Global Disposable Gloves Market expected to record a CAGR of ~6% during the forecast period (2017-2028): Ken Research

What Is The Size Of Global Disposable Gloves Industry?

Global Disposable Gloves market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD 15 Bn by 2028.

The Disposable Gloves Market is largely driven by increased investment in improving the public healthcare system.

Since the disposable gloves market was boosted by the COVID-19 outbreak, it started decelerating with the fading away of the intensity of the pandemic. For ex, Top Glove, one of the major leading manufacturers of gloves in Malaysia reported sales of US$0.32 billion during the third quarter of FY22, down 64% from US$0.91 billion reported last year.  With the Covid19 pandemic slowing down, the market for gloves and protective equipment is consolidating and expected to harm the growth of the disposable gloves market.

Covid19 pandemic had a positive impact on the disposable gloves market. one of the key manufacturers of disposable gloves, mentioned in its annual report for FY21 that sales volume growth for nitrile disposable gloves saw an increase of 23.6% from 2020 to 2021, with approximately 1.2 billion pieces sold versus 970.5 million pieces in 2020. Also, the average glove selling price increased from US$53/1000 pieces to US$73/1000 pieces from 2020 to 2021.

completed the acquisition of 2 parcels of leasehold land located in Perak, Malaysia, for the construction of a new nitrile disposable gloves production plant. This plant is capable of producing a combined capacity of up to approximately 7.5 billion pieces of nitrile disposable gloves per annum.

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Global Disposable Gloves Market By Product Type

The Global Disposable Gloves market is segmented by Product type into Latex, Nitrile, Vinyl, Neoprene and Polyethylene.

Nitrile holds the largest share of the Global Disposable Gloves market in 2022.

Nitrile is a synthetic rubber material that is commonly used as the base material for disposable gloves.

Nitrile gloves are in the market for a long time. Yet, declining prices and potential application in multiple new industries make it a potentially high-reward investment opportunity for the future.

Global Disposable Gloves Market By Form

The Global Disposable Gloves market is segmented by Form into Powdered and Powder-Free.

Powder-free gloves tend to be stronger than powdered gloves. Powdered gloves contain a corn-starch powder that may result in allergies or sensitivity.

Powdered-free gloves are strongly suited for manufacturing industries, food industries, chemicals, and others.

Studies show that powdered free gloves held approximately 75% of the market in 2021 and would continue to dominate the disposable gloves' form segment.

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Global Disposable Gloves Market by Application

The Global Disposable Gloves market is segmented by Application into Medical, Surgical, Examination and Clean Room.

The surgical segment holds the largest market share by application in the Global Disposable Gloves Market as the number of surgeries is increasing worldwide in 2022.

Increasing Covid19 infections also led to a surge in surgeries. For instance, the total number of procedures done in 2020, in Germany alone, was 858,553, while in Korea 702621 surgeries were conducted.

Examination disposable gloves are expected to grow in the forecasted period, because of their growing use in various industries, including food processing, chemical, automotive, etc.

According to data provided by Lancet, nearly 313 million surgical procedures were conducted globally in 2012. The Global Surgery 2030 report, published by the Lancet Commission on Global Surgery, showed that there could be 5,000 procedures per 100,000 population in 2030, resulting in nearly 430 million surgeries worldwide.

Global Disposable Gloves Market By End-User

The Global Disposable Gloves market is segmented by End-user into Hospitals, Clinics, Surgical Centers and Non-Medical.

Medical and Healthcare industries are the foremost end users of disposable gloves. Disposable gloves are used to prevent cross-contamination between patients and doctors. Since these disposable gloves are one-time usable, they should be dumped after surgical procedures and recycled again.

Medicals remain the prominent end-user for disposable gloves and hold the major chunk of the market.

However, as the gloves are getting upgraded as per evolving market demands, it is possible that non-medical end users also become important buyers for the gloves industry.

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Key Topics Covered in the Report

Snapshot of Global Disposable Gloves Market
Industry Value Chain and Ecosystem Analysis
Market size and Segmentation of the Global Disposable Gloves Market
Historic Growth of Overall Global Disposable Gloves Market and Segments
Competition Scenario of the Market and Key Developments of Competitors
Porter's 5 Forces Analysis of Global Disposable Gloves Industry
Overview, Product Offerings, and SWOT Analysis of Key Competitors
Covid 19 Impact on the Overall Global Disposable Gloves Market
Future Market Forecast and Growth Rates of the Total Global Disposable Gloves Market and by Segments
Market Size of Application / End User Segments with Historical CAGR and Future Forecasts
Analysis of Global Disposable Gloves Market
Major Production / Consumption Hubs in the Global Disposable Gloves
Major Production/Supply and Consumption/Demand Hubs in Each Major Regions
Major Region-wise Historic and Future Market Growth Rates of the Total Market and Segments
Overview of Notable Emerging Competitor Companies within Each Major Region

Major Companies Profiled in the Report

Ansell Ltd
Hartalega
Top Glove Bhd
Kossan Rubber Industries
Cardinal Health Inc
Sempermed
Sri Trang Gloves
Care Plus
Supermax Corporation Berhad
Synthomer Plc
Comfort Rubber Gloves Industries

Notable Emerging Companies Mentioned in the Report

Cullinan Gloves
Sara Health Care Pvt Ltd.
Amkay Products Pvt Ltd.
Medlis Healthcare Pvt Ltd
Anhui Tianyuan Latex Technology Co.
Dentopia Sdn Bhd.
American Nitriles
LifeMedz

Key Target Audience - Organizations and Entities Who Can Benefit by Subscribing This Report

Disposable gloves manufacturer companies
Disposable gloves distributors
Disposable gloves material supplier companies
Potential investors in disposable gloves companies
Disposable gloves association
Utilities sector organizations
Healthcare sector companies
PPE manufacturing companies
Research & development institutes
PE and VC Firms in Healthcare
Consulting companies in the health and hygiene sector
Disposable gloves component providers
Nitrile and latex gloves manufacturers
Government and research organizations
Investment banks & funds
Investors and financial community professionals
Healthcare Regulatory Authorities

Time Period Captured in the Report

Historical Period: 2019-2021
Forecast Period: 2022-2030F

For More Insights On Market Intelligence, Refer To The Link Below: -

https://www.kenresearch.com/business-research/global-disposable-gloves-market-outlook-2030/

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Ken Research is a Market Research and Consulting Firm, based out of India, Indonesia and UAE. Since 2011, we have been assisting clients globally with our Syndicate and Bespoke Market Research and Advisory Services.

This release was published on openPR.