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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. The global COVID-19 pandemic has been unprecedented and staggering, with disposable gloves experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. Based on our analysis, the global market exhibited a growth of 80.8% in 2020 as compared to 2019.
The emergence of COVID-19 has reinforced the importance of personnel hygiene and sanitation in maintaining robust public healthcare. Gloves, especially the ones that are utilized in the medical sector, conducts a crucial part in safeguarding the healthcare employees from infectious diseases. Since the beginning of the pandemic, demand for healthcare personnel protective equipment (PPE) has skyrocketed. Even though the adverse influence of the coronavirus has significantly decreased comparatively to the preliminary stage of the pandemic, demand for healthcare PPE, involving medical gloves, continues to maintain its sturdiness. This trend is predicted to continue owing to the emergence of new, more contagious virus variations. Additionally, governments and regulatory bodies across the globe are adopting stricter industrial safety regulations, thus creating new opportunities for the disposable gloves market growth.
Augmented Demand from Healthcare Industry to Fuel Market Growth amid COVID-19
The COVID-19 has disrupted the supply chain and resulted in a global shortage of PPE, including disposable gloves, among others. During the early phases of the pandemic, demand for disposable gloves and other protective equipment surged, and prices soared owing to supply chain interruptions caused by lockdown guidelines inflicted across the globe. To cater to the unprecedented demand witnessed during the pandemic, several companies came forward and retrofitted their production line to produce PPE kits for frontline workers. The existing players operating in the market expanded their glove production capacity to meet the demand for essential disposable gloves. The gloves that were usually limited to healthcare workers are now commonly utilized by the common public. Since gloves carries a vital role in protection against virus infection, the market witnessed significant growth owing to rising demand from both frontline workers and the general public.
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Superior Functionality and Properties Offered by Nitrile Gloves to Drive Market
A nitrile is a synthetic form of rubber widely used for gloves. Nitrile, or synthetic rubber, which has always been recognized as a highly durable glove compound, is more durable than vinyl and thus growing in popularity. Nitrile has been around for a while, but it has only become more affordable recently; thus, it is gaining popularity in medical, food, cleaning, and other industries. A few of the important features that nitrile gloves offer are their higher resistance to puncture than any other glove material. Additionally, nitrile rubber gloves fit snugly and make the wearer feel comfortable while working. Nitrile gloves are used as a precaution against allergy to natural rubber. This makes them suitable for medical applications in work environments where contact with body fluids, micro-organisms, and chemicals is possible. Other industries that use nitrile gloves include automotive, general industry, carpentry, roofing, and others. They generally use gloves that are coated with a durable, grippy nitrile coating, which offers chemical and water resistance.
Surging Implementation of Better Industrial Safety and Hygiene Regulations to Drive Market Growth
The construction sector accounts for the major share of work-related injuries and fatalities among all industries. As construction workers' hands are exposed to dangerous circumstances on the working site, inadequate safety precautions can result in accidents. According to the U.S. Bureau of Labor Statistics, the majority of hand injuries in the construction sector are sustained by employees who were not wearing gloves, while approximately 30% of injuries are caused by improper and damaged gloves. All of the dangers connected with such incidents may be easily decreased to an acceptable level by wearing adequate PPE on the working site, which includes gloves. Rising building and infrastructure projects in China, the U.S., and India are expected to generate a global expansion opportunity for market growth. Due to increasing demand from the commercial and residential sectors, the construction industry is expanding in many regions. The rising adoption of tougher laws and industrial safety standards during building operations is expected to surge the demand for protective gloves.
Raw Material Sources are Highly Concentrated, Making Market Susceptible to Supply Chain Disruption
Raw materials, such as latex, used in the manufacturing of disposable gloves are mostly produced in Asian countries such as Malaysia and China. The highly concentrated raw material source implies that any disruption at the source can significantly influence almost each and every stakeholder throughout the value chain. For example, Top Glove, one of the major glove manufacturers based in Malaysia, had to shut down the production at their 28 facilities in November 2020. Top Glove being a major glove producer, this step meant added shipping delays, as well as a longer lead time for orders impacting a significant number of customers. Instances such as these can negatively impact global demand and hinder the market growth.
Natural Rubber Latex Gloves Segment to Represent a Significant Share due to Widespread Use in Healthcare Sector
Based on material, the market is divided into nitrile gloves, natural rubber latex gloves, Polyvinyl Chloride (PVC) gloves, and others.
In 2021, the natural rubber latex gloves segment dominated the market. Latex gloves are amongst the most widely used glove varieties in the market. These types of gloves are extremely elastic and can easily take shape of your hand with a comfortable fit. This elasticity combined with the strength of natural rubber latex makes them resistant to tears and punctures. Natural rubber latex gloves are widely used in applications that require waterproof and chemical resistant material. They protect hands against biological hazards such as bacteria and viruses and even bodily fluids. They can also provide protection against water-based chemicals and common cleaning products such as detergents and alcohols. These key factors make natural rubber latex gloves a great choice for laboratory work, dentistry, surgical and healthcare applications, and more.
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Healthcare & Medical Segment to Represent a Substantial Share due to Rising Demand from Healthcare Facilities
By application, the market is divided into industrial, food industry, healthcare & medical, and others.
In terms of both volume and value, the healthcare & medical segment represented the major share of the market. Disposable gloves used in the healthcare & medical segment are critical in protecting the wearer as well as the patient from the spread of infection or illness during medical examinations and procedures. Examination gloves remain an essential part of the infection control strategy. Additionally, the surge in chronic diseases coupled with the rising aging population across the globe have increased the demand for improved healthcare facilities. Many developed and developing regions have increased the number of healthcare facilities to provide treatment to the aging population. This, in turn, is expected to drive market growth.
Southeast Asia accounted for a major market share in 2021 and is expected to maintain its position during the forecast period due to rising demand in the healthcare sector. Constantly changing demographics and the region's aging population are expected to attract more investment in the region's healthcare industry. Additionally, Thailand and Malaysia have steadily rising medical tourism, which has been attracting a number of foreign patients owing to its world-class medical facilities. Rising demand from regions expanding the healthcare industry is among the factors driving contributing to market growth.
North America is anticipated to witness growth, owing to rising demand from the industrial sector. The manufacturing sector in the U.S. has been steadily increasing since the beginning of the pandemic. This trend is likely to continue as manufacturing can generate the much-needed jobs in the U.S. Current administration is also actively coming up with new policies that can generate new employment. Additionally, the trade war between the U.S. and China has accelerated the decoupling of China and promoted domestic manufacturing. Thus, rising demand from the region's industrial sector is expected grow and to drive the market growth.
The East Asia region is anticipated to witness a significant growth rate owing to rising demand from the food & beverages industry. Rising purchasing power along with improving living standards is expected to expand demand for food and beverage. Gloves are critical in maintaining food hygiene during food processing. Thus, rising demand from regions expanding the food processing industry is anticipated to drive the overall market.
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South America, the Middle East, and Africa are expected to witness growth owing to rising demand from the food & beverage industry. Expanding regional food processing sector and the rising adoption of stricter regulations related to food safety and hygiene standards are expected to prompt a rise in the use of disposable gloves. This, in turn, will benefit and drive market growth.
Strategic Planning by Companies to Safeguard their Market Share
The global disposable gloves market share is highly competitive. The products are mainly produced by large firms. Due to the COVID-19 outbreak/pandemic, small companies have also started glove production leading to a high competitive rivalry rate. Most small companies are focusing on the domestic market.
Furthermore, companies are now promoting strategic partnerships to improve the company R&D efforts. They are dedicated to introducing new goods to suit the growing trends among consumers. With the major market share owned by top companies namely, Top Glove Corporation Bhd, Hartalega Holdings Berhad, Kossan Rubber Industries Bhd, ANSELL LTD, and Cardinal Health, the market power is strongly concentrated. Increasing demand for disposable gloves from several end-use industries is antiicpated to improve the quality of the products. This can be done by lowering costs via process innovation while actively investing in R&D. Companies, such as Sempermed, Supermax Corporation Berhad, Comfort Rubber Gloves Industries Sdn Bhd, Kimberly-Clark Worldwide, Inc., and 3M, are active market players.
An Infographic Representation of Disposable Gloves Market
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The research report provides a detailed analysis of the market and focuses on crucial aspects such as leading companies, products, and products. Also, it offers insights into market trends and highlights vital industry developments. In addition to the factors mentioned above, the report encompasses various factors contributing to the market's growth in recent years. It further includes historical data & forecasts revenue growth at global, regional, and country levels and analyzes the industry's latest market dynamics and opportunities.
Value (USD Billion) and Volume (Million Pieces)
By Material, Application, and Country
Fortune Business Insights says that the global market size was USD 23.03 billion in 2021 and is projected to reach USD 44.64 billion by 2029.
In 2021, the Southeast Asia market size stood at USD 11.98 billion.
Registering a CAGR of 7.5%, the market will exhibit steady growth during the forecast period (2022-2029).
The healthcare & medical segment is expected to lead this market during the forecast period.
Rising adoption of better industrial safety and hygiene standards is anticipated to drive market growth.
Top Glove Corporation Bhd, Hartalega Holdings Berhad, Kossan Rubber Industries Bhd, ANSELL LTD, and Cardinal Health are the major players in the market.
Southeast Asia dominated the market in terms of share in 2021.
Superior functionality and properties offered by nitrile gloves is anticipated to drive market and create new market opportunities.
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