Rubber Gloves Market Expected to Reach $122.5 Billion by 2030

According to a new report published by Allied Market Research titled, “Rubber Gloves Market by Type, Product, Material, and End-user Industry: Global Opportunity Analysis and Industry Forecast, 2021–2028,” the global rubber gloves market was valued at $34.0 billion in 2020, and is anticipated to generate $122.5 billion by 2030. The market is projected to experience growth at a CAGR of 12.2% from 2021 to 2030.

Rubber gloves market is experiencing unusually high demand during the pandemic outbreak. many players in the rubber gloves market are collaborating with scientists from various research departments and universities to discover new natural and biodegradable rubber gloves, an alternative to conventional options. Sustainability in latex gloves has become key factor for market players. These innovations reduce the medical and environmental waste worldwide. Market players in the industry are ramping up their production and are working at speeds to meet the boosted demands, amid the pandemic. Healthcare, hospitality, and food industries are becoming more and more conscious about hygiene and sanitization practices; thus, glove manufacturers are bringing the production capacities up. 

The global rubber gloves market is segmented into type, product, material, and end-user industry. By type, the market is divided into powdered and powder free. The powder free segment dominated the market in 2020 On the basis of product, the market is segmented into disposable and reusable. The rubber gloves market was dominated by the disposable gloves segment in 2020. The segment is anticipated to remain dominant during the forecast period. By material, the global rubber gloves market is divided into latex, nitrile, vinyl and others. The latex rubber gloves segment held the highest share of the market in 2020. By end-user industry, the market is segmented into healthcare, food & beverage, automotive, machinery, and others. The healthcare industry segment dominated the market in 2020 and is projected to grow at a higher CAGR during the forecast period. Region wise, the market is divided into North America, Europe, Asia-Pacific and LAMEA. North America dominated the market share; however; Asia-Pacific is expected to grow at a higher pace.

The major key players profiled in the report includes Ansell Ltd., Hartalega Holdings Berhad Corporation, Kimberly Clark Company, Kossan Rubber Industries Bhd, Top Glove Corporation Bhd, Supermax Corporation Berhad, Schield Scientific, Atlantic Safety Products Inc., Unigloves (UK) Limited and Mapa Professional hold significant share of the market

To understand the market, the drivers, restraints, and opportunities are explained in the report. Furthermore, the key strategies adopted by the potential market leaders such as expansion, mergers, and acquisition to facilitate effective planning are discussed under the scope of the report. 

Key findings of the study

•  The global rubber gloves market size is provided in terms of revenue
•  The North America was the highest revenue contributor, accounting for $13,249.3 million in 2020, and is estimated to reach $44,967.1 million by 2030, with a CAGR of 13.0%.
•  The Canada is estimated to reach $7,725.4 million by 2030, at a significant CAGR of 15.5%.
•  The Asia-Pacific rubber gloves market was valued at $7,035.9 million in 2020, and is projected to reach $28,692.3 million by 2030, registering a CAGR of 15.0%
•  A comprehensive analysis of the factors that drive and restrain the Rubber gloves market growth is provided
•  The qualitative data in this report aims at the market trends, dynamics, and developments in the Rubber gloves industry
•  The rubber gloves market forecast and estimations are based on factors impacting the market growth