The disposable glove market was valued at US$ 449.52 million by 2021 and is anticipated to expand by 12.0% year over year in 2022 to reach US$ 503.91 million. Additionally, growth is anticipated to pick up steam from 2022 to 2032 to a staggering 12.1% CAGR, hitting US$ 1,579.11 Million.
Disposable gloves are in high demand across a variety of end-use industries, including medical, personal care & hygiene, and others, due to rising personal hygiene and safety awareness.For the forecast period of 2022 to 2032, a new study by Fact.MR on the disposable glove market offers in-depth research of the growth potential, supply-demand trends, and emerging trends. According to the report, manufacturers will benefit from the increasing demand for nitrile gloves because they will concentrate on
For more insights into the Market, Request a Sample of this Report:
https://www.factmr.com/connectus/sample?flag=S&rep_id=5637?SP
Key Market Drivers:
Increasing Implementation of Better Industrial Safety and Hygiene to Bolster Market Growth Prospects
The construction sector accounts for the major share of work-related injuries and fatalities among all industries. As construction workers’ hands are exposed to dangerous circumstances on the working site, inadequate safety precautions can result in accidents.
According to the U.S. Bureau of Labor Statistics, the majority of hand injuries in the construction sector are sustained by employees who were not wearing gloves, while approximately 30% of injuries are caused by improper and damaged gloves.
All of the dangers connected with such incidents may be easily decreased to an acceptable level by wearing adequate PPE on the working site, which includes gloves. Rising building and infrastructure projects in China, the U.S., and India are expected to generate a global expansion opportunity for market growth.
Due to increasing demand from the commercial and residential sectors, the construction industry is expanding in many regions. The rising adoption of tougher laws and industrial safety standards during building operations is expected to surge the demand for protective gloves.
Usage of Latex & Powder-Free Nitrile Gloves in Agriculture to Propel Market Growth
Since agriculture contributes to a significant percentage of the GDP in India, manufacturers in the disposable gloves market are unlocking growth opportunities in the region. The growing popularity of nitrile gloves is transforming the agricultural industry.
Companies in the disposable gloves market are expanding their supply chains via eCommerce and online shopping apps. They are boosting production for latex and powder-free nitrile gloves that are ideal for milking and other tasks. Ambidextrous, strong, and durable nitrile gloves are being preferred in the agriculture industry. Companies are offering quality and customer service to meet demands of customers.
Disposable Gloves Market- Competitive Landscape:
Prominent players in the Disposable Gloves Industry are taking advantage of the rapidly increasing demand for the Disposable Gloves in various applications. To further their outreach, players are relying on collaborations, partnerships and acquisitions with existing small, medium and large-scale vendors. Some prominent market developments are as follows:
- In January 2021, Ansell Limited completed the acquisition of the Primus brand and related assets that consist of the Life Science business belonging to Primus Gloves and Sanrea Healthcare Products (“Primus”). In addition, Ansell and Primus have entered into a long-term supply partnership. Primus is an Indian manufacturer and marketer of gloves sold in the Life Science and Specialty Medical sectors and is one of the few global producers of long cuff gloves with strong brand recognition. This acquisition increases the company’s presence in this important Indian market and provides them with the opportunity to further speed up the growth of their Life Sciences business.
- In May 2021, Honeywell and Premier Inc. established a new business partnership aimed at increasing nitrile exam glove production in the U.S. In the first year alone, this new alliance is estimated to create at least 750 million nitrile test gloves.
Key Segments Covered in the Disposable Gloves Industry Report:
· By Material :
- Nitrile
- Natural Rubber
- Neoprene
- Polyethylene
· By Product Type :
- Powdered
- Non-powdered
· By End User :
- Medical
- Chemicals
- Automotive
- Oil & Gas
· By Region :
- North America
- Latin America
- Europe
- Middle East and Africa (MEA)
- East Asia
- South Asia
- Oceania
For in-depth competitive analysis, Buy Now:
https://www.factmr.com/checkout/5637
Questionnaire answered in the Market outlook Report of Disposable Gloves include:
- What is the key strategy deployed by large players to maximize Disposable Gloves Market growth?
- What are the main challenges faced by players in the Disposable Gloves market Demand?
- With the advent of technological advancement, how will the Disposable Gloves market landscape change over the forecast period?
- What does player bring to the table which is unique as a strategy, and is easy to emulate for new investors in the Disposable Gloves market size?