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Industrial Gloves Market Share, Growth Analysis, Overview 2024-2033
The Business Research Company recently released a comprehensive report on the Global Industrial Gloves Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
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According to The Business Research Company's, The industrial gloves market size has grown rapidly in recent years. It will grow from $16.26 billion in 2023 to $18.19 billion in 2024 at a compound annual growth rate (CAGR) of 11.9%. The growth in the historic period can be attributed to rise in workplace safety regulations, increased occupational hazards, growth of manufacturing and construction sectors, increased demand in healthcare and medical applications, increased demand in chemical industry.
The industrial gloves market size is expected to see rapid growth in the next few years. It will grow to $28.05 billion in 2028 at a compound annual growth rate (CAGR) of 11.4%. The growth in the forecast period can be attributed to increasing pandemic preparedness, increasing demand for sustainability, growth of e-commerce and logistics sectors, rising use of advanced materials, rising regulatory changes. Major trends in the forecast period include touchscreen compatibility, smart gloves, anti-microbial gloves, ergonomic designs, impact-resistant gloves, cut-resistant gloves.
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Market Drivers and Trends:
The growing healthcare and food processing industries are expected to propel the growth of the industrial gloves market going forward. Healthcare industries refer to companies that offer clinical services and manufacture drugs and medical equipment, whereas food processing industries refer to companies involved in any method used to transform an agricultural product into a food product and sell it at local grocery stores or to modify one food item into another. Industrial gloves help the healthcare industry prevent the spread of infection or illness, and the food processing industry requires gloves for maintaining hygiene and decontamination in low and high-hazard areas. For instance, according to India Brand Equity Foundation, an Indian government export promotion agency, the Indian healthcare sector is expected to record a three-fold rise, growing at a CAGR of 22% between 2016-2022, and reaching USD 372 billion in 2022. Further, according to InvestIndia, an Indian investment promotion agency, India's food processing sector is one of the largest in the world and its output is expected to reach $535 bn by 2025-26. Therefore, the growing healthcare and food processing industries are driving the industrial gloves market.
Implementation of innovative technologies is the key trend gaining popularity in the industrial gloves market. Major companies operating in the industrial gloves market are introducing technological innovations such as surface technology for high-cut-risk areas and grip to sustain their position in the industrial gloves market. For instance, in September 2021, Unigloves, a UK-based glove developer company operating in the industrial gloves market, launched NITEX, an industrial glove range, and created a unique surface technology, including NitreGrip for grip in various conditions, and NitreGuard for high-performance in the straight blade cut test.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Ansell Limited, Careplus Group Berhad, Globus Group, Hartalega Holdings BHD, Honeywell International Inc., Kossan Rubber Industries Bhd, Riverstone Holdings Limited, Semperit AG Holding, Supermax Corporation Berhad, Top Glove Corporation Bhd, 3M Corporation, Carolina Glove and Safety Company, Rubbere*x Corporation (M) Bhd, Ejendals AB, Lebon Protection, Kimberly-Clark Corporation, Renco Corporation, Mapa Professional, Towa Corporation, Delta Plus Group, Showa Group, MCR Safety, PIP Global, Bellingham Glove, Honeywell Safety Products, MDS Associates, Magid Glove & Safety, Wells Lamont Industrial
Industrial Gloves Market 2024 Key Insights:
• The industrial gloves market size is expected to see rapid growth in the next few years. It will grow to $28.05 billion in 2028 at a compound annual growth rate (CAGR) of 11.4%.
• Rising Healthcare And Food Processing Industries Fueling Industrial Gloves Market Growth
• Technological Advancements Reshaping The Industrial Gloves Market
• Asia-Pacific was the largest region in the industrial gloves market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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