Personal Protective Equipment (PPE) Market Forecasts to 2028 - Global Analysis By Product (Head Protection, Hearing Protection and Other Products), Application (Manufacturing, Healthcare, Construction and Other Applications) and Geography

According to Stratistics MRC, the Global Personal Protective Equipment (PPE) Market is accounted for $99.56 billion in 2022 and is expected to reach $164.24 billion by 2028 growing at a CAGR of 8.7% during the forecast period. The phrase "personal protective equipment" (PPE) refers to a group of wearable tools and accessories that shield users from a variety of potential workplace dangers. It mostly consists of protective gear for the head, feet, face, eyes, and ears. To offer optimum protection against risks and accidents, workers are required to wear hard hats and safety boots with traction-resistant bottoms that can withstand punctures. PPE is therefore widely used in labor-intensive industries including chemical, oil and gas, construction, and pharmaceutical, where accidents involving physical, chemical, mechanical, and radioactive materials might happen.

According to the Bureau of Labor Statistics (BLS) reported 5,147 workplace fatalities in the US in 2017. Among these fatalities, 887 were due to fatal falls, which is the highest level reported in the 26-year history of the Census of Fatal Occupational Injuries.

Market Dynamics:

Driver:

Stringent regulations in developed economies

In response to the lack of face shields, protective gloves, and other PPE for healthcare professionals as personal protective equipment (PPE) as directed by the Centers for Disease Control and Prevention (CDC) to cover the front and side of a face during the COVID-19 pandemic, the U.S. Food and Drug Administration issued the Emergency Use Authority (EUA) under section 564 of the federal Food, Drug, and Cosmetic Act. These PPE kits aid in preventing the spread of SARS-Cov-2 from patients to healthcare workers and the other way around. In comparison to a mask, the face shield offers superior protection because it lowers the possibility of self-contamination and allows for non-verbal facial communication.

Restraint:

Reduced demand due to decreasing Covid-19 cases

The Covid-19 epidemic is to blame for the sudden increase in demand for face masks. The WHO predicts that the pandemic will cease when roughly 70% of people worldwide have received vaccinations. The transmission of novel viral variations and the length of time the immune system can provide protection following immunisation or recovery from infection are two important factors that are predicted to have a substantial impact on how the pandemic develops. The worldwide regulations requiring the use of face masks, face shields, PPE kits, and other equipment are anticipated to be withdrawn with the end of the Covid-19 epidemic. As a result, there may be a sharp fall in the demand for personal protective equipment, which would restrict the market's future growth.

Opportunity:

Growing healthcare industry in emerging economies

Significant prospects exist for industry participants in personal protective equipment in emerging economies. The Asia Pacific region is predicted to have around half a billion people aged 65 or older, according to the United Nations World Population Prospects. These economies' rapidly ageing populations, large patient populations, rising per capita incomes, and expanding public awareness are the key factors driving the need for enhanced healthcare services in these countries. The demand for healthcare and health insurance is rising as a result of an expanding middle class and emerging disorders like COVID-19. The rising demand for healthcare has had a considerable positive impact on the private sector. This is a positive development for the market for personal protective equipment and the use of face masks, face shields, protective apparel, protective gloves, and other items in the healthcare sector.

Threat:

Increased comfort along with functionality

Making comfortable, multipurpose personal protection equipment is one of the biggest issues facing makers of such equipment. Customers require equipment with greater features as a result of the changing nature of applications. Customers are concentrating on purchasing multipurpose fire-resistant protective apparel that can perform multiple tasks. The current challenge in the market is to employ the right materials and textiles to make protective clothing and gloves more comfortable for the people using them without sacrificing the functionality.

Covid-19 Impact

The COVID-19 disruptions had a positive effect on the global market for personal protective equipment. Of course, the pandemic created a lot of challenges for industry participants, such as broken supply chains, logistical problems with delivering finished goods, and difficulty hiring people from quarantines, all of which had a disastrous impact on the dynamics of supply and demand. The demand for personal protection equipment (PPE), however, has significantly increased in both the private and commercial sectors. The market is rapidly getting back to normal after the lockdown mandates were loosened.

The hand protection segment is expected to be the largest during the forecast period

The hand protection segment is estimated to have a lucrative growth, due to the demand for industrial safety gloves will increase due to the increased concern for employees' safety in the chemical, equipment manufacturing, mining, and construction sectors. The hand protection market is projected to develop as a result of the rising demand for safety gloves. Handling sharp edges in the workplace, such as metal, glass, and abrasion materials, may increase product adoption. Workers are protected by safety gloves from chemical burns and metal wounds. Additionally, the majority of safety glove manufacturers are developing acquisition strategies to diversify their product offerings and foster business growth.

The manufacturing segment is expected to have the highest CAGR during the forecast period

The manufacturing segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the fact that the sector deals with serious injuries. Workers in the welding sector, for example, are required to wear earplugs or earmuffs to protect themselves from noise. In order to guard against electric shocks, heat burns, and fires, they must also wear safety shoes and gloves. In order to protect oneself from fumes and oxides, protective respirators are also employed. In order to protect oneself from radiation, hot slags, chemical burns, sparks, and flying particles during welding, one must wear a helmet, flame-resistant protective clothes, goggles, and a hand shield.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to rapid industrialization, low levels of automation, a supportive political environment, and the more affordable availability of raw materials and personal protective equipment. The application of government policies pertaining to smart and energy-efficient building technology may cause a trend upward in the construction and building sector.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, owing to widespread product uptake in the healthcare sector and highly established end-use industries. Due to the stringent regulatory environment and harsh penalties for non-compliance, which encourage businesses to utilise PPE frequently, the U.S. has a high product penetration rate. Urbanization, an uptick in immigration, and a growing population are all predicted to contribute to the construction industry's expected growth in Canada. The need for housing and office space is growing in Canada, which is driving demand for the construction sector. The demand for personal protective equipment is predicted to rise as building activity increases.

Key players in the market

Some of the key players profiled in the Personal Protective Equipment (PPE) Market include COFRA S.r.l., Lakeland Industries Inc., Ansell Ltd., Honeywell International Inc., Mine Safety Appliances (MSA) Company, DuPont, FallTech, 3M, Alpha Pro Tech Limited, Avon Rubber plc, Mallcom (India) Ltd., Lindstrom Group, Polison Corp., Delta Plus Group, Radians, Inc., Uvex Safety Group, BartelsRieger Atemschutztechnik GmbH, Rock Fall Ltd. and Gateway Safety, Inc.

Key Developments:

In April 2021, Honeywell acquired Norcross Safety Products L.L.C., a manufacturer of PPE, for USD 1.2 billion. This acquisition will provide the company with a platform in the fragmented global business projected to provide significant growth opportunities. This investment in Norcross allows the company to completely enter into a highly regulated industrial safety market.

In April 2020, Mallcom (India) Limited launched PPE overall and shoe cover that will be an addition to the product range of disposable recyclable face masks for the medical industry. The overall set will be available in 2 variations along with the shoe cover.

Products Covered:
• Head Protection
• Hearing Protection
• Eye & Face Protection
• Respiratory Protection
• Protective Clothing
• Protective Footwear
• Fall Protection
• Hand Protection
• Other Products

Applications Covered:
• Manufacturing
• Healthcare
• Construction
• Oil & Gas
• Chemicals
• Pharmaceuticals
• Transportation
• Food
• Mining
• Other Applications

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances