The global personal protective equipment market is expected to surpass US$ 55 billion by the end of 2027, rising at a CAGR of 8.3% over the forecast period (2020 to 2027).

Personal Protective Equipment Market

Workers utilize personal protective equipment (PPE) to protect themselves against working risks. Personal protective equipment includes protective clothes, respiratory protection, head, eye, and facial protection, hearing protection, fall protection, professional footwear, and hand protection.

Drivers

The chemical industry's high need for Personal Protective Equipment Market is expected to drive market expansion. Workers in the chemical sector must protect themselves from dangerous chemicals, which can cause a variety of health problems. Another key factor driving the growth of the personal protective equipment market is the government's increased investment in worker safety in the chemical industry.

The personal Protective Equipment Market is projected to expand in popularity as people become more aware of the necessity of workplace safety. Over the forecast period, the increased need for respiratory equipment in the mining industry, combined with an increase in the number of working hand injuries, is expected to drive demand for hand personal protective equipment such as gloves. As a result, raising awareness of the necessity of workplace safety is expected to boost market growth.

Restriction on the Market

Because of the enormous number of local companies, the market is flooded with low-quality, low-cost items, resulting in fierce rivalry in the industry. As a result, luxury brands are up against fierce competition from these regional businesses. This is projected to stifle the expansion of the personal protective equipment industry.

The expensive expense of specialized clothing, combined with workers' lack of understanding about workplace safety in developing countries, is impeding the expansion of the personal protective equipment industry.

Section of Competition

3M Co., Alpha Pro Tech, Ltd., Ansell Ltd., Avon Rubber P.L.C., Jal Group, Cofra Holding Ag, Oftenrich Holdings Company Limited, Honeywell Safety Products, Rock Fall Ltd., and Uvex Safety Group are key competitors in the worldwide personal protective equipment market.

Post a Comment

0 Comments