Personal Protective Equipment Market| Trends, Share, Growth Rate, Opportunities and Industry Forecast
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Published: 2024-06-18 16:06:25

The Report "Personal Protective Equipment Market by Type (Hand & Arm Protection, Protective Clothing, Foot & Leg Protection), End-use Industry (Manufacturing, Construction, Oil & Gas, Healthcare, Transportation, Firefighting, Food), Region - Global Forecast to 2028", size was USD 54.0 billion in 2023 to USD 69.4 billion by 2028, at a CAGR of 5.1% from 2023 to 2028.

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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218 – Tables
47 – Figures
250 – Pages

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Personal Protective Equipment Market Key Players

The key market players identified in the report are 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).

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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"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.

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"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. 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.

TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 35)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
           1.2.1 PERSONAL PROTECTIVE EQUIPMENT MARKET: INCLUSIONS AND EXCLUSIONS
           1.2.2 PERSONAL PROTECTIVE EQUIPMENT MARKET: DEFINITION AND INCLUSIONS, BY TYPE
           1.2.3 PERSONAL PROTECTIVE EQUIPMENT MARKET: DEFINITION AND INCLUSIONS, BY END-USE INDUSTRY
    1.3 MARKET SCOPE 
           1.3.1 PERSONAL PROTECTIVE EQUIPMENT MARKET SEGMENTATION
           1.3.2 REGIONAL SCOPE
    1.4 YEARS CONSIDERED 
    1.5 CURRENCY CONSIDERED 
    1.6 UNITS CONSIDERED 
    1.7 STAKEHOLDERS 
    1.8 SUMMARY OF CHANGES 
           1.8.1 IMPACT OF RECESSION
 
2 RESEARCH METHODOLOGY (Page No. - 42)
    2.1 RESEARCH DATA 
          FIGURE 1 PERSONAL PROTECTIVE EQUIPMENT MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
           2.1.2 PRIMARY DATA
                    2.1.2.1 Primary interviews–demand and supply sides
                    2.1.2.2 Key industry insights
                    2.1.2.3 Breakdown of primary interviews
    2.2 MARKET SIZE ESTIMATION 
           2.2.1 BOTTOM-UP APPROACH
                    FIGURE 2 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE) - COLLECTIVE SHARE OF KEY COMPANIES
                    FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE) - COLLECTIVE REVENUE OF ALL PRODUCTS (BOTTOM-UP)
                    FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3 (DEMAND SIDE) - END-USE INDUSTRY (BOTTOM-UP)
    2.3 DATA TRIANGULATION 
          FIGURE 5 PERSONAL PROTECTIVE EQUIPMENT MARKET: DATA TRIANGULATION
    2.4 GROWTH RATE ASSUMPTIONS/GROWTH FORECAST 
           2.4.1 SUPPLY-SIDE ANALYSIS
                    FIGURE 6 MARKET CAGR PROJECTIONS FROM SUPPLY SIDE
           2.4.2 DEMAND-SIDE ANALYSIS
                    FIGURE 7 MARKET GROWTH PROJECTIONS FROM DEMAND-SIDE DRIVERS AND OPPORTUNITIES
    2.5 FACTOR ANALYSIS 
    2.6 IMPACT OF RECESSION 
    2.7 ASSUMPTIONS 
    2.8 LIMITATIONS 
    2.9 RISK ASSESSMENT 
          TABLE 1 PERSONAL PROTECTIVE EQUIPMENT MARKET: RISK ASSESSMENT
 
3 EXECUTIVE SUMMARY (Page No. - 53)
    FIGURE 8 HAND & ARM PROTECTION TO ACCOUNT FOR LARGEST SHARE OF PERSONAL PROTECTIVE EQUIPMENT MARKET
    FIGURE 9 MANUFACTURING SECTOR TO BE LARGEST END USER OF PERSONAL PROTECTIVE EQUIPMENT DURING FORECAST PERIOD
    FIGURE 10 NORTH AMERICA ACCOUNTED FOR LARGEST SHARE OF PERSONAL PROTECTIVE EQUIPMENT MARKET IN 2022
 
4 PREMIUM INSIGHTS (Page No. - 56)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN PERSONAL PROTECTIVE EQUIPMENT MARKET 
          FIGURE 11 RISING AWARENESS ABOUT WORKPLACE SAFETY PROPELLING MARKET GROWTH
    4.2 PERSONAL PROTECTIVE EQUIPMENT MARKET, BY REGION 
          FIGURE 12 ASIA PACIFIC TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
    4.3 NORTH AMERICA: PERSONAL PROTECTIVE EQUIPMENT MARKET, BY TYPE AND COUNTRY 
          FIGURE 13 US DOMINATED NORTH AMERICA PERSONAL PROTECTIVE EQUIPMENT MARKET IN 2022
    4.4 PERSONAL PROTECTIVE EQUIPMENT MARKET, BY END-USE INDUSTRY AND REGION 
          FIGURE 14 MANUFACTURING SEGMENT LED PERSONAL PROTECTIVE EQUIPMENT MARKET IN MOST REGIONS
    4.5 PERSONAL PROTECTIVE EQUIPMENT MARKET, BY KEY COUNTRIES 
          FIGURE 15 INDIA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
 
5 MARKET OVERVIEW (Page No. - 59)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 


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