Global Disposable Gloves Market: Players Resort to Strategic Alliances to Bolster Position

Transparency Market Research (TMR) in one of its latest reports points out that the global disposable gloves market features a largely consolidated vendor landscape, with key players holding more than 50% market share. Product development remains the key focus of leading players in the market to consolidate their position. Additionally, savvy players are also resorting to mergers and acquisitions and strategic partnerships to expand their outreach and gain competitive advantage.

Hartalega Holdings Berhad, Dynarex Corporation, Ansell Healthcare, Top Glove Corporation, Adventa Berhad, Kossan Rubber Industries, Supermax, and Cardinal Health Inc. are to name key names in the global disposable gloves market.

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As per estimates of a report by Transparency Market Research (TMR), the global disposable gloves market to clock a CAGR of 6.2% for the forecast period between 2013 and 2019. Progressing at this rate, the market’s valuation of US$5.21 bn in 2012 will become worth US$7.85 bn by the end of 2019. In terms of volume, the global disposable gloves industry stood at 200.18 billion pieces in 2012.

Among the key product segments, natural rubber (latex) segment currently dominates the market. This is mainly because of its attributes of excellent elasticity, easy availability of raw material, and affordability. Geography-wise, Asia Pacific has emerged as the most lucrative market for disposable gloves; going forward, the region is anticipated to continue to remain a key market for disposable gloves over the report’s forecast period.

The growth of the healthcare industry globally has been a significant factor behind the growth of disposable gloves market. The healthcare industry is a key consumer of disposable gloves, and its thriving growth in developed and developing countries have given significant boost the global disposable gloves market over the past few years. Rising awareness regarding hygiene and measures for disease prevention account for the high demand for disposable gloves from the healthcare sector.

Apart from this, rising applications of disposable gloves in non-traditional end-use sectors such as cleanroom, food, and industrial segments is anticipated to provide immense growth opportunities to the disposable gloves market. Implementation of mandates pertaining to hygiene and disease prevention in medical and food and beverage industry are further expected to fuel the demand for disposable gloves in the future.

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Disposable gloves are increasingly finding application across several industries such as automotive, food and beverages, and pharmaceuticals along with laboratories and R&D centers to maintain hygiene. Disposable gloves are primarily used as a barrier between the skin and external environment in order to protect the skin from coming in contact with harmful chemicals or reactive materials. The use of disposable gloves help prevent germs to spread and helps prevent contamination between surfaces in contact. Disposable gloves are increasingly being used in households for cleaning and dishwashing activities.

However, proving to be a roadblock to the market’s growth are volatile raw material prices and fluctuations in exchange rate of international currency.

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