The global disposable gloves market was worth USD 102 Billion in 2020 and is further projected to reach USD 188 Billion by 2027 at a CAGR of 92 during 20212027 forecast period ID: 870504
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Disposable Gloves Market, By Product, Trend Analysis, Market Share & Forecast, 2021-2027
Slide2Industry Trends & Forecast Report 2027A study recently conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the global disposable gloves market was worth USD10.2 Billion in the year 2020.The data generated by the study further reveals that the market is estimated to grow at a CAGR of 9.2%, earning revenue of around USD 18.8 Billion by the end of 2027. The growing awareness related to employee health and safety in developing countries is expected to drive the growth of the global disposable gloves market in the coming years. Furthermore, the rising demand for disposable gloves in medical operations, combined with technological advancement, is expected to support market growth
.
Slide3Growth driversOffers Protection from Germs and Harmful PathogensDisposable gloves are crucial for protecting employees from injuries in many industries, such as construction, automotive, oil and gas, and metal fabrication. A disposable glove provides many benefits, including protection against hot objects, splinters, bodily fluids, sharp edges, vibration, electricity, and extremely cold temperatures. Chemical and petrochemical industries have seen a significant increase in the demand for disposable gloves, owing to their application in laboratories and chemical processes. Furthermore, there have been growing concerns about employee safety, and initiatives to reduce injury rates in manufacturing facilities, which are likely to drive the demand for protective gloves in the coming years.
Slide4RestraintsAllergic Reactions to Latex May Hamper the Market GrowthThe majority of disposable gloves are made from natural latex. Yet, latex allergy continues to be a significant barrier to the use of organic rubber in the medical and food manufacturing industries. Latex allergies can cause itchy skin, hives, or even anaphylaxis, a potentially fatal condition characterized by difficulty breathing and swelling of the throat. Moreover, compared to other products, disposable gloves require a high level of capital due to the high price of raw materials and the complexity of manufacturing processes.
Slide5Impact of COVID-19 on Global Disposable Gloves MarketThe COVID-19 pandemic has had a positive impact on the global disposable gloves market as disposable gloves have become an integral part of personal protective equipment (PPE) kits.Healthcare professionals involved in collecting specimens have become accustomed to wearing gloves due to the wide spreading of the deadly coronavirus. These are worn to protect against infection. Additionally, the rising incidence of contagious diseases and the COVID-19 pandemic are expected to boost the growth of the disposable gloves market in the near future.
Slide6Global Disposable Gloves Market - Regional InsightsBased on the regions, the global disposable gloves market is divided into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. There are lucrative opportunities in the disposable gloves market, especially in Asia-Pacific. This can be attributed to the rise in population as well as the growing awareness of safety as well as hygiene in workplaces considering the current pandemic situation. Moreover, increasing healthcare expenditures are expected to increase the growth of the global disposable gloves market in this region.
Slide7Competitive LandscapeSome of the key players in the global disposable gloves market areTop Glove Corporation Bhd, Semperit Ag Holding, Supermax Corporation Berhad, Kossan Rubber Industries
Bhd
, and Rubberex Corporation (M) Berhad, Ansell Limited, Cardinal Health, Inc,
AdventaBerhad
(Sun Healthcare),
Hartalega
Holdings
Berhad
,
Dynarex
Corporation and other manufacturers
.
Sample Copy of the Report :https://www.blueweaveconsulting.com/report/global-disposable-gloves-market/report-sample
Slide8About Us:Blueweave Consulting offers a one-stop solution for your market intelligence needs for any service or product. You get well-researched comprehensive reports based on qualitative and quantitative data to put your business plan into action. Your well-informed and timely decisions using our reports avert situations of excessive risks and help you grow your business with optimum risk-return trade-off.Delivering quality insights into several product or service markets within the timeline as per the needs of the clients has earned BWC an excellent reputation among clients. BWC strives to provide timely and accurate digital market intelligence services for making your business endeavors successful.
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