Analysis by Product Type (Head Protection, Eye Protection, and Others); by End-user Industry (Construction, Manufacturing, Oil & Gas, Chemicals, and Others); and Usability (Disposable, and Reusable) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2035
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The global personal protective equipment (PPE) market is estimated to garner a revenue of ~ USD 131 billion by the end of 2035 by growing at a CAGR of ~ 7% over the forecast period, i.e., 2023 – 2035. Further, the market generated a revenue of ~ USD 78 billion in the year 2022. One of the major factors that resulted in the rapid growth of the market in recent years was the fight against COVID-19. The pandemic demanded a stepping up in the number of PPE kits and other precautions as the pandemic-related crisis aggravated within a short time from the onset in China in November 2019. As per the World Health Organization (WHO), compared to the previous years, 14.9 million excess deaths between 2020 and 2021 occurred directly or indirectly as a result of the COVID-19 pandemic across the globe.
The worldwide development of the construction industry is another factor driving the high demand for PPE kits. With the growth of the construction sector, the number of people being employed in the sector is also going up. This rise in the number of construction workers would, in turn, contribute to the market growth considerably. For instance, there were about 768,000 people in the United States (U.S.) who were employed in construction work as of 2022. Further, strict regulations by various governments to ensure the safety of workers employed in various industries and the use of PPE kits by workers in the food and beverage industry to avoid food contamination are also factors leading to market growth all over the world.
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
~ 7% |
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Base Year Market Size (2022) |
~ USD 78 billion |
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Forecast Year Market Size (2035) |
~ USD 131 billion |
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Regional Scope |
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Growth Drivers
Rapid Increase in the Production of PPE Kits World Wide - The onset of COVID-19 required many regions in the world to boost their manufacturing of medical gadgets. For instance, the growth of India in the manufacturing of PPE Kits, following the onset of the pandemic is noteworthy. Within a year from the beginning of 2020, India's manufacturing volume of PPE kits grew from a serious shortage to over 1 lakh kits a day. Similarly, the number of manufacturers of melt-blown fabric, an important raw material for N-95 masks, also saw a rise in India as it increased from less than 5 to nearly 81 in a short time.
Grave Concern Over the Fatalities in Construction Industry – It is estimated that construction workers suffer one of the highest rates of fatal injuries among workers of any industry in the world. More than 10 in every 100,000 workers in the construction industry are estimated to suffer from such injuries every year. Further, about 1010 construction workers in the U.S. were reported to have died while at work in 2020. Large-scale infrastructure projects often pose an immense risk to the lives of the workers on the construction site. The use of PPE kits helps mitigate such risk, which remains even after the implementation of administrative and engineering control measures.
Immense Number of Fatalities in the Manufacturing Industry – According to the National Institute for Occupational Safety and Health (NIOSH), 8% of workplace fatalities in the U.S. happen to those employed in the manufacturing sector. Further, the number of non-fatal injuries or illnesses among workers in the manufacturing industry in the U.S. only in 2019 amounted to more than 846,699.
Rising Cases of Food Contamination all over the World – According to WHO, annually, about 600 million people around the world fall ill through the consumption of contaminated food. They add that the number of annual deaths related to the intake of contaminated food is 420 000. The use of PPE kits among those working in the food and beverages industry would help prevent the contamination of food products during the process of production.
High Risk of Exposure to People Working in the Chemical Industry – The high number of people employed in the chemical industry calls for increased production of PPE Kits and market growth. For instance, it is estimated that China's chemical industry alone employed more than 5 million people in 2021.
Challenges
The global personal protective equipment (PPE) market is segmented and analyzed for demand and supply by product type into head protection, eye protection, face protection, hearing protection, protective clothing, fall protection, respiratory protection, protective footwear, hand protection, and others. Among these types, the segment of hand protection is expected to garner the highest share in the global market by the end of 2035. The segment was observed to hold a share of more than 32% of global market revenue in 2021. The growth of the segment can be attributed primarily to the risks to which one's hands are exposed while handling warm, toxic, or sharp objects in different industries. Workers in many industries, such as healthcare, food processing, construction, oil and gas, and more, use gloves to protect their hands from chemicals, burns, cuts, and abrasions. Gloves are also required while handling heavy-duty equipment. It is estimated that injuries to the fingers or hands comprise about 25% of all work-related injuries. Similarly, as of 2020, there are more than 109999 cases of lost time at work in the U.S. as a result of hand injuries.
The global personal protective equipment (PPE) market is also segmented and analyzed for demand and supply by the end-user industry into construction, manufacturing, oil & gas, chemicals, food, pharmaceuticals, healthcare, transportation, mining, and others. Amongst these segments, the healthcare segment is expected to garner a significant share. The grave need for protecting frontline workers in healthcare against the contract of diseases is thought to increase the demand for PPE kits in the industry. Though PPE kits were already in use in hospitals, their demand got a boost from the wide prevalence of COVID-19. PPE kits became imperative for personnel involved in the treatment of an overwhelming number of patients who were admitted to intensive care units (ICU) and temporary hospitals. For instance, there were about 28892 patients in the COVID ICU in the U.S. in January 2021. This high number of severely ill patients in hospitals in recent times has contributed much to the market growth.
Our in-depth analysis of the global personal protective equipment (PPE) market includes the following segments:
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By Product Type |
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By End-user Industry |
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Usability |
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The North American personal protective equipment (PPE) market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2035. The growth of the market can be attributed majorly to the rise in the use of PPE kits in healthcare and other industries in the region following the pandemic. It is estimated that in 2021, over 66 businesses in Canada reportedly require or anticipate requiring PPE kits to adhere to the COVID-19 protocols for workplaces. Such businesses were led by educational services, where a need of ~91% was observed. The educational services were followed by institutions involved in healthcare and services, of which ~84% required PPE kits. The penalties imposed on those who failed to comply with the government’s instructions on the use of PPE kits are also thought to have increased the regional demand for the product. Another factor that is expected to boost market growth is the increased investments being made in the healthcare segment in North America.
The European personal protective equipment (PPE) market is also projected to hold a significant share of the global market during the forecast period. The growth of the market can be attributed majorly to the high number of work-related injuries in the region. For instance, it is estimated that there were about 3356 fatal accidents reported among those at work in the European Union (EU) in 2020. Wounds and superficial injuries, sprains and strains, dislocations, concussions, and internal injuries comprised ~71% of the accidents at work in the EU in 2020. Europe is a major hub of industries such as oil and gas, metal manufacturing, refining, and automotive. Further, the food and beverages industry in the region results in high consumption of safety gloves. Europe also has very strict regulations regarding the quality of all equipment for personal protection. Additionally, the renewable energy industry in the region receives generous funding, which results in its growth and high demand for PPE kits.
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: The increased production of PPE kits worldwide following the pandemic and incidences of fatal injuries in the construction industry are the major factors driving the market growth.
Ans: The market is anticipated to attain a CAGR of ~ 7% over the forecast period, i.e., 2023 – 2035.
Ans: The compromised quality of some products in the market and the trade restrictions are estimated to be the growth-hindering factors for the market expansion.
Ans: The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Ans: The major players in the market are DuPont de Nemours, Inc., 3M, Lakeland Industries, Inc., Alpha Pro Tech, Sioen Industries NV, and others.
Ans: The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines 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 type, end-user industry, usability, and by region.
Ans: The hand protection segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
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