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The global personal protective equipment market size is expected to reach USD 123.38 billion by 2027 registering a CAGR of 9.6%.
Market Growth & Trends
Increasing focus on employee safety, coupled with favorable occupational safety regulations, is expected to drive the market growth over the forecast period. Rapid industrialization across the globe, particularly in developing regions, is projected to aid the penetration of personal protective equipment (PPE) in various end-use industries. Manufacturers have been investing in R&D initiatives to develop advanced products that adhere to the regulatory standards and have low external limitations.
Technological advancements, coupled with changing consumer trends, have led to a drastic change in manufacturing techniques to obtain superior-quality finished products. The industry has been witnessing a rising demand for high-performance & engineered multifunction
6,458 The awards were granted as a nil cost option for the three UK resident PDMRs and conditional awards for the PDMRs who are resident in the US. The nil cost option awards will ordinarily become exercisable and the conditional awards will ordinarily vest on 1 December 2023, subject to the grantee s continued service and the Remuneration Committee s assessment of the extent to which the performance conditions applicable to the awards are satisfied. Each award is subject to two performance conditions (each applicable to a distinct 50% of an award) measured over a performance period of three financial years, starting with the 2021 financial year.
29 January 2021 | 08:56am
StockMarketWire.com - Military equipment maker Avon Rubber said it remained confident of meeting its expectations for the financial year as good order intake across its portfolio of life critical personal protection systems had continued. We have seen positive order momentum in the military, first responder and Team Wendy businesses, and have made progress with the updated body armor designs for the U.S. Defense Logistics Agency Enhanced Small Arms Protective Inserts and U.S. Army Vital Torso Protection contracts, th the company said. The board therefore remains confident of achieving its expectations for the current financial year, it added.
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Top News: Avon Rubber stays on track as orders keep coming in
Avon Rubber said trading has remained in line with expectations since its last update in December as it continues to secure orders for its personal protection gear around the world.
The company said it had seen ‘positive order momentum’ in its Military, First Responder and Team Wendy businesses whilst progressing work on body armour designs under two contracts with the US army.