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As per the recently published report by MarketsandMarkets™, the “Personal Protective Equipment Market by Type (Hand & Arm Protection, Protective Clothing, Foot & Leg Protection), End-use Industry (Manufacturing, Construction, Oil & Gas, Healthcare, Transportation, Firefighting, Food), Region – Global Forecast to 2028″, In terms of value, the personal protective equipment market is estimated to grow from USD 54.0 billion in 2023 to USD 69.4 billion by 2028, at a CAGR of 5.1%. Rising demand of personal protective equipment from industries such as healthcare, manufacturing, construction, oil & gas, food, transportation, firefighting, and others for variety of applications is leading the market. During the forecast period, this is anticipated to expand the personal protective equipment market even more.
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- 239 Market data Tables
- 51 Figures
- 283 Pages and in-depth TOC on “Personal Protective Equipment Market – Global Forecast to 2028″
This report also provides a comprehensive analysis of the companies listed below:
The personal protective equipment market is evolving, with major players playing a vital role in developing new and advanced products. Honeywell International Inc. (US), DuPont de Nemours, Inc. (US), 3M Company (US), Ansell Limited (Australia), Kimberly-Clark Corporation (US), Lakeland Industries, Inc. (US), Alpha Pro Tech, Ltd. (Canada), Sioen Industries NV (Belgium), Radians Inc. (US), and MSA Safety Inc. (US) are key players in the personal protective equipment market. These players have adopted various growth strategies to strengthen their position in the market. These include new product launches, mergers and acquisitions, contracts, partnerships, and product development activities to further expand their presence in the personal protective equipment market.
Recent Developments in Personal Protective Equipment Market
- In 2022, Honeywell International Inc. announced a commercial partnership with AstraZeneca to develop next-generation respiratory inhalers that use near-zero global warming potential (GWP) propellants to treat asthma and chronic obstructive pulmonary disease (COPD).
- In 2020, 3M Company expanded its business by increasing its monthly production rate of N95 respirators from thirty-five million respirators to more than ninety-five million respirators as ordered by the US Department of Defense due to the COVID-19 crisis. This will help the company to fulfill the increasing demand for the N95 respirators.
- In 2020, DuPont de Nemours, Inc. announced a partnership with Merrow (US) to supply Tyvek material to Merrow for the manufacture of isolation gowns made with Tyvek 1222A as part of the #TyvekTogether program. This partnership will help the company to diversify its product material.
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Honeywell International Inc.
Honeywell International Inc. is a multinational company known for its diverse range of products and services, including a strong presence in the personal protective equipment (PPE) market. With a more than a century-long history, the company has gained a reputation for innovation and excellence in the manufacture of PPE goods. Honeywell International Inc. focus to individual safety and well-being is obvious in its comprehensive range of PPE options, which includes ranging from high-quality safety goggles, respiratory protection, and gloves to innovative hearing protection and headgear. For instance, in February 2022, Honeywell International Inc. announced a partnership with AstraZeneca to develop new-generation respiratory inhalers that use near-zero global warming potential propellants to treat chronic obstructive pulmonary disease (COPD) and asthma. This partnership will help the company to cover a broad range of markets. Moreover, in September 2020, the company announced that NFL’s Carolina Panthers and Honeywell International Inc. have collaborated to create a safer stadium experience by offering individual personal protective equipment packs for Panthers staff and fans, as well as deploying air quality monitoring solutions, through a custom real-time Healthy Buildings dashboard. The partnership will help the company to develop infinite possibilities in the personal protective equipment market with modern technology.
3M Company
3M Company is one of the top producers and creators of personal protective equipment and industrial products worldwide. The company’s commitment to safety and well-being can be seen in its extensive PPE options, which include high-quality respiratory protection, safety glasses, hearing protection, and a wide range of additional safety solutions. The company offers a comprehensive range of PPE products that cater to diverse industries, from healthcare, manufacturing, construction, oil & gas, food, transportation, firefighting, and others. The Company expands certain businesses from time to time which are aligned with its strategic intent with respect to, among other factors, growth markets and adjacent product lines or technologies. For instance, in May 2022, the company announced an expansion to grow its plant in Valley, Nebraska. The Company is investing approximately USD 58 million to fund the 80,000 square foot expansion that is expected to create approximately fifty new jobs at the facility. This facility is expected to produce respiratory and hearing protection products.
Based on region, Asia Pacific stands out as the fastest growing market for personal protective equipment. This is primarily attributed to protecting the employees in key industries such as healthcare, manufacturing, construction, oil & gas, food, transportation, firefighting, and others. On the other hand, the rising demand observed in emerging economies like China, India, and Japan also plays a crucial role.
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