Global Personal Protective Equipment Market worth $168 billion by 2030
According to a research report published by Spherical Insights & Consulting, the Global Personal Protective Equipment Market Size to grow from USD 91.6 billion in 2021 to USD 168 billion by 2030, at a Compound Annual Growth Rate (CAGR) of 7% during the forecast period. The personal protective equipment market has grown due to rising concerns over worker safety on the shop floor.
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Browse key industry insights spread across 240 pages with 128 market data tables and figures & charts from the report “Global Personal Protective Equipment Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Hand Protection, Protective Clothing, Foot & Leg Protection Equipment, Respiratory Protection Equipment, Eye & Face Protection Equipment, Head Protection Equipment, and Other Personal Protective Equipment ), By End-User (Construction, Manufacturing, Chemicals, Oil and Gas, Food, Pharmaceuticals, Transportation, Mining, Firefighting, Healthcare, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2021 – 2030.” View a detailed Table of Content here– https://www.sphericalinsights.com/reports/personal-protective-equipment-market
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On credit portfolios, the COVID-121.9 epidemic has had a negative effect. The enormous growth has hampered the solvency of customers and business in unemployment and interruption of economic activity. Central banks have adopted a proactive strategy of injecting money into the market by decreasing interest rates and implementing asset purchase programmes. With persistent geopolitical tensions, global trade battles, and sporadic hurricanes and earthquakes, managing and monitoring credit, market, liquidity, and operational risk across financial markets was challenging enough. Chief risk officers and their teams have had to reevaluate outdated methods and assumptions used to manage and monitor risk due to the present pandemic crisis. The global repercussions of COVID-19 have demonstrated the significance of interconnection in international cooperation. As a result, many governments have been hurrying to find, assess, and buy trustworthy AI-powered solutions.
The hand protection segment to account for the largest market size during the forecast period
Based on the product type, the global personal protective equipment market is categorized into Hand Protection, Protective Clothing, Foot & Leg Protection Equipment, Respiratory Protection Equipment, Eye & Face Protection Equipment, Head Protection Equipment, and Other Personal Protective Equipment. The hand protection segment to account for the largest market size during the forecast period. Gloves are used as protection from chemicals, wounds, abrasions, and burns. The construction, food processing, oil & gas, healthcare, and metal fabrication industries are projected to see a rise in demand for protective gloves due to risks associated with handling warm objects, hazardous materials, and heavy-duty machinery.
The healthcare segment to hold a higher CAGR during the forecast period.
Based on the end-user, the personal protective equipment market is categorized into Construction, Manufacturing, Chemicals, Oil and Gas, Food, Pharmaceuticals, Transportation, Mining, Firefighting, Healthcare, and Others. The healthcare segment to hold a higher CAGR during the forecast period. Due to escalating demand in the healthcare sector for protective gloves, outerwear, and respiratory equipment. Worldwide demand for protective clothing, particularly coveralls and gowns, has increased as a result of the coronavirus's quick spread.
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North America is estimated to account for the highest market share in 2022.
The Global Personal Protective Equipment Market has been segmented into five major regions: North America, Europe, Asia-Pacific, South America, The Middle East and Africa. North America is estimated to account for the highest market share in 2022. Due to the attributable widespread product uptake in the healthcare sector and highly established end-use industries. In addition, Due to the stringent regulatory environment and harsh penalties for non-compliance, which encourage businesses to utilize PPE frequently, the U.S. has a high product penetration rate. Asia-Pacific to hold a higher CAGR during the forecast period.
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the Global Personal Protective Equipment Market include Honeywell International Inc., Lakeland Industries Inc., DuPont, 3M, Ansell Ltd., Avon Rubber plc, COFRA S.r.l., FallTech, Alpha Pro Tech Limited, Mine Safety Appliances (MSA) Company, Lindstrom Group, Mallcom (India) Ltd., Radians, Inc., Polison Corp., and Delta Plus Group.
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