The Global Personal Protective Equipment Market- Growth, COVID-19 impact and Forecast (2021-2025)
The Personal Protective Equipment market is segmented by Product type (Hand Protection, Protective Clothing, Respiratory Protection, Protective Footwear and Others); End user (Healthcare, Manufacturing, Construction, Oil And Gas, Chemicals and Others); Geography (APAC, North America, Europe and ROW).
Introduction
Personal protective equipment (PPE) is equipment that protects 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.
The increasing number of COVID -19 cases, along with the rising industrial awareness of employee protection at the workplace, are the major factors driving the growth of the personal protective equipment market. However, sales of inexpensive and low quality products are likely hindering the market growth.
Table of Contents
Market Overview
The Global personal protective equipment (PPE) market is expected to have incremental growth of $37.80 billion during 2020-2025.
Growth momentum is expected to accelerate during the forecast period with 8.04% CAGR.
Increasing awareness regarding hygiene to avoid transmission of pathogens in healthcare facilities is expected to drive the demand for personal protective equipment (PPE) over the forecast period.
North America is dominating the market owing to developed end-use industries along with high product adoption in the healthcare sector.
Key Trends
Growing usage of biodegradable and recyclable materials in manufacturing PPE are likely to create opportunities for the market in the coming years.
Increasing technological advancements in the developing multipurpose PPE kit is expected to open new avenues for the market
Key Market Players
Some of the key players in the market are Honeywell International, DuPont, Lakeland Industries, 3M, Avon Rubber, Ansell.
Major players focus on mergers & acquisitions, expansion of their manufacturing facilities, infrastructural development, investments in R&D facilities, and are seeking opportunities to vertically integrate across the value chain. The key players are rigorously competing and offering custom solutions due to increasing demand for durable and customized equipment.
Growth Drivers and Challenges
Favorable occupational safety regulations act as a key driver for the market.
Rising demand for greater safety & security at workplace is driving the market growth.
Increasing number of manufacturing and construction projects all over the globe is fueling the market growth.
The development of PPE is capital intensive and R&D cost involved is high which is restraining the market growth
High raw material cost of these PPE is the key factor hampering the market demand.
Availability of low-cost and low quality PPE in the market is hindering the market growth