Rubber Gloves Market Size -Industry Specific Opportunities and Trends Affecting the Growth

The powder-free segment held more than two-thirds of the global rubber gloves market share in 2020, and is expected to dominate throughout the forecast period. Moreover, this segment is projected to mangiest the largest CAGR of 12.5% from 2021 to 2030. This is attributed to rise in demand for rubber gloves from hospitals and laboratories.

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The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.

The disposable segment garnered the highest market share in 2020, contributing to around two-thirds of the global rubber gloves market, and is projected to lead the trail by the end of 2030. Moreover, this segment is anticipated to showcase the fastest CAGR of 12.5% from 2021 to 2030. Increase in demand for disposable gloves from sectors such as food & catering, spa & saloons, photochemistry, automotive, and healthcare drives the growth of the segment.

This makes it important to understand the practical implications of the Rubber gloves market. To gain a competitive advantage, the players must have something unique. By tapping into the untapped market segment, they can establish a relevant point of differentiation, and this report offers an extension analysis of untapped segments to benefit the market players and new entrants to gain the market share.

North America accounted for the major share in 2020, holding nearly two-fifths of the global rubber gloves market, due to extensive demand of rubber gloves from the R&Ds activities conducted in this continent. However, the market across Asia-Pacific is expected to cite the fastest CAGR of 15.0% throughout the forecast period.

KEY MARKET PLAYERS:

The report provides the SWOT analysis of the key market players Ansell Ltd., Hartalega Holdings Berhad Corporation, Kimberly Clark Company, Kossan Rubber Industries Bhd, Top Glove Corporation Bhd, Supermax Corporation Berhad, Schield Scientific, Atlantic Safety Products Inc., Unigloves (UK) Limited. which gives the business overview, financial analysis, and portfolio analysis of products and services. The latest news related to industry developments in terms of market expansions, acquisitions, growth strategies, joint ventures, collaborations, product launches, market expansions etc. are included in the report for the better understanding of the stakeholders in framing strategic decisions to gain long term profitability and market share.

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Rise in demand for medical and healthcare applications and increase in demand from chemical, oil & gas and petrochemical industries fuel the growth of the global rubber gloves market. On the other hand, latex sensitivity and low tactile sensitivity of nitrile gloves impede the market growth to some extent. However, surge in awareness towards hygiene practices present new opportunities in the industry.

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The current situation of pandemic makes it very important for the stakeholders in the Rubber gloves market to understand the market deeply, which will help them in taking sound decisions, to gain the competitive advantage. By exploring the unexplored areas of market, the key players can surely gain a larger market share.

According to the report, the global rubber gloves industry was estimated at $34.0 billion in 2020, and is anticipated to hit $122.5 billion by 2030, registering a CAGR of 12.2% from 2021 to 2030.

KEY OFFERINGS OF THE REPORT:

Key drivers & Opportunities: An extensive analysis on key factors and opportunities available in different segments for strategizing.

Current trends & forecasts: A comprehensive analysis on latest trends, and forecasts for next few years to frame strategic decisions as a next step.

Segmental analysis: An extensive analysis of each segment and driving factors such as revenue and growth rate is offered.

Regional Analysis: A thorough analysis of each geographic region can help market players devise expansion strategies and gain from the opportunity.

Competitive Landscape: Useful insights on each of the leading market players for outlining competitive scenario and related strategies have been offered in the report.

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