Global Disposable Gloves Market || Ansell Ltd., Top Glove Corporation Bhd, The Glove Company, Superior Gloves.

The global disposable gloves market accounted for 0.6 billion in 2019 and is estimated to be US$ 1.3 billion by 2029 and is anticipated to register a CAGR of 8.7%

The report "Global Disposable Gloves Market, By Material (Natural Rubber, Nitrile, Vinyl, Neoprene, Polyethylene, and Others), By Product (Powdered and Non Powdered), By End-user (Medical & healthcare and Non-medical), and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) - Trends, Analysis and Forecast till 2029”.

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Key Highlights:

In August 2020, BioSafe Gloves LLC and ViaClean Technologies announced their partnership and launched nitrile glove that prevents growth of bacteria on the glove. The innovative product has been treated with ViaClean Technologies' BIOPROTECT 500; a patented, registered antimicrobial that prevents the growth of bacteria, fungi, algae, mold and mildew on treated articles.
In July 2020, SW, the leader in single-use glove manufacturing, R&D, and hand health technologies, announced the introduction of the new Bantam brand of Thermoplastic Elastomer (TPE) gloves. The Bantam brand was developed to provide a quality single-use hand protection option in order to reserve nitrile and latex gloves that are in short supply, for frontline mission-critical workers.
Analyst View:

Growing product demand in the medical, healthcare, and pharmaceutical sector

In major developing economies, the healthcare industry is also projected to witness significant growth due to several factors, such as increasing investments in both public and private sectors, along with the increasing population and rising geriatric population. In addition, growing healthcare expenditure is projected to drive the growth of the healthcare industry, which in turn is expected to boost the global market growth. The major driver for the growth of the disposable gloves is the recent outbreak of COVD-19. The U.S is among the most severely affected country in the world. The presence of sophisticated healthcare infrastructure and comparatively higher disposable income levels of patients are propelling the growth of the industry in the U.S.

The rising number of product development and new product launches

Prominent players involved in the disposable gloves market are engaged in the manufacturing of gloves which eliminates the potential transmission of bacteria and other pathogens. For instance, Eagle Protect developed a new formulation of nitrile gloves similar to the Teflon in February 2018. This new formulation of nitrile gloves was resistant to micro-organisms and bacteria, thus lowering the risk of potential cross-contamination in ready-to-eat-foods.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Disposable Gloves Market”, By Material (Natural Rubber, Nitrile, Vinyl, Neoprene, Polyethylene, and Others), By Product (Powdered and Non Powdered), By End-user (Medical & healthcare and Non-medical), and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) - Trends, Analysis and Forecast till 2029

Key Market Insights from the report:

The global disposable gloves market accounted for 0.6 billion in 2019 and is estimated to be US$ 1.3 billion by 2029 and is anticipated to register a CAGR of 8.7%. The market report has been segmented on the basis of material, product, end-user, and region.

Depending upon material, natural rubber led the segment and estimated for 37.9% of the overall revenue share in 2019 due to the growth in the demand for natural rubber disposable gloves for several applications such as surgical, medical, and laboratory. The demand for nitrile glove is projected to considerably grow due to their increasing adoption in the medical & laboratory, chemical, dentistry, painting, and oil sectors.
In terms of product, on-powdered disposable gloves segment led the market as they are mainly recommended in the healthcare and medical facility to avoid reactions with alcohol-based hand rub. Growing adaption of non-powdered disposable gloves by people who are sensitive to latex gloves are propelling growth of the disposable gloves market.
By end-user, medical end-use segment led the market by accounting for a revenue share of 70% in 2019 owing to higher demand in hospital, veterinary, and dental applications. Disposable gloves are highly used across medical industry.
By region, Europe led the disposable gloves market accounting for over 30% of the total market revenue in 2019. Further, it is projected to witness moderate growth in the upcoming years. The growth is mainly attributed due to the growing requirement for highly effective protective gloves in the majority of core industries such as automotive, oil and gas, chemical, and food and beverages. Moreover, the rapid spread of coronavirus across the countries including India, Japan, and Indonesia is expected to grow the demand for disposable gloves in the Asia-pacific region.

Competitive Landscape:

The prominent player operating in the global disposable gloves market includes Ansell Ltd., Top Glove Corporation Bhd, The Glove Company, Superior Gloves, Lath Gloves, MAPA Professional, Unigloves (UK) Limited, MCR Safety, Adenna LLC, Atlantic Safety Products, Inc., Hartalega Holdings Berhad, and Globus (Shetland) Ltd.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

Some Important Points Answered in this Market Report Are Given Below:

Explains an overview of the product portfolio, including product development, planning, and positioning
Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
Detailed analysis of the market revenue over the forecasted period.
Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
Study on the segments that are anticipated to dominate the market.
Study on the regional analysis that is expected to register the highest growth over the forecast period

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