The Latest Personal Protective Equipment Industry Statistics Explained
The global personal protective equipment market was valued at USD 59.1 billion in 2019.
The statistic indicates that in 2019, the total value of the global market for personal protective equipment (PPE) was estimated to be USD 59.1 billion. This figure highlights the substantial size and importance of the PPE market on a global scale, suggesting a high demand for protective gear such as masks, gloves, helmets, and clothing to ensure worker safety in various industries. The value of the market reflects the significant investments made by businesses, organizations, and governments to provide necessary protective equipment for workers and individuals to prevent occupational hazards, promote workplace safety, and mitigate the risks associated with various environmental and health-related threats.
The personal protective equipment industry is projected to register a CAGR of 6.7% during the forecast period of 2020-2025.
This statistic indicates that the personal protective equipment (PPE) industry is expected to experience steady growth over the forecast period of 2020-2025, with a Compound Annual Growth Rate (CAGR) of 6.7%. A CAGR of 6.7% suggests that the industry’s revenue or market size is expected to increase at a consistent rate each year over the specified time frame. This growth rate signals a positive outlook for the PPE industry, likely driven by factors such as increasing awareness about workplace safety, stringent regulations, and the ongoing COVID-19 pandemic emphasizing the importance of PPE. Organizations operating within the PPE industry can leverage this projected growth rate to make informed decisions regarding investments, expansion strategies, and market positioning to capitalize on potential opportunities in the coming years.
The hand protection segment dominated the market and is likely to grow over the period of 2020-2025 with a rate of around 6.9%.
The statistic suggests that the hand protection segment holds a leading position in the market and is expected to continue its dominance through the years 2020-2025 with a growth rate of approximately 6.9%. This indicates that there is a strong demand for hand protection products, such as gloves and other protective gear, likely driven by factors such as increasing awareness about safety and hygiene in various industries, as well as the ongoing global health crisis. The projected growth rate of 6.9% signifies a promising outlook for the hand protection segment, with opportunities for market expansion and innovation in the coming years.
North America dominates the personal protective equipment market with a 37.4% share.
The statistic “North America dominates the personal protective equipment market with a 37.4% share” indicates that North America holds a significant portion of the market relative to other regions. This means that a large portion of the personal protective equipment industry, which includes products such as gloves, helmets, and masks designed to protect workers from physical and health hazards, is concentrated in North America. This dominance suggests that the region has a strong presence in manufacturing, demand, or innovation within the personal protective equipment sector, potentially reflecting factors such as stringent safety regulations, a high level of industrial activity, or an emphasis on worker safety. Understanding this market dominance can inform industry stakeholders, policymakers, and business decision-makers about the importance of North America in the global personal protective equipment market landscape.
Manufacturing was the largest end-use segment in 2019, accounting for a share of 39.8% of the personal protective equipment market.
The statistic ‘Manufacturing was the largest end-use segment in 2019, accounting for a share of 39.8% of the personal protective equipment market’ indicates that within the personal protective equipment market, the sector that utilized PPE the most in 2019 was manufacturing, representing nearly 40% of the market share. This suggests that manufacturing industries placed a strong emphasis on worker safety and protection by investing in a significant amount of PPE to ensure the well-being and health of their employees. This statistic highlights the importance of PPE in the manufacturing sector and underscores the critical role it plays in ensuring occupational safety and health standards are met within the industry.
Asia-Pacific is projected to be the fastest-growing market for PPE, with a CAGR of 7.6% from 2020 to 2025.
The statistic indicates that the Asia-Pacific region is forecasted to experience the highest growth rate in the Personal Protective Equipment (PPE) market, with a Compound Annual Growth Rate (CAGR) of 7.6% from 2020 to 2025. This means that the demand for PPE in countries within the Asia-Pacific region is expected to increase significantly over the specified time period. Factors such as industrial development, increasing awareness about safety measures, and stringent regulations on workplace safety are likely to drive this growth. Businesses operating in the PPE market might consider expanding their operations or investing in the Asia-Pacific region to capitalize on the projected growth opportunities.
The PPE market size in the oil and gas industry is expected to grow by USD 3.84 billion during 2020-2024.
The statistic indicates that the personal protective equipment (PPE) market within the oil and gas industry is anticipated to see significant growth over the period of 2020 to 2024, with a projected increase in market size amounting to USD 3.84 billion. This growth suggests a rising demand for PPE products within the industry, likely driven by factors such as increasing safety regulations, a focus on worker protection, and growing awareness of occupational hazards. The substantial expansion in market size signifies potential opportunities for PPE manufacturers and suppliers operating in the oil and gas sector, as well as underscores the importance placed on ensuring worker safety in this industry.
The PPE market in the UK is estimated to grow close to GBP 1 billion during the period 2021-2025.
The statistic indicates that the market for personal protective equipment (PPE) in the United Kingdom is projected to expand by nearly GBP 1 billion between the years 2021 and 2025. This growth suggests an increased demand for PPE products, likely driven by various factors such as the ongoing COVID-19 pandemic, occupational health and safety regulations, and a growing awareness of the importance of personal protection in various industries. The significant increase in market size signifies potential opportunities for PPE manufacturers and suppliers to capitalize on the rising demand for protective equipment in the UK during the specified period.
Protective clothing held the largest PPE market share of 27.9% in 2019.
The statistic indicates that protective clothing, such as coveralls, gloves, and helmets, accounted for the highest proportion of the Personal Protective Equipment (PPE) market in 2019, with a market share of 27.9%. This suggests that there was a significant demand for protective clothing among industries and individuals to ensure safety and protection against hazards in the workplace or specific environments. The high market share also implies that there was a substantial investment in ensuring the well-being and safety of workers, highlighting the importance placed on protective measures in various sectors such as manufacturing, construction, healthcare, and others.
The construction sector emerged as the largest application segment for PPE and accounted for 24.3% of the total market revenue in 2019.
The statistic indicates that in 2019, the construction sector was the primary user of Personal Protective Equipment (PPE), constituting 24.3% of the overall market revenue. This suggests that a significant portion of the demand for PPE came from the construction industry, highlighting the industry’s focus on ensuring the safety and well-being of its workforce. The high utilization of PPE in the construction sector likely reflects the hazardous nature of the work environment, where protective gear is essential to mitigate risks and prevent accidents. By accounting for nearly a quarter of the total market revenue, the construction sector emerges as a key driver of the PPE market, underscoring the importance of workplace safety in the industry.
The global safety helmet market is expected to rise at a solid CAGR of 6.0% from 2020 to 2030.
This statistic indicates that the global safety helmet market is projected to experience a Compound Annual Growth Rate (CAGR) of 6.0% from the year 2020 to 2030. This means that on average, the market is anticipated to grow by 6.0% every year during this timeframe. A CAGR provides a smoother representation of the market’s growth over a specified period, as it considers the effect of compounding. A CAGR of 6.0% suggests a steady and consistent growth trajectory for the safety helmet market, reflecting potential increased demand for safety helmets across various industries and regions over the next decade.
The global PPE gloves market size was estimated at USD 10.44 billion in 2020.
The statistic indicates that the total market value of personal protective equipment (PPE) gloves worldwide was approximately USD 10.44 billion in the year 2020. This figure illustrates the significant scale and importance of the global PPE gloves market, which includes various types of gloves such as disposable gloves, chemical-resistant gloves, and cut-resistant gloves used across a wide range of industries such as healthcare, manufacturing, and food processing. The high market size reflects the growing awareness and emphasis on worker safety, particularly in the context of the COVID-19 pandemic, which has led to an increased demand for PPE gloves to prevent the spread of infectious diseases and ensure workplace safety.
The demand for disposable gloves from the healthcare industry across the globe is expected to surge owing to the rising prevalence of chronic diseases, such as diabetes, and other infectious diseases such as the coronavirus.
The statistic highlights a significant increase in the demand for disposable gloves within the healthcare industry on a global scale. This surge in demand is attributed to the growing prevalence of chronic diseases like diabetes and infectious diseases such as the coronavirus, which necessitate increased protective measures for healthcare workers and patients. The use of disposable gloves is essential in maintaining hygiene standards and preventing the spread of infections within healthcare settings. As a result, healthcare facilities are expected to see a rise in glove usage to meet the heightened demand due to these health-related factors, indicating a key trend in the industry.
By 2027, the European PPE market size is projected to reach USD 20.76 billion.
The statistic stating that by 2027, the European Personal Protective Equipment (PPE) market size is projected to reach USD 20.76 billion indicates the anticipated value of the market for PPE products within the European region by that year. This figure serves as a forecast of the total revenue generated from the sales of various types of PPE including items such as face masks, gloves, protective clothing, and goggles. The projected growth in the market size suggests an increasing demand for PPE products in Europe, likely driven by factors such as workplace safety regulations, healthcare requirements, and a heightened awareness of the importance of personal protection in various industries. This statistic is valuable for stakeholders in the PPE industry, policymakers, and businesses looking to capitalize on the projected market growth in the coming years.
The Latin America PPE market size was valued at USD 3.33 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 7.0% from 2020 to 2027.
The statistic provided indicates that the Latin America personal protective equipment (PPE) market was worth USD 3.33 billion in 2019. Moreover, it is anticipated that this market will experience a consistent growth rate of 7.0% annually from 2020 to 2027. This suggests that the market is expected to expand steadily over the specified period, with the potential for increased demand and investment in PPE within the Latin American region. This growth rate can serve as a crucial indicator for businesses and stakeholders operating in the PPE industry, providing insight into future market trends and opportunities for strategic planning and decision-making.
References
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