Press release
Rubber Gloves Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region
The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033The Business Research Company offers in-depth market insights through Rubber Gloves Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The rubber gloves market size has grown rapidly in recent years. It will grow from $22.91 billion in 2023 to $26.48 billion in 2024 at a compound annual growth rate (CAGR) of 15.6%. The growth in the historic period can be attributed to health and hygiene awareness, medical and healthcare industry growth, food industry regulations, occupational safety standards, pandemic preparedness.
The rubber gloves market size is expected to see rapid growth in the next few years. It will grow to $48.8 billion in 2028 at a compound annual growth rate (CAGR) of 16.5%. The growth in the forecast period can be attributed to rising standards in food safety, expansion of the healthcare sector, increased focus on infection control, occupational safety practices, technological innovations in material science. Major trends in the forecast period include expansion of usage beyond healthcare, sustainability initiatives in glove production, customization for specialized applications, strategic partnerships and collaborations, regulatory compliance and quality assurance.
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Market Segmentation:
The rubber gloves market covered in this report is segmented -
1) By Type: Powdered, Powder Free
2) By Material: Natural Rubber/Latex, Nitrile, Neoprene, Other Materials
3) By Product: Disposable, Durable
4) By Distribution Channel: Online, Physical
5) By End-User: Medical And Healthcare, Automotive, Oil And Gas, Food And Beverage, Metal And Machinery, Chemical And Petrochemical, Pharmaceutical, Cleanroom, Other End-User
Major Driver - Rising Usage Of Gloves For Surgeries To Drive Market Growth
An increase in the usage of gloves in numerous surgeries is expected to propel the growth of the rubber glove market going forward. Gloves refer to hand coverings made with a separate part for each finger and for the thumb. Rubber gloves help physicians or surgeons avoid direct contact with body fluids such as blood, urine, feces, mucous membranes, or surgical equipment during surgeries. For instance, in April 2021, according to the statistics published by the American Society of Plastic Surgeons, a US-based plastic surgery specialty organization, a total of $6.9 million in reconstructive surgical procedures were performed, which was 3% more than that performed in 2019, at $6.7 million. Therefore, an increase in the usage of gloves in numerous surgeries is driving the rubber glove market.
Competitive Landscape:
Major companies operating in the rubber gloves market report are Cardinal Health Inc., Honeywell International Inc., 3M Company, Medline Industries Inc., Kimberly-Clark Corporation, Top Glove Corporation Bhd, Halyard Health Inc., Sri Trang Gloves Public Company Limited, Ansell Ltd., Kossan Rubber Industries Bhd, Ammex Corporation, Riverstone Holdings Limited, Supermax Corporation Berhad, Hartalega Holdings Berhad, Mapa Professional GmbH, Lakeland Industries Inc., Superior Gloves Works Limited, Memphis Glove Crews Incorporated, Showa Corp, Kanam Latex Industries Pvt Ltd., Corporation (M) Berhad, Dynarex Corporation, Sempermed USA Inc., Unigloves (UK) Limited, Shield Scientific BV, Atlantic Safety Products Inc., The Glove Company, Medicom Inc., Smart Glove Corporation Sdn Bhd, Clean Q Grip Sdn. Bhd, Uvex Safety Winter Holding GmbH& Co, Acme Safetywears Limited, Longcane Industries Sdn Bhd, RFB Latex Limited, WRP Asia Pacific Sdn Bhd, Comfort Rubber Gloves Industries Sdn Bhd, Latexx Partners Berhad, Southern Glove Inc.
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Top Trend - Product Innovations Transforming The Rubber Gloves Market
Major companies operating in the rubber gloves market are developing new products such as biodegradable gloves to gain a competitive edge in the market. Biodegradable gloves refer to disposable gloves that are designed to break down naturally into harmless components when exposed to environmental conditions. For instance, in May 2023, Cranberry International Sdn. Bhd., a Malaysia-based personal protective solutions company, launched the Bio Nitrile Biodegradable Nitrile Powder Free Examination Gloves, addressing the increasing demand for environmentally sustainable healthcare products. These gloves incorporate a unique additive, facilitating microbial activity in landfills and achieving up to 90% biodegradation within 1.5 years, while still surpassing ASTM standards for strength and durability. Positioned as a significant breakthrough in the healthcare industry, Cranberry's Bio Nitrile gloves offer eco-friendly benefits without compromising protection, making them ideal for medical and dental examinations.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Rubber Gloves Market Characteristics
3. Rubber Gloves Market Trends And Strategies
4. Rubber Gloves Market - Macro Economic Scenario
5. Rubber Gloves Market Size And Growth
…..
27. Rubber Gloves Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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