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Disposable Gloves Market’s opportunity rising to US$7.85 bn by 2019
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The global disposable gloves industry in terms of volume in 2012 was 200.18 billion pieces. This figure of disposable gloves pieces is expected to grow further due to growing hygiene awareness around the world. Campaigns lead by WHO (SAVE LIVES: Clean Your Hands), CDC (Clean Hands Save Lives), and other prominent organizations around the world are promoting hand hygiene. Increasing awareness of hygiene among healthcare providers and patients is driving the market of disposable gloves.
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It was noted in 2012 that North America was leading the disposable gloves market with 42.3% demand. Increasing number of threats from infectious diseases and investments by government in U.S. in the healthcare sector has resulted into a mature market for disposable gloves. According to TMR analysts, the disposable gloves market in North America is saturated and other regions will demonstrate stronger growth comparatively. Currently, Europe is the second largest consumer of disposable gloves and in 2012, it amounted to 30.8% of the global disposable gloves market. This region is anticipated to grow at a 5.4% CAGR during 2013-2019 period. Asia-Pacific region is showing great promise too, especially from India and China. Asia Pacific will emerge as the fastest growing disposable gloves market in terms of volume in the coming six years. In 2012, Asia Pacific accounted for 15.3% of the global disposable gloves market and it will grow at 6.7% CAGR during the forecast period. On the contrary, RoW region which comprises of Latin America, Africa, and the Middle East is forecasted to be the fastest growing market through 2019.
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Even though, the healthcare industry is one of the major applications of disposable gloves, they are gaining popularity in non-medical sectors such as food, cleanroom, and industrial. Manufacturers of disposable gloves provide natural rubber gloves, nitrile gloves, vinyl gloves, and gloves made from other materials such as neoprene and polyethylene. Natural rubber gloves led the disposable gloves market in 2012 with 39.7% of global demand, but they are anticipated to lose their demand in the next few years because of several latex allergies experienced among workers.
The disposable gloves market will get a boost from nitrile gloves due to their increasing preference by the healthcare industry. Nitrile gloves product segment is expected to be the fastest growing product segment with a CAGR of 6.8%. Vinyl gloves will continue to display moderate growth of 5.3% CAGR during the forecast period.
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Top key players in the disposable gloves market dominate over 50% of the global market share. Some of these key manufacturers include Top Glove Corporation, Kossan Rubber Industries, Supermax Corporation Berhad, Latexx Partners, Hartalega Holdings Bhd, and Adventa Health.
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