In a recently published report, Personal Protective Equipment Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Personal Protective Equipment Market products.
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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.
Global Personal Protective Equipment Market is valued approximately at USD 48.4 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 6.5% over the forecast period 2020-2026. Personal protective equipment (PPE) are the tools that ensure the basic safety and health protection of users. PPE is any appliance or device designed to be worn by an individual to minimize the exposure to hazard causing serious injury and illness in the workplace. Personal protective equipment includes items such as protective gowns, face shields, surgical masks, protective goggles, Shoes, disposable gloves and others. The rising COVID-19 pandemic threatens the healthcare system across the world. The adoption of stringent regulatory framework regarding safety of workers and rising COVID-19 cases across the world are the few factors responsible for growth of the market over the forecast period.
For instance according to Worldometer, the number of confirmed Corona virus positive cases were 580 on 22 January 2020 and has risen to 2.5 million number of positive corona virus cases on 21 April 2020, across the world. Furthermore, the introduction of products and strategic alliance by various market players will create a lucrative demand for this market. For instance, as per company’s news release on 15th April 2020, DuPont launched #TyvekTogether, a new program to increase the overall availability of Tyvek® personal protective garments to help combat the spread of COVID-19 and protect health care workers. However, high price of specialized clothing is the major factor restraining the growth of global Personal Protective Equipment market during the forecast period.
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The regional analysis of global Personal Protective Equipment market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world due to the existing infrastructure and major players in this region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026.
Major market player included in this report are:
Honeywell International Inc.
E I Dupont De Nemours and Co.
3M Co.
Kimberly-Clark Corporation
Ansell Limited
MSA Safety Inc.
Lakeland Industries, Inc.
Alpha Pro Tech, Ltd.
Sioen Industries NV
Radians, Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Types:
Hands & Arm Protection Equipment
Protective Clothing
Foot & Leg Protection Equipment
Respiratory Protection Equipment
Eye & Face Protection Equipment
Head Protection Equipment
Others
By End-Use Industry:
Manufacturing
Construction
Oil & Gas
Healthcare
Transportation
Firefighting
Food
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017, 2018
Base year – 2019
Forecast period – 2020 to 2026
Target Audience of the Global Personal Protective Equipment Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
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Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2026 (USD Billion)
1.2.1. Personal Protective Equipment Market, by Region, 2018-2026 (USD Billion)
1.2.2. Personal Protective Equipment Market, by Type, 2018-2026 (USD Billion)
1.2.3. Personal Protective Equipment Market, by End-Use Industry, 2018-2026 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Personal Protective Equipment Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Personal Protective Equipment Market Dynamics
3.1. Personal Protective Equipment Market Impact Analysis (2018-2026)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Personal Protective Equipment Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2016-2026)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Personal Protective Equipment Market, by Type
5.1. Market Snapshot
5.2. Global Personal Protective Equipment Market by Type, Performance – Potential Analysis
5.3. Global Personal Protective Equipment Market Estimates & Forecasts by Type 2016-2026 (USD Billion)
5.4. Personal Protective Equipment Market, Sub Segment Analysis
5.4.1. Hands & Arm Protection Equipment
5.4.2. Protective Clothing
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