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Pune, India, Feb. 23, 2022 (GLOBE NEWSWIRE) — The global personal protective equipment market is set to gain impetus from the persistent efforts by manufacturers operating in the US to make the environment cleaner, safer, and greener. Several glove producers are trying to reduce energy consumption by enhancing the existing machines or developing new ones. In April 2020, for instance, Mallcom (India) Limited announced its plan to introduce new shoe covers and PPE overalls in addition to its recyclable and disposable face mask, especially for the medical industry. This information is given by Fortune Business Insights™ in a new report, titled“Personal Protective Equipment (PPE) Market, 2021-2028.” As per the report, the PPE market size was USD 128,675.1 million in 2020 and is projected to reach USD 231,630.4 million by 2028, exhibiting a CAGR of 7.6% during the forecast period.
COVID-19 Pandemic: Constant Support of Multilateral Development Banks to Spur Growth
The COVID-19 pandemic has resulted in disruptions in the supply chain of personal protective equipment as the demand for it is growing at a fast pace across the globe. Trade restrictions and export bans have also hampered PPE distribution and production. Several multilateral development banks are currently helping manufacturers to strengthen their trade finance programs & supply chains and surge production capacities. Our reports will help you gain complete insights into the market to invest in significant areas.
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Drivers & Restraints-
Rising Cases of Workplace Hazards Worldwide to Augment Growth
The rising number of ongoing and planned construction and infrastructure projects, especially in India, China, and the US is anticipated to propel the personal protective equipment market growth in the near future. According to the Occupational Safety and Health Administration (OSHA), in 2019 , approximately 5,333 workers died on job. Also, on average, around 15 deaths took place every day in the same year. Hence, the need to provide construction workers with protective shoes or boots with slip or puncture-resistant soles is set to surge rapidly . At the same time, regulatory bodies of various countries are implementing strict norms to protect workers against falls, electrocution, trench cave-ins, …
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