The PPE Category in APAC to Witnesses Enhanced Demand as Small and Medium-sized Organizations Look Forward to Procuring from low-cost Independent Manufacturers in the Region - Grand View Research, Inc.
SAN FRANCISCO, July 5, 2023 /PRNewswire/ -- The personal protective equipment (PPE) category is anticipated to expand at a CAGR of 6.7% from 2022 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.
- 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.