Report Code: 10534 | Available Format: PDF
The personal protective equipment (PPE) market will reach USD 96.1 billion by 2030 from an estimated revenue of 70.9 billion in 2023, growing at 4.5% compound annual growth rate through 2030.
The key factors boosting the growth of the market are the strict rules regarding occupational safety and health and the rising consciousness related to this issue. In addition, businesses across the globe are concentrating on employee safety as a result of the increasing number of workplace fatalities.
PPE comprises products that provide safety to the face, eyes, head, hands, legs, arms, and feet from the dangers posed by falling objects, corrosive and pungent chemicals, sharp edges, flying sparks, and other hazards at workplaces.
Numerous codes of conduct and regulations have been implemented by the Occupational Safety and Health Administration stating the duty of employers to protect their employees from workplace-related dangers and the approaches to take in this regard. Non-compliance with such codes and regulations attracts large penalties to employers, including hefty fines, closure of factories, and even imprisonment for those responsible. The prevalent certifications and regulations regarding protection at the workplace are provided by the ANSI and CSA Group, apart from OSHA.
Manufacturers of gloves are concentrating on making the environment cleaner, greener, and safer. According to the WHO, the overuse of gloves and other items of clothing to help in preventing COVID-19 spread has resulted in a huge amount of healthcare waste all over the world. Every year, this waste goes into landfills and causes damage to the soil.
To tackle such issues, businesses, including Globus and Showa, are producing biodegradable and recyclable nitrile gloves. Glove manufacturers can decrease their energy footprint by creating innovative machines, modifying existing machines, and lessening the consumption of energy. Furthermore, companies can provide packaging produced from 100% recycled materials for inner dispensers and outer cases, manufactured using 100% post-consumer waste.
The rising number of infrastructure and construction projects in India, the U.S., and China is expected to generate an enormous opportunity for market expansion. This is because the usage of heavy equipment, toxic chemicals, and other hazards are common at construction sites. According to the U.S. Bureau of Labor Statistics, in 2021, the construction sector accounted for 46.2% of all fatal slips, trips, and falls in the country.
Falling from heights is the major reason for non-fatal and fatal incidents in the construction industry, followed by colliding with moving construction vehicles. As per the OSHA, falls at construction sites result in approximately 100,000 injuries and almost 200 deaths annually. This is why many countries have made it mandatory for construction workers to wear protective shoes or boots with slip-resistant and puncture-resistant soles, to avoid crushed toes while working near heavy equipment or falling objects.
Based on product, the hand protection category dominated the market in 2023, owing to the growing consciousness concerning workers’ safety in the construction, mining, chemical, and manufacturing industries. In all these sectors, the high importance of safety gloves boosts the growth of the market.
A common activity in such occupations is handling materials with abrasive surfaces and sharp edges, such as glass and metals, as well as corrosive chemicals. Here, these gloves offer protection from metal cuts and chemical burns to workers. In addition, various manufacturers of safety gloves are entering into acquisitions to initiate business expansions and improve their product portfolio.
The healthcare category, based on end user, leads the personal protective equipment market, owing to the increasing need for body, hand, and respiratory protection clothing and apparatus in the healthcare sector. The requirement for protective clothing, particularly gowns and coveralls, has increased all over the world because of the swift spread of COVID-19 and the increasing concern regarding hospital-acquired infections. Surgical clothing and the attire worn inside cleanrooms and radiology suites are two prime examples of healthcare PPE.
The construction category will advance at a significant rate during the forecast period, primarily because of the surging infrastructure development activities. Private and public construction projects, including residential units, transportation hubs, and educational buildings, are expected to positively impact the growth of the market throughout the projection period.
The manufacturing sector also holds a significant share because of the inherent risk of injuries and deaths in heavy engineering sectors. For instance, in the metallurgy sector, working with molten metals puts employees at a high risk of severe burns, for which protective overalls are mandated.
Market Size in 2023
USD 70.9 Billion
Revenue Forecast in 2030
USD 96.1 Billion
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling
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North America led the global personal protective equipment market in 2023, and it is expected to remain dominant throughout the projection period. This is attributed to the increasing number of fatal accidents in the workplace and growing consciousness about occupational safety among the workers in the region. In addition, the growing government expenses in the healthcare industry will boost the growth of the market.
In North America, the U.S. is observing huge utilization of PPE because of the rising count of workplace fatalities and strict regulatory policies. Most of the end-use sectors in the country encourage workers to utilize such clothing and apparatus. In addition, the surging investments in the petrochemicals and oil & gas industries will generate opportunities for the regional players as they carry an omnipresent risk of chemical and thermal burns.
The APAC market is expected to witness the fastest growth over this decade. This is mainly attributed to the increasing level of industrialization and economic development, rising incidence of workforce fatalities, and the huge compensation expenses after such incidents.
Moreover, China is emerging as a key user and producer of PPE globally. The nation has a huge consumer base in industries such as automotive, chemicals, and oil & gas, which continues to offer growth opportunities to companies offering such clothing and apparatus. Moreover, in Bangladesh, China, and India, the majority of the construction and heavy engineering work is still conducted manually, because of the lack of proper resources. Therefore, there is a higher likelihood of workplace accidents in these countries, which has impelled workers to strictly follow safety precautions.
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