ID: MRFR/IA - E/8867-CR | 145 Pages | Author: Snehal Singh | November 2020
The Disposable Gloves Market Size was valued at USD 547.8 million in 2021 and is projected to grow from USD 599.29 Million in 2022 to USD 1123.98 million by 2030, exhibiting a compound annual growth rate (CAGR) of 4.72% during the forecast period (2022 - 2030). The rising awareness of healthcare-associated illnesses and the expanding need for disposable gloves, particularly from the healthcare sector in the middle of the continuing COVID-19 pandemic, are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Most work-related accidents and fatalities across all industries occur in the construction sector. Inadequate safety measures can lead to accidents since construction workers' hands are frequently exposed to hazardous conditions. According to the U.S. Bureau of Labor Statistics, the bulk of hand injuries in the construction industry is caused by workers not wearing gloves. In contrast, injuries are brought on by improperly fitted or damaged gloves. Wearing the proper PPE, including gloves, on the job site can reduce the risks associated with such occurrences to a manageable level. According to market dynamics, rising construction and infrastructure projects in China, the US, and India are predicted to create a chance for disposable gloves market expansion on a scale.
To prevent the spread of contamination and illness during patient inspections and medical procedures, disposable gloves are utilized as personal protective equipment. These protective gloves operate as a barrier, guarding against all bacterial and fungal illnesses and hazardous substances. These gloves are frequently utilized in the chemical, healthcare, food, and cleaning industries. The increased prevalence of infectious diseases is a significant issue on a scale. According to market statistics, actual numbers were at least two to three times higher than in previous years, according to the 3.4 million deaths reported to WHO. Patients and caregivers are shielded from harmful diseases by disposable gloves. This is propelling disposable gloves market revenue.
Several worldwide healthcare organizations and agencies, such as the WHO and the Centers for Disease Control and Prevention, have actively promoted and supervised patient safety programs to create hand hygiene standards. Additionally, the COVID-19 pandemic has greatly raised the demand for disposable gloves and recently accelerated the market CAGR.
The market segmentation , based on type, is natural rubber, nitrile, vinyl, and others. The natural rubber disposable gloves segment held the majority share in 2021, contributing to around ~35% of the disposable gloves market revenue. Gloves made of natural rubber latex are frequently used in applications that call for waterproof and chemically resistant materials. Hands are shielded from biological threats like bacteria, viruses, and bodily fluids. Additionally, they can defend against water-based chemicals and typical cleaning supplies like detergents and alcohol. Natural rubber latex gloves are an excellent option for dentistry, surgical and healthcare applications, and laboratory work, among other things, because of these important characteristics.
According to the market outlook, the market is segmented into medical, examination, surgical, food service, clean room, and others based on application. According to the market forecast, the medical segment dominated the market in 2021 and is projected to be the faster-growing segment during the forecast period, 2022-2030. The COVID-19 pandemic is expected to increase demand for gloves, which are utilized by medical personnel worldwide for examination and testing, and to avoid contact with individuals who are sick. Surgical and examination gloves are two common categories of disposable gloves based on their intended use. Hence, rising applications in medical for disposable gloves positively impacts the market growth.
By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. According to market data, in North America, the disposable gloves market accounted for USD 230.62 million in 2021 and is expected to exhibit a significant CAGR during the study period. The COVID-19 pandemic has greatly increased the demand for disposable gloves in the area. According to market research, the region's market is expected to increase favorably due to rising healthcare spending, an aging population, and greater public awareness of healthcare-acquired infections. The reform proposal includes improvements to the public healthcare system infrastructure, and investments in new facilities are also propelling the disposable gloves market.
Furthermore, the major countries studied in the market report are the US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Europe's disposable gloves market accounts for the second-largest market share due to the demand for food and beverages being anticipated to increase as purchasing power and living standards rise. When processing food, gloves are essential for preserving food cleanliness. Thus, it is projected that the market will be driven by increased demand from places where the food processing industry is expanding. Further, the German disposable gloves market held the largest share, and the UK disposable gloves market was the fastest-growing market in the European region.
The Asia-Pacific disposable gloves market is expected to grow at the fastest CAGR from 2022 to 2030. This is due to more investment anticipated in the region's healthcare sector due to the region's aging population and constantly shifting demographics. Additionally, due to their top-notch medical facilities, Malaysia and Thailand have seen a steady increase in medical tourism, which has drawn many overseas patients. Increasing demand from areas where the healthcare sector is increasing is one of the reasons fueling market expansion. Moreover, China's disposable gloves market held the largest share, and the Indian disposable gloves market was the fastest-growing market in the Asia-Pacific region.
Market players are investing much money in R&D to broaden their product offerings, which will spur further expansion of the disposable glove market. With significant key market developments like new product releases, contractual agreements, mergers & acquisitions, increased investments, and collaboration with other organizations, market participants are also undertaking various strategic activities to expand their presence. According to market competitive landscape, players must offer affordable products to grow and thrive in a market setting where competition is fiercer, and prices are rising.
Manufacturing locally to cut operational costs is one of the main business methods producers use worldwide disposable gloves industry to benefit customers and develop the market sector. Market major players such as Top Glove Corporation Bhd, Hartalega Holdings Berhad, Kossan Rubber Industries Bhd, and others are working on expanding the market demand by investing in R&D activities.
The creation, manufacture, sourcing, distribution, and marketing of gloves and protective items are Ansell Limited's main business operations. The business maintains offices in more than 55 nations, including Commercial Hubs in the United States, Belgium, and Malaysia. Manufacturing locally to cut operational costs is one of the main business methods producers use worldwide disposable gloves industry to benefit customers and develop the market sector. In January 2021, Primus ("Primus") was acquired by Ansell Limited and related assets, including the Life Science division of Primus Gloves and Sanrea Healthcare Products. Additionally, a long-term supply arrangement has been established between Ansell and Primus. One of the few manufacturers of long cuff gloves in the world with a well-known name is Primus, an Indian company that produces and markets gloves for the Life Science and Specialty Medical industries.
Also, the highest level of hand protection and innovation are both associated with SHOWA. With 58 patents under our belt and over 100 researchers and developers working to improve what we do best, we set the standard for our sector without being imitated. In April 2022, The U.S. Food and Drug Administration granted 510(k) medical approval for the single-use nitrile gloves made by Showa Group. Because of this, the business is the only fully integrated producer of single-use, nitrile PPE gloves in the country. With the certification, SHOWA will now offer the first biodegradable nitrile gloves approved for medical usage.
|Market Size 2021||USD 547.8 million|
|Market Size 2022||USD 599.29 million|
|Market Size 2030||USD 1123.98 million|
|Compound Annual Growth Rate (CAGR)||4.72% (2022-2030)|
|Market Forecast Period||2022-2030|
|Historical Data||2018 & 2020|
|Market Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type, Application, and Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and the Rest of the World|
|Countries Covered||The U.S, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil|
|Key Companies Profiled||Ansell Limited, Semperit AG Holding, Medline Industries Inc., B. Braun Melsungen AG, MRK Healthcare Pvt. Ltd, Hartalega Holdings Berhad, RFB Latex Limited, Asma Rubber Products Pvt. Ltd, Kanam Latex Industries Pvt. Ltd, and Primus Gloves Private|
|Key Market Opportunities||Nitrile Gloves Offer Superior Functionality and Qualities to drive the disposable gloves market|
|Key Market Dynamics||Rising demand in the healthcare industry is increasing disposable gloves|
The market for disposable gloves size was valued at USD 547.8 Million in 2021.
The market for disposable gloves is projected to register a CAGR of 4.72% during the forecast period 2022-2030.
North America had the largest share of the disposable gloves market.
The key players in the market for disposable gloves are Ansell Limited, Semperit AG Holding, Medline Industries Inc., B. Braun Melsungen AG, MRK Healthcare Pvt. Ltd.
The natural rubber disposable gloves category dominated the market in 2021.
The medical had the largest share in the disposable gloves market.
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