Personal Protective Equipment Market: Future Market Projections for Forthcoming years
Verfasser: ashwani_kailiya on Tuesday, 12 May 2020The global personal protective equipment market is forecasted to exhibit an impressive CAGR of 6.5% during the forecast period (2020-2029), according to a market study by Fact.MR. Factors predominantly fueling the growth are rapid urbanization coupled with increasingly stringent labor safety laws across the globe, which are mandating the use of personal protective equipment for the involved workforce. The growing investments in high-hazard industries, is in turn, propelling demand for the equipment.
Moreover, advancements in material sciences and manufacturing technologies are increasing the adoption of cost-efficient protective gear. The outbreak of COVID-19 is boosting the demand for personal protective equipment. The widespread outbreak of the infection is creating substantial revenue opportunities for players in the market, as the equipment plays a critical role in controlling the spread of the infection.
“To support the healthcare workers and others working in the frontline, Indian companies and government entities recently placed an order for 15 million personal protective equipment kits. Such steps from various governments will result in a sharp spike in global sales of personal protective equipment,” says the Fact.MR study.
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