The global personal protective equipment market size is expected to reach USD 112.07 billion by 2028, registering a CAGR of 7.3% over the forecast period, according to a new report by Grand View Research, Inc. The upgrading of the public healthcare system and infrastructure coupled with investments in new facilities in developing economies is anticipated to drive the product demand over the coming years.
The stringent regulations imposed by the U.S. Department of Labor and Occupational Safety and Health Administration (OSHA) in the country have a positive impact on product demand from the end-use industries. In addition, the growing employee awareness related to personal safety has a significant influence on the increased penetration of personal protective equipment (PPE) in the country.
Constant innovations, in terms of production, such as the development of lighter, comfortable industrial protective equipment using premium-quality fabric, are projected to propel market growth. High demand for PPE, which combines safety with improved aesthetics and technological innovation, is further estimated to augment market growth.
Various countries implemented Covid-19 related acts, 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 of the virus. Increasing domestic production coupled with restraints on imports and exports of PPE surged the product demand in 2020.
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Hand protection PPE accounted for the largest revenue share in 2020 and is expected to grow at a CAGR of 6.7% over the forecast period owing to the rising product demand on account of risks associated with corrosive chemicals, handling warm objects, and heavy-duty equipment
Protective footwear accounted for a significant market share and is expected to expand further at a steady CAGR over the forecast period on account of the increasing workplace fatalities
The oil & gas industry accounted for a significant share, in terms of revenue, in 2020 and is expected to witness a growth rate of 6.9% over the projected period owing to high accident risk in upstream and midstream activities in the industry
Growth in the food & beverage sector across the globe is projected to drive PPE demand over the forecast period
Companies are focusing on manufacturing branded and fashionable PPE owing to the increased demand for durable and customized products
Grand View Research has segmented the global personal protective equipment market on the basis of product, end-use, and region:
PPE Product Outlook (Revenue, USD Million, 2017 - 2028)
Head, Eye & Face Protection
Heat & Flame Protection
Mechanical Protective Clothing
Limited General Use
Supplied Air Respirators
PPE End-use Outlook (Revenue, USD Million, 2017 - 2028)
Oil & Gas
PPE Regional Outlook (Revenue, USD Million, 2017 - 2028)
Central & South America
List of Key Players of Personal Protective Equipment (PPE) Market
Honeywell International, Inc.
Lakeland Industries, Inc.
Avon Rubber plc
Uvex Safety Group
BartelsRieger Atemschutztechnik GmbH
Rock Fall (U.K.) Ltd.
Mine Safety Appliances (MSA) Company
Gateway Safety, Inc.
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