The disposable gloves industry is anticipated to grow from 547.83 billion units in 2020 to 782.87 billion units in 2027, with a compound annual growth rate (CAGR) of 9.41%. Disposable gloves are a utility for protecting a person against different types of infections. These gloves find their application in many industries such as healthcare, chemical, food, etc. If we look at the term disposable, it is clear that gloves are based upon the 'use and throws' concept. Disposable gloves market come in two forms: powdered and powder-free. Top Glove Corporation BHD launched gloves named Bio green Biodegradable disposible nitrile gloves in 2019. The gloves made of nitrile material have high chemical resistance and puncture compared to gloves made up of rubber and vinyl.
Each variant of the disposable gloves market renders a unique benefit over conventional gloves, which increases its applications in various food services, clean rooms, industrial applications, and other industries. For instance, nitrile gloves are more puncture-resistant, frictionless, and have a longer shelf life than latex gloves.
The pandemic positively impacts the disposable gloves market. In addition, due to the quick spread of the virus, healthcare professionals associated with collecting specimens require proper protection, including gloves, to prevent themselves from getting infected. In addition, disposable gloves form a crucial part of healthcare professionals' protective equipment (PPE). Therefore, growth in prevalence of contagious diseases and COVID-19 is anticipated fueling the growth of 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. Moreover, the market has witnessed unexpected growth due to the COVID-19 outbreak, owing to the increasing demand for disposable gloves across the globe.
Disposable Gloves Market Drivers
Growth in product demand in medical and healthcare, pharmaceuticals, automotive finishing, chemicals, and oil & gas industries drives the market growth. Furthermore, the healthcare industry in major developing economies is also expected to witness significant growth, owing to several factors such as growth in investments in both public and private sectors, coupled with growth in population and a rise in the geriatric population. In addition, an increase in healthcare expenditure is expected to boost the growth of the healthcare industry, which, in turn, is anticipated to fuel the product demand.
Disposable Gloves Market Restraints
The global disposable gloves market share is witnessing the emergence of market factors like the lack of funding followed by reduced awareness that will hamper the growth goals of the market that the industry experts have set for the ongoing forecast period that will be ending in 2027. Also, the disposable gloves market is witnessing the emergence of factors like the increased prices of raw materials and the hampered degree of affordability for the market players during the forecast period. Furthermore, temperature and climatic conditions also can impact the global market share.
Disposable Gloves Market Technology Analysis
Occupational safety regulations play a significant role in the growth of the disposable gloves market. Mandated policies by agencies for companies to maintain worker safety in industries are anticipated to drive the market demand during the forecast period. In addition, rapid industrialization in developing economies such as in Southeast Asia is expected to impact the demand in the future positively.
Looking at the latest research analysis, the disposable gloves industry can be bifurcated based on type and application. Out of all the segments of this market, the natural rubber segment will witness tremendous growth during the forecast period. This segment is expected to experience a compound annual growth rate (CAGR) of 8.48% during the forecast period. Also, the medical segment is projected to register the highest compound annual growth rate (CAGR) of 8.68% by the end of the forecast period.
The disposable gloves market segmentation is mentioned as follows:
By Distribution Channel
Let's look at disposable gloves market share and other details. This industry is remarkably working in five major regions of the world: Asia Pacific, Europe, North America, South America, and Middle East & Africa. During the forecast period, the North American region will dominate this market due to the massive flourishing healthcare industry in the region, which will generate significant revenue every year (2020-2027). Also, the chemical industry, which is growing at a linear pace and will uplift the market's growth to a great extent, is another reason why the North American region will dominate this market. The European region will also witness significant growth due to increased chemicals, food, and equipment industries getting established in this region.
The significant factors that drive the growth of the Indian disposable gloves market include a rise in concerns for safety and hygiene and growth in several end-users. In addition, technological advancements are anticipated to propel market growth. However, less production capacity and toxic reactions to specific gloves are expected to hamper the market growth. On the contrary, growth in the healthcare sector is anticipated to provide lucrative opportunities for Indian disposable glove manufacturers shortly.
Based on the data obtained from disposable gloves industry analysis, the prominent players of this market are mentioned as follows:
The Indian disposable globe market is showing tremendous signs of expansion amid the ongoing forecast period owing to the developments of the following mentioned market players:
These prominent market players have a significant role in helping the global expansion of the market, followed by the rising prevalence of the market demand and supply scale that exists during the ongoing forecast period that ends in 2027.
Many policies regarding personal protective equipment standards have been amended Occupational Safety and Health Administration (OSHA) which in turn is providing great scope for the expansion of this market. Furthermore, six months later, the European Union also modifies many norms related to workers and safety and standardization of the personnel protection safety equipment, which is another reason this market will grow at such an excellent compound annual growth rate (CAGR) during the forecast period.
However, glove manufacturers need to invest extensively to increase production capacity due to the increased demand for disposable gloves. Moreover, India mainly depends on importing disposable gloves due to less production capacity. For instance, the demand for disposable surgical gloves is high among the surgical team members due to the constant change of gloves during surgery, as the use of single gloves for a more extended time is unsafe, owing to the fear of contamination, prolonged exposure to the external environment, and carelessness. Therefore, these factors are expected to fuel the market's growth, and India is anticipated to be one of the fastest-growing disposable gloves markets in Asia shortly.
Adoption of disposable gloves has increased over the years, owing to a rise in safety concerns and hygiene. In addition, growth in the number of end-users, coupled with advancements in technology, is also expected to increase the market growth. However, toxic reactions caused by gloves and high price competition from local manufacturers are anticipated to impede the growth of the disposable gloves market. Moreover, introducing disposable gloves in untapped economies creates lucrative opportunities in the market.
The research methodology for the disposable gloves market is used to estimate and forecast the market size begins with capturing data on the revenues of critical vendors through secondary research. The global vendor offerings have also been considered for the reports' preparation to determine the market segmentation and potential growth for the period. The bottom-up procedures have further been employed to arrive at the market's overall size from the revenues of the key players in various participating regions. After arriving at the overall market size prediction, the global market during the period has been split into several segments and subsegments, which have then been verified through primary research by conducting extensive interviews with key experts such as CEOs VPs, directors, and executives. Finally, the global market breakdown and data triangulation procedures have been employed to complete the overall market engineering processes and functions and hence, arrive at the exact statistics for all segments and subsegments.
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type, Application|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Top Glove Corporation Bhd, Rubberex, Semperit AG Holding, Ansell Ltd., Kossan Rubber Industries Bhd, and Cardinal Health|
|Key Market Opportunities||Increase in workplace-safety awareness & scope in the lucrative developing markets|
|Key Market Drivers||
In terms of volume, the Global Disposable Gloves Market is projected to grow at approximately 9.41% CAGR during the assessment period (2022-2030).
The global disposable gloves market is estimated to reach a volume of 782.87 Billion units by 2026
Rubberex, Top Glove Corporation Bhd, Semperit AG Holding, Kossan Rubber Industries Bhd, Ansell Ltd., and Cardinal Health, are some of the top players operating in the global disposable gloves market.
Huge demand in several applications, growing pharmaceuticals and food industries, rising population, and economic growth, are major tailwinds pushing the growth of the global disposable gloves market.
North America holds the largest share in the global disposable gloves market, followed by Europe and the Asia Pacific region, respectively.
Medical is the largest application segment in the global disposable gloves market.