Personal Protective Equipment Procurement Intelligence Develop at a CAGR of 6.7% Till 2030Posted by rahul nikade on May 21st, 2024 Personal Protective Equipment Procurement Intelligence In this Personal Protective Equipment (PPE) procurement intelligence report, we have estimated the pricing of the key cost components. Raw materials form the largest cost component of PPE production. Together with equipment, testing, manufacturing process, and labor, they account for 60-70% of the total cost. In PPE clothing, key raw materials may include Polyethylene (PE), polypropylene (PP), polyester (PET), microporous fabrics, or spunbond meltblown spunbond (SMS) etc. PP and PE prices have steadily increased in the U.S. since 2021, due to tight supply, low imports, supply chain disruptions impacting production, and power outages. Prices have increased by more than 40-50% since the end of Q4 2021. Testing also impacts the prices directly as it involves the safety of the workers. The PPE products need to adhere to OSHA and NIOSH guidelines. Few examples of major testing standards include – Association for the Advancement of Medical Instrumentation (AAMI), American Society for Testing and Materials (ASTM), American Association of Textile Chemists and Colorists (AATCC), American National Standards Institute (ANSI), Food and Drug Administration (FDA), EN14683, etc. Order your copy of the Personal Protective Equipment category procurement intelligence report 2023-2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis Operational Capabilities - Weightage
Functional Capabilities - Weightage
Rate Benchmarking The geographical location and the feedstock costs for PPE production play a vital factor in analyzing the rate benchmarking of PPE market. We have analyzed the manufacturing costs incurred in APAC and U.S. Polyethylene, polypropylene, and polyester (PET) consumption increased significantly in the Americas such as Brazil and the U.S, and in Asian countries such as India, Indonesia, China, Japan, and South Korea, which in turn increased the overseas prices in 2022. Similarly, the increased consumption in manufacturing and healthcare industries has put pressure on other industries to meet demand which further spiked up prices. For instance, it is cost effective to produce PPE clothing in China due to presence of multiple manufacturing sites, pharmaceutical industries, the low cost of labor, and increasing Chinese government initiatives to expand domestic PPE production significantly which turn reduces the cost of production. Supplier Newsletter In May 2022, Honeywell, as a part of its PPE healthcare portfolio expansion, launched its two new respiration protection products. Both the products, NIOSH certified, are aimed at healthcare workers. The newly designed products were the DC365 Small Surgical N95 Respirator, and the new half mask respirator (RU8500X series). The DC365 is aimed to protect frontline workers who require a smaller surgical mask and the RU8500X series offers higher filtration efficiency with a proper secure fit in diverse clinical settings and is aimed to protect the workers who work long hours shift. In May 2022, Lakeland Industries partnered with Kappler to strengthen and expand chemical protection for workers in India. The partnership combined Kappler’s advanced suit technology with Lakeland’s PPE offerings. Kappler’s hazmat suits are NFPA certified and will help Lakeland to expand its range of PPE products such as Zytron, Frontlne, and DuraChem gas-tight chemical suits in India. In October 2021, Honeywell announced the launch of its new line of lightweight and ergonomically designed headgears that can offer face and respiratory protection together to workers working in oil and gas, manufacturing, and chemical production industries. The proprietary, North Primair 900 (PA900) Series Headgear portfolio provides eye-face-head and respiratory protection together and is also NIOSH certified. List of Key Suppliers
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Personal Protective Equipment Procurement Intelligence Report Scope
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