A new study published by Polaris Market Research has announced this figure, alongside a predicted Compound Annual Growth Rate (CAGR) of 7.8% from 2020 to 2026.
The reasons for the rise in demand for Personal Protective Equipment (PPE) are thought to be because employers are becoming increasingly aware of the need to protect the safety of their employees.
The use of PPE is particularly necessary within the manufacturing sector, where guidelines have been enforced by regulatory bodies in order to promote the health and safety of the workforce.
In 2017, the largest share of the PPE market was thought to be in the North American region, and in terms of protective clothing, professional footwear is anticipated to experience the highest growth due to its use across multiple industries.
With the coronavirus pandemic, there will have been a surge in demand for PPE all around the world.