In terms of value, the personal protective equipment market is estimated to grow from USD 54.0 billion in 2023 to USD 69.4 billion by 2028, at a CAGR of 5.1%. This report provides an in-depth analysis of the personal protective equipment market size, trends, drivers, restraints, competitive landscape, and future growth opportunities. Personal protective equipment (PPE) refers to specialized clothes or equipment meant to protect individuals from various health and safety threats in the workplace or other places. Personal protective equipment is chosen based on the specific hazards in each environment and should be fitted and maintained appropriately. Employers are normally responsible for providing suitable personal protective equipment (PPE) and training employees on how to make best use of it. Workers are responsible for wearing the specified PPE as directed to maintain their safety and well-being. The proper use of personal protective equipment (PPE) is a vital component of occupational safety and risk reduction.
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“Hand & Arm Protection was the largest type for personal protective equipment market in 2022 in terms of value.”
The personal protective equipment market is experiencing significant growth driven by many key factors. Hand & arm protection has attracted attention as a prospective type in the personal protective equipment market for several reasons. Hand and arm protection is necessary in a variety of industries, including manufacturing, construction, healthcare, oil & gas, food, transportation, firefighting, and others. Due to the variety of uses, protective gloves and sleeves are in high demand. Many industries entail actions that put the hands and arms at risk. Contact with chemicals, sharp objects, severe temperatures, and mechanical injuries are examples of potential dangers. As these industries grow, so does the demand for safety equipment.
“Manufacturing segment is estimated to be the largest end-use industry in personal protective equipment market in 2022, in terms of value.”
The personal protective equipment market has been gradually expanding, with increased manufacturing and infrastructural development. Most of the countries have witnessed industrial and manufacturing growth, resulting in an increased demand for personal protective equipment (PPE) to protect the rising workforce. This expansion has been particularly evident in emerging economies. These developments frequently require the use of specialized personal protective equipment. Manufacturing frequently employs many workers, all of them require appropriate personal protective equipment. The sheer size of the manufacturing workforce contributes to an increase in the demand for protective equipment in the manufacturing industry.
“North America was the largest region for the personal protective equipment market in 2022, in terms of value.”
The expansion of the personal protective equipment market in the North America region is primarily due to strict regulations regarding workplace safety. The North America healthcare sector is one of the largest in the world. The sector has a significant need for medical personal protective equipment (PPE), including gloves, masks, gowns, and face shields. On the other hand, Asia Pacific is projected to be the fastest growing region in this market during the forecasted period.
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The Asia Pacific area, which includes China, India, Japan, South Korea, and Southeast Asian countries, has experienced substantial economic expansion in recent decades. This expansion has resulted in greater industrialization, construction, and manufacturing activity, resulting in a significant demand for PPE to safeguard the expanding workforce.
Personal Protective Equipment Companies
The personal protective equipment market is evolving, with major players playing a vital role in developing new and advanced products. Honeywell International Inc. (US), DuPont de Nemours, Inc. (US), 3M Company (US), Ansell Limited (Australia), Kimberly-Clark Corporation (US), Lakeland Industries, Inc. (US), Alpha Pro Tech, Ltd. (Canada), Sioen Industries NV (Belgium), Radians Inc. (US), and MSA Safety Inc. (US) are key players in the personal protective equipment market. These players have adopted various growth strategies to strengthen their position in the market. These include new product launches, mergers and acquisitions, contracts, partnerships, and product development activities to further expand their presence in the personal protective equipment market.
Honeywell International Inc.
Honeywell International Inc. is a multinational company known for its diverse range of products and services, including a strong presence in the personal protective equipment (PPE) market. With a more than a century-long history, the company has gained a reputation for innovation and excellence in the manufacture of PPE goods. Honeywell International Inc. focus to individual safety and well-being is obvious in its comprehensive range of PPE options, which includes ranging from high-quality safety goggles, respiratory protection, and gloves to innovative hearing protection and headgear. For instance, in February 2022, Honeywell International Inc. announced a partnership with AstraZeneca to develop new-generation respiratory inhalers that use near-zero global warming potential propellants to treat chronic obstructive pulmonary disease (COPD) and asthma. This partnership will help the company to cover a broad range of markets. Moreover, in September 2020, the company announced that NFL’s Carolina Panthers and Honeywell International Inc. have collaborated to create a safer stadium experience by offering individual personal protective equipment packs for Panthers staff and fans, as well as deploying air quality monitoring solutions, through a custom real-time Healthy Buildings dashboard. The partnership will help the company to develop infinite possibilities in the personal protective equipment market with modern technology.
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3M Company
3M Company is one of the top producers and creators of personal protective equipment and industrial products worldwide. The company’s commitment to safety and well-being can be seen in its extensive PPE options, which include high-quality respiratory protection, safety glasses, hearing protection, and a wide range of additional safety solutions. The company offers a comprehensive range of PPE products that cater to diverse industries, from healthcare, manufacturing, construction, oil & gas, food, transportation, firefighting, and others. The Company expands certain businesses from time to time which are aligned with its strategic intent with respect to, among other factors, growth markets and adjacent product lines or technologies. For instance, in May 2022, the company announced an expansion to grow its plant in Valley, Nebraska. The Company is investing approximately USD 58 million to fund the 80,000 square foot expansion that is expected to create approximately fifty new jobs at the facility. This facility is expected to produce respiratory and hearing protection products.
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