DUBLIN--(BUSINESS WIRE)--The "Personal Protective Equipment Market - Global Outlook & Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.
The global personal protective equipment market is projected to witness significant growth with an expected Compound Annual Growth Rate (CAGR) of 7.73% from 2022 to 2028. Several key trends and opportunities are driving the expansion of this market.
Key Market Trends and Opportunities
Growing Concerns Related to Industrial Incidents: The use of PPE is on the rise worldwide to reduce workplace accidents caused by various hazards. PPE acts as a barrier between workers and hazardous elements, contributing to safer work environments.
Emerging Demand for Packaged Food: The food industry emphasizes proper hygiene and safety in food handling, preparation, and transportation. The use of appropriate PPE ensures cleanliness, quality, and customer safety, safeguarding companies' brand reputations.
Growing Healthcare Industry: The healthcare sector's growth is driving the adoption of PPE to protect medical professionals and patients. Genetic testing and biotechnology applications further contribute to the demand for protective equipment.
Emerging Construction Industry: The construction sector demands PPE to enhance worker safety, particularly in hazardous environments. Workers in this industry require various protective gear to prevent injuries.
Market Segmentation
The global personal protective equipment market is segmented based on various factors:
- Product: Reusable and Disposable PPE.
- Protection Type: Protective Clothing, Face Protection, Foot Protection, Head Protection, Hand Protection, and Other Protection.
- Application: Chemical Protection, Flame Retardant, Life Science Protection, and Other Applications.
- End-user: Oil & Gas, Chemical, Pharmaceutical & Healthcare, Aerospace & Defense, Automotive, Food & Beverage, and Other Industries.
Dominant Product and Protection Types
Product: The reusable PPE segment dominates the market due to sustainability awareness, raising demand for reusable products. However, the disposable PPE segment is growing at a higher CAGR due to its durability and safety advantages.
Protection Type: Protective clothing is the largest product segment, driven by rising accidents and injuries. Hand protection is growing rapidly due to the need for personal protective gloves to prevent injuries from abrasions, cuts, burns, and chemical reactions.
End-User Segmentation
- Oil & Gas: The oil & gas sector holds the largest market share in the PPE industry. The sector's dependency on petroleum-based products and the need for high-quality PPE contribute to its dominance.
Geographical Analysis
- North America: North America led the market in 2022 due to its developed industrial infrastructure and widespread PPE adoption across sectors. Strict regulations and compliance contribute to high product penetration.
Competitive Landscape
Key players in the PPE market focus on innovation, joint ventures, and mergers to enhance product quality. Product innovation and partnerships drive demand for PPE. For instance, collaborations aim to ensure a secure supply chain for medical supplies, including medical gloves.
Key Company Profiles
- 3M
- Honeywell
- Kimberly Clark Corporation
- MSA Safety Incorporated
Other Prominent Vendors
- Avon Rubber PLC
- Ansell
- Cardinal Health
- Lakeland
- DuPont
- Alpha Pro Tech
- Dynarex Corporation
- W.W. Grainger Inc.
- Wurth Group
- Radians Inc.
- Gateway Safety, Inc.
- Sioen
- Bunzl
- TenCate
- Gore
- Global Industrial
- Global Glove and Safety
- Mallory
- DeWALT
- Momentum Group
- Wenass
- PBI Fabrics
- PIP Global
- Sanctum Workwear
- Alexandra
- ASATEX
- Bennett Safetywear
Market Dynamics Recapped
- Opportunities & Trends
- Rising Demand for Sustainable Products
- Growing Concerns Related to Industrial Incidents
- Emerging Demand for Packaged Food
- Growth Enablers
- Growing Healthcare Industry
- Emerging Construction Industry
- Rising Fire Incidents
- Restraints
- Tough Competition Post COVID-19
- Disruption in Value Chain
- Fluctuations in Raw Material Prices
In conclusion, the global personal protective equipment market is set to grow due to concerns related to industrial incidents, emerging demand in various industries, and the need for safety and hygiene. Dominant product and protection types, end-user segments, and geographical analysis shape the trajectory of the market.
Key Topics Covered
1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
5 Report Assumptions & Caveats
6 Premium Insights
7 Market at a Glance
8 Introduction
9 Market Opportunities & Trends
10 Market Growth Enablers
11 Market Restraints
12 Market Landscape
13 Product
14 Protection
15 Application
16 End-user
17 Geography
18 North America
19 APAC
20 Europe
21 Latin America
22 Middle East & Africa
23 Competitive Landscape
24 Key Company Profiles
25 Other Prominent Vendors
26 Report Summary
27 Quantitative Summary
28 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/xbunx8
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