Market Overview:
According to our latest research study on “Disposable Gloves Market Forecast to 2028 – COVID-19 Impact and Analysis – by Material and Type,” the market is expected to reach US$ 21,400.12 million in 2028 from US$ 8,278.81 million in 2021; it is estimated to grow at a CAGR of 14.5% from 2021 to 2028. In terms of volume, the disposable gloves market saw a volume sale of 399,092 million units of disposable gloves in 2021 and 1,061,030 million units expected to be sold globally by 2028, growing at a CAGR of 15.0%. The report highlights the trends prevailing in the disposable gloves market and the factors governing its growth. The growing burden of healthcare-associated infections, the rising adoption of nitrile gloves for industrial use, and the increasing number of surgical procedures sources propel the demand for disposable gloves. However, the shortage of gloves hampers the market growth. The report highlights the key factors driving the market and prominent players with their developments in the market.
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The COVID-19 pandemic has adversely affected various industries, such as manufacturing and healthcare, and its long-term repercussions are likely to hinder the healthcare sector growth during the forecast period. Due to the rising number of COVID-19 cases, lockdown and business shutdowns were imposed by governments of various countries to control transmission. Along with these measures, gloves and masks were considered as primary tools to prevent the spread of the virus. Gloves were a part of the PPE kits or personal protective equipment kits and were essential for the public and primarily the healthcare workers to protect themselves against COVID-19. The demand for gloves from both public and the healthcare industry saw a steep rise. This led to major shortcomings on the supply side, with production taking a hit due to a shortage of raw materials, closure of facilities due to COVID-19 outbreaks, and disrupted supply chains. For instance, Top Glove in November 2020 expected deliveries to be delayed and sales to fall below its forecast after thousands of the company’s workers tested positive for COVID-19, leading to the closure of its production facilities. The company mitigated the production to unaffected facilities and rescheduled its delivery to minimize the impact. The company had to close down 28 of its production facilities in phases to quarantine its employees and control the spread of the disease. However, the demand remained steady and continued to increase during most part of 2020. As the pandemic eased, the reopening of production facilities and the recovery of the supply chain led to the supply meeting the demand and aided the growth of the disposable gloves market. Overall, the demand for disposable gloves was high during the pandemic and, therefore, positively impacted the disposable gloves market.
Based on material, the disposable gloves market is segmented into natural rubber, nitrile, neoprene, polyethylene, and others. The nitrile segment held the largest share of the market in 2021 and is expected to hold the largest share during the forecast period in terms of revenue and volume. However, the natural rubber segment is projected to register the highest CAGR during the forecast period in terms of revenue.Nitrile is derived from Acrylonitrile Butadiene Copolymer (NBR). It has rapidly replaced natural rubber gloves due to the more straightforward production process and similar properties to natural rubber gloves with being highly durable.
B Braun Melsungen AG; RUBBEREX; Sempermed; Cardinal Health, Inc.; Kossan Rubber Industries Bhd; Supermax Corporation Berhad; Hartalega Holdings Berhad; Top Glove Corporation Bhd; Ansell Ltd.; Molnlycke Health Care AB are among the leading companies operating in the disposable gloves market. These companies have taken various steps and driven innovations, leading to market growth.
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The report segments the disposable gloves market as follows:
Based on material, the disposable gloves market is segmented into nitrile, natural rubber, neoprene, polyethylene, and others. In terms of type, the disposable gloves market is bifurcated into powdered and powder-free. Based on geography, the market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. The market in North America is further segmented into the US, Canada, and Mexico. The European disposable gloves market is subsegmented into Germany, France, the UK, Spain, Italy, and the Rest of Europe. The market in Asia Pacific is subsegmented into China, India, Japan, Australia, South Korea, and Rest of Asia Pacific. The disposable gloves market in the Middle East & Africa is further segmented into Saudi Arabia, the UAE, South Africa, and the Rest of Middle East & Africa. The market in South and Central America is subsegmented into Brazil, Argentina, and Rest of South and Central America.
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