The Personal Protective Equipment Market, estimated at USD 77.86 Bn in 2025, is expected to exhibit a CAGR of 9.38% and reach USD 145.84 Bn by 2032.
The Consumer Goods sector remains a vital driver of global growth, as organizations respond to evolving consumer expectations with sustainable practices, ethical production, and innovative product development. At the same time, advances in e-commerce, digital transformation, and supply chain optimization are reshaping the industry landscape, enhancing competitiveness, and unlocking new opportunities for long-term growth and collaboration.
Global Personal Protective Equipment Market- Drivers
Rising workplace safety regulations across different manufacturing sector is expected to drive the market growth of the personal protective equipment. Increasing workplace accidents has created a huge demand for personal protective equipment. These are used in manufacturing industries such as oil and gas, pharmaceutical, construction, and others as people working across these industries are highly prone to injuries due to risky working environment.
Global Personal Protective Equipment Market- Opportunities
Growing manufacturing industries across the Asia Pacific region is expected to create new market opportunities over the forecast period. According to the India Brand Equity Foundation, the manufacturing sector of India is estimated to reach US$ 1 trillion by 2025, and India is expected to rank amongst the top three growth economies and manufacturing destinations of the world by 2020. Hence, growing manufacturing industries is expected to boost the market growth of personal protective equipment.
Global Personal Protective Equipment Market- Restraints
Increasing automation across various end user industries is eliminating the need for labor, and thus, reducing the number of workers. This is reducing the adoption of personal protective equipment, thereby, hindering the market growth over the forecast period. Hence, rising popularity of automation across manufacturing industries is expected to hamper the market growth of personal protective equipment.
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Key Takeaways
On the basis of application, pharmaceuticals segment dominated the global personal protective equipment market in 2022, accounting for 35% of market share, in terms of revenue, followed by others and construction, respectively.
Global Personal Protective Equipment Market- Trends
Increasing investment by key market players in PPE is a key trend in the market, and this is expected to drive the market growth. For instance, in June 2020, Denplan, a part of Simplyhealth, announced that investment of US$ 2.15 million to provide essential, fully-certified personal protective equipment (PPE) to help its Denplan member dentists get safely back to work and protect and care for their patients. Such investment by major players is expected to drive the market growth over the forecast period.
Distribution agreements among manufacturers is one of the growing trends in the market, and this is expected to drive the market growth over the forecast period. For instance, in June 2020, Maskco Technologies, Inc., announced a joint venture distribution agreement with Gredale, LLC, a U.S.-based manufacturer of medical-grade isolation gowns and distributor of personal protection equipment and textiles, to manufacture personal protection equipment. Under terms of this agreement, Gredale, LLC, will distribute Maskco Technologies’ MTech Respirators for a period of two years.
Global Personal Protective Equipment Market - Impact of Coronavirus (COVID-19) Pandemic
According to World Health Organization (WHO), severe and mounting disruption to the global supply of personal protective equipment (PPE), owing to rising demand, panic buying, hoarding and misuse, can put many lives at risk from the new coronavirus (Covid-19) Pandemic and other infectious diseases. This factor is expected to drive the global personal protective equipment market growth.
Global Personal Protective Equipment Market- Competitive Section
Major players operating in the global personal protective equipment market include 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
Global Personal Protective Equipment Market- Recent Developments
- In November 2019, Ansell Limited, partnered with ProGlove, a provider of industrial wearables, in order to develop hand protection solutions by using technology to ensure the right personal protective equipment (PPE) compliance in the workplace.
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