Disposable Gloves Market Analysis, Size, Growth, Share, Trend, Forecast 2023 - 2030
Disposable Gloves Market Growth & Trends
The global disposable gloves market size is expected to reach USD 16,772.4 million by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 3.9% from 2023 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.
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Disposable Gloves Market Report Highlights
By material, the nitrile segment is estimated to expand at the fastest CAGR of 5.0% from 2023 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 74.0% in 2022 on account of the rising preference for nonpowdered 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 79.9% in 2022 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 2023 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
Disposable Gloves Market Segmentation
GrandViewResearchhassegmentedtheglobaldisposableglovesmarketonthebasisof material,product,enduse,andregion:
Disposable Gloves Material Outlook (Revenue, USD Million; 2018 - 2030)
NaturalRubber
Nitrile
Vinyl
Neoprene
Polyethylene
Others
Disposable Gloves Product Outlook (Revenue, USD Million; 2018 - 2030)
Powdered
Powder-free
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Disposable Gloves End-Use Outlook (Revenue, USD Million; 2018 - 2030)
Medical&Healthcare
o Examination
o Dental
o Veterinary
o Hospital
o EMS
o Others
o Surgical o Dental o Veterinary o Hospital o EMS o Others
Automotive
Oil&Gas
Food&Beverage
Metal&Machinery
Chemical&Petrochemical
Pharmaceutical
Cleanroom
Others
Disposable Gloves Regional Outlook (Revenue, USD Million; 2018 - 2030)
NorthAmerica
o U.S.
o Canada
o Mexico
Europe
o Germany
o UK
o France
o Russia
o Italy
o Spain
AsiaPacific
o China
o India
o Japan
o Australia
o SouthKorea
o Indonesia
o Thailand
o Malaysia
Central&SouthAmerica
o Brazil
o Argentina
MiddleEast&Africa
o SaudiArabia
o UAE
o SouthAfrica
List of Key Players of Disposable Gloves Market
AnsellLtd
TopGloveCorporationBhd
HartalegaHoldingsBerhad
SupermaxCorporationBerhad
KossanRubberIndustriesBhd
AmmexCorporation
Kimberly-ClarkCorporation
SempermedUSA,Inc
MCRSafety
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Grand View Research is a full-time market research and consulting company registered in San Francisco, California. The company fully offers market reports, both customized and syndicates, based on intense data analysis. It also offers consulting services to business communities and academic institutions and helps them understand the global and business scenario to a significant extent. The company operates across multitude of domains such as Chemicals, Materials, Food and Beverages, Consumer Goods, Healthcare, and Information Technology to offer consulting services.