The global disposable gloves market size was valued at USD 23.03 billion in 2021. The market is projected to grow from USD 26.82 billion in 2022 to USD 44.64 billion by 2029, exhibiting a CAGR of 7.5% during the forecast period.
Information Source – https://www.fortunebusinessinsights.com/infographics/disposable-gloves-market-106777
Natural Rubber Latex Gloves Segment to Hold Substantial Share Owing to Expanded Utilization in Healthcare Sector
Based on material, the market is segmented into natural rubber latex gloves, nitrile gloves, Polyvinyl Chloride (PVC) gloves, and others.
In 2021, the natural rubber latex gloves segment dominated the market. Latex gloves are among the most broadly utilized glove varieties in the market.
Healthcare & Medical Segment to Hold a Substantial Share Owing to Rising Demand from Healthcare Facilities
In terms of application, the market is segmented into healthcare & medical, industrial, food industry, and others.
In terms of both volume and value, the healthcare & medical segment represented the major share of the market.
Geographically, the market is segregated into North America, Europe, East Asia, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America, and the Rest of the World.
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Drivers and Restraints:
Enhanced Operations and Properties Offered by Nitrile Gloves to Spur Market
Nitrile is a synthetic arrangement of rubber broadly utilized for manufacturing gloves. Nitrile, or synthetic rubber, which has constantly been acknowledged as a greatly robust glove compound, is more sturdy than vinyl, and therefore rising in admiration. Nitrile has been around for a while, but it has only turned out to become more reasonable lately; hence, it is attaining popularity in the medical, food, cleaning, and other industries.
However, raw materials, such as latex, which are used in production process of disposable gloves are majorly manufactured in Asian countries such as Malaysia and China. The greatly concentrated raw material source infers that any interruption at the source can expressively encourage almost each and every stakeholder throughout the value chain. This is expected to hinder the disposable gloves market growth.
Southeast Asia to Lead Stoked by Growing Demand from Healthcare Sector
Southeast Asia held the majority of the disposable gloves market share in 2021 and is probable to uphold its position during the forecast period, owing to escalating demand from the healthcare sector.
North America is predicted to perceive growth on account of the increasing demand from industrial sector. Moreover, the production sector in the U.S. has been strongly rising from early stages of the pandemic.
North America is estimated to observe growth, owing to the growing demand from industrial sector. Manufacturing sector in the U.S. has been robustly rising since commencement of the pandemic.
East Asia is expected to observe notable growth rate owing to the growing demand from the food & beverages industry.
Radical Product Introductions by Prime Players to Boost Market Growth
The fundamental players adopt numerous tactics to bolster their position in the market as leading companies. One such prime strategy is procuring companies to bolster the brand value among users. Another vital strategy is periodically launching inventive products with a methodical study of the market and its target audience.
Key Industry Development:
January 2022: Kimberly-Clark Professional presented Kimtech Opal Nitrile Gloves for enhanced comfort and exceptional tactile sensitivity without surrendering worker safety. The new gloves are appropriate for applications in research and production, life sciences, and non-sterile medication production.
List of Key Players Mentioned in the Report:
- Top Glove Corporation Bhd (Malaysia)
- Hartalega Holdings Berhad (Malaysia)
- Kossan Rubber Industries Bhd (Malaysia)
- ANSELL LTD (Australia)
- Sempermed (Austria)
- Cardinal Health (U.S.)
- Supermax Corporation Berhad (Malaysia)
- Intco Medical (China)
- Bluesail Medical Co., Ltd. (China)
- Riverstone Holdings Limited (Malaysia)
- YTY Group (Malaysia)
- Comfort Rubber Gloves Industries Sdn Bhd (Malaysia)
- JIANGSU JAYSUN GLOVE CO., LTD (China)
- Kimberly-Clark Worldwide, Inc. (U.S.)
- Synthomer plc (U.K.)
- 3M (U.S)