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PPE market size to hit USD 85.72 Billion by 2026

Rising Preference for Eco-friendly Products

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Oxford Economics, Personal Protective Equipment market, Rate of accidents in the construction, Fortune Business Insights, Chemical Defending

A recent research suggests that the global Personal Protective Equipment (PPE) Market size is projected to reach USD 85.72 billion by 2026, growing at a CAGR of 7.3% during the forecast period. Rising rate of accidents in the construction sector is likely to propel this market in the forthcoming years, as per the new Fortune Business Insights™ report, titled "PPE Market Size, Share and Global Trend By Product (Head Protection {Safety Helmets & Hard Hats, and Bump Caps}, Eye & Face Protection {Safety Spectacles, Safety Goggles, Welding Shields, Face Shields, Head Gear}, Hearing Protection {Cap Mounted Earmuffs, Ear Plugs, Hearing Bands}, Protective Clothing {Flame Retardant Apparel, Chemical Defending Garment, High Visibility Clothing, and Others}, Respiratory Protection {SCBA - Fire Service, SCBA - Industrial, APR – Disposable, and Emergency Escape Devices}, Fall Protection {Soft Goods, Hard Goods, Full Body Harness, Rescue Kits, and Body Belts}, Protective Footwear, Hand Protection, and Others), By Application (Construction, Manufacturing, Oil & Gas, Chemical, Food, Pharmaceutical, Transportation, and Others) and Geography Forecast till 2026". Construction activities are surging across the globe and the global construction industry is expanding at a furious pace.

A recent research report by Oxford Economics found that the world construction industry value will reach $15.5 trillion by 2030. However, this rise has come at a cost in the form of frequent accidents and injuries occurring at construction sites. According to the Occupational Safety and Health Administration (OSHA), nearly 10% of construction workers are injured at construction sites, with the majority of them caused by falls and low-quality of protective gear they wear. In light of such statistics, the demand for PPE is expected to spike in the coming decade and drive the personal protective equipment market trends. According to the report, the value of this market stood at USD 48.97 billion in 2018.

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