The global personal protective equipment market is expected to generate a revenue of $93.5 million by 2026, growing at a CAGR of 10.0% from 2019 to 2026, stated a new report published by Research Dive. The report segments the global market depending on product and application. This report offers comprehensive analysis on drivers, opportunities, restraints, key segments, and major market players.
Factors Boosting the Market Growth
As per the report, substantial use of PPE during the COVID-19 pandemic period is expected to boost the growth of the global personal protective equipment market. On the other hand, increase in automation of the industrial processes and high costs of this equipment is likely to hinder the growth of the global market.
Eye & Face Protection Segment Expected to Experience Considerable Growth
Based on the product, the report classifies the global personal protective equipment market into fall protection, eye & face protection, hearing protection, respiratory protection, head protection, protective clothing, protective footwear, hand protection, and others. Among these, the eye & face protection segment is predicted to garner $16.0 million in 2026 and rise at a CAGR of 11.0% during the forecast period. As the eye & face protection equipment offers great safety, the demand for this equipment has increased significantly during the pandemic phase. Furthermore, several industries including manufacturing, petrochemical, pharmaceutical, forestry, and laboratory are benefiting from the usage of eye & face protection products.
Pharmaceutical Segment to Offer Rewarding Opportunities
By application, the report classifies the global personal protective equipment market into construction, manufacturing, transportation, oil & gas, pharmaceutical, food, and, chemical. Among these, the pharmaceutical segment is expected to garner $17.5 million by 2026 and grow at a CAGR of 10.6% during the forecast period. This is mainly due to increasing importance for secure and safe workspace for employees of the pharmaceutical companies.
Regional Breakdown of the Market
Regionally, the report evaluates the personal protective equipment market across North America, Europe, Asia Pacific, and LAMEA. Among these, the Asia-Pacific region is expected to garner $23.8 million in 2026 and grow at a CAGR of 10.9% during the projected timeframe. This is mainly due to the growing number of the blue-collar workers, increasing focus on technical advances, considerably rising transportation & manufacturing industries, and growing consumer needs for PPE that offer safety without compromising fashion and appearance of individuals.
Top 10 Companies featured in Personal Protective Equipment Market Report:
Honeywell International Inc
Sioen Industries NV
Lakeland Industries, Inc.
Alpha Pro Tech
These players are adopting strategies such as collaborations & partnerships, mergers & acquisitions, and new product development in order to obtain a top position in the global industry.baijian