Disposable Gloves Market Outlook: 2022
Disposable Gloves Market was valued at $7,630 million, and is expected to reach $17,242 million by 2022, supported by a CAGR of 12.6%. Disposable gloves majorly act as a protection utility to avoid infection between consumers and service providers. These gloves are mainly used across food and healthcare industry, janitorial services as well as chemical industries.
During time, numerous variants of disposable gloves have been developed, which include nitrile, natural rubber, neoprene and vinyl. Each of these variants have different benefits as compared with conventional (usually rubber) gloves, and provides wide application in multiple industries such as food service, cleanroom, and industrial application among others. For instance, nitrile gloves are friction less, puncture-resistant, and have a long shelf life than latex gloves. Subsequently, nitrile gloves are used by tattoo artists, medical and dental professionals, spas and salons, and in laboratories as they provide barrier protection and high durability as well are highly puncture resistant. Rise in incidence of pandemic diseases such as swine flu (H1N1 pandemic) and a subsequent need for infection control drives the growth of the world disposable gloves market. High durability of gloves coupled with protection from chemicals makes disposable gloves a major revenue generating segment in the chemical industries as well.
World Disposable Gloves Market Segmentation
The world disposable gloves market is segmented on the basis of material, glove type, application and geography. By material, the market is segmented into natural rubber, nitrile, vinyl, neoprene, polyethylene and others. Natural rubber is the highest revenue generating segment owing to ease of use and wider availability. Based on glove type, the market is segmented into powdered gloves and non-powdered gloves. On the basis of application, the market is segmented into medical use and non-medical use. In terms of geography, the market is segmented into North America, Europe, Asia-Pacific (APAC) and Latin America, Middle East and Africa (LAMEA). North America will lead the market in terms of revenue whereas Asia-Pacific will show the highest growth, owing to growing demand for disposable gloves during the forecast period. Asia-Pacific disposable glove market is set to grow at a significant CAGR of 14.9% from 2015 to 2022. The factors mainly attributed to the growth are high industrialization and rising safety concerns.
The value chain analysis of the disposable gloves market includes different stakeholders namely, raw material providers, manufacturers, distributors, retailers, and consumers. These stakeholders perform different functions in their respective areas of operation. The value chain analysis of the disposable gloves market provides elements that are involved in supply chain. These intermediate elements help the stakeholders to make appropriate decisions and strategies that include monitoring operational activities, efficiency, and effectiveness and assessment of these activities. These strategies also play an important role in the cost reduction and quality improvement
TOP IMPACTING FACTORS: WORLD DISPOSABLE GLOVES MARKET
RISING CONCERN FOR SAFETY AND HYGIENE- PRIMARY DRIVER FOR MARKET GROWTH
The world disposable gloves market is primarily driven by increasing awareness of safety and hygiene amongst healthcare providers and patients. Disposable gloves have application in various industries that include healthcare, pharmaceutical, food, automotive, and others. These gloves serve the purpose of protection during various activities that involve toxic chemicals, reactive materials, or unhygienic conditions. Moreover, manufacturing process of certain products such as drugs and foods, require high level of cleanliness and handling of these products is the critical operation that may lead to product contamination if due care is not taken.
Owing to the necessity for product quality control, workers safety, hygiene, and protection against chemicals, the demand for disposable gloves is expected to rise in future. Healthcare professionals, doctors, and surgeons, use medical gloves for surgeries and other related activities that are contagious and can be infectious. Furthermore, disposable gloves have application in household purposes for cleaning and dishwashing. Thus, due to increasing concern for safety, hygiene, and product quality, the market of disposable gloves foresees a promising growth in the future.
Major companies have adopted product development as their key development strategy. The key players of the disposable gloves market include Ansell Healthcare, Hartalega Holdings Berhad, Semperit AG Holding, Supermax Corporation Berhad, Kossan Rubber Industries Ltd., Rubberex, Top Glove Corporation Berhad, Adventa Berhad, Cardinal Health, Inc., and Dynarex Corporation.
Key Benefits For Stakeholders:
- The report provides an in-depth analysis of the disposable gloves market across major countries, and total revenue generated during the forecast period
- Region-wise and country-wise shares in the disposable gloves market are comprehensively analyzed in the report
- Furthermore, key market players within this market have been profiled in this report and their strategies are analyzed thoroughly. This helps in understanding the competitive outlook on the supply side of the market.
- The projections in the report are made by analyzing the current market trends and highlighting the market potential for the period of 2014-2022, in terms of value and volume
- Extensive analysis of the market is conducted by closely following key product positioning and monitoring the top contenders within the market framework.
Disposable Gloves Market Key Segments:
By Material (Value and Volume)
- Natural rubber gloves
- Nitrile gloves
- Vinyl gloves
- Neoprene gloves
- Polyethylene gloves
By Glove Type (Value and Volume)
- Powdered gloves
- Non-powdered gloves
By Application (Value and Volume)
- Medical use
- Non-Medical use
By Geography (Value and Volume)
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Middle East
- Latin America