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COVID-19 Outbreak to Influence Growth Prospects of Personal Protective Equipment (PPE) Market: TMR

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News provided by

Transparency Market Research

10 Feb, 2021, 08:30 GMT

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-  The novel coronavirus outbreak has increased the growth rate of the personal protective equipment market to a great extent and will continue to observe growth across the assessment period of 2017-2025

-  The global personal protective equipment market is expected to record a CAGR of 7 percent during the tenure of 2017-2025

ALBANY, N.Y., Feb. 10, 2021 /PRNewswire/ -- The demand for personal protective equipment has increased substantially over the years, especially during the COVID-19 outbreak across the globe. Thus, this aspect has benefitted the growth of the personal protective equipment market to a great extent. The outbreak will continue adding extra stars of growth to the personal protective equipment market during the assessment period of 2017-2025.

Personal protective equipment helps in guarding individuals from injuries and infections. This equipment is beneficial in protecting a person from a plethora of hazards and infections. The escalating prevalence of contagions across the globe and the rising industrialization around the world may bring immense growth prospects for the personal protective equipment market during the assessment period.

The Transparency Market Research (TMR) experts, after a detailed and exhaustive analysis on every growth aspect, conclude that the global personal protective equipment market expects to record a CAGR of 7 percent during the forecast period of 2017-2025. The global personal protective equipment market was US$ 40.4 bn in 2016 in terms of valuation and is extrapolated to be valued at US$ 72.08 by 2025.

Download PDF Brochure – https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=842

The rapid industrialization around the globe and the increasing COVID-19 infections may serve as prominent growth boosters for the personal protective equipment market. Governments of numerous countries passed regulations to meet the heightening demand for personal protective equipment. New companies are also emerging and various subsidies are being given to them by the government, eventually increasing the growth rate of the personal protective equipment market.

Analyze global personal protective equipment (PPE) market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study

Key Findings of the Report

Government Support to Play a Key Role in Boosting the Growth of the Personal Protective Equipment Market

The government bodies of numerous countries urged manufacturers to ramp up the production of personal protective equipment as soon as the pandemic started to worsen. The excessive demand for personal protective equipment from frontline COVID-19 warriors such as police and healthcare workers led the governments to pass certain acts for boosting the production of personal protective equipment and other essentials required for tackling COVID-19 infections.

For instance, former U.S. President Donald Trump invoked the Defense Production Act in March 2020 for accelerating the production of personal protective equipment and ventilators. President Joe Biden recently directed the federal agencies to use the Defense Production Act to propel the supply of personal protective equipment, vaccine materials, and testing kits. Such developments bring tremendous growth opportunities for the personal protective equipment market.

Request the Covid19 Impact Analysis at

https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=842

Awareness about Employee Safety to Lay a Red Carpet of Growth across the Personal Protective Equipment Market

The rising awareness about the safety of the employees while they work at industrial units and construction sites will steer the personal protective equipment market toward growth. Hence, the increasing consideration of worker safety in mining, manufacturing industries, oil and gas, and others may bring immense growth prospects for the personal protective equipment market.

Utilization of biodegradable materials to boost the growth of the personal protective equipment market

The popularity of the utilization of eco-friendly materials for personal protective equipment is increasing at a considerable rate. A large chunk of individuals across the globe prefer items made from eco-friendly materials. Thus, manufacturers are focusing on the development of eco-friendly personal protective equipment.

Explore 204 pages of superlative research, current market scenario, and extensive geographical projections. Gain insights into the Personal Protective Equipment Market (Product Type - Eye and Face Protection, Head Protection, Hearing Protection, Protective Clothing, Respiratory Protection, Professional Footwear, Fall Protection, and Hand Protection; Application - Construction, Manufacturing, Oil & Gas, Chemicals, Food, Pharmaceuticals, Transportation, and Healthcare) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025 at https://www.transparencymarketresearch.com/personal-protective-equipment.html

Explore Transparency Market Research's award-winning coverage of the Global  Consumer Goods & Services Industry:

Casual and Sports Insoles Market – The casual and sports insoles market is currently witnessing significant activity in terms of product development. Owing to rapid penetration of the Internet, consumer awareness related to the benefits of using insoles in casual and sports shoes has increased at a rapid rate.

Electric Shavers Market – The increasing demand for electric shavers among the female population is one of the key factors driving the electric shavers market at the global level. The female population make a lucrative consumer segment, which manufacturers are eyeing to capitalize on.

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals. Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

Contact

Mr Rohit Bhisey
Transparency Market Research
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USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
Press Release Source: https://www.transparencymarketresearch.com/pressrelease/personal-protective-equipment.htm
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SOURCE Transparency Market Research

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