Personal Protective Equipment Market Estimated to Surpass Value of US$ 98.66 Billion by 2031: TMR Study

WILMINGTON, DE / ACCESSWIRE / November 30, 2022 / Transparency Market Research Inc. – TMR’s personal protective equipment market report states that the global market is expected to grow at a compound annual growth rate of 6.2% during the forecast period between 2021 and 2031.

Transparency Market Research inc., Wednesday, November 30, 2022, Press release image

Transparency Market Research inc., Wednesday, November 30, 2022, Press release image

The prevalence of many different types of diseases around the world means that personal safety has become important. The increased focus on preventing contracting diseases and maintaining good health has led to an increase in the demand for various personal protective equipment such as face masks and gloves.

Some of the personal protective equipment that is witnessing an increase in demand includes eye and face protection, head protection, hearing protection, respiratory protection, and fall protection.

Development strategies such as new product launches help prominent market players to generate more revenue and help them gain an edge over competitors. For example, Mallcom India Ltd., in April 2020, announced the launch of a new personal protective equipment kit, consisting of a shoe cover along with other essential products such as gloves .

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Key Findings of the Market Study

  • Rising Number of Workplace Accidents Triggering Growth in Personal Protective Equipment Market: The last decade has witnessed an increase in the number of catastrophic accidents such as electrocution, falls, and arrests in the workplaces of various end-use industries. The increase in the incidence of such accidents has led to increased focus on the safety of employees which has created an increased demand for personal protective equipment and has helped expand the size of the personal protective equipment industry.

  • Increase in Personal Protective Equipment from Manufacturing Industry Driving the Overall Market for Personal Protective Equipment: In terms of end-use industry, the global market for personal protective equipment is classified into construction, manufacturing, chemicals, oil and gas, food, pharmaceuticals, and healthcare. The manufacturing end-use industry has a significant share in the overall market. The manufacturing industry is prone to death and injury and as a result, governments and other authorities are forcing professionals in the manufacturing sector to wear personal protective equipment, which increases the demand for the product and contributes in the growth of the market.

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Personal Protective Equipment Market-Key Drivers

  • Increasing demand for facemasks, face shields, and gloves to prevent contracting the coronavirus is one of the key drivers for the growth of the personal protective equipment market.

  • The growing demand for smart personal protective equipment in the market helps create revenue-generating opportunities for prominent players in the global market.

  • Increasing infrastructural activities and rapid industrialization are also expected to increase the market growth during the forecast period.

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Personal Protective Equipment Market-Regional Growth Dynamics

  • North America accounts for the major share of the personal protective equipment market in the global market and consists of many suppliers of personal protective equipment. Factors such as increased adoption of personal protective equipment in various end-use industries such as chemicals, food and beverages in countries such as the US and Canada have contributed to the growth of the regional market.

  • The Middle East and Africa is expected to witness substantial growth in the global market during the forecast period due to increasing construction activities and stringent government regulations in countries such as Bahrain and Saudi Arabia.

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Key Players in the Personal Protective Equipment Market

The presence of many manufacturers of personal protective equipment, which have a large share of the global market for many years, ensures that the competition in the general market is intense.

Well-established market players are engaged in research and development activities in a bid to create improved products that meet the needs of many customers in various end-use industries.

Some of the leading players in the global market include 3M Company, Honeywell International Inc., Kimberly-Clark Corporation, Lakeland Industries Inc., and Alpha ProTech Ltd.

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The global personal protective equipment market is segmented into the following:

  • Product Type

  • Eye and Face Protection

  • Head Protection

  • Hearing Protection

  • Protective Clothing

  • Respiratory Protection

  • Professional Footwear

  • Fall Protection

  • Hand Protection

  • Others (Skin Protection, etc.)

  • End Use Industry

  • building

  • Manufacturing

  • Oil and Gas

  • Chemicals

  • fOOD

  • Pharmaceuticals

  • transportation

  • Healthcare

  • Others (Fifighting, Automotive etc.)

  • Regions Covered

  • North America

  • Europe

  • Asia Pacific

  • Middle East and Africa

  • South America

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About Transparency Market Research

Transparency Market Research registered in Wilmington, Delaware, United States, is a global market intelligence company that provides syndicated research reports and business consulting services. Our exclusive blend of quantitative forecasting and trend analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and a variety of tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a wide range of research and analysis capabilities, Transparency Market Research uses rigorous primary and secondary research methods to create unique data sets and research material for business reports.

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