Our in-depth analysis of the global disposable protective apparels market includes the following segments:
By Material Type
Regionally, the global disposable protective apparels market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific region is estimated to garner largest share over the forecast period on the back of growing manufacturing and construction industry in the region, along with the availability of cheap labor, which makes it favorable for the companies to employ workers, instead of automatic machines. Growing manufacturing industry for smartphones, chemicals, pesticides, and automotive in countries, such as, India, China, Vietnam, and Thailand, backed by the rapid economic development in the region, is projected to boost the market growth. The market in the North America region is estimated to witness notable share over the forecast period, on the back of stringent government regulations on workplace safety, along with the growing healthcare, and export-oriented manufacturing industry. According to the World Bank, the goods and services export in the U.S. valued USD 3.068 trillion, in the year 2019.
Get more information on this report: Download Sample PDF
The global disposable protective apparels market is further classified on the basis of region as follows:
In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
Ans: Rising cases of injury and damage to workers caused by accidents in industries is one of the major factors driving the market growth.
Ans: The market is anticipated to attain a CAGR of ~10.5% over the forecast period, i.e., 2021-2030.
Ans: Increasing adoption of machines in industries is a major factor estimated to hamper the market growth.
Ans: The market in the Asia Pacific will provide the highest growth opportunities for the market during the forecast period owing to the growing construction and manufacturing industries in the region.
Ans: The major players in the market are Kimberly-Clark Corporation, DuPont de Nemours, Inc., 3M, Anchortex Corporation, Cellucap Manufacturing, Medline Industries, Inc., Lakeland Industries, Inc., Honeywell International Inc., and others.
Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
Ans: The market is segmented by product, material type, end-user, and by region.
Ans: The polyethylene segment is anticipated to hold the largest market size during the forecast period on the back of its high dependency for protection, along with affordable prices over other alternatives.