Market Analysis
Market Research Future (MRFR) projects the Disposable Gloves Market share is anticipated to grow from 547.83 billion units in 2020 to 782.87co billion units in 2027, with a compound annual growth rate (CAGR) of 9.41%.
Disposable gloves are commonly used in the healthcare and food sectors to prevent cross-infection between caregivers and patients. Various disposable glove variants, such as natural rubber, nitrile, vinyl, and neoprene, have been developed over time. Each variant provides a distinct advantage over traditional gloves, which expands its applications in a variety of industries such as food services, clean rooms, and industrial applications. Nitrile gloves, for example, are more puncture-resistant, frictionless, and have a longer shelf life than latex gloves.
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The rise in concern about safety and hygiene, combined with novel manufacturing technologies for making gloves temperature-resistant, rupture-resistant, and control latex-associated infections, are the major factors driving growth in the disposable gloves market. However, the market’s growth is hampered by the highly aggressive pricing provided by local manufacturers. Furthermore, emerging and untapped markets are expected to provide lucrative prospects for disposable glove manufacturers in the future.
Key Players
Rubberex, Top Glove Corporation Bhd, Ansell Ltd., Semperit AG Holding, Kossan Rubber Industries Bhd, and Cardinal Health, are some of the main players operating in the global disposable gloves market.
Industry news
The US bans imports of disposable gloves from Ansell suppliers in Malaysia over allegations of forced labour to maintain the decorum.
COVID-19 Impact on the Global Disposable Gloves Market
The pandemic has a positive effect on the Disposable Gloves Market growth. Furthermore, due to the quick spread of the virus, healthcare professionals associated with the collection of specimens require proper protection, including gloves, to prevent themselves from getting infected.
Furthermore, disposable gloves are an essential component of the personal protective equipment (PPE) worn by healthcare professionals. Consequently, the increasing prevalence of contagious diseases and COVID-19 is expected to drive the disposable gloves market during the forecast period.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak varies. Furthermore, the industry has experienced unexpected growth as a result of the COVID-19 outbreak, owing to increased demand for disposable gloves around the world.
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Market Segmentation
The global disposable gloves industry has been segmented based on type and application.
By type, the global disposable gloves market has been segmented into natural rubber, nitrile, vinyl, and others. In 2019, the natural rubber segment captured the largest market share of 42.55%, with a market size of 141.26 billion units. It is expected to register an 8.48% CAGR during the projected timeframe.
Based on application, the global disposable gloves market has been segmented into medical, examination, surgical, food service, clean room, and others. In 2019, the medical segment earned the largest market share of 32.78%, with a market size of 108.83 billion units. It is anticipated to register an 8.68% CAGR over the forecast period.
Regional Analysis
Based on region, the global disposable gloves industry has been segmented into North America, Europe, South America, Asia Pacific, and the Middle East & Africa.
The thriving healthcare industry in North America has enabled the disposable gloves market to generate significant revenue from this region. The rapidly expanding chemical industry offers enormous potential for the disposable glove market to expand. In the United States,
the Occupational Safety and Health Administration (OSHA) has updated many standards relating to personnel protection equipment standards, providing huge scope for growth of the disposable gloves market. Furthermore, major manufacturers in the United States offer multiple prospects for substantial growth throughout the forecast period.
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