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The Disposable Gloves Market reached a valuation of 547.83 billion units in 2020, and it will acquire 782.87co billion units in 2027. It will register a compound annual growth rate (CAGR) of 9.41 % in the forecast period.
Disposable gloves are widely used in industrial sectors like chemical, food, healthcare, etc. The disposable gloves are available in two forms such as powdered and powder-free. The gloves made from nitrile material have chemical resistance and puncture than rubber and vinyl gloves.
The pandemic has shown a positive impact on the Disposable Gloves Market. In addition, the huge spread and transmission of the virus have led healthcare professionals to think about proper protection and utilization of protective types of equipment, including gloves. These prevented them from the infectious virus. Moreover, disposable gloves have become a major part of healthcare professionals’ protective equipment. Therefore, the continuous growth of contagious diseases has fuelled the Disposable Gloves Market growth in the forecast period.
The rise in the product demand in the medical and healthcare, pharmaceutical, automotive coatings, chemicals, oil and gas industries is accelerating the market growth. In addition, the healthcare industry in prominent developing countries will experience significant growth due to several factors, including increased investment in both the public and private sectors, coupled with population growth and growth of the elderly population. In addition, higher healthcare costs are expected to drive growth in the healthcare industry, boosting the product demand.
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The Disposable Gloves Market is segmented into product and application.
The product segment of the market is categorized into fragments such as Natural Rubber Gloves, Neoprene gloves, Polyethylene gloves, Nitrile Gloves, Vinyl Gloves, and Others.
The application fragment is comprised of Medical, Non-Medical, Examination, Surgical, Food Service, Clean Room, and Industrial.
The distribution channel segment is segregated into Wholesaling and Direct Selling, Medical stores, and Online stores.
The form segment is divided into Powdered Disposable Gloves and Non-powdered Disposable Gloves.
According to the geographical distribution, the Disposable Gloves Market is distributed in prominent regions such as the Asia Pacific, South America, Europe, North America, the Middle East, and Africa.
In the forecasted period, the North American region will be the supreme market due to the massively growing healthcare industries in the region, which will generate significant revenue in 2027. The chemical industry, growing linearly and driving the market growth significantly, is another reason the North American region dominates this market. Significant growth is also noticed in Europe due to the industries’ presence of chemical, food, and equipment industries.
Key growth factors driving the growth of the Indian disposable glove market are the rise in safety and hygiene concerns and the growth of multiple end-users sectors. In addition, technological advances will drive market growth. However, reduced capacity and toxic reactions will hamper its performance in the forecast period. But the development of the healthcare sector will provide growth opportunities for Indian disposable glove manufacturers.
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In December 2020, ANSELL LTD revealed its acquisition of SANREA Healthcare Products Pvt Limited and Primus Gloves Pvt Limited. All these companies have become the key manufacturers of developing disposable medical gloves in India.
1.1.1 GLOBAL DISPOSABLE GLOVES MARKET, BY TYPE 17
1.1.2 GLOBAL DISPOSABLE GLOVES MARKET, BY APPLICATION 18
1.1.3 GLOBAL DISPOSABLE GLOVES MARKET, BY REGION 19
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