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.
Increasing awareness about workers' health and safety, in addition to rise in the number of industrial deaths, mainly in developing countries, due to lack of personal protective equipment, are driving growth of the PPE market. Technological innovation, accompanied by changing needs of consumers in personal protective equipment, are expected to drive expansion of the market. Rising concerns regarding health and safety of employees in earthquake-prone areas is also expected to drive market revenue growth.
Lack of knowledge about safety and health risks in the workplace is a major problem among workers. To spread awareness about health and safety, the Occupational Safety and Health Administration (OSHA) partnered with various health and safety organizations to come up with unique ideas and solutions as part of the campaign, Workplace Innovator Award. Such initiatives by agencies in collaboration with market players to improve safety standards are expected to stimulate demand for personal safety equipment in the coming years.
The COVID-19 epidemic has increased demand for personal protective equipment products, including masks, respirators, protective clothing, and gloves. Manufacturing and aerospace industries are providing personal protective equipment to their employees to protect them from the COVID-19 pandemic. Manufacturers are working at 100% of their capacity to supply personal protective equipment in all regions due to the growing gap between supply and demand, which in turn, is expected to increase demand for personal protective equipment over the forecast period.
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Some Key Highlights in the Report
- 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.
- Major players in the market include ANSELL Ltd., Honeywell International Inc., 3M, Delta Plus Group, Alpha ProTech, Avon Protection plc, Kimberly-Clark Corporation, Toshiba Corporation, Lakeland Industries Inc., and DuPont.
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