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Glove Market worth $33.12 billion by 2030, growing at a CAGR of 7.80% - Exclusive Report by 360iResearch
Glove Market | 360iResearch
The Global Glove Market to grow from USD 19.57 billion in 2023 to USD 33.12 billion by 2030, at a CAGR of 7.80%.
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The glove market includes various types of gloves catering to diverse industries and applications. These include disposable gloves primarily used in the healthcare, food service, and cleaning industries; protective gloves designed for specific work functions in manufacturing and construction; and fashion or sports gloves that cater to consumer needs. Increasing awareness about safety and hygiene among consumers and industries with stringent regulations from government bodies mandating the use of protective equipment at workplaces is expanding the usage of gloves. Rising demand from healthcare sectors, especially amidst pandemics such as COVID-19, is increasing demand for gloves. Rising raw material costs, including nitrile and latex, and inconsistencies in the quality of imported gloves stemming from diverse international manufacturing standards are hampering market growth. Increasing research & development activities to develop materials and designs that improve comfort, durability, and efficiency is expected to create opportunities for market growth.
In the Americas region, there is a strong demand for gloves in various sectors, such as healthcare and food services. The aging population in the region has resulted in increased usage of gloves for medical purposes. Additionally, stringent safety regulations concerning worker protection have led to higher adoption of industrial gloves. In EU countries, increasing focus on sustainability is influencing consumers to opt for eco-friendly options such as biodegradable gloves made from renewable materials. Rising awareness regarding cleanroom contamination has grown significantly in the Asia-Pacific region. In recent years, China has witnessed a significant increase in the use of disposable gloves across cleanrooms, driven by the rapid expansion of its electronics, pharmaceuticals, and biotechnology industries. China has taken decisive steps to adopt stringent cleanroom standards in compliance with international norms, which has increased the demand for disposable gloves for cleanroom environments. Countries such as China, India, Japan, South Korea, and Singapore are focused on adopting advanced cleanroom technologies to reduce contamination risks in critical environments across various industries, including pharmaceuticals, biotechnology, and medical device manufacturing.
Market Segmentation & Coverage:
This research report categorizes the Glove Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across Chemically Resistant Gloves, Cryogenic Gloves, Fabric Gloves, Leather Gloves, and Metal Mesh Gloves. The Leather Gloves is projected to witness significant market share during forecast period.
Based on Material, market is studied across Natural Rubber Latex, Neoprene, Nitrile, Polyvinyl alcohol (PVA), and Polyvinyl chloride (PVC). The Neoprene is projected to witness significant market share during forecast period.
Based on Usage Type, market is studied across Disposable and Reusable. The Reusable is projected to witness significant market share during forecast period.
Based on End-User, market is studied across Aerospace, Chemical, Consumer Goods & Retail, Food & Breverage, and Healthcare & Pharmaceutical. The Aerospace is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 37.30% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Glove Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Glove Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Glove Market, highlighting leading vendors and their innovative profiles. These include 3M Company, ABB Asea Brown Boveri Ltd, Adidas AG, All-Star Sports, Amazing Gloves Pvt Ltd, Amigo Surgicare Pvt.Ltd., Amkay Products Limited, AMMEX Corporation, Anhui Tianyuan Latex Technology Co.,Ltd., Ansell group, Asma Rubber Products Pvt. Ltd., B. Braun SE, Cardinal Health, Inc., Crown Healthcare Ltd., Everlast Worldwide, Inc., Globus Group, Grays of Cambridge (International) Ltd., HARPS Holdings Berhad, Honeywell International Inc., Hospeco Brands Group, Kanam Latex industries Pvt. Ltd., Kimberly-Clark Worldwide, Inc, Kossan Rubber Industries Bhd, MCR Safety, Medline Industries, LP, Mizuno Corporation, Motex Healthcare Corp., Mölnlycke Health Care AB, Nike, Inc., and Watson Gloves.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Glove Market, by Type
7. Glove Market, by Material
8. Glove Market, by Usage Type
9. Glove Market, by End-User
10. Americas Glove Market
11. Asia-Pacific Glove Market
12. Europe, Middle East & Africa Glove Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Glove Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Glove Market?
3. What is the competitive strategic window for opportunities in the Glove Market?
4. What are the technology trends and regulatory frameworks in the Glove Market?
5. What is the market share of the leading vendors in the Glove Market?
6. What modes and strategic moves are considered suitable for entering the Glove Market?
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
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