Increasing focus on workplace safety and product innovations to boost India personal protective equipment market
According to TechSci Research report, “India Personal Protective Equipment Market By Category, By Industry, By Distribution Channel, By Region, Competition, Forecast & Opportunities, 2026”, India personal protective equipment market is projected to grow at a CAGR of more than 16% during 2021 – 2026 on account of increasing awareness towards worker health and safety, increasing product innovations, and rising incidence of various diseases such as COVID-19. Moreover, increasing number of manufacturing units and construction projects in India are also positively influence the country’s personal protective equipment market.
Browse over 19 market data Figures spread through 70 Pages and an in-depth TOC on“India Personal Protective Equipment Market”
Healthcare personal protective equipment market in India reported rapid growth in FY 2020 due to the impact of novel Coronavirus (COVID-19) across the country. As of May 2020, around 300,0000 personal protective equipment were being produced in India every day to maintain the demand and supply. Higher demand for healthcare personal protective equipment is expected to be witnessed in the coming years, not only by the healthcare workers but also by the common as well. The government has mandated the use of masks for personal safety during the pandemic, and wearing a mask is expected to continue at the public places even after the coronavirus crisis ends.
India personal protective equipment market is segmented based on the category type, industry type, distribution channel, region, and company. Based on the distribution channel, the market is bifurcated into Direct/Institutional Sales and Retail Sales. Until FY 2020, the Direct/Institutional Sales segment dominated the country’s personal protective equipment market due to the availability of a huge product range and discounted product prices.
Major players operating in India personal protective equipment market include Mallcom India Ltd, 3M India Ltd, MSA (India) Limited, Honeywell International India Pvt Ltd and Karam Industries India Private Limited. Other key companies include Udyogi Plastics Private Limited, Venus Safety & Health Private Limited, Sai Synergy LLP, Sure Safety (India) Limited, etc. The companies operating in the market are using strategies such as product launches, mergers and collaborations to boost their market share and to increase their consumer base. Leading players are also increasing their focus on workforce safety and training to ensure proper use of personal protective equipment.
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“In FY 2020, West India held the largest share in India personal protective equipment market, followed by South India. Nevertheless, the country’s North region is anticipated to register fastest CAGR in the coming years, which can be attributed to increasing workforce, contractual and permanent, coupled with rising number of manufacturing and construction facilities across the region.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm. There is a huge demand for the latest personal protective equipment by companies in terms of comfort, style, durability, and quality. In the coming years, more innovation in terms of product offerings is expected as personal protective equipment manufacturing companies have been increasingly focusing on product innovation and the latest production technologies. This is projected to boost demand for personal protective equipment products in India over the next five years. An increasing number of innovations in terms of protective equipment offerings such as seamless gloves, lighter body-covering suits, etc., are being introducing in the market.
“India Personal Protective Equipment Market By Category, By Industry, By Distribution Channel, By Region, Competition, Forecast & Opportunities, 2026” has evaluated the future growth potential of India Personal Protective Equipment market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyses the emerging trends along with essential drivers, challenges, and opportunities in the India Personal Protective Equipment market.
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