Japan PPE Gloves Market to Grow with a CAGR of 6.44% During 2021-2030; Market to Grow on Account of Growing Focus on Safety in Workplaces
Kenneth Research published a report titled Japan PPE Gloves Market: Demand Analysis & Opportunity Outlook 2030 which delivers detailed overview of the Japan PPE gloves market in terms of market segmentation by type, material, distribution channel, end-user industry, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The Japan PPE gloves market is anticipated to grow with a CAGR of 6.44% over the forecast period, i.e., 2021 – 2030. The market is segmented by material into latex, nitrile, neoprene, Kevlar, leather, vinyl, and others, out of which, the nitrile segment is expected to gain the largest revenue of USD 1561.04 Million by the end of 2030. Moreover, in the year 2020, the segment generated a revenue if USD 857.44 Million.
The Japan PPE gloves market is estimated to garner a revenue of USD 3491.97 Million by the end of 2030, by growing from a revenue of USD 1942.31 Million in the year 2020. The surge in demand for safety kits from different end-use industries, along with the increasing use of PPE gloves in the healthcare industry, backed by the growing number of surgeries in the country, are some of the major factors anticipated to drive the growth of the market during the forecast period.
Geographically, the Japan PPE gloves market is segmented into Hokkaido, Tohuko, Kanto, Chubu, Kinki, Chugoku, Shikoku, and Kyushu. Out of these, the market in Kanto is anticipated to garner the largest revenue of USD 1400.28 Million by the end of 2030. Moreover, in the year 2020, the market in the region witnessed a revenue of USD 755.56 Million.
Increasing Incidences of Fatal Accidents at Workplace
The Japan Industrial Safety & Health Association, in one of its statistics, stated that in the year 2020, a total of 802 numbers of fatal accidents were recorded in the country across all industry sectors.
The workers of different industries, such as manufacturing, chemical, and mining among others, have to work on numerous critical situations on a day-to-day basis. As a result, it is highly required to maintain occupational safety by the use of safety kits by these workers. Backed by the rising focus of the Government of Japan on enhancing the safety of the workers in their workplaces, the use of these safety kits has witnessed a massive surge in growth, which in turn, is expected to contribute to the growth of the PPE gloves market in the nation.
However, the fluctuating cost of raw material, and the fear of adverse skin reactions are expected to operate as key restraint to the growth of Japan PPE gloves market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the Japan PPE gloves market which includes company profiling of Supermax Corporation Berhad, Cardinal Health, Inc., Semperit Group, ATG Intelligent Glove Solutions, Honeywell International Inc., DIA RUBBER CO., LTD., 3M Company, Top Glove Corporation Bhd, Ansell Ltd., KIMBERLEY-CLARK CORPORATION, SHOWA GROUP, TOWA Corporation, Hartalega Holdings Berhad, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the Japan PPE gloves market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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