Demand for Safety in the Post-Pandemic Era on the Back of Stringent Regulations to drive the Biodegradable Gloves Market, reaching US$ 10.2 Bn by the year 2032 at a strong CAGR of 23% in the forecast period 2022-32

[200 Pages Report] The global biodegradable gloves market stands at US$ 1.3 Bn as of now and is expected to reach US$ 10.2 Bn by the year 2032 at a staggering CAGR of 23% between 2022 and 2032.

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Rubber gloves hold the largest market share; as far as gloves market is concerned. Latex products have been known as 'single-use products'. As such, mass production on this part does result in ever-increasing volumes of rubber solid waste every single year.

This actually has more to do with the complexities involved in decomposition of latex/rubber-based products. As an outcome, having a rubber system in conjunction with biomaterials is one of the best alternatives. Bio-Add and various other green additives are used for composing non-rubber latex gloves for accelerating the biodegradation process.

Nitrile disposable gloves are likely to be used at a broad scale in the healthcare sector in the forthcoming period due to abysmal drawbacks followed by nitrile materials' positive features.

Though the pandemic era invoked the necessity of gloves, the post-pandemic era hasn't kept the end-consumers away from using them with the dictum "Prevention is better than cure".

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Malaysia holds the credit for being the biggest maker of rubber gloves, thereby manufacturing volumes of more than 200 Bn every single year. The country is also known for exporting ~182 Bn gloves in the year 2019, with MARGMA (Malaysian Rubber Glove Manufacturers Association) estimating this figure to reach 240 Bn pieces in the year 2020. The figure never came down after that due to the reasons mentioned above.

Powder-free nitrile gloves and biodegradable gloves are expected to dominate the biodegradable gloves market in the near future in wake of restrictions laid down by the US FDA and also some European regulatory authorities with respect to powdered gloves. Additionally, at workplaces, stern rules have been imposed regarding safety of workers; which is again asking for nitrile gloves. It is a known fact that such gloves do provide better resistance to chemicals and puncture as compared to latex gloves.

However, one could get granulomas, respiratory allergic reactions, and inflammation on biodegradable gloves. These factors could restrain the biodegradable gloves market going forward. Future Market Insights has walked through these facts with future perspectives in its latest market study entitled 'Biodegradable Gloves Market'. It has its team of analysts and consultants to execute, that too, using a bottom-up approach.

Key Takeaways from Biodegradable Gloves Market

North America holds the largest market share due to expansion of pharmaceuticals vertical on the continuous basis coupled with laws enacted by the governments regarding prohibition of latex and powdered gloves all across the US.

Europe stands second on this count with Germany being the flagbearer. This could be attributed to the fact that the country is turning out to be a popular tourist hotspot. Also, cost-to-quality ratio over here is visibly low.

The Asia-Pacific is expected to grow at the fastest rate in the biodegradable gloves market. Malaysia and China are ruling the roost. Riverstone, CarePlus, Kossan, Hartalega, and Top Glove are amongst the top 5 companies in Malaysia.

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Competitive Gloves

The SHOWA Group, in April 2022, asserted that the single-use nitrile gloves produced by it had received the US FDA 510(k) medical approval.
Top Glove increased capacity to 70.1 Bn pieces in 2019 (from 60.5 Bn sets in 2018). The company, by the end of the year 2021, the organization intended increasing annual capacity by 30% (to 91.4 pieces).

SHOWA 6100PF EBT gloves have achieved biodegradation close to 82% in merely 386 days as per ASTM D5526 certification of late.

"The realization that biodegradable gloves don't cause health hazards is expected to drive the biodegradable gloves market going forward", says an analyst from Future Market Insights.

What does the Report unleash?

The research study is based on product (textured and plain), by usage (reusable and single time use), by size (small, medium, large, extra-large, and double extra-large), by end-user (hospitals, clinics, Ambulatory Surgical Centers, academic and research Institute, diagnostic laboratories, and home care settings).
Demand for prevention of infection is expected to keep the hopes high for biodegradable gloves market in the forecast period.

Key Players :
• SHOWA GROUP
• SW Safety Solutions Inc.
• Innovative Gloves Co., Ltd.
• Top Glove Corporation Bhd
• Hourglass International, Inc.
• Biogone
• Worldchamp (Huizhou) Plastics Products Co., Ltd
• SunEco Tech Ventures Private Limited
• Traffi | Hand Protection Specialists
• St. Marys Rubbers Pvt. Ltd.
• INSINC Products Ltd

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Key Market Segments Covered in Biodegradable Gloves Industry Research
By Product:
• Plain
• Textured

By Usage:
• Re-usable
• Single time use

By Size:
• Small
• Medium
• Large
• Extra Large
• Double Extra Large

By End User:
• Hospitals
• Clinics
• Ambulatory Surgical Centers
• Academic and Research Institute
• Diagnostic Laboratories
• Home care settings

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About FMI:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

This release was published on openPR.