The Global Disposable Gloves Market- Growth, Trends, COVID-19 impact and Forecast (2021-2025)
The Disposable Gloves Market is segmented by Material type (Natural Rubber, Nitrile, Vinyl and Others); Product type (Powder-free and Powdered); End user (Medical and Healthcare, Non-medical); Geography (North America, Europe, APAC and ROW).
Introduction
Disposable gloves are single-use gloves that are used to prevent cross-contamination and provide protection against pathogens and external agents, such as dirt, humidity and harmful chemicals. Disposable gloves majorly act as a protection utility to avoid infection between consumers and service providers. These gloves are mainly used across food, healthcare, janitorial services as well as in chemical industries.
However, toxic reactions caused by gloves and high price competition from local manufactures are anticipated hamper growth of the disposable gloves market
The COVID-19 pandemic has severely impacted healthcare industry. But the demand for disposable gloves market is likely to increase during this pandemic period. These are crucial part of the personal protective equipment (PPE) worn by healthcare professionals handling the COVID-19 patients and suspected cases.
Table of Contents
Market Overview
The global disposable gloves market is expected to grow to $18.20 billion by 2025
Growth momentum is expected to accelerate during the forecast period with a 10.00% CAGR.
Growth in the market is attributed to factors such as a rise in safety concerns and hygiene, growth in a number of end-users, coupled with advancements in technology.
North America was dominating the market in 2020. The Covid-19 outbreak has resulted in increased product demand across several sectors in the region.
Key Trends
The growing demand for disposable gloves, especially from the healthcare industry amidst the ongoing Covid-19 pandemic is expected to increase the market demand
Increase in healthcare expenditure is expected to boost growth of the healthcare industry, which, in turn, is anticipated to fuel the product demand.
Safety regulations are likely to be the key factors anticipated to drive product demand over the forecast period.
Key Market Players
Some of the key players in the market are Ansell, Top Glove Corporation, Hartalega Holdings, Kossan Rubber Industries, Ammex, Kimberly-Clark.
The global market is fragmented with major manufacturers striving for market leadership. Key players have integrated along the value chain to further strengthen their market position. Companies are focusing on mergers & acquisitions along with strategic alliances, such as technology licensing, to obtain an edge over competitors.
Growth Drivers and Challenges
The growth of the disposable gloves market is driven due to rise in safety concerns and hygiene
Growing demand from number of end user industries coupled with advancements in technology is also driving the market
Toxic reactions caused by gloves and high price competition from local manufactures are anticipated hindering the growth of the disposable gloves market.
The production of disposable gloves is highly capital-intensive along with complex manufacturing methods is also restraining the market growth.