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The use of hand gloves has developed a trend in maintaining good health and also prevents the hand against injury. Hand gloves help to avoid transmission of any infectious diseases and also prevent people from harming themselves while working. A large population is working in a dangerous environment where they need to cope up with different gases, chemicals, oils, and other products, therefore, gloves is considered to be preventive measures while dealing with these products. Furthermore, the growing investment in research and development of pharmaceuticals, machinery, electronic goods, and others generate more traction of the product as these facilities are kept as clean as possible so that germs or any particles could not enter the facilities. Moreover, the usage of gloves by farmers in handling toxic chemicals is becoming popular as it prevents them from the interaction of the hand against chemicals.
In addition to this, the growing innovation of protective gloves which has the ability to withstand fire, have cut resistance, waterproof, and hand visibility act as a great opportunity for the growth of the market.
The rising global health concern propels the use of gloves especially due to the outbreak of pandemic and epidemic diseases or viruses such as COVID-19, Ebola, SARS, H1N1, and others act as one of the major driving factors for the growth of the market. According to the s, March 2020, owing to the eruption of COVID-19 the demand for gloves has climbed sharply by 300% across the globe. Furthermore, the increasing demand for protective gloves from industries such as steel fabrication and manufacturing is also boosting the growth of the market. The compulsory practice of the use of gloves by medical personnel in dealing with patients who need stitching of cuts, operations, examinations, and others is expected to boost the market growth. Additionally, the popularity of the use of hand gloves on sports disciplines such as cricket, baseball, football, and others act as a flourishing factor to increase the demand of the product.
However, there is a lack of awareness among the people about the significance of using gloves which act as a restraining factor for the growth of the market. For instance, the lack of awareness of the importance of gloves in the prevention of the spread of diseases especially in developing countries also harms the demand for the product.
Key Market Driver -
Increasing health concern is one of the major driving factor for the market growth.
Key Market Restraint -
Lack of awareness of the importance of the product hampers the market growth.
The key companies operating in the global hand gloves market are The gloves Corporation Bhd, Ansell Limited, Kimberly Clark, The 3M Company, Supermax Corporation Berhad, Hartalega Holdings Berhad, Semperit AG Holding, Rubberex Corp. M Bhd, Kossan Rubber Industries Bhd, and others.
The global hand gloves market is segmented into product type, material use, end-user, and geography.
On the basis of product, the market is segmented into disposable and durable. The disposable gloves is estimated to hold a larger share in the market owing to the increasing demand of the product in health care, food industry, pharmaceutical manufacturing, and others.
Based on material use, the market is fragmented into rubber, leather, plastic. Rubber gloves is projected to be the major shareholder due to its ability to stretch, protect against diseases, prevent the skin from a chemical burn, and others.
By end-use, the market is fragmented into medical, oil & gas, chemical, and others. Medical is anticipated to hold the major share on an account of its applications in dental, veterinary, emergency medical service, and others. Also, in the medical sector gloves are often disposed of once it is being used.
Geographically, the global hand Gloves market is divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa
North America is projected to be the dominating region during the forecast period 2020-2027. The adoption of hygienic lifestyle in this region increases the use of gloves in food preparation, garbage handling, and others. There is an escalating demand of the product as companies have great concern for the safety and well-being of their employees who are doing a physically demanding job. Moreover, the rising activities in the construction sector and renovation of roads, buildings, bridges, and others simultaneously drive the market growth. According to data released by the Bureau of Labour Statistics 7.29 million people in the United States are working in the construction industry.
Asia Pacific region is anticipated to have a significant market share owing to the increasing healthcare sector and good government support is propelling the demand of the product. For instance, according to India Today, Feb 2019, Union Finance Minister Piyush Goyal Friday declared that for the fiscal year of 2019-2020 there is an allocation of 8,557.25 USD million in the health sector. Additionally, the large demand for the product in manufacturing industries especially in big countries like India, and China, most manufacturers tend to make their workers use gloves to avoid any particle or substance that could end up in the product. The increasing number of high-quality restaurants and hotels practice using gloves in their food-making process is projected to foster market growth.
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