Global Disposable Gloves Market expected to record a CAGR of ~6% during the forecast period (2017-2028): Ken Research
What Is The Size Of Global Disposable Gloves Industry?
Global Disposable Gloves market?is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD 15 Bn by 2028.
The Disposable Gloves Market is largely driven by increased investment in improving the public healthcare system.
Since the disposable gloves market was boosted by the COVID-19 outbreak, it started decelerating with the fading away of the intensity of the pandemic. For ex, Top Glove, one of the major leading manufacturers of gloves in Malaysia reported sales of US$0.32 billion during the third quarter of FY22, down 64% from US$0.91 billion reported last year.?With the Covid19 pandemic slowing down, the market for gloves and protective equipment is consolidating and expected to harm the growth of the disposable gloves market.
Covid19 pandemic had a positive impact on the disposable gloves market. Rubberex, one of the key manufacturers of disposable gloves, mentioned in its annual report for FY21 that sales volume growth for nitrile disposable gloves saw an increase of 23.6% from 2020 to 2021, with approximately 1.2 billion pieces sold versus 970.5 million pieces in 2020. Also, the average glove selling price increased from US$53/1000 pieces to US$73/1000 pieces from 2020 to 2021.
Rubberex completed the acquisition of 2 parcels of leasehold land located in Perak, Malaysia, for the construction of a new nitrile disposable gloves production plant. This plant is capable of producing a combined capacity of up to approximately 7.5 billion pieces of nitrile disposable gloves per annum.
To learn more about this report?Download a Free Sample Report
Global Disposable Gloves Market By Product Type
The Global Disposable Gloves market is segmented by Product type into Latex, Nitrile, Vinyl, Neoprene and Polyethylene.
Nitrile holds the largest share of the Global Disposable Gloves market in 2022.
Nitrile is a synthetic rubber material that is commonly used as the base material for disposable gloves.
Nitrile gloves are in the market for a long time. Yet, declining prices and potential application in multiple new industries make it a potentially high-reward investment opportunity for the future.
Global Disposable Gloves Market By Form
The Global Disposable Gloves market is segmented by Form into Powdered and Powder-Free.
Powder-free gloves tend to be stronger than powdered gloves. Powdered gloves contain a corn-starch powder that may result in allergies or sensitivity.
Powdered-free gloves are strongly suited for manufacturing industries, food industries, chemicals, and others.
Studies show that powdered free gloves held approximately 75% of the market in 2021 and would continue to dominate the disposable gloves’ form segment.
Visit this Link: –?Request for custom report
Global Disposable Gloves Market by Application
The Global Disposable Gloves market is segmented by Application into Medical, Surgical, Examination and Clean Room.
The surgical segment holds the largest market share by application in the Global Disposable Gloves Market as the number of surgeries is increasing worldwide in 2022.
领英推荐
Increasing Covid19 infections also led to a surge in surgeries. For instance, the total number of procedures done in 2020, in Germany alone, was 858,553, while in Korea 702621 surgeries were conducted.
Examination disposable gloves are expected to grow in the forecasted period, because of their growing use in various industries, including food processing, chemical, automotive, etc.
According to data provided by Lancet, nearly 313 million surgical procedures were conducted globally in 2012. The Global Surgery 2030 report, published by the Lancet Commission on Global Surgery, showed that there could be 5,000 procedures per 100,000 population in 2030, resulting in nearly 430 million surgeries worldwide.
Global Disposable Gloves Market By End-User
The Global Disposable Gloves market is segmented by End-user into Hospitals, Clinics, Surgical Centers and Non-Medical.
Medical and Healthcare industries are the foremost end users of disposable gloves. Disposable gloves are used to prevent cross-contamination between patients and doctors. Since these disposable gloves are one-time usable, they should be dumped after surgical procedures and recycled again.
Medicals remain the prominent end-user for disposable gloves and hold the major chunk of the market.
However, as the gloves are getting upgraded as per evolving market demands, it is possible that non-medical end users also become important buyers for the gloves industry.
Key Topics Covered in the Report
Major Companies Profiled in the Report
Notable Emerging Companies Mentioned in the Report
Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report
Time Period Captured in the Report
For More Insights On Market Intelligence, Refer To The Link Below: –