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Rising Healthcare And Food Processing Industries Fueling Industrial Gloves Market Growth: Core Growth Enabler in the Industrial Gloves Market, 2025
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Will the Industrial Gloves Industry Market Size Be by 2025?
The market size for industrial gloves has seen speedy expansion in recent times. It is projected to increase from $18.08 billion in 2024 to $20.04 billion in 2025, with a compound annual growth rate (CAGR) of 10.8%. This growth during the past period is largely due to stricter workplace safety regulations, an increase in occupational risks, expansion of the manufacturing and construction industries, higher demand in healthcare and medical sectors, and a rise in demand in the chemical industry.
What's the Long-Term Growth Forecast for the Industrial Gloves Market Size Through 2029?
The market for industrial gloves is set to experience significant expansion in the upcoming years. It is predicted to hit a value of $31.02 billion by 2029, with a compound annual growth rate (CAGR) of 11.5%. Factors contributing to this projected growth spanning the forecast period include heightened pandemic readiness, escalating demand for sustainable products, expansion of the e-commerce and logistics industries, increased usage of superior materials, and frequent legislative modifications. Notable emerging trends during the prediction period are gloves that are compatible with touchscreens, smart gloves, gloves that possess anti-microbial properties, ergonomically designed gloves, gloves that are resistant to impacts, and gloves that can resist cuts.
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What Are the Key Growth Drivers Fueling the Industrial Gloves Market Expansion?
The advancement of healthcare and food processing sectors is anticipated to drive the expansion of the industrial gloves market. Healthcare sectors encompass businesses that render clinical facilities and produce drugs and medical devices, while the food processing sectors include businesses that convert an agricultural product into a food product for sale at local supermarkets or change one food item into another. Industrial gloves are important to the healthcare sector in preventing infection or disease transmission, and the food processing sector uses these gloves to uphold sanitation and decontamination in both low and high-risk areas. For example, the India Brand Equity Foundation, a government-run Indian export promotion agency, forecasts that the Indian healthcare sector will triple its growth, expanding at a 22% CAGR from 2016-2022, and hitting USD 372 billion in 2022. In addition, according to InvestIndia, an Indian investment facilitation company, the Indian food processing sector, which is one of the world's largest, is projected to achieve an output of $535 bn by 2025-26. As such, these expanding healthcare and food processing sectors are significant contributors to the growth of the industrial gloves market.
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What Are the Key Trends Driving Industrial Gloves Market Growth?
The key trend gaining traction in the industrial gloves market is the adaptation and application of new technologies. Prominent companies in the industrial gloves market are introducing technological advancements like high-cut-risk area surface technology and grip to maintain their market influence. An example of this is Ansell, a worldwide protective solutions leader, who, in March 2022, launched the AlphaTec 58-735 gloves. They are equipped with ANSELL GRIP Technology for improved handling under wet and oily conditions. These gloves, ideal for industries like manufacturing and oil and gas, aim to reduce hand fatigue and enhance agility. Equipped with INTERCEPT Technology, they also offer high-level cut resistance, ensuring safety in high-risk situations. This amalgamation of superior grip and cut resistance demonstrates the industry's commitment to improving protective equipment safety and efficiency through technological advancements.
How Is the Industrial Gloves Market Segmented?
The industrial gloves market covered in this report is segmented -
1) By Product: Reusable Gloves, Disposable Gloves
2) By Material Type: Natural Rubber Gloves, Nitrile Gloves, Vinyl Gloves, Neoprene Gloves, Polyethylene Gloves, Other Material Types (PVC, Leather Gloves)
3) By End-Use: Pharmaceuticals, Automotive and Transportation, Food, Oil and Gas, Mining, Chemicals, Other End-Uses (Pulp and Paper, Metal fabrication)
Subsegments:
1) By Reusable Gloves: Latex Gloves, Nitrile Gloves, PVC Gloves, Neoprene Gloves, Rubber Gloves
2) By Disposable Gloves: Latex Disposable Gloves, Nitrile Disposable Gloves, Vinyl Disposable Gloves, Polyethylene Disposable Gloves, Other Specialty Disposable Gloves
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Which Companies Are Leading the Charge in Industrial Gloves Market Innovation?
Major companies operating in the industrial gloves market include 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, 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
Which Regions Are Leading the Global Industrial Gloves Market in Revenue?
Asia-Pacific was the largest region in the industrial gloves market in 2024. The regions covered in the industrial gloves market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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