Press release
Nitrile Gloves Market 2024: Growth by Regional Segments, Unveiling Upcoming Business Strategies, Industry Revenue, and a Strategic Forecast Journey Until 2033
Nitrile Gloves Market
The Business Research Company presents an extensive market research report on the Nitrile Gloves Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The nitrile gloves market size has grown strongly in recent years. It will grow from $15.18 billion in 2023 to $16.68 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The growth in the historic period can be attributed to healthcare advancements, rise in healthcare expenditure, occupational safety regulations, increased in pandemic preparedness, globalization of supply chains..
The nitrile gloves market size is expected to see rapid growth in the next few years. It will grow to $24.85 billion in 2028 at a compound annual growth rate (CAGR) of 10.5%. The growth in the forecast period can be attributed to consumer and industry education, geopolitical and economic factors, environmentally friendly solutions, expansion into new industries, cost efficiency and affordability.. Major trends in the forecast period include healthcare industry demand, pandemic-driven demand, preference for nitrile over latex, regulatory standards evolution, hygiene emphasis post-pandemic..
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Key Market Players:
Major companies operating in the nitrile gloves market report are Top Glove Corporation Berhad, Ansell Limited, Hartalega Holdings Berhad, Adenna LLC, Unigloves Limited, Kossan Rubber Industries Berhad, MCR Safety, Ammex Corporation, Dynarex Corporation, YTY Group, Superior Gloves Works Ltd., Supermax Corporation Berhad, Nacosa USA Corp., Innovative Healthcare Corporation, Nitronix International Pte. Ltd., Renco Corporation, Safetouch PPE Inc., SAS Safety Corporation, HMD Healthcare Corp., The Glove Company LLC, American Nitrile, Kimberly-Clark Corporation, Semperit AG Holding, Showa Group, Globus Ltd., Riverstone Holdings Limited, Cardinal Health Inc., Medline Industries Inc., Halyard Health Inc.
Market Drivers:
Rising healthcare expenditure is expected to propel the nitrile gloves market going forward. Healthcare expenditure refers to expenditure for family planning, nutrition activities, emergency health aid, and health services. Increasing healthcare expenditure will enable more spending on healthcare products and safety solutions, which will help in the growth of the market. For instance, in November 2023, according to the CIHI, a Canada-based independent, not-for-profit organization, Canada's total health spending is projected to reach $344 billion in 2023, equivalent to $8,740 per Canadian and constituting 12.1% of the country's gross domestic product (GDP). Anticipated to grow by 2.8% in 2023, this follows a modest 1.5% increase in 2022. Therefore, the rising healthcare expenditure is driving the nitrile gloves market.
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https://www.thebusinessresearchcompany.com/report/nitrile-gloves-global-market-report
The nitrile gloves market covered in this report is segmented -
1) By Type: Powder-Free Nitrile Gloves, Powder-Coated Nitrile Gloves
2) By Texture: Smooth, Micro Roughened, Aggressively Textured
3) By Grade: Medical Grade, Industrial Grade, Food Grade
4) By End-Use: Healthcare, Food And Beverage, Automotive, Construction, Oil And Gas, Pharmaceutical, Chemical, Metal And Machinery, Cleanrooms, Other End Uses
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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