Addressed in the Report:

• What are the dominating factors that are influencing the growth of the industry?
• In the forecast period, which market segment is expected to rise the most?
• What are the risks and challenges that the industry is facing?
• In the coming years, which area is projected to dominate the market?
• Who are the major players in the market?
• What kind of strategic business plans have they made?

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