Not being disturbed. Being able to stay focused.
https://www.amazon.co.uk/Peltor-Optime-Earmuffs-Headband-Bla...
North American equivalent appears to be:
https://www.amazon.com/3M-Earmuff-Protectors-Hearing-Protect...
https://www.amazon.ca/3M-Peltor-Optime-Earmuffs-H10A/dp/B000...
You have to let them know why you are doing it.
Absolutely, yes. When I managed a tech support team in an open plan office, the indicator for "do not disturb" was either standard headphones or ear defenders. That was part of the new starter initiation, so everyone knows from day 1.
I suspect that open offices cost more on productivity than they save.