The global disposable gloves market size was valued at USD 23.03 billion in 2021. The market is projected to grow from USD 26.82 billion in 2022 to USD 44.64 billion by 2029, exhibiting a CAGR of 7.5% during the forecast period.This information is provided by Fortune Business Insights, in its report, titled, “Disposable Gloves Market, 2022-2029.”
Augmented Demand from Healthcare Sector to Support Market Growth amid COVID-19
The COVID-19 has interrupted the supply chain and led to global hoarding for the PPE involving disposable gloves among others. During the preliminary phases of the pandemic, demand for disposable gloves and other protective gears rose and prices ascended, owing to supply chain interruptions caused by lockdown guidelines imposed across the world. In order to suffice the unparalleled demand observed during pandemic, numerous companies came forward and retrofitted their production line to manufacture PPE kits for frontline workers.