Growing Demand of Disposable Gloves Market in India will Grow at CAGR of 12.4% and Expected to Reach $760 Million by 2025
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Neoprene gloves segment to register fastest growth through 2025
Among product types, the neoprene gloves segment is projected to grow at the fastest CAGR of 15.1% due to their increased demand in medical and non-medical industries (agriculture, chemical, oil & petrol refining, and cleaning & maintenance) coupled with rise in awareness about latex allergies. However, the natural gloves segment occupied more than half of the global market share in 2017 and is expected to maintain its lead throughout the forecast period, as they are less expensive than other products, and are therefore, widely used in the healthcare sector for protection against disinfectants and other harmful chemical agents. The report also analyzes other products including nitrile gloves, vinyl gloves, polyethylene, and others.
Powdered glove segment to retain lion's share through 2025
Powdered disposable gloves segment garnered more than three-fifths share of the market in 2017, and is expected to maintain its dominance through 2025. This is attributed to the fact that these gloves are not only tear-resistant and non-sticky but also ubiquitously available in the Indian market at an affordable cost. However, non-powdered disposable gloves is anticipated to register the fastest CAGR of 15.6% during the forecast period because these are powder-free in nature, less messy, and prevent undesired chemical reactions during surgeries and examination procedures.
Medical applications segment to dominate the market through 2025
The medical application segment accounted for more than three-fifths share of the market in 2017 and is expected to retain its lead throughout the forecast period, owing to the increasing use of disposable gloves in surgical procedures and growing incidence of infectious diseases in India. However, the non-medical industry is expected to grow at the highest CAGR of 13.3% during 2018-2025 due to the growing awareness regarding safety and hygiene among the Indian populace.
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Sales through online stores to grow at 14% CAGR through 2025
The sale of disposable gloves through online stores is projected to grow at the fastest CAGR of 14% during the forecast period, owing to the surge in the number of online buyers in India and advancements in online payment technologies. However, the wholesaling and direct selling segment occupied more than 70% of the Indian market in 2017 and is expected to retain its dominance through 2025, as such platforms facilitate the purchase of large quantities of disposable gloves at lower prices.
Key market players
The key players analyzed in the report include Ansell Limited, Hartalega Holdings Berhad (Gloveon), B. Braun Melsungen AG, Semperit AG Holding, Medline Industries, Inc., MRK Healthcare Pvt. Ltd., RFB Latex Limited, Primus Gloves Private Limited, Kanam Latex Industries Pvt. Ltd., and Asma Rubber Products Pvt. Ltd. They have adopted different strategies including collaborations, joint ventures, partnerships, expansions, mergers & acquisitions, and others to gain a strong position in the industry.
Table Of Content
Chapter: 1: INTRODUCTION
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools & models
Chapter: 2: EXECUTIVE SUMMARY
2.1. CXO perspective
Chapter: 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning, 2017
3.5. Market dynamics
22.214.171.124. Rise in concerns for safety and hygiene
126.96.36.199. Growth in number of end users
188.8.131.52. Advancements in technology
184.108.40.206. Less production capacity
220.127.116.11. Toxic reaction to certain gloves
18.104.22.168. Growth in the healthcare sector
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