Selbyville, Delaware, Nov. 10, 2022 (GLOBE NEWSWIRE) -- According to a new research report by Global Market Insights Inc., the global Personal Protective Equipment Market is slated to amass USD 110 billion by 2032.
Considerable rise in efforts pertaining to ensuring safety and security compliances by employers at the workplace will propel PPE demand from 2023 to 2032. There has been increased cognizance about improving the existing workers' safety norms among organizations globally. The rising concerns about maintaining safety in the workplace can be attributed to the increasing incidences of occupational diseases and workplace injuries.
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For instance, according to the United Nations Global Compact, work-related diseases and occupational accidents lead to an estimated 2.78 million workers’ death globally each year. Additionally, non-fatal occupational accidents affect nearly 374 million workers. The growing emphasis on minimizing injuries, illness, and accidents among employees working in hazardous work environments and the rising awareness about the significance of workplace safety on the organizations' morale, profitability, and productivity will offer a noticeable boost to the worldwide PPE industry.
Surging incidences of airborne infections to boost the sales of eye and face PPEs
Eye and face protection segment valuation is expected to cross USD 10 billion by 2032. The massive rise in these infections and the consistently rising air pollution levels across numerous economies have significantly pushed the requirement for face masks and shields as part of preventive measures. In addition, the prevalence of infectious diseases such as COVID-19, which necessitate protection from airborne droplets, will cause a visible surge in the eye and face PPE sales.
Browse key industry insights spread across 470 pages with 654 market data tables and 65 figures & charts from the report “Personal Protective Equipment (PPE) Market Statistics, By Product (Head [Safety Helmets & Hard Hats, Bump Caps], Eye & Face Protection [Face Protection, Eye Protection – Plano], Hearing Protection [Cap Mounted, Over the Head Type, Disposable], Protective Clothing [Flame Retardant Apparel, Chemical Defending Garment, High Visibility Clothing], Respiratory Protection [SCBA – Fire Service, SCBA – Industrial, APR – Disposable, Emergency Escape Devices], Protective Footwear, Fall Protection [Personal Systems, Engineered Systems], Hand Protection), Application (Construction, Oil & Gas, Manufacturing, Chemicals, Pharmaceutical, Food, Transportation), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2023 – 2032”, in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/personal-protective-equipment-ppe-market
Hazardous work environments to escalate product adoption across oil & gas sector
personal protective equipment market from oil & gas applications is likely to register over 8% CAGR through 2032. The escalating efforts by the companies operating in the oil & gas industry to achieve technological expertise and attain energy independence will create remarkable growth opportunities for the PPE market. Besides, the hazardous work environment across these industries that poses risks of eye, head, and face injuries may propel product adoption throughout the forecast timeframe.
Expanding manufacturing sector to streamline industry growth across the Asia Pacific
Asia Pacific PPE market was worth over USD 11 billion in 2022 and is anticipated to accrue a decent market share by 2032. The increasing number of automotive, petrochemical, and electronic manufacturers making their foray into regional economies such as India and China may amplify the APAC market size during the projection timeline. The implementation of stringent lockdown norms and workplace safety measures against the backdrop of the COVID-19 pandemic will further bolster the regional market landscape.
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Advanced innovations to stimulate the strategic outlook
Prominent enterprises participating in the personal protective equipment market are DuPont, 3M, Honeywell International, Ansell Ltd, MSA Company, COFRA SRL, and UVEX Safety Group GmbH, among others. Companies operating in the market have been focusing on developing technologically advanced equipment to meet the requirements of the widely expanding consumer base.
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About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
