(MENAFN- GlobeNewsWire - Nasdaq) Dublin, Aug. 08, 2024 (GLOBE NEWSWIRE) -- The "Global Personal Protective Equipment market by Product (Eye Protection, Face Protection, Fall Protection), Distribution channel (Offline, Online), End-User - Forecast 2024-2030" report has been added to ResearchAndMarkets.com's offering.
The latest industry analysis has revealed that the global Personal Protective Equipment (PPE) Market, which was valued at USD 79.42 billion in 2023, saw a notable increase to USD 86.96 billion in 2024. The sector's growth trajectory is set on an ascending path, with an expected Compound Annual Growth Rate (CAGR) of 8.51%, potentially reaching a valuation of USD 140.71 billion by the end of the decade.
This growth is attributed to the heightened awareness and proactive measures in workplace safety, as well as the stringent emphasis on infection control within healthcare institutions. This paradigm shift, prioritizing the safety and health of workers, continues to fuel the demand for PPE across various industries worldwide.
Regionally, the Americas remain at the forefront of PPE demand post-COVID-19, with countries in Europe following closely due to stringent worker safety regulations. The APAC region has also showcased significant market potential, primarily fueled by rapid industrialization and infrastructural growth. Across end-user industries, notably in chemicals, construction, food & beverage, healthcare, and pharmaceuticals, there is a discernible increase in the adoption of PPE to ensure safety compliance and reduce occupational hazards.
Challenges and Opportunities
Despite the promising growth, the market faces challenges such as the circulation of counterfeit products and technical limitations that could hinder PPE effectiveness and the risk of self-contamination. Conversely, the industry is rife with opportunities, as advancements in PPE technology and an expanding online distribution network are expected to bolster the market further.
Competitive Landscape and Key Developments
The market has observed pivotal advancements and strategic acquisitions, exemplifying the dynamic nature and competitive spirit within the Personal Protective Equipment sector. For instance, PPE provider ASAP Innovations has broadened its Asian presence with a new office in Vietnam, focusing on the burgeoning demand for healthcare and cleanroom gloves. Meanwhile, Bollé Safety's latest Globe Safety Goggle and National Safety Apparel's acquisition of Paulson Manufacturing showcase dedicated efforts to advance PPE and enhance worker safety.
Strategic Insights and Segment Analysis
The report offers a comprehensive segmentation analysis, emphasizing the growing preference for various PPE products such as eye and face protection, and the rising inclination towards online distribution channels. The stratified analysis instills a deeper understanding of market preferences, highlighting critical insights into the consumer behaviors and demands tailored to specific industry needs.
The insights provided by the report are paramount in guiding market participants towards sustainable strategies and informed decision-making to navigate the ever-evolving Personal Protective Equipment landscape. Industry stakeholders, safety professionals, and regulatory bodies continue to shape the PPE domain, ensuring safety protocols are not only met but exceeded, safeguarding the workforce of today and tomorrow.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 186 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value (USD) in 2024 | $86.96 Billion |
| Forecasted Market Value (USD) by 2030 | $140.71 Billion |
| Compound Annual Growth Rate | 8.5% |
| Regions Covered | Global |
Companies Featured
3M Company ACL, Inc. Alpha Pro Tech, Ltd. Ansell Ltd. Avon Protection PLC BartelsRieger Atemschutztechnik GmbH Blue Eagle Safety COFRA S.r.l. Delta Plus Group DuPont de Nemours, Inc. Dynarex Corporation ESAB Corporation Gateway Safety, Inc. Hefei Haoxin Protective Technology Co., Ltd. Honeywell International Inc. Karmor Co., Limited Kimberly-Clark Corporation Klein Tools, Inc. Lakeland Industries, Inc. Lindström Oy Mallcom (India) Ltd. MARS Armor Moldex-Metric, Inc. MSA Safety Incorporated National Safety Apparel Oftenrich Holdings Co., Ltd Pan Taiwan Enterprise Co., Ltd Point Blank Enterprises Inc. Protective Industrial Products Radians, Inc. Rubberex Corporation (M) Berhad Seyntex N.V. Showa Group Sioen Industries NV Toray Industries Inc. UVEX WINTER HOLDING GmbH & Co. KG
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Global Personal Protective Equipment Market
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