Game-changing Innovations and New Growth Prospects in the Brazilian Personal Protective Equipment Sector
Future growth potential leveraged by growth opportunities in local production
This research presents an assessment of the current status of and future prospects for the Brazilian personal protective equipment (PPE) market. Frost & Sullivan values the Brazilian PPE market at $1,963.6 million in 2021 and projects it will increase at a compound annual growth rate (CAGR) of 4.7% from 2021 to 2026. Protective clothing, foot protection, and hand protection are the largest product segments, accounting for a combined 79.3% of market revenue.
Demand for PPE will increase in the short term, but the world still faces a supply crisis caused by the COVID-19 pandemic. This issue will likely trigger challenges with products and some raw material offers, but will also spur local production in response to supply shortages.
Gross domestic product (GDP) recovery from the 2015–2016 Brazilian economic crisis has been slow, affecting all industries, especially manufacturing and construction. A new economic crisis resulting from the COVID-19 pandemic has reduced the GDP growth rate to negative 4.1% in 2020, affecting all industries and restraining the PPE market.
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