The Global Personal Protective Equipment Market is projected to reach $72,931.15 million by 2027, from a value of $43,959.61 million in 2020, by registering a CAGR of 7.5% during the forecast period. Growing awareness about importance of workplace safety, increasing adoption of stringent regulatory framework, high growth in developing economies, improved technical support, increasing awareness of the price-performance ratio of products are the major factors propelling the growth of the market. However, high price of specialized clothing and increased automation in end-use industries are hampering market growth. Moreover, rising demand for multipurpose equipment, growing contract-based manufacturing of PPE designed according to distributor specifications, primarily in developed economies of North America and Western Europe, are creating ample opportunities across the globe.
Recent Developments
In March 2020, Ansell announced a partnership with Modjoul for the development of hand protection solutions using motion-ergonomics. Modjoul is a company providing IoT solutions and analytics based in South Carolina. This partnership would enable the company to introduce IoT in hand protection solutions for ensuring a better user experience.
In April 2020, Medicom declared its plan to set up a mask production facility in Montreal, Quebec, to support and ensure the supply of PPE during the outbreak of the COVID-19 pandemic.
In April 2020, IREMA Ireland announced the plan to boost the production of virus-blocking masks up to 250000 units per week amidst the outbreak of the COVID-19 pandemic. Moreover, to build competitiveness, companies are increasing their existing product offerings.
In April 2020, Mallcom (India) Limited planned to launch PPE overall and shoe cover that will be an addition to the product range of disposable recyclable face masks for the medical industry. The set of PPE overall will be available in 2 variations along with the shoe cover.
Competitive Landscape
3M, Ansell Ltd., Avon Rubber plc, BartelsRieger Atemschutztechnik GmbH, COFRA S.r.l., DuPont, Gateway Safety, Inc., Honeywell International, Inc., Lakeland Industries, Inc., Lindstrom Group, Mine Safety Appliances (MSA) Company, Polison Corp., Radians, Inc., Rock Fall (U.K.) Ltd., Medicom, Mallcom (India) Limited, Uvex Safety Group, and IREMA Ireland are some of the major players in the global Personal Protective Equipment market.