The Personal Protective Equipment Market size is estimated at USD 27.43 billion in 2024, and is expected to reach USD 51.13 billion by 2029, growing at a CAGR of 13.26% during the forecast period (2024-2029).
The personal protective equipment industry is a sector that is focused and dominated by a few major players, such as 3M Company, Honeywell International Inc., Alpha Pro Tech, Ansell Ltd, and Avon Protective Systems. These major players with significant businesses are focused on expanding their customer base abroad. These companies have used strategic partnerships to grow their business and increase profits. However, with the development of technology and new products, small and medium-sized companies are expanding their business by taking on new contracts and exploring new businesses.
May 2024: KARAM Safety, a global provider of PPE and fall protection solutions, acquired Midas Safety India, a manufacturer of hand protection safety products. The company is expanding its presence and enhancing its product offerings through this acquisition.
January 2024: MSA Safety Inc., a global provider of safety solutions for people and facility infrastructures, opened a new Manufacturing Operations Center in Chelalate, Morocco, to produce various personal protective equipment (PPE) product lines. This new facility will enable MSA to meet the rising demand for its safety products in the EMEA region.
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