Nitrile Gloves Market Growth, Trends, Key Players Forecast 2022-28

According to Precision Business Insights (PBI), the latest report, the market value of the nitrile gloves market size is expected to be valued at USD 9,254.2 million in 2022 and is expected to grow at a CAGR of 5.9% in 2022-2028. The primary factors that drive the market are rising healthcare expenditure, growing implications of workplace safety, and the increasing awareness of infections associated with healthcare along with this the COVID-19 pandemic has caused an exponential surge in demand for an extensive variety of PPE, as well as gloves.

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Powder- Free to Dominate the Nitrile Gloves Market:
Based on product type, powder-free holds the highest market share. The major factor for the rise of this segment is because of the growing use of powder-free nitrile gloves in healthcare and medical facilities. Apart from this, the prohibition of the usage of powdered gloves in healthcare facilities by the Food and Drug Administration can drive the global nitrile gloves market growth. Apart from this, the rising adoption of nitrile gloves in the food and beverage industry can also drive the growth of the market.

Asia Pacific Nitrile Gloves Market:
Asia Pacific region is expected to grow significantly in the global nitrile gloves market size over the forecast period. The Asia Pacific region is expanding as a result of growing safety and hygiene standards across numerous healthcare sectors in developing countries in addition to fast industrialization. Apart from this, the medical and healthcare industry in China is expected to grow at a rapid speed due to various factors such as the increase in the aging population, urbanization, an enhanced standard of living, and growing healthcare infrastructure are some of the reasons for the potential growth of the market in these regions.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global nitrile gloves market further reveals that the key players are implementing strategies such as the extension of product collection through research and development activities, product launches, acquisitions, mergers, and strategic alliances to improve their market position and strengthen the market revenue share. In November 2021, new safe skin nitrile gloves were launched by US' Owens & Minor. In January 2022, new nitrile gloves were introduced by Kimberly-Clark Professional.

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The nitrile gloves market is segmented based on, product type, type, end users, and region.
Based on the product type, the market is segmented into the following:
• Disposable
• Durable

Based on the type, the market is segmented into the following:
• Powdered
• Powder Free

Based on the end users, the market is segmented into the following:
• Medical and Healthcare
• Automotive
• Oil and Gas
• Food and Beverage
• Metal and Machinery
• Chemical and Petrochemical
• Pharmaceutical
• Cleanroom
• Others

Based on the region, the market is segmented into the following:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

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Key players' profiles in the nitrile gloves market report are Ansell Ltd, Top Glove Corporation Bhd, Hartalega Holdings Berhad, Unigloves (UK) Limited, Adenna LLC, Kossan Rubber Industries Bhd, Superior Gloves, MCR Safety, Supermax Corporation Berhad, Ammex Corporation, Cardinal Health, and Medline Industries, Inc.

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This release was published on openPR.