The global disposable gloves market size is projected to reach USD 14.87 billion by 2028, according to a new report by Grand View Research, Inc. The market is projected to register a CAGR of 9.2% from 2020 to 2028. The rising cases of Covid-19, particularly in North America and Asia Pacific, are projected to augment the demand for disposable gloves.
The global pandemic boosted the demand for disposable gloves, which strained the supply chain, thus creating a shortage in the market. The manufacturers are expanding their production capacities to meet the growing demand, thereby improving the global supply chain over the past few months.
The rising awareness regarding employee health and safety, along with the increasing industrial fatalities in the emerging economies, is also projected to boost the market growth over the forecast period. Technological advancements, coupled with the growing product demand in medical operations, are anticipated to complement market growth.
Distributors play a vital role in the global market as the product manufacturers are dependent on them for product distribution. Globalization and consolidation of manufacturers are anticipated to have a significant impact on the distributors, which is projected to compel them to broaden their horizons and look beyond the traditional boundaries.
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The nitrile material segment is estimated to account for the highest revenue share growing at the fastest CAGR of more than 10% over the forecast period
The growth can be attributed to the increasing adoption of these materials in the chemical, medical, painting, laboratory, dentistry, and oil sectors
The powder-free product segment accounted for the maximum revenue share of over 72% in 2020 on account of increased preference for powder-free gloves across many industries, including chemical, medical, and food processing
The product penetration in the medical industry accounted for 78% of the global revenue share in 2020 owing to its ability to provide barrier protection against the risk associated with the on-the-job transmission of germs and other environmental contaminants
The market in India is likely to register a significant CAGR of 11.0% over the forecast period
The growth is attributed to the rapidly growing healthcare industry in India, as a result of rising expenditure by the public & private players & disposable incomes, and the outbreak of Covid-19
Grand View Research has segmented the global disposable gloves market on the basis of material, product, end-use, and region:
Disposable Gloves Material Outlook (Revenue, USD Million, 2017 - 2028)
Disposable Gloves Product Outlook (Revenue, USD Million, 2017 - 2028)
Disposable Gloves End-use Outlook (Revenue, USD Million, 2017 - 2028)
Medical & Healthcare
O&G and Mining
Metal & Machinery
Chemical & Petrochemical
Disposable Gloves Regional Outlook (Revenue, USD Million, 2017 - 2028)
Middle East & Africa
List of Key Players of Disposable Gloves Market
Top Glove Corporation Bhd
Hartalega Holdings Berhad
Supermax Corporation Berhad
Kossan Rubber Industries Bhd
Sempermed USA, Inc.
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