Personal protective equipment PPE Industry CAGR 8.1% (2022-2029). It is estimated to be worth USD 110.85 billion by 2029
Personal protection equipment Market Overview:
The global personal protective equipment market was worth USD 110.85 billion in 2020. Between 2020 and 2029, the market will grow at an 8.1% compound annual growth rate. Personal protective gear (PPE) will be in demand since more people are aware of the necessity of cleanliness to prevent transmission to health facilities. Many countries have taken stringent steps to prevent the spread of the illness.
The Families First Coronavirus Response Act (U.S.) is a law that provides protection for health workers in the public sector as well as paid leave and free screening included one of these. In the year 2020, the PPE market was stimulated due to increased production in the United States and restraints on product imports.
Factors that influence the personal protective equipment market:
Personal protective equipment can increase the risks of work and deaths
Workers must wear personal protective equipment in order to avoid an increase in accidents at work and deaths. According to the International Association of Oil & Gas Producers, there was an 8 percent decrease in fatal accident rates for oil and gas production from 33 percent to 31 percent in 2017 and a decrease of 31% in deaths. NIOSH issued guidelines to decrease the risk of such fatalities. It recommended conducting a hazard assessment at the well site, training workers about the hazards associated with gauging tanks, as well as using respiratory protection like self-contained breathing apparatus.
Personal protective equipment, Market Restraining factors:
The danger of counterfeits substitutes, substandard quality, and substitute products
Market growth may be hindered due to the lack of awareness in the minds of consumers regarding workplace hazards in addition to selling low-quality, inferior, and inexpensive products. The market for safety footwear used in industrial settings could be affected by counterfeit, substandard, and inferior products. They must be controlled for quality as they are designed by regulatory bodies to combat an unorganized industry.
Market Trends in Personal Protective Equipment:
The U.S. glove industry is striving to make the planet safer as well as cleaner and greener. Millions of used gloves end up in landfills each year, which causes soil contamination. Globus, Showa, and Globus have launched eco-friendly disposable nylon gloves. This promotes the sustainable development of products. Designers and manufacturers of gloves are able to reduce their energy usage, as well as their carbon footprint by altering existing equipment. Businesses can also offer 100% recycled packaging for containers for inner dispensers or cases.
Personal Protective Equipment Recent Innovations
In 2021, Honeywell purchased Norcross Safety Products L.L.C. for USD 1.2 billion Honeywell bought Norcross Safety Products L.L.C. (a producer of PPE). The acquisition will provide Honeywell with a platform in the fragmented global market that could offer significant growth opportunities. Honeywell's investment in Norcross will allow it to gain entry into the highly-regulated market of industrial safety.
Personal protective equipment Key Companies:
The personal protective equipment market is made up of Honeywell, 3M, DuPont, Drager, Msa Safety, Ansell, Kimberly-Clark, Delta Plus, Protective Industrial Products, Moldex-Metric, Avon Rubber, COFRA, and other important players
Personal protection equipment Market Segmentation
The latest PPE market forecast has been segmented by product, industry, risks, and regions. This product segment is divided into protective clothing and protection for hands and arms, feet & leg protection equipment, and respiratory protection equipment. The majority of market share is taken by the protection of arms and hands segment.
FAQ:
Who are the intended users of PPE?
Which industries use the most PPE?
What personal protection gear are you required to have for each shop?
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