Disposable Gloves Market Growth & Trends
The global disposable gloves market size is expected to reach USD 16.12 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.8% from 2022 to 2030. The high prevalence of the COVID-19 pandemic, particularly in North America and Asia Pacific, is projected to augment the demand for disposable gloves. The COVID-19 pandemic had boosted the demand for disposable gloves, which strained the supply chain, thus creating a shortage in the market.
Furthermore, disposable glove 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 projected to boost the market growth over the forecast period.
Technological advancement, coupled with the growing consumer need for disposable gloves in medical operations, is anticipated to complement the market growth. Distributors play a vital role in the market as the product manufacturers are dependent on the distributors to get their products to consumers. Globalization and consolidation of gloves 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.
Companies such as Ansell Ltd. and Kimberley-Clark Corporation are carrying out strategic acquisitions, taking advantage of the ongoing COVID-19 pandemic situation. These acquisitions are expected to strengthen these companies’ position in the distribution network in the U.S. and India and extend their product portfolio and sales force to gain a competitive edge over their rivals. The pandemic has prompted market players to rethink their supply chains leading to increased instances of relocating or setting up additional manufacturing facilities in the country where the company is based in order to avoid future bottlenecks. For instance, companies such as Showa Group based in the U.S. are expected to triple their production of nitrile gloves by 2022.
Enquire for customization in Report @https://www.grandviewresearch.com/checkout/select-license/disposable-gloves-market
Disposable Gloves Market Segmentation
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 – 2030)
- Natural Rubber
Disposable Gloves Product Outlook (Revenue, USD Million, 2017 – 2030)
List of Key Players of Disposable Gloves Market
- Ansell Ltd.
- Top Glove Corporation Bhd
- Hartalega Holdings Berhad
- Supermax Corporation Berhad
- Kossan Rubber Industries Bhd
- Ammex Corporation
- Kimberly-Clark Corporation
- Sempermed USA, Inc.
- MCR Safety
Browse Full Report:https://www.grandviewresearch.com/industry-analysis/disposable-gloves-market
Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. Grand View Research database is used by the world's renowned academic institutions and Fortune 500 companies to understand the global and regional business environment. Our database features thousands of statistics and in-depth analysis on 46 industries in 25 major countries worldwide.
Grand View Research
Office No. 705, A Wing, 7th Floor,
Amar Business Zone,
Veerbhadra Nagar, Baner,
Pune, MH, 411045 India
Phone: +91-895-638-0888 (Sales)
Phone: +91-895-638-0891 (HR)