Press release
Nitrile Gloves Market Set to Reach $27.58 Billion by 2029 with 12% Yearly Growth
Nitrile Gloves Market Size
The expected surge in healthcare expenditure is likely to boost the nitrile gloves market. The concept of healthcare expenditure encompasses spending on family planning, nutrition-related programs, urgent medical assistance, and health services in general. The growth of this expenditure will facilitate increased investment in healthcare goods and protective measures, contributing to the market's expansion. For example, as reported by the CIHI, an independent, non-profit organization based in Canada, total health expenditures in the country are expected to hit $344 billion in 2023, equating to $8,740 per person and making up 12.1% of Canada's GDP. An expected growth of 2.8% in 2023 is predicted, a rise from the humble 1.5% increase in 2022. As such, the escalating expenditure on healthcare is a major propellant for the nitrile gloves market.
Get Your Nitrile Gloves Market Report Here:
https://www.thebusinessresearchcompany.com/report/nitrile-gloves-global-market-report
What is the projected compound annual growth rate (CAGR) of the nitrile gloves market from 2025 to 2034, and what factors influence it?
The size of the nitrile gloves market has witnessed robust growth in the past few years. An increase is projected from $16.25 billion in 2024 to $17.72 billion in 2025, with a compound annual growth rate (CAGR) of 9.0%. This growth during the historical period is credited to advances in healthcare, an increase in healthcare spending, regulations related to occupational safety, heightened pandemic readiness, and globalization of supply chains.
The market for nitrile gloves is projected to experience significant expansion in the coming years, escalating to $27.58 billion by 2029 with a compound annual growth rate (CAGR) of 11.7%. This anticipated growth during the forecast period is due to factors like consumer and industry awareness, geopolitical and economic elements, eco-friendly solutions, entering new industrial areas, affordability, and cost efficiency. Key trends that will influence the market during this period are demand in the healthcare industry, needs driven by the pandemic, favoring nitrile gloves over latex, evolving regulatory standards, and an increased focus on hygiene following the pandemic.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=8475&type=smp
How are the latest trends influencing the growth of the nitrile gloves market?
Pioneering new products is becoming a prevalent trend in the nitrile gloves market. Companies at the helm of the nitrile gloves market are concentrating on inventing new technological methods to consolidate their standing. To illustrate, Kimtech, a Georgia-based company known for delivering contamination control solutions and safety products for various industries, rolled out a new prizm multi-layered neoprene nitrile glove in March 2022. These gloves are designed to safeguard against a broad spectrum of chemicals and provide superior fingertip grip even in damp conditions. The gloves feature a dark violet and dark magenta design, allowing wearers to easily detect mechanical faults. Furthermore, they minimize the likelihood of allergic reactions as they feature an accelerator-free donning layer.
What are the major segments of the nitrile gloves market and their role in driving growth?
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
Subsegments:
1) By Powder-Free Nitrile Gloves: Medical-Grade Powder-Free Nitrile Gloves, Industrial-Grade Powder-Free Nitrile Gloves
2) By Powder-Coated Nitrile Gloves: Medical-Grade Powder-Coated Nitrile Gloves, Industrial-Grade Powder-Coated Nitrile Gloves
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=8475
Which regions are key players in the growth of the nitrile gloves market?
North America was the largest region in the nitrile gloves market in 2024. The regions covered in the nitrile gloves market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the nitrile gloves market?
Major companies operating in the nitrile gloves market are Top Glove Corporation Berhad, Ansell Limited, Hartalega Holdings Berhad, Adenna LLC, Unigloves Limited, Kossan Rubber Industries Berhad, MCR Safety, Ammex Corporation, Dynarex Corporation, Rubbere*x Corporation (M) Berhad, 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.
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=8475&type=smp
What Is Covered In The Nitrile Gloves Global Market Report?
• Market Size Forecast: Examine the nitrile gloves market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the nitrile gloves market for a structured understanding.
• Key Players Overview: Analyze major players in the nitrile gloves market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the nitrile gloves market.
• Segment Contributions: Evaluate how different segments drive overall growth in the nitrile gloves market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the nitrile gloves market.
• Industry Challenges: Identify potential risks and obstacles affecting the nitrile gloves market.
• Competitive Landscape: Review strategic developments in the nitrile gloves market, including expansions, agreements, and new product launches.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Nitrile Gloves Market Set to Reach $27.58 Billion by 2029 with 12% Yearly Growth here
News-ID: 3887167 • Views: …
More Releases from The Business Research Company
Competitive Analysis: Leading Companies and New Entrants in the Wire Arc Additiv …
The wire arc additive manufacturing cell market is rapidly gaining traction as industries increasingly embrace advanced metal 3D printing technologies. With significant investments and technological breakthroughs, this sector is set to experience remarkable growth, transforming manufacturing processes across multiple fields. Let's explore the market's size, influential players, key trends, and segmentation to understand its future trajectory.
Projected Expansion of the Wire Arc Additive Manufacturing Cell Market
The wire arc additive manufacturing cell…
Future Perspectives: Key Trends Shaping the Viscosupplementation Treatment for A …
The viscosupplementation treatment for arthritis market is on the verge of significant expansion, driven by advances in medical technology and a growing demand for effective arthritis therapies. With increasing awareness around early intervention and new treatment options, this sector is poised for rapid development over the coming years. Let's explore the market size, key players, emerging trends, and segment-wise forecasts that define this growing industry.
Projected Market Growth and Size of…
Segmentation, Major Trends, and Competitive Overview of the Viral Vector Develop …
The viral vector development service market is set to experience substantial growth in the coming years, driven by technological progress and increasing demand from various sectors. As gene therapies and advanced treatments gain prominence, the need for efficient viral vector production and development is becoming more critical. Let's explore the market size projections, key players, emerging trends, and the segment structure shaping this industry's future.
Projected Expansion and Market Size of…
Competitive Landscape: Leading Companies and New Entrants in the Transient Elast …
The transient elastography market is poised for substantial expansion as advancements in healthcare diagnostics continue to evolve. Increasing emphasis on non-invasive techniques and early disease detection is driving widespread adoption, setting the stage for strong market growth in the coming years. Let's explore the current market valuation, leading players, emerging innovations, and key segments shaping this industry.
Projected Market Value and Growth of the Transient Elastography Market
The transient elastography market is…
More Releases for Glove
Automotive Glove Box
What is an Automotive Glove Box?
The name "glove box" comes from its original use as a place to store driving gloves. Some glove boxes can be locked for security, and a few even have cooling features to keep drinks chilled. An automotive glove box, or glove compartment, is a small built-in storage space in the dashboard of a car, usually in front of the passenger seat. It provides a convenient…
Data Glove Market | AiQ Synertial, Cyber Glove Systems, Gest, HaptX
Introduction:
The introduction to the report serves as a gateway into the comprehensive world of the data glove market. As industries continue to evolve and adapt to changing consumer demands and technological advancements, understanding the market dynamics becomes paramount for industry stakeholders. The report takes on the responsibility of offering a profound and all-encompassing analysis of the data glove market, catering to the needs of a diverse audience that includes manufacturers,…
Wired Glove Market | AiQ Synertial, Cyber Glove Systems LLC, Gest, HaptX
Introduction:
The introduction to the report serves as a gateway into the comprehensive world of the game servers market. As industries continue to evolve and adapt to changing consumer demands and technological advancements, understanding the market dynamics becomes paramount for industry stakeholders. The report takes on the responsibility of offering a profound and all-encompassing analysis of the game servers market, catering to the needs of a diverse audience that includes manufacturers,…
World Rubber Glove Market Manufacturer 2018 – Top Glove, Kossan, Hartalega, Se …
Global Rubber Glove Market research Report 2018 to 2021 presents an in-depth assessment of the Rubber Glove Market including sanctionative technologies, key trends, market drivers, challenges, standardization, regulative landscape, deployment models, operator case studies, opportunities, future roadmap, worth chain, ecosystem player profiles and methods. The report additionally presents forecasts for Rubber Glove investments from 2018 till 2021.
Global Rubber Glove marketing research Report 2018 offered by Intense Research contains a market…
Disposable Food Service Glove Market - Top Players Influencing the Market till 2 …
A report added to the rich database of Qurate Business Intelligence, titled “Global Disposable Food Service Glove Market Size, Status and Forecast 2023”, provides a 360-degree overview of the worldwide market. Approximations associated with the market values over the forecast period are based on empirical research and data collected through both primary and secondary sources. The authentic processes followed to exhibit various aspects of the market makes the data reliable…
Glove Boxes Market Report 2018: Segmentation by Type (Plastic Glove Boxes, Stain …
Global Glove Boxes market research report provides company profile for Inert Technology, Mbraun GmbH, Laminar Flow Inc, LC Technology Solutions Inc, Terra Universal, Cole-Parmer Instrument Company, Coy Laboratory Products, Glove Box Technology, Vacuum Atmospheres Co and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth…
