Personal Protective Equipment Market Dynamics:
The global market for personal protection equipment market is expected to increase steadily. Rapid industrialization, urbanisation, and global population growth are important driving forces. Furthermore, the personal protection equipment market is bolstered by strict industrial safety regulations and the increased acceptance of industrial safety equipment. Furthermore, rapid economic expansion spurs growth in the automobile and construction industries, which benefits the PPE business.
The market is driven by increased product development and customisation in order to meet severe OSHA rules and ANSI fall protection standards. Furthermore, as safety concerns spread across the industrial environment, market growth accelerates. Several trends in the PPE market have favoured market expansion over the last decade, including the acceptance of industrial safety solutions in multiple verticals, Industry 4.0, and the proliferation of industrial IoT (IIoT) solutions.
Government officials are becoming increasingly concerned about worker health and safety. Governments from numerous countries have created various safety standards in order to decrease accidents and uncertainty in the workplace. End-use industries are required by a number of government regulations and standards to provide workers with protective equipment in certain types of work environments. Workers in industries including oil and gas, construction, and manufacturing, among others, are required to wear protective equipment.
The market growth is being hampered by the Increased automation in end-use industries and the High price of specialized clothing used in the personal protective equipments.
PPEs are increasingly being used as a barrier between viral and bacterial pollutants and the skin, mouth, nose, and eyes in health care settings such as hospitals, clinics, and research labs, which is growing the market size dynamically. In addition, the growing use of personal protective equipment (PPEs) to safeguard patients at high risk of infection from chemicals and infectious material brought in by visitors and healthcare professionals has an impact on market share. Price volatility, on the other hand, is a major impediment to market expansion, as is the demand-supply imbalance in raw materials required for producing PPE.
Cumulative Growth Analysis:
The global personal protective equipment market is expected to grow at a CAGR of 6.1 percent, from USD 94.17 Billion by 2030. The personal protective equipment market is being driven by the adoption of a strict regulatory framework for worker safety. In a hazardous work environment, personal protective equipment is worn to defend against health risks. The base year for this report is 2016, and the projection period is from 2017 to 2025.
Value Chain Analysis:
Over the projected period, rising awareness about hygiene to prevent pathogen transmission in healthcare institutions is expected to fuel demand for the personal protective equipment market (PPE). In 2020, some countries implemented strict measures in response to the Covid-19, such as the United States' Families First Coronavirus Response Act, which protects public health professionals, establishes free testing, provides paid leave, and provides substantial advantages to children and families.
In 2020, the hand protection product segment accounted for over 28% of total revenue and is predicted to expand at a stable CAGR during the forecast period. In the construction, food processing, oil & gas, healthcare, and metal fabrication industries, risks connected with caustic chemicals, handling warm objects, and heavy-duty equipment are projected to drive demand for protective gloves.
In 2020, the healthcare end-use sector dominated the personal protective equipment market, accounting for approximately 29% of total revenue. Over the forecast period, the segment will maintain its dominance by increasing at the fastest CAGR. End-users assess a variety of factors when selecting protective gear, including the material used and the covering it provides, seam barrier characteristics, and other features such as closures. Due to the rapid spread of the coronavirus, the need for protective apparel, particularly coveralls and gowns, has grown in the United States.
In Russia, part of the reform strategy is to upgrade the public healthcare system and infrastructure, as well as invest in new facilities. Medical equipment and devices are projected to be in high demand as a result of these advances. Because of the country's rapidly expanding medical industry, demand for hand protection equipment such as disposable and durable gloves is expected to grow significantly.
Personal Protective Equipment Market Competitive Landscape:
Due to the development of value-added features, product prices in the above-the-neck PPE market are likely to increase moderately over the forecast period. Anti-fog coatings, for example, are expected to raise the price of prescription eyewear by a little amount. Furthermore, due to the rising need for durable and personalised equipment, businesses are changing their focus toward producing stylish as well as comfy products.
Honeywell International Inc. introduced a new line of single-use moulded masks in May 2016. The product is utilised in a variety of industries, including general industry and construction.
|Market Size||USD 94.17 billion|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Product, Industry, Hazard|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||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), Sioen Industries NV (Belgium)|
|Key Market Opportunities||The PPE market has been continually witnessing several developments, including the adoption of industrial safety solutions in various verticals.|
|Key Market Drivers||
global personal protective equipment market is expected to grow at 6.1% CAGR from 2020 to 2030
Metric AG & Co. KG., ANSELL LTD, MSA, Alpha Pro Tech, 3M, Lakeland Inc., Delta Plus Group, Kimberly-Clark Worldwide, Inc. (KCWW), Honeywell International Inc., Radians, Inc., DuPont, and Sioen Industries NV are key players of the global personal protective equipment market.
Hand and arm protection can hold a large market share owing to its use in protecting the skin against burns and other injuries.
The manufacturing industry can command a huge share of the market.
North America can dominate the market till 2030.
Focus on safety of industrial and healthcare workers is the major driver of the global personal protective equipment market.