The personal protective equipment market is exhibiting robust growth in the upcoming years. North America and APAC are the major markets for personal protective equipment, owing to many research and development centers and automotive and pharmaceutical companies.
Arizton is pleased to announce its latest report, the personal protective equipment market, shedding light on the dynamic and rapidly evolving industry. The comprehensive report unveils valuable market trends, growth opportunities, and a competitive business landscape. With in-depth analysis and meticulous research, this report serves as a strategic guide for industry players, investors, and decision-makers, offering a comprehensive understanding of the current personal protective equipment market dynamics and future prospects.
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The global personal protective equipment market is to reach USD 34.38 billion by 2028, growing at a CAGR of 7.73%. Browse 78 market data tables and 84 figures spread through 277 pages and in-depth TOC on protein market report by product (reusable and disposable), protection type (protective clothing (coveralls, vests, and others), face protection (face shields and face masks), foot protection, head protection, hand protection, and other protection), application (chemical protection, flame-retardant, life science protection, and other applications), end-user (oil & gas, chemical, pharmaceutical & healthcare, aerospace & defense, automotive, food & beverage, and other industries), and geography (APAC, North America, Europe, Latin America, and Middle East & Africa)
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The personal protective equipment market is exhibiting robust growth in the upcoming years. North America and APAC are the major markets for personal protective equipment, owing to many research and development centers, automotive and pharmaceutical companies in these regions. Nevertheless, the Asia-Pacific region is expected to witness the highest growth rate in the personal protective equipment market, driven by the increasing investments in research and development activities and the growth of the healthcare sector in developing economies such as India and China.
The personal protective equipment market is highly competitive, with several large and small players operating in the market. Key players in the market include 3M, Honeywell, Ansell, MSA, and others. These companies are concentrating on developing new and innovative products to cater to customers' evolving needs and gain a competitive edge in the market.
Furthermore, the emergence of pandemic challenges such as COVID-19 has driven the future growth of the global PPE market. Also, various innovative features in body suits and helmets for tracking activity, easy communication with workers, and safety features are expected to drive future market growth globally. For instance, In June 2020, helmets with trackers were launched to track workers in Europe and North American workplaces. Hence, the market is likely to grow at a healthier rate in the coming years.
Growing Concerned Towards Packaging Industry Leveraging Demand for Personal Protective Equipment
In this hectic world, comfort at every step of life has become an inseparable need for any human being. They want to make the minimum possible effort to get what is now every consumer desires. Earlier, individuals preferred to eat or take homemade foods packed in lunchboxes whenever required. However, the problem of taking extra precautions and longer life span of food and packaged food items entered the market. Packaged foods have become increasingly popular due to their hygienic qualities. Food goods, like milk and bread, are protected against U.V. radiation by revolutionary packaging materials, including a layer of metal with a specific coating or packaged material stamped with black ink. They are becoming more popular since urban inhabitants find them to be so helpful in both developed and underdeveloped countries. Specific packages, for instance, use oxygen absorbers to eliminate or significantly reduce the amount of oxygen in food goods. Removing oxygen helps stop the food product from oxidizing and developing a brown color. In addition to technical advancements, the industry has seen a sharp increase in the demand for convenience meals globally. Therefore, supporting the market demand for personal protective equipment in the emerging food packaging industry.
In 2020, Japan's food packaging machinery market was valued at $4.5 billion (¥516 billion), showing an 8 percent increase from 2015. Despite Japan's population decrease by over 2 million in the past decade, the food processing and packaging sector is expanding. By 2065, Japan's workforce is expected to decline by 40 percent, leading to a rise in demand for advanced packaging machinery and automated systems. The Japanese Government has launched initiatives to support small and medium-sized enterprises to invest in food processing plants and equipment upgrades, promoting increased automation to address this demand.
The dynamics of the Japanese population also impact food consumption trends and how food is processed. Food processing companies in Japan need to adjust their solutions and equipment to keep up with changing demand. In 2020, approximately 38 percent of the population lived in single-person households, a 13 percent increase from 2015. This significant lifestyle change inevitably impacts consumers' purchasing habits, especially regarding food. Demand for compact packaged food is higher than for bulk packaged food since large family gatherings around meals are no longer common.
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