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Personal Protective Equipment Market is Projected to Reach US$ 100.3 Billion by 2032

Personal Protective Equipment Market

Historically, from 2015 to 2021, the personal protective equipment (PPE) market grew at a 4.8% CAGR. Sales of personal protective equipment were $51.5 billion in 2021, and by the end of 2022, sales are expected to top $53 billion. The adoption of strict regulatory guidelines for worker safety and employee protection has increased demand for personal protective equipment. The necessity for protective gear is a major driver of the market demand for PPE due to rising employee safety awareness.

Particularly for workers in the hospitality and construction industries, personal protection equipment is thought to be the best choice for protecting employees against unintentional mishaps.

To obtain a competitive advantage, PPE makers are developing unique solutions to prevent skin, face, and respiratory injuries while working in industrial situations. Based on the aforementioned variables, it is anticipated that the personal protective equipment market will approximately quadruple during the projected period and surpass US$100 billion by 2032.

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Additional factors driving the growth include rising awareness of workplace health and safety as well as an uptick in industrial fatalities. Commercially accessible items include helmets, safety footwear, protective apparel, safety goggles, goggles, earplugs, protective gloves, and body harnesses, notably on internet shopping sites. As a result, important firms are working with e-commerce behemoths like Amazon, e-Bay, and Alibaba to take advantage of the expanding demand.

Personal protective equipment (PPE) must be used to protect workers’ personal safety due to rising workplace fatalities and risks. For instance, the fatality rate from accidents in the oil and gas industry reduced by 8.1% from 33.5% in the year 2017 to 31.7% in the year 2018, according to IOGP, the International Oil and Gas Producers Association.

As a result, major corporations are investing in the creation of protective gear and providing advantageous initiatives to increase their consumer base. For instance, in May 2021, the Kimberly-Clark Company donated 1 million face masks and a variety of cleaning supplies to a public school in Roswell, USA.

Key Takeaways:

  • With almost 29% of the total market share, North America is expected to dominate foreign sales.
  • The United States and Canada are anticipated to lead the way in occupational health and safety and develop into attractive markets for suppliers of personal protective equipment.
  • The Asia-Pacific PPE market is anticipated to grow at a CAGR of 6.5% from 2022 to 2032.
  • Based on product category, hand and arm protection will make up 25% of overall sales due to growing applications in mining and construction projects.
  • The pharmaceutical industry is anticipated to contribute 30% of market revenue in terms of end-use industry.

Growth Drivers:

  • Rising workplace fatalities coupled with increased awareness of work-related health and safety measures among workers and manufacturers will drive growth in the market.
  • With growing prevalence of hospital acquired infections, the demand for different protective gear, from clothing to ventilators will bolster the growth.

Restraints:

  • Availability of low quality personal protective goods might limit the sales.
  • Lack of awareness regarding the safety of workers in mining and other hazardous places, especially in emerging economies, might impede the growth.

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Competitive Landscape:
Market leaders are focusing on improving their client base abroad by introducing new products and expanding their manufacturing capacities. These companies also rely on strategic joint initiatives to upsurge their share and effectiveness. Though, thanks to the technological progressions and merchandise innovations, small and medium enterprises (SMEs) are expanding their presence by signing new agreements.

For example,

  • In 2022, 3M announced a growth to its Valley, Nebraska facility. The business has invested approximately $58 million to stock an 80,000-square-foot expansion that is anticipated to create roughly 50 new jobs. The factory will manufacture respiratory protection and hearing protection merchandise.
  • In 2020, Honeywell International Inc. collaborated with the Carolina Panthers of the NFL & Honeywell International Inc. to provide customized packages of personal protective equipment for the Panthers fans and workforce. The company announced that it will create a safer stadium experience by providing a quality of Monitoring solution via real-time custom dashboards for building health.

Key Companies Profiled by Fact.MR

  • Honeywell International
  • 3M Company
  • E. I. du Pont de Nemours and Company
  • Kimberly-Clark Corporation
  • Ansell Limited
  • MSA Safety Inc.
  • Lakeland Industries Inc.
  • Alpha Pro Tech Ltd.
  • Sioen Industries NV
  • Radians Inc.
  • Avon Rubber P.L.C
  • Alpha Pro Tech Limited
  • JAL Group Italia SRL
  • COFRA SRL
  • Uvex Safety Group
  • Rock Fall (UK) Limited
  • Lindstrom Group
  • Mine Safety Appliances (MSA) Company
  • Mallcom (India) Ltd.
  • Lindstrom Group
  • Polison Corp.

More Valuable Insights on Personal Protective Equipment Market

In its latest research, Fact.MR highlights key features expected to improve the growth of the personal protective equipment market over the forecast period (2022-2032). The study also offers an in-depth study of the openings and drivers expected to drive sales of personal protective equipment through detailed subdivision as follows:

Type:

  • Head Protection
    • Class A Helmet
    • Class B Helmet
    • Class C Helmet
  • Hands & Arm Protection
    • Aluminized
    • Aramid Fiber
    • Butyl
    • Coated Fabric
    • Disposable
    • Fabric
    • Leather
    • Metal Mesh
    • Natural
    • Neoprene
    • Nitrile
    • Rubber Insulating
    • Synthetic
  • Foot & Leg Protection
    • Foot and Shin Guards Combination
    • Foundry Shoes
    • Leggings
    • Metatarsal Guards
    • Safety Shoes
    • Special Purpose Shoes
    • Toe Guards
  • Eye & Face Protection
    • Eye Spectacles
    • Face Shields
    • Goggles
    • Laser Safety Goggles
    • Welding Shields
  • Hearing Protection
    • Earmuffs
    • Pre Formed Earplugs
    • Semiaurals
    • Single Use Earplugs
  • Body Protection
    • Aprons
    • Coveralls
    • Full Body Suits
    • Laboratory Coats
    • Surgical Gowns
    • Vests and Jackets

End Use Industry:

  • Construction
  • Manufacturing
  • Oil & Gas
  • Chemicals
  • Food
  • Pharmaceuticals
  • Transportation
  • Maritime
  • Fire and Rescue
  • Defense
  • Mining
  • Agriculture

Regions:

  • North America
  • Europe
  • Middle East & Africa
  • South America

Key Questions Covered in the Personal Protective Equipment Market Report

  • Which are the issues faced by the personal protective equipment (PPE) market?
  • What is the anticipated market estimate of the PPE market in 2023?
  • Which are the factors that are influencing the sales of PPE in the year 2022?
  • What will be the demand outlook for the Personal Protective Equipment market during the forecast period?
  • Which region will lead the growth in the Personal Protective Equipment market during 2022-2032?
  • Which end use industry will generate maximum revenue in the Personal Protective Equipment market?

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