The global disposable gloves market size is expected to reach USD 16.12 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.8% from 2022 to 2030. The high prevalence of the COVID-19 pandemic, particularly in North America and Asia Pacific, is projected to augment the demand for disposable gloves. The COVID-19 pandemic had boosted the demand for disposable gloves, which strained the supply chain, thus creating a shortage in the market. Furthermore, disposable glove manufacturers are expanding their production capacities to meet the growing demand, thereby improving the global supply chain over the past few months.
The rising awareness regarding employee health and safety, along with the increasing industrial fatalities in the emerging economies, is projected to boost the market growth over the forecast period. Technological advancement, coupled with the growing consumer need for disposable gloves in medical operations, is anticipated to complement the market growth. Distributors play a vital role in the market as the product manufacturers are dependent on the distributors to get their products to consumers. Globalization and consolidation of gloves manufacturers are anticipated to have a significant impact on the distributors, which is projected to compel them to broaden their horizons and look beyond the traditional boundaries.
Companies such as Ansell Ltd. and Kimberley-Clark Corporation are carrying out strategic acquisitions, taking advantage of the ongoing COVID-19 pandemic situation. These acquisitions are expected to strengthen these companies’ position in the distribution network in the U.S. and India and extend their product portfolio and sales force to gain a competitive edge over their rivals. The pandemic has prompted market players to rethink their supply chains leading to increased instances of relocating or setting up additional manufacturing facilities in the country where the company is based in order to avoid future bottlenecks. For instance, companies such as Showa Group based in the U.S. are expected to triple their production of nitrile gloves by 2022.
Browse full report with Table of Content @ https://www.grandviewresearch.com/industry-analysis/disposable-gloves-market
Disposable Gloves Market Report Highlights
By material, the nitrile segment is estimated to expand at the fastest CAGR of 6.8% from 2022 to 2030 in terms of revenue owing to the increasing adoption of nitrile gloves in the chemical, medical, painting, laboratory, dentistry, and oil sectors
Based on product, powder-free gloves accounted for the largest revenue share of over 70.0% in 2021 on account of the rising preference for non-powdered gloves across many industries, including chemical, medical, and food processing
The medical and healthcare end-use segment accounted for the largest revenue share of over 75.0% in 2021 owing to its ability to provide barrier protection against the risk associated with the on-the-job transmission of germs and other environmental contaminants
The market in India is likely to witness significant growth from 2022 to 2030 on account of the COVID-19 pandemic, along with the growing healthcare industry owing to the rising expenditure by the public and private players and growing disposable incomes
For Requesting a Sample Copy of This Report, Please Visit @ https://www.grandviewresearch.com/industry-analysis/disposable-gloves-market/request/rs1
Disposable Gloves Market Segmentation
Grand View Research has segmented the global disposable gloves market on the basis of material, product, end use, and region
Disposable Gloves Material Outlook (Revenue, USD Million, 2017 – 2030)
Disposable Gloves Product Outlook (Revenue, USD Million, 2017 – 2030)
Disposable Gloves End-use Outlook (Revenue, USD Million, 2017 – 2030)
Medical & Healthcare
O&G and Mining
Metal & Machinery
Chemical & Petrochemical
Disposable Gloves Regional Outlook (Revenue, USD Million, 2017 – 2030)
Middle East & Africa
List of Key Players of Disposable Gloves Market
Top Glove Corporation Bhd
Hartalega Holdings Berhad
Supermax Corporation Berhad
Kossan Rubber Industries Bhd
Sempermed USA, Inc.
Inquire more or share questions if any before the purchase on this report @ https://www.grandviewresearch.com/inquiry/1389/ibb
About Grand View Research
Grand View Research is a market research and consulting company that offers market research reports, syndicated and customized reports. The company is headquartered in San Francisco, California. It offers client engagement for business consulting and market intelligence from various domains. The clientele is based across various countries with queries coming from more than 50 industries worldwide.
Grand View Research helps its clients to make informed decisions by helping them understand current trends and scenarios. Every year Grand View Research accomplishes more than 300 multi-country market studies to optimize consulting for clients.
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Address:Grand View Research, Inc. 201 Spear Street 1100 San Francisco, CA 94105, United States
City: San Francisco
Country: United States