In 2019, the personal protective equipment market size exceeded fifty billion US dollars. This size might approximately exceed above seven per cent CAGR between 2019 to 2026. During the focus period, industry growth will be fostered by strict rules for promoting safety and health measures at the workplaces—PPE aids in protecting human beings against injuries and infections.
Personal protective equipment protects people from several dangers such as electrical chemicals, heat biohazards, physical and airborne particulate matter. For the individual protective equipment market to grow, it is essential to increase awareness of prevention from safety and health hazards. Another way the PPE market demand increases is OSHA’s strict rules for occupational safety and health.
These regulations help minimize risks effectively at the source to protect employees from harm. Personal protective equipment reduces the susceptibility to various health and safety hazards. The rising tendency to maintain employee safety and PPE’s offering by several companies in compliance with the existing rules and norms will significantly impact the market demand positively.
Following the Coronavirus spread, the industry is predicted to receive significant gains, since the demand for PPE increases. According to the World Health Organization, COVID 19 is an infectious and contagious disease caused by direct or indirect contact with a Coronavirus patient. The infected persons experience symptoms like difficulty in breathing and fever. As per the report written on the 20th of May 2020, there are more than two million active Corona cases worldwide.
Due to the rising awareness to prevent the spread of this disease, the demand for personal protective equipment has increased, therefore stimulating the PPE industry’s growth. The rise in employee’s health and safety awareness concerns should propel the PPE market demand. Accidents can lead to costs, work disturbance, legal issues, loss of life, family reimbursement, etc. For such reasons, organization participants have improved employee safety at workplaces.
Increased utilisation of head protection to protect workers from serious injuries will facilitate the demand growth for PPE. Head protection of personal protective equipment demand is expected to rise by 2026. Head protection equipment protects industry workers from things that might cause serious injuries such as electric shocks, flying objects, drips, or spills. Such kits include safety helmets, hard caps, and bump caps, all made from heat resistance, chemically inert, and durable materials. Strict workplace safety policies will increase the PPE demand, therefore boost its market.
Booming gloves and masks demand in the health sector due to the spread of COVID 19 will power market demand.
By 2026, the pharmaceutical sector is anticipated to reach over four billion US dollars. Therefore, demand is expected to rise due to the increasing number of Coronavirus cases worldwide. Factors such as the increased utilization of gloves, masks, coveralls, and shields by nurses and doctors will positively impact the PPE demand.
Strict work safety rules in North America will propel the market demand.
By the end of 2026, North America is predicted to reach over thirty billion USD. The need for quality and long-lasting protective gear in automotive, oil and gas, metal manufacturing, and refining industries should increase the market trends. The country has booming gas and oil activities, which has led to expanded shale reserves, which will drive the PPE demand due to the country’s stringent safety and health standards.
Capacity developments and new commodity advancements to remain crucial industry policies by market participants. PPE industry comprises critical fragments like Honeywell international, 3M, DuPont, Gateway Safety, Ansel, and Rockfall. These companies help in the expansion of the product portfolio and increase its local presence. Product launches allow manufacturers to diversify their portfolios for welding applications.