Personal Protective Equipment Market Worth $112.07 Billion By 2028

The global personal protective equipment market size is expected to reach USD 112.07 billion by 2028, registering a CAGR of 7.3%
 
PUNE, India - Aug. 12, 2022 - PRLog -- The global personal protective equipment market size is expected to reach USD 112.07 billion by 2028, registering a CAGR of 7.3% over the forecast period, according to a new report by Grand View Research, Inc. The upgrading of the public healthcare system and infrastructure coupled with investments in new facilities in developing economies is anticipated to drive the product demand over the coming years.

The stringent regulations imposed by the U.S. Department of Labor and Occupational Safety and Health Administration (OSHA) in the country have a positive impact on product demand from the end-use industries. In addition, the growing employee awareness related to personal safety has a significant influence on the increased penetration of personal protective equipment (PPE) in the country.

Constant innovations, in terms of production, such as the development of lighter, comfortable industrial protective equipment using premium-quality fabric, are projected to propel market growth. High demand for PPE, which combines safety with improved aesthetics and technological innovation, is further estimated to augment market growth.

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Personal Protective Equipment Market Report Highlights
  • Hand protection PPE accounted for the largest revenue share in 2020 and is expected to grow at a CAGR of 6.7% over the forecast period owing to the rising product demand on account of risks associated with corrosive chemicals, handling warm objects, and heavy-duty equipment
  • Protective footwear accounted for a significant market share and is expected to expand further at a steady CAGR over the forecast period on account of the increasing workplace fatalities
  • The oil & gas industry accounted for a significant share, in terms of revenue, in 2020 and is expected to witness a growth rate of 6.9% over the projected period owing to high accident risk in upstream and midstream activities in the industry
  • Growth in the food & beverage sector across the globe is projected to drive PPE demand over the forecast period
  • Companies are focusing on manufacturing branded and fashionable PPE owing to the increased demand for durable and customized products

Key Companies & Market Share Insights

Some prominent players in the global personal protective equipment (PPE) market include: Honeywell International, Lakeland Industries, DuPont, 3M, Ansell Ltd., Avon Rubber plc, COFRA S.r.l., Uvex Safety Group, Lindstrom Group, BartelsRieger Atemschutztechnik GmbH, Rock Fall (U.K.) Ltd., Mine Safety Appliances (MSA) Company, Radians, Polison Corp., Gateway Safety

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