Personal Protective Equipment Market Worth $131.18 Billion By 2030

Personal Protective Equipment Market Growth & Trends

The global personal protective equipment market size is expected to reach USD 131.18 billion by 2030, registering a CAGR of 6.7% according to a new report by Grand View Research, Inc. The global personal protective equipment market is significantly driven by increasing spending on worker safety and protective products coupled with rising awareness about the stringent safety rules and regulations.

The COVID-19 outbreak had a positive impact on the growth of the personal protective equipment market. The market was is significantly attributed to the high demand for protective equipment to protect against COVID-19 infection in 2020. Over the forecast period, market growth is expected to witness steady growth attributed to the increasing use in various industries.

The increasing awareness among industry participants regarding the importance of worker safety and security at workplaces on account of the stringent regulations and high costs associated with workplace hazards is anticipated to drive market growth. Particularly, rising awareness and new rules and regulations in Asia Pacific are likely to fuel the market growth over the forecast period.

The increasing rate of fatalities at the workplace has imposed workers to use personal protective equipment to ensure the safety of the individuals. Furthermore, the increasing number of the blue-collar workforce across numerous R&D establishments and production factories is expected to fuel PPE demand over the forecast period.

Government regulations compel the use of protective equipment for workers in end-use industries such as oil and gas, mining, and construction. Work safety regulations play a major role in driving the personal protective equipment market. Mandated policies by agencies for companies to maintain worker safety in industries are anticipated to drive demand for personal protective equipment.

Companies such as DuPont and 3M are undertaking expansion strategies to strengthen their product portfolio and market share. In May 2022, 3M announced expanding production for personal protective equipment such as respiratory and hearing protection products. This expansion will allow 3M to increase investment to meet the unmatched demand for PPE.

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Personal Protective Equipment Market Report

Personal Protective Equipment Market Report Highlights

• The head protection equipment is expected to witness a CAGR of 7.6% on account of increasing demand in industries such as construction, manufacturing, oil & gas, mining, etc. to protect from head injuries
• Europe accounted for the largest revenue share of 30.8% in the global market in 2022 owing to the developed industrial platform along with extensive adoption of products in the various sectors.
• Asia Pacific is expected to grow at the fastest growth rate in the market at a CAGR of 7.8% over the forecast period owing to significant economic development and industrialization across the region.
• Key players actively focus on product innovation, joint ventures, mergers and acquisitions. Innovations in design, materials, and manufacturing processes that increase the quality of the product, led to an increase in demand for PPE.