Personal Protective Equipment Market Forecast and Size Analysis 2019-2025
Global Personal Protective Equipment Industry was valued at USD 42.50% Million in the year 2017. Global Personal Protective Equipment Industry is further estimated to grow at a CAGR of 6.5% from 2019 to reach USD 69.52 Million by the year 2025. The North America region holds the highest Industry share in 2017 and the Asia Pacific is considered as the fastest growing Industry in the forecasted period. At the country level, U.S, U.K, and China are projected to grow strongly in the coming years due to increased investment by R&D and increased rate of population. Major market players in Personal Protective Equipment industry are Alpha Pro Tech Ltd., Sioen Industries NV, Radians Inc., 3M Company, MSA Safety Inc., Ansell Ltd, Kimberly-Clark Corp., Honeywell International Inc., Carl Zeiss AG., Lakeland Industries, and brief overview of 10 companies is also provided. Similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.
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SWOT Analysis of Personal Protective Equipment Industry: Strength: Increasing awareness of workplace safety