The PPE market is estimated to reach US $ 85.31 billion by 2030 from a market value of US $ 54.90 billion in 2022 and is expected to grow at a CAGR of 6.5% during the 2022-2030 forecast period.
Personal Protective Equipment (PPE) is a tool that guarantees basic health and safety protection for users. PPE is an instrument or device designed to be worn by an individual to minimize exposure to the risk of causing serious injury or illness in the workplace. Personal protective equipment includes protective equipment, face shields, surgical masks, protective goggles, shoes and disposable gloves. The epidemic of the COVID-19 pandemic threatens healthcare systems around the world. The adoption of a strict regulatory framework for worker safety and the increase in COVID-19 cases worldwide are several factors driving the growth of the personal protective equipment (PPE) market during the forecast period.
According to Worldometer, the number of confirmed coronavirus-positive cases was 580 on January 22, 2020, and increased to 2.5 million positive coronavirus cases worldwide on April 21, 2020. In addition, the introduction of products and strategic alliances by various market players creates favorable opportunities for the growth of this market. According to the company’s news release on April 15, 2020, DuPont launched #TyvekTogether. This is a new program that increases the overall availability of Tyvek® personal protective equipment to combat the COVID-19 epidemic and protect healthcare professionals. However, the high prices of specialty clothing could curb the growth of the global personal protective equipment market during the forecast period.
Personal Protective Equipment ( PPE) Market Segment
The PPE market is by type (hand and arm protection, protective clothing, foot and leg protection, breathing protection, eye and face protection, head protection, etc.) and end-use industry (manufacturing). , Construction, oil and gas, healthcare, transportation, firefighting, food, etc.) and by region. These segments are further subsegmented based on a variety of factors and consist of some additional information about the market, such as the combined annual growth rate of each segment and subsegment, the market value and volume of the valuation period.
Based on type, the personal protective equipment market is divided into hand and arm protection, protective clothing, foot and leg protection, respiratory protection, eye and face protection, head protection and more. The hand and arm protection segment is expected to lead the personal protective equipment market during the forecast period. This is due to its growing use in the manufacturing, healthcare and construction industries.
Regional Overview of the Personal Protective Equipment ( PPE) Market
North America is the world’s leading region in the market. This is due to the existing infrastructure and the major players in the region. In addition, the growth of the PPE market in the region is driven primarily by heightened awareness of safety and regulation requiring the use of personal protective equipment in various industries. Meanwhile, the Asia Pacific personal protective equipment (PPE) market is expected to show the highest growth rate / CAGR during the forecast period (2022-2030). This growth is due to the rapidly growing manufacturing and transportation industries in the region.
These regional segments are North America (US and Canada); Asia Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Singapore, Other Asia Pacific); Latin America (Brazil, Mexico, Argentina, etc.) Latin America); Middle East and Africa (Israel, GCC [Saudi Arabia, Arab Emirates, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, and other Middle East and Africa) and Europe (UK, Germany, France, Italy) , Spain, Hungary, Belgium, Netherlands, Luxemburg, NORDIC, Poland, Turkey, Russia and other Europe) and more.
A major key player in the personal protective equipment ( PPE) market
Key players in the PPE market include Honeywell International Inc., EI Dupont De Nemours and Co., 3M Co., Kimberly-Clark Corporation, Ansell Limited, MSA Safety Inc., Lakeland Industries, Inc., Alpha Pro Tech, Ltd., Sioen Industries NV, Radians, Inc. and others. This study includes a detailed competitive analysis of these key companies in the PPE market, company profiles, recent developments, and key market strategies.