Gloves Market Unveiling the Industry Outlook Market Size, Trends, Share, and Growth Projections 2031

The global market for gloves was valued at $48,011.33 million in 2017 and is projected to reach $118,508.55 million by 2025, exhibiting a CAGR of 8.6% during the period from 2021 to 2025. Gloves are a type of personal protective equipment (PPE) designed to protect individuals from microbial contamination, chemical contact, and cross-transmission of healthcare-associated infections. They are categorized into medical/examination gloves and industrial gloves, serving various fields.

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Protective gloves should be selected based on the specific hazards involved and should always be worn when handling infectious materials, radioactive substances, chemicals, and extreme temperatures. The demand for gloves has experienced a significant boost in the market due to the increase in infectious diseases and the impact of COVID-19 worldwide. Furthermore, the Food and Drug Administration (FDA) issued a final rule in December 2019 banning the use of powdered medical gloves. According to estimates by Eagle Protect, approximately 300 billion disposable gloves are used annually across different industries in the United States.

The global gloves market is driven by factors such as increased rubber production, growing concerns regarding safety and hygiene, and a rise in the number of end-users. Additionally, increased awareness among healthcare providers regarding hygiene practices and technological advancements are further fueling market growth. However, high price competition and potential toxic reactions to certain gloves are expected to hinder market growth. Conversely, developing economies and untapped markets present lucrative growth opportunities during the forecast period.

The global gloves market is segmented based on type, industry, and region. The types of gloves include disposable sterile gloves (such as surgical and examination gloves), disposable examination and protective gloves (including nitrile, latex, vinyl, and others), and consumer gloves. Industries utilizing gloves range from medical, horeca (food industry, cleaning, beauty, and others), to pharmaceutical, chemical, automotive, electronics, construction, and more. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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Leading players in the market include 3M Co., Ansell Ltd., Cardinal Health, Inc., Semperit AG Holding, Hartalega Holdings Berhad, Honeywell International Inc., Kimberly-Clark Corp., Kossan Rubber Industries Bhd, and Top Glove Corp. Bhd.

KEY BENEFITS FOR STAKEHOLDERS
- This report entails a detailed quantitative analysis along with the current global gloves market trends from 2021 to 2025 to identify the prevailing opportunities along with the strategic assessment.
- The market size and estimations are based on a comprehensive analysis of key developments in the industry.
- A qualitative analysis based on innovative products facilitates strategic business planning.
- The development strategies adopted by the key market players are enlisted to understand the competitive scenario of the market.

Key Market Segments
By Type
- Disposable Sterile Gloves
o Disposable Surgical Sterile gloves
o Disposable Examination Sterile gloves
o Other Sterile gloves
- Disposable examination and protective gloves
o Disposable nitrile examination and protective gloves
o Disposable latex examination and protective gloves
o Disposable vinyl examination and protective gloves
o Other Disposable examination and protective gloves
- Consumer gloves

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By Industry
o Medical
o Horeca (food)
o Cleaning
o Beauty
o Food and Drinks
o Pharmaceutical
o Chemical
o Automotive
o Electronics
o Construction
o Others

- By Region
? North America
? Europe
? Asia-Pacific
? LAMEA

Market report provides answers to the following key questions:

- What are the strengths and weaknesses of the key vendors?
- Who are the main key players and what are their future business plans?
- What will be the market size and growth rate in the upcoming year?
- What are the major factors driving the global market?
- What are the key market trends influencing global market growth?
- What are the factors trending and impacting market shares in different regions? What is the impact of Covid-19 on the industry?
- Who are the key market players and what are their strategies in the global market?
- What are the market opportunities and threats faced by vendors globally? What industry trends, drivers, and challenges are affecting their growth?
- What are the key findings from the five forces analysis of the global market?

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What this research study offers -

- Market assessments conducted at the regional and country levels to provide detailed granularity.
- The study focuses on analyzing the factors that impact competition and pricing dynamics.
- Thorough competitive analysis that traces the value chain from upstream to downstream.
- Predictive analysis of upcoming trends and shifts in the supply and demand dynamics.
- Examination of competitive developments, including technological advancements, mergers and acquisitions, etc., in the market.
- Identification of influential factors driving the market's sustained growth, with periodic analysis using tables and figures for forecasting.
- The provided forecast information will support the development of strategic, innovative, and profitable business plans, along with SWOT analysis of players, investment feasibility, and recommendations.

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