Personal protective equipment is protective tools intend to wear by workers at the workplace in order to protect against hazardous environment. Personal protective equipment includes face protection, protective clothing, respiratory protection, hearing protection, fall protection, professional footwear, and hand protection. These equipment find applications across manufacturing, construction, oil and gas, food, chemicals, transportation, and pharmaceuticals.
The global personal protective equipment market was estimated to be valued more than US$ 55 billion in terms of revenue in 2019 and is predicted to grow at a CAGR of 8.3% during the forecast period (2020 to 2027).
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Growing workplace safety regulations across different manufacturing sector are primarily fueling the market growth of the personal protective equipment. The rise in workplace accidents has created a huge demand for personal protective equipment. These are mandatory these days especially across manufacturing industries such as oil &gas, pharmaceutical, construction, etc. as people working across these industries are highly prone to injuries due to risky working environment.
Rapidly growing manufacturing industries across the Asia Pacific region is projected to bring new market opportunities over the forecast period. According to the India Brand Equity Foundation, the manufacturing sector of India has the potential to reach US$ 1 trillion by 2025, and India is expected to rank amongst the top three growth economies and manufacturing destinations of the world by the year 2020. Hence, growth in the manufacturing industries is expected to bolster the market growth of personal protective equipment.
Increasing automation across various end-user industries is eliminating the need for labor and thus reducing the number of workers. This is restricting the adoption of personal protective equipment thereby hindering the market growth over the forecast period. Hence, the growing popularity of automation across manufacturing industries is inhibiting the market growth of personal protective equipment.
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On the basis of pigment type, manufacturing the global personal protective equipment market in 2019 with around 20% of market share in terms of revenue, followed by others and construction, respectively.
Increasing investment by key players in PPE is a key trend in the market and this is expected to augment the market growth. For instance, in June 2020, Denplan, part of Simplyhealth, has announced that it is investing US$ 2.15 million to provide essential, fully-certified personal protective equipment (PPE) to help its Denplan member dentists get safely back to work and protect and care for their patients. Such investment by major players will favor market growth over the forecast period.
Distribution agreements among manufacturers are one of the growing trends in the market and this is projected to spur the market growth over the forecast period. For instance, in June 2020, Maskco Technologies, Inc. announced a joint venture distribution agreement with Gredale, LLC, a Los Angeles-based manufacturer of medical-grade isolation gowns and distributor of personal protection equipment and textiles used to manufacture personal protection equipment. Under terms of the agreement, Gredale will distribute Maskco Technologies’ MTech Respirators for a period of two years.
Global Personal Protective Equipment Market – Impact of Coronavirus (Covid-19) Pandemic
According to World Health Organization (WHO), severe and mounting disruption to the global supply of personal protective equipment (PPE) owing to the rising demand, panic buying, hoarding and misuse, is expected to put many lives at risk from the new coronavirus (Covid-19) Pandemic and other infectious diseases. This factor is expected to boost the growth of the global personal protective equipment market next few years till end quarter of 2022.
Major players operating in the global personal protective equipment market include 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
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Few Recent Developments
- In November 2019, Ansell Limited announced a partnership with ProGlove, a provider of industrial wearables, to develop hand protection solutions utilizing technology to ensure the right personal protective equipment (PPE) compliance in the workplace.
By Equipment Type
- Head, Eye & Face Protection
- Hearing Protection
- Protective Clothing
- Respiratory Protection
- Professional Footwear
- Fall Protection
- Hand Protection
- Oil and Gas
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
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