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U.S. Personal Protective Equipment Industry anticipated to grow at a compounded annual growth rate (CAGR) of 6.7% from 2022 to 2030

  U.S. Personal Protective Equipment   Industry Overview   The U.S. PPE market size was estimated at USD 23.65 billion in 2021 and is anticipated to grow at a compounded annual growth rate (CAGR) of 6.7% from 2022 to 2030. Increasing awareness regarding worker safety on the workshop floor is expected to augment demand for personal protective equipment (PPE) during the forecast period. Demand for PPE in the country increased significantly during COVID-19 owing to its ability to protect the wearer from the virus. Furthermore, restrictions on imports boosted domestic production of PPE. In the U.S., stringent laws such as Families First Coronavirus Response Act were implemented for protecting public health workers and curb the spread of COVID-19. The government of the U.S. has been actively involved in legislating worker health & safety laws. The U.S. Department of Labor has legislated Mine Safety and Health Act 1977 exclusively for the safety and...

Personal Protective Equipment Procurement Intelligence expected to grow at a 6.7% CAGR from 2023 to 2030

  Personal Protective Equipment   Procurement Intelligence The personal protective equipment (PPE) category is anticipated to expand at a CAGR of 6.7% from 2023 to 2030. In 2022, North America accounted for 30% of the market share followed by Europe and APAC. Many small and medium-sized organizations are procuring protective clothing and equipment from low-cost independent manufacturers located in the APAC region. The APAC market is projected to witness the fastest growth during the forecast period. The major cost components are raw materials, equipment and manufacturing, testing and labor, along with facilities and maintenance. However, the overall cost of clothing or any equipment may depend on multiple factors such as customizations, types of raw materials used, quality of the product, the time required for manufacturing, testing, and standards, etc. For instance, reusable PPE clothing will relatively cost more than disposable one. Similarly, non-woven fabrics can be manufa...