Disposable Gloves Market Set to Surge at 12.1% CAGR, Targeting US$ 1,579.11 Million by 2032

The Disposable Gloves market achieved a valuation of US$ 449.52 Million by 2021 and is anticipated to witness a year-on-year (Y-o-Y) growth rate of 12.0% in 2022, reaching US$ 503.91 Million. Looking ahead, from 2022 to 2032, the market is projected to experience an accelerated growth rate, with an impressive compound annual growth rate (CAGR) of 12.1%, culminating in a valuation of US$ 1,579.11 Million.

The surge in demand for disposable gloves is attributed to the increasing awareness of personal hygiene and safety across various sectors, including medical, personal care, hygiene, and others.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.factmr.com/connectus/sample?flag=S&rep_id=5637

𝐆𝐫𝐨𝐰𝐭𝐡 𝐓𝐫𝐞𝐧𝐝𝐬:

Increasing Awareness of Hygiene and Safety: Growing concerns about hygiene and safety, particularly in light of global health crises such as the COVID-19 pandemic, are driving the demand for disposable gloves across various industries. Consumers and businesses alike are prioritizing measures to prevent the spread of infections, boosting the adoption of disposable gloves for personal and professional use.

Rising Healthcare Expenditure: The expanding healthcare sector, coupled with increasing healthcare expenditure globally, is fueling the demand for disposable gloves in medical applications. Healthcare facilities, including hospitals, clinics, and laboratories, require a constant supply of disposable gloves to maintain hygiene standards and protect both healthcare workers and patients from contamination.

Stringent Regulations and Standards: Stringent regulations and standards related to hygiene and safety in industries such as healthcare, food processing, and pharmaceuticals are driving the adoption of disposable gloves. Compliance with regulations and standards necessitates the use of high-quality gloves to minimize the risk of contamination and ensure product safety.

Technological Advancements: Ongoing advancements in glove manufacturing technologies are enhancing the quality, durability, and comfort of disposable gloves. Innovations such as thinner yet stronger materials, improved grip, and enhanced puncture resistance are making disposable gloves more effective and user-friendly, thereby driving market growth.

Expanding End-Use Industries: The demand for disposable gloves is not limited to the healthcare sector but is also expanding across other end-use industries such as food processing, hospitality, automotive, and manufacturing. These industries require gloves for various applications, including food handling, cleaning, chemical handling, and general safety purposes, contributing to market growth.

E-commerce and Distribution Channels: The proliferation of e-commerce platforms and online distribution channels has made disposable gloves more accessible to consumers and businesses worldwide. Easy availability, coupled with convenience and competitive pricing, is boosting the adoption of disposable gloves and driving market growth.

𝐊𝐞𝐲 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐏𝐫𝐨𝐟𝐢𝐥𝐞𝐝

• Ansell Ltd.
• The Glove Company
• Adenna LLC
• Supermax Corporation Bhd
• Kossan Rubber Industries Bhd
• Medline Industries, Inc.
• Semperit AG Holding
• Hartalega Holdings Berhad
• Smart Glove

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

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. The partnership is anticipated to provide access to domestically produced exam gloves for hospitals, clinics, and other healthcare professionals in the U.S.

𝐊𝐞𝐲 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬 𝐂𝐨𝐯𝐞𝐫𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐃𝐢𝐬𝐩𝐨𝐬𝐚𝐛𝐥𝐞 𝐆𝐥𝐨𝐯𝐞𝐬 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐑𝐞𝐩𝐨𝐫𝐭

• By Material :
o Nitrile
o Natural Rubber
o Neoprene
o Polyethylene

• By Product Type :
o Powdered
o Non-powdered

• By End User :
o Medical
o Chemicals
o Automotive
o Oil & Gas
o Others

• By Region :
o North America
o Latin America
o Europe
o Middle East and Africa (MEA)
o East Asia
o South Asia
o Oceania

𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞: https://www.factmr.com/report/disposable-gloves-market

𝐌𝐨𝐫𝐞 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭:

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