While the global market for personal protective equipment (PPE) has always been deceptively large, it has recently seen accelerated growth that has been forecast to continue over the course of the next six years.
More specifically, the PPE sector is expected to peak at a value of $118.8 billion by the year 2028, with this highlighting a compound annual growth rate (CAGR) during the forecast period.
There are numerous factors behind this rise in demand for global PPE, such as an increased governmental realisation of it’s value within multiple industries and stricter regulations concerning the use of such equipment, but will this trend continue and in which sectors is the level of demand likely to be most prevalent?
Let’s find out!
Continue reading “Appraising the Increase in Demand for Global PPE!”