Personal protective equipment is a safety tool used by workers to protect against hazards at the workplace. Protective clothing, respiratory protection, head eye and face protection, hearing protection, fall protection, professional footwear, and hand protection are some of the personal protective equipment.
The global personal protective equipment market is projected to surpass US$ 55 billion by the end of 2027, in terms of revenue, growing at CAGR of 8.3% during the forecast period (2020 to 2027).
Drivers
High demand for personal protective equipment from the chemical industry is projected to propel the market growth. In the chemical industry workers are required to safeguard themselves from hazardous chemicals as these chemicals lead to various health issues. Increasing investment by government on the worker's safety in the chemical industry is another major factor augmenting the market growth of the personal protective equipment.
Growing awareness regarding the importance of workplace safety is expected to drive the market growth of the personal protective equipment. The growing need for respiratory equipment across mining industry coupled with the increasing instance of hand injuries at the workplace is also projected to spur demand for the hand personal protective equipment such as gloves over the forecast timeframe. Hence, growing awareness regarding the importance of workplace safety is projected to foster the market growth.
Regionally, Europe dominated the global personal protective equipment market in 2019, reporting 33% market share in terms of revenue, followed by North America and Asia-pacific, respectively.
Figure 1. Global Personal Protective Equipment Market, Revenue Share (%), By Region, 2019
Market Restraints
Availability of low quality and inexpensive products in the market due to the large presence of local players is leading to intense competition in the industry. Due to this premium brands are facing stiff competition from these local players. This is expected to hamper the market growth of personal protective equipment.
The high cost of specialized clothing coupled with the lack of knowledge regarding workplace safety among workers in developing region is hindering the market growth of personal protective equipment.
| Report Coverage | Details | ||
|---|---|---|---|
| Base Year: | 2019 | Market Size in 2019: | US$ 55 Bn |
| Historical Data for: | 2016 to 2019 | Forecast Period: | 2020 to 2027 |
| Forecast Period 2020 to 2027 CAGR: | 8.3% | 2027 Value Projection: | US$ 195 Bn |
| Geographies covered: |
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| Segments covered: |
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| Companies covered: |
3M Co., Alpha Pro Tech, Ltd., Ansell Ltd., Avon Rubber P.L.C., Jal Group, Cofra Holding Ag, Oftenrich Holdings Company Limited, Honeywell Safety Products, Rock Fall Ltd. And Uvex Safety Group |
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| Restraints & Challenges: |
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Market Opportunities
Growing demand for disposable protective clothing across the end-user industry such as healthcare where these clothes cannot be reuse in order to reduce contamination is expected to create potential opportunities. Rising prevalence of various infectious disease coupled with the growing need for healthcare worker safety across hospitals is further anticipated to foster the market growth of the personal protective equipment over the forecast period.
Increasing production capacity of the PPE by manufacturers to cater to rising need in the outbreak of COVID-19 pandemic is creating lucrative opportunities. For instance, in March 2020, Aspen Surgical Products, Inc. announced that it is further increasing production capacity for the Precept brand of personal protective equipment (“PPE”) to help support COVID-19 relief efforts in North America to cater to high demand for facial protection from the outset of COVID-19.
Figure 2. Global Personal Protective Equipment Market – Opportunity Analysis
Market Trends
Upgrading safety standards by ANSI and the EU is encouraging manufacturers to improve the durability and functional property of the PPE. Moreover, increasing focus of manufacturers to promote their brand on social media due to the growing trend of digitalization around the globe is further expected to propel the market growth of the personal protective equipment. Social media effectively helps to reach the target customers.
The construction industry across the Asia Pacific region is experiencing robust growth and is expected to be the most profitable sector for the PPE industry. Increasing launch of protective equipment such as eyewear protection, hard hats, protective coveralls, safety boots, and face shields by the manufacturer for workers engaged in construction industry is expected to be one of the current trends in the market and this is projected to augment the market growth over the forecast period.
Figure 3. Global Personal Protective Equipment Market, Revenue Share (%), By Application, in 2019
On the basis of application, manufacturing the global personal protective equipment market in 2019 with around 20% of market share in terms of revenue, followed by others and construction, respectively.
Global Personal Protective Equipment Market - Impact of Coronavirus (Covid-19) Pandemic
World Health Organization (WHO) is focusing on working with governments and industry to boost the production rate of PPEs. According to WHO estimates, in order to meet the rising global demand, manufacturers are required to increase the PPE production by 40%. Governments are focusing on easing restrictions on the export and distribution of personal protective equipment and other medical supplies to ramp up production. This is expected to fuel the growth of personal protective equipment market in next few years till mid quarter of 2022.
Competitive Section
Key players are operating in the global personal protective equipment market are 3M Co., Alpha Pro Tech, Ltd., Ansell Ltd., Avon Rubber P.L.C., Jal Group, Cofra Holding Ag, Oftenrich Holdings Company Limited, Honeywell Safety Products, Rock Fall Ltd. And Uvex Safety Group
Few Recent Developments
Personal protective equipment (PPE) are equipment that protect the user from various injuries such as lung problems due to breathing contaminated air and eye and skin problems due to corrosive materials among others. These include items such as protective clothing, safety footwear, helmet, gloves, and eye protection products. PPE reduces the user against occupational hazards such as chemical, physical and biological, when administrative and engineering controls are not effective or feasible to reduce these risks to acceptable levels.
Market Dynamics
The global personal protective equipment market has witnessed significant growth in recent past years, owing to the outbreak of COVID-19 pandemic which has increased the demand for PPE products including masks, respirators, protective clothing, and gloves. Companies involved in various sectors such as manufacturing, chemicals, food & beverages, construction and others, aerospace, etc. are supplying PPE to their employees to protect them from the sudden outbreak of the pandemic COVID-19.
Furthermore, the growth of the personal protective equipment market is driven by rising awareness of safety and stringent government regulations regarding the use of personal protective equipment and safety. In addition to this, the manufacturers are working at 100% capacity to supply PPE across the regions owing to the increasing demand-supply gap. This is expected to propel the growth of the personal protective equipment market in this region.
Key features of the study:
Detailed Segmentation:
“*” marked represents similar segmentation in other categories in the respective.
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