Personal Protective Equipment Market size to exceed USD 110 billion by 2032

Personal Protective Equipment (PPE) Market size is poised to exceed USD 110 billion by 2032, as per a recent research report announced by Global Market Insights Inc.
 

Visible surge in infrastructure development investments and projects in regions such as Asia Pacific and Middle East & Africa will spur the PPE demand between 2023 and 2032. Infrastructure expansion has become a key focus area across several economies, such as China, Indonesia, and India, owing to massive population growth and the accelerating pace of urbanization and economic development.
 

These trends have encouraged governments across these countries to make hefty investments in new infrastructure projects, driving business development. For instance, in 2021, China invested a sum of over USD 30 billion in wind power infrastructure. The rapid surge in the construction of new residential, commercial, and industrial facilities and the growing emphasis on improving workers' safety in the occupational environment will stimulate the PPE industry revenue streams through 2032.
 

Improving safety compliance in workplace environments to augment the demand for head protection PPE

Head protection segment was worth over USD 1.5 billion in 2022 and is anticipated to depict more than 7.5% CAGR from 2023 to 2032. Protective headgears save employees working in unsafe work environments from penetration, burn, and impact hazards, as well as electric shocks. The steadily upgrading workplace safety norms and the development of technologically advanced head protection PPEs by leading product manufacturers will propel the segment size over the coming ten years.
 

Noticeable rise in accidents to propel PPE adoption in construction applications

Personal protective equipment market size from construction applications recorded revenues of more than USD 8 billion in 2022 and may observe over 8% gains by 2032. Construction or renovation sites usually involve relatively higher prospects of potential accidents and injuries. This makes wearing personal protective equipment such as safety helmets, eye protection, gloves, high visibility clothing, safety harnesses, and footwear absolutely mandatory across these sites. The easy availability of cutting-edge products with improved safety and aesthetics will bring lucrative growth to the PPE industry.
 

Browse key industry insights spread across 470 pages with 654 market data tables and 65 figures & charts from the report “Personal Protective Equipment (PPE) Market Size, By Product (Head [Safety Helmets & Hard Hats, Bump Caps], Eye & Face Protection [Face Protection, Eye Protection – Plano], Hearing Protection [Cap Mounted, Over the Head Type, Disposable], Protective Clothing [Flame Retardant Apparel, Chemical Defending Garment, High Visibility Clothing], Respiratory Protection [SCBA – Fire Service, SCBA – Industrial, APR – Disposable, Emergency Escape Devices], Protective Footwear, Fall Protection [Personal Systems, Engineered Systems], Hand Protection), By Application (Construction, Oil & Gas, Manufacturing, Chemicals, Pharmaceutical, Food, Transportation), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2023 – 2032”, in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/personal-protective-equipment-ppe-market
 

Increased emphasis on improving occupational safety norms to support industry growth across Europe

Europe PPE market is expected to garner revenues worth over USD 23 billion by 2032. Regional growth can be credited to surging incidences of COVID-19 infections, and the subsequent rise in demand for medical and therapeutics products. Additionally, the consistent efforts by local regulatory authorities toward upgrading the existing PPE and workplace safety regulations will contribute to market expansion.
 

Strategic associations to bolster the competitive outlook

Notable players in the personal protective equipment market include DuPont, 3M, Honeywell International, Ansell Ltd, MSA Company, COFRA SRL, UVEX Safety Group GmbH, and others.
 

These companies have been increasing their strategic exchanges with new market entrants and other participating firms to gain a strong foothold in the market. For instance, in December 2021, PIP Global, a premier manufacturer of hand protection products, announced the acquisition of Bisley Workwear, an Australian PPE company. The strategic move is expected to expand the PPE product portfolio of PIP Global with the inclusion of Bisley's innovative safety garments & workwear apparel.