The global disposable gloves market size was valued at USD 10.17 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 9.2% from 2020 to 2028. The growing demand for disposable gloves, especially from the healthcare industry amidst the ongoing Covid-19 pandemic, along with the rising awareness about Healthcare-Associated Infections (HAIs), is expected to drive the market growth. The healthcare sector in major developing economies is anticipated to witness substantial growth on account of several factors, such as increasing investments in both private and public sectors, the high influx of migrants, and the growing geriatric population.
Contact with harmful chemicals in the working environment of industries has been one of the major factors associated with health issues among workers. Skin diseases, rashes, hand cuts, amputation, and bloodborne pathogens are the common risks experienced in various industries, such as healthcare, medical, and mining. Safety regulations are likely to be the key factors anticipated to drive product demand over the forecast period.
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Key Player Mentioned:
- Ansell Ltd.
- Top Glove Corporation Bhd
- Hartalega Holdings Berhad
- Supermax Corporation Berhad
- Kossan Rubber Industries Bhd
- Ammex Corp.
- Kimberly-Clark Corp.
- Sempermed USA, Inc.
- MCR Safety
Product Segment Analysis:
- Powdered
- Powder-free
Regional Segment Analysis: North America, Europe, Asia Pacific, Latin America, and Mideast and Africa.
Rising awareness regarding the importance of raw materials in providing high heat resistance, comfort, and elasticity is anticipated to boost the research & development activities of major players in the market. These initiatives aim to achieve product multi-functionality and widen its application scope by adding innovative add-ons to the existing designs.
The production of disposable gloves is highly capital-intensive on account of the high raw material costs and complex manufacturing methods. Major raw material suppliers in the market have integrated along the value chain for product manufacturing, which is expected to boost the competition in the market.
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The presence of target population & sophisticated healthcare infrastructure and higher disposable income levels of patients are some vital factors driving the market growth in the U.S. Furthermore, the Covid-19 pandemic in the country has augmented the demand for disposable gloves, especially in the healthcare sector, to reduce further transmission of the virus.
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