The global face shields market size is expected to gain momentum by reaching USD 1,642.1 million by 2028. Fortune Business Insights in its latest report, titled “Face Shields Market, 2021-2028.”, observes that the market stood at USD 832.3 million in 2020 and is projected to exhibit a CAGR of 8.8% between 2021 and 2028. This is attributable to the increasing awareness regarding industrial occupational hazards that is likely to surge the demand for the product.
Market Segmentation:
Based on the product, the global market is bifurcated into a full face shield and half face shield. On the basis of type, the market is divided into reusable and disposable. Furthermore, on the basis of the end-user industry, the market is classified into manufacturing, construction, oil & gas, chemical, food, pharmaceutical, transportation, and others. Lastly, on the basis of region, the market is segregated into North America, Europe, Latin America, the Middle East and Africa, and Asia-Pacific.
What does the Report Include?
The market report includes qualitative and quantitative analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies to announce partnerships, introduce new products, and collaborate that will further contribute to the growth of the market between 2021 and 2028. Moreover, the research analyst has adopted several research methodologies such as SWOT and PESTEL analysis to extract information about the current trends and industry developments that will drive the market growth during the forecast period.
DRIVING FACTORS
Increasing Awareness Regarding Occupational Hazards to Aid Growth
According to the Occupational Safety and Health Administration (OSHA), eye accidents cost more than USD 300 million annually in medical costs. Additionally, according to the National Institute for Occupational Safety and Health (NIOSH), eye injuries at the workplace occur due to small particles or objects such as wood chips, metal slivers, or dust striking or rubbing the eye. To prevent such hazards, the government agencies and the companies are creating awareness regarding the safety of the workers. This is anticipated to contribute to the global face shields market growth in the forthcoming years.
Information Source -https://www.fortunebusinessins....ights.com/face-shiel