The global PPE market projected to cross $ 93 billion by the end of 2025
Factors like increasing awareness about workplace safety, advancements in technology, rapid industrialization and various government regulations about the safety of employees are some of the major drivers of personal protective equipment market across the globe, according to the market research firm Reportlinker.
Workplace safety regulations by international organizations such as NIOSH, OSHA, and NFPA have mandated that employee safety is a primary priority for employers. Industries such as oil & gas, chemical, manufacturing, and construction are significant contributors to the global GDP. This makes it imperative that employers in these industries ensure that their employees adhere to strict health & safety regulations, which is augmenting demand for personal protective equipment.
The hand & arm protection product segment dominated the market in 2019 and is expected to maintain its dominance in the coming years. This can be attributed to the higher preference and usage of such protective equipment by manufacturing & construction, oil & gas, and firefighting industries. Occupational safety regulations play a major role in driving the market for personal protective equipment.
Mandated policies for companies to maintain worker safety in various industries are driving sales of personal protective equipment across the globe. Moreover, spread of COVID-19 pandemic is also boosting the use of personal protective equipment across the globe.
North America dominated the global personal protective equipment market in 2019, followed by Europe and Asia-Pacific. North America is the largest market in the global personal protective equipment market due to rapid industrialization along with huge investments in manufacturing sector, stringent regulatory scenario, growing employee awareness regarding personal safety, and increasing number of large-scale infrastructure projects.
Based on the distribution channel, the market is bifurcated into Direct/Institutional Sales and Retail Sales. The Direct/Institutional Sales channel dominated the market with the majority share in the global personal protective equipment market in 2019 as most of the consumers buy directly from the company in bulk for their business purposes. Construction & Manufacturing companies are the main buyers for personal protection equipment as they buy these for their workers or employees due to growing awareness and guidelines/mandates regarding the use of personal protection equipment for workplace safety.
Major players operating in the personal protective equipment market are Ansell Limited, 3M Co, Honeywell International Inc., MSA Safety Inc, EI du Pont de Nemours & Co, Kimberly-Clark Corp, Lakeland Industries Inc, Alpha Pro Tech Ltd, Sioen Industries NV, Radians Inc and others. Major companies are launching new products in order to stay competitive in the market.