Travel Safety Kits Market

Travel Safety Kits Market Research, 2030

The global travel safety kits market was valued at $4,118.00 million in 2020, and is projected to reach $5,702.10 million by 2030, growing at a CAGR of 4.7% from 2021 to 2030.

Travel safety kits are significantly used by people while traveling as precautionary measure. First-aid kits and COVID-19 protection kits are some of the examples of travel safety kits. First-aid kits comprises adhesive bandages in a variety of sizes, aloe vera lotion, cotton swabs, first-aid manual, hand sanitizer, face mask, and latex gloves.

Traveling activities have increased as people are traveling for various purposes such as tourism and business trips. Globalization of business has been continuously promoting people to travel for business in various countries and as a precautionary measure people carry first-aid kits along with them. Furthermore, outbreak of the COVID-19 and its adverse consequences has increased importance of travel safety kits, which further supports growth of the global market. 

Rapid increase in the travel and tourism industry in between the gap of the first and second wave of the corona virus and strict guidelines regarding the use of PPE kits, face masks, and sanitizers are expected to robust growth of the travel safety kits during the forecast period. Furthermore, people are getting aware of the side effects and consequences of not wearing face masks and not following guidelines of the World Health Organization and governments. Hence, people are actively carrying their first-aid kits and COVID-19 protection kits.

Outbreak of the COVID-19 has positively impacted overall growth of the travel safety kits market.  Along with providing healthcare facilities to patients, doctors also need to protect themselves from corona virus, which spurs demand for safety kits that include face mask, sanitizers, and PPE kits. Thus, outbreak of COVID-19 has positively affected the overall growth of the travel safety kits market.

With an unprecedented COVID-19 pandemic, demand for travel safety kits was increased, owing to increased demand for COVID-19 protection kits from health care personals and government strict regulations regarding use of COVID-19 protection kits. COVID-19 protection kits demand is expcted to decline during the forecast period owing to decreasing cases of the corona virus infections.

The travel safety kits market is segmented into type, distribution channel, and region. On the basis of type, the market is categorized into first aid kit, COVID-19 protection kit, and others. On the basis of distribution channel, it is segmented into hospitals, pharmacies, hypermarkets/supermarkets, convenience stores, online, and others. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, U.K., Italy, Spain, Russia, Netherlands and Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, ASEAN, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

On the basis of type, the COVID - 19 protection kit segment is estimated to reach $1,683.4 million by 2030, at a CAGR of -2.9%. Covid-19 protection kits segment has been gaining major traction among the consumers and is expected to sustain its traction throughout the global travel safety kits market forecast period. Face mask, hand sanitizers, PPE kits, and face shields are some of the important products included in the COVID-19 protection kits. Growth in infections of corona virus and high possibility of more waves of COVID-19 in upcoming years is expected to boost demand for COVID-19 protection kits during the forecast period. For instance, according to the Government of New Zealand, COVID-19 infections are increasing in New Zealand, with 20,243 new infections reported on average each day. This is 97% of the highest daily average reported on March 8, 2022.

According to travel safety kits market analysis, on the basis of distribution channel, the supermarkets/hypermarkets segment was the significant contributor to the travel safety kits market size, with $537.0 million in 2020, and is projected grow at a CAGR of 9.8% during the forecast period. Supermarkets and hypermarkets are gaining popularity, owing to availability of a broad range of consumer goods under a single roof, with ample parking space and convenient operation timings. These stores offer variety of brands in a particular product category, offering more options for consumers. Furthermore, rapid urbanization and expansion of metro cities create demand for supermarkets and hypermarkets, which favors smooth distribution of first aid kits and COVID-19 protection kits, which, in turn, boosts the travel safety kits market demand. 

According to travel safety kits market opportunity, region wise, North America garnered second highest share in the travel safety kits market in 2020, and is expected to maintain its travel safety kits market share throughout the forecast period.  The North America travel safety kits market is influenced by increased awareness regarding benefits of carrying first-aid kits while traveling such as respond to emergencies as people wait for help, reduce risk of infections and injuries while traveling, and provide emergency medication in remote areas. Increased activities of traveling for purposes such as tourism, study trips, and business trips, especially in remote areas are expected to garner the travel safety kits market growth during the forecast period.