Global Personal Protective Equipment (Ppe) Market Size Worth Usd 67.6 Billion by 2023

Personal Protective Equipment (PPE) Market size is predicted to touch $67.61 billion by end of 2023 and register CAGR of 7.3% during forecast period.Growing employee safety and health issues coupled with rising industrial fatalities across unregulated industries will promote personal protective equipment (PPE) industry growth.

Technological breakthroughs that focus on sustainable low priced materials can be critical for ensuring a steady personal protective equipment industry price trend and retain penetration. Powerful monetary and infrastructure pointers in emerging nations like India and China are predicted to drive the PPE industry size in future. OSHA (Occupational safety and health administration) security guidelines in U.S. and Europe are predicted to push industry growth.

Product Trends

Hand protectionsegment is forecast to register CAGR of 7% during forecast period with industry size evaluated at $8.65 billion for 2015 and predicted revenue of $14.8 billion by end of forecast period. Chemical, pharmaceutical, production & construction and food industries are the key demand opportunities for the segment.

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Protective footwear segment is predicted to gain personal protective equipment (PPE) industry share and contribute more than 18% in terms of revenue by 2023. Other product segmentsinclude respiratory protection, head, hearing and face.

Application Trends

Production applications are predicted to contribute a substantial amount to the global personal protective equipment (PPE) market share.The segment contributed about more than 20% of industry revenue for 2015 with CAGR of more than 7%.

Transport applications contributed near about $5.1 billion for 2015 and the segment offers substantial business & revenue growth opportunities for the industry.

Construction is yet another highly expanding application with predicted CAGR of 7.4% by...