Dublin, Nov. 26, 2024 (GLOBE NEWSWIRE) -- The "Disposable Glove Global Market Insights 2024, Analysis and Forecast to 2029, by Manufacturers, Regions, Technology, Application, Product Type" report has been added to ResearchAndMarkets.com's offering.
The global disposable glove market has witnessed exponential growth in recent years, spurred by heightened awareness regarding hygiene and safety standards across various industries. Disposable gloves are widely used in healthcare, food service, and chemical industries, among others. The rapid onset of the COVID-19 pandemic further accelerated this demand, as hospitals, clinics, and restaurants implemented stringent health protocols. The market is characterized by continuous innovations in materials and technologies, aligning with consumer preferences for eco-friendliness and enhanced protection.
Market Size
As of 2023, the disposable glove market was valued at approximately USD 28 billion. The market is projected to grow at a compound annual growth rate (CAGR) of 8.5% from 2024 to 2029. This growth trajectory can be attributed to increased usage in healthcare settings, stringent regulations pertaining to workplace safety, and rising prevalence of infectious diseases.
Share & Trends Analysis Report
By Product Type
The disposable glove market can be segmented into several product types, including:
- Latex Gloves: Despite allergic reactions in some individuals, latex gloves remain popular due to their comfort and tactile sensitivity, capturing around 40% of the market share.
- Nitrile Gloves: Nitrile gloves are increasingly preferred due to their resistance to punctures and chemicals, expected to grow at a CAGR of 9% during the forecast period.
- Vinyl Gloves: Vinyl gloves hold around 20% of the market share, primarily used in low-risk environments, though their popularity is declining due to lower durability.
- Others: This category includes polyethylene and synthetic gloves, which account for the remaining share.
By Key Players
The industry is characterized by the presence of several key players including:
- Top Glove Corporation: Dominates the global market with a wide range of disposable gloves.
- Hartalega Holdings: Known for innovative nitrile gloves and sustainability initiatives.
- Kossan Rubber Industries: Provides diverse products, especially focusing on higher-value applications.
- Ansell: Incorporates advanced technologies for producing gloves with enhanced protection.
By Process
The manufacturing process of disposable gloves is crucial for quality:
- Dip Molding: The most common process, where formers are dipped into latex or other polymer compounds to create gloves. This method is widely used for producing latex and nitrile gloves.
- Blow Molding: Primarily utilized for polyethylene gloves, blow molding allows for mass production at lower costs.
By Application
The disposable glove market can also be categorized based on applications:
- Healthcare: This segment dominates the market, accounting for over 50% of the total share, driven by the need for infection control.
- Food Industry: The adoption of disposable gloves in food handling and preparation is contributing to significant growth, expected to have a CAGR of 7% during the forecast period.
- Industrial: Usage in various industrial practices is growing, particularly in sectors dealing with chemicals and hazardous materials.
By End-Use
The major end-use sectors for disposable gloves include:
- Hospitals & Clinics: The leading end-use segment with constant demand for gloves for examinations, surgeries, and other medical purposes.
- Food Services: Includes restaurants and catering, where hygiene is critical.
- Others: Encompasses sectors like manufacturing, automotive, and household applications.
By Region
Regional dynamics play a significant role in influencing the disposable glove market:
- North America: Leads the market with significant share, primarily due to healthcare and pharmaceutical sectors.
- Asia Pacific: Rapidly growing, driven by increasing production capabilities and demand from emerging economies like China and India.
- Europe: Stable growth is expected, with strongest demands in healthcare and personal protection industries.
- Latin America & Middle East & Africa: Emerging markets are witnessing increased investments in healthcare infrastructures, thereby promoting market growth.
Market News on Policy and Companies
In recent developments, several countries have introduced stringent regulations regarding the use of personal protective equipment (PPE), including disposable gloves. These policies often mandate the use of gloves in healthcare settings and food handling. Additionally, companies are increasingly committing to sustainability by investing in biodegradable glove materials and eco-friendly manufacturing processes.
For instance, companies like Hartalega have launched their initiatives to produce biodegradable nitrile gloves, emphasizing a commitment to reducing plastic waste. The market is also witnessing strategic partnerships and mergers aimed at expanding product offerings and increasing market penetration.
Segment Forecasts, 2024 - 2029
Going forward, the disposable glove market is anticipated to remain robust, with several key forecasts:
- The healthcare segment will continue to hold the largest share, driven by the ongoing need for PPE.
- Nitrile gloves will experience the highest growth rate, anticipated to surpass latex gloves by 2025, due to increasing awareness of allergenic reactions.
- Technological advancements in glove manufacturing, focusing on enhanced barrier protection and user comfort, will play a pivotal role in shaping product trends.
- Geographically, Asia Pacific is expected to witness the most significant growth due to increasing investments in healthcare infrastructure and expansion of manufacturing capabilities.
The disposable glove market is poised for substantial growth in the 2024 - 2029 period, propelled by ongoing health trends, production innovations, and regulatory support. Key stakeholders in the market must adapt to changing consumer preferences, invest in sustainable practices, and embrace technological advancements to stay competitive. With the infection control landscape continually evolving, disposable gloves will remain integral in various sectors, ensuring safety and hygiene for consumers worldwide.
Key Topics Covered:
Chapter 1 Executive Summary
Chapter 2 Abbreviation and Acronyms
Chapter 3 Preface
Chapter 4 Market Landscape
4.1 Market Overview
4.2 Classification/Types
4.3 Application/End Users
Chapter 5 Market Trend Analysis
5.1 Introduction
5.2 Drivers
5.3 Restraints
5.4 Opportunities
5.5 Threats
Chapter 6 Industry Chain Analysis
6.1 Upstream/Suppliers Analysis
6.2 Disposable Glove Analysis
6.2.1 Technology Analysis
6.2.2 Cost Analysis
6.2.3 Market Channel Analysis
6.3 Downstream Buyers/End Users
Chapter 7 Latest Market Dynamics
7.1 Latest News
7.2 Merger and Acquisition
7.3 Planned/Future Project
7.4 Policy Dynamics
Chapter 8 Trading Analysis
8.1 Export of Disposable Glove by Region
8.2 Import of Disposable Glove by Region
8.3 Balance of Trade
Chapter 9 Historical and Forecast Disposable Glove Market in North America (2019-2029)
9.1 Disposable Glove Market Size
9.2 Disposable Glove Demand by End Use
9.3 Competition by Players/Suppliers
9.4 Type Segmentation and Price
9.5 Key Countries Analysis
9.5.1 United States
9.5.2 Canada
9.5.3 Mexico
Chapter 10 Historical and Forecast Disposable Glove Market in South America (2019-2029)
10.1 Disposable Glove Market Size
10.2 Disposable Glove Demand by End Use
10.3 Competition by Players/Suppliers
10.4 Type Segmentation and Price
10.5 Key Countries Analysis
10.5.1 Brazil
10.5.2 Argentina
10.5.3 Chile
10.5.4 Peru
Chapter 11 Historical and Forecast Disposable Glove Market in Asia & Pacific (2019-2029)
11.1 Disposable Glove Market Size
11.2 Disposable Glove Demand by End Use
11.3 Competition by Players/Suppliers
11.4 Type Segmentation and Price
11.5 Key Countries Analysis
11.5.1 China
11.5.2 India
11.5.3 Japan
11.5.4 South Korea
11.5.5 Southeast Asia
11.5.6 Australia
Chapter 12 Historical and Forecast Disposable Glove Market in Europe (2019-2029)
12.1 Disposable Glove Market Size
12.2 Disposable Glove Demand by End Use
12.3 Competition by Players/Suppliers
12.4 Type Segmentation and Price
12.5 Key Countries Analysis
12.5.1 Germany
12.5.2 France
12.5.3 United Kingdom
12.5.4 Italy
12.5.5 Spain
12.5.6 Belgium
12.5.7 Netherlands
12.5.8 Austria
12.5.9 Poland
12.5.10 Russia
Chapter 13 Historical and Forecast Disposable Glove Market in MEA (2019-2029)
13.1 Disposable Glove Market Size
13.2 Disposable Glove Demand by End Use
13.3 Competition by Players/Suppliers
13.4 Type Segmentation and Price
13.5 Key Countries Analysis
13.5.1 Egypt
13.5.2 Israel
13.5.3 South Africa
13.5.4 Gulf Cooperation Council Countries
13.5.5 Turkey
Chapter 14 Summary For Global Disposable Glove Market (2019-2024)
14.1 Disposable Glove Market Size
14.2 Disposable Glove Demand by End Use
14.3 Competition by Players/Suppliers
14.4 Type Segmentation and Price
Chapter 15 Global Disposable Glove Market Forecast (2024-2029)
15.1 Disposable Glove Market Size Forecast
15.2 Disposable Glove Demand Forecast
15.3 Competition by Players/Suppliers
15.4 Type Segmentation and Price Forecast
Chapter 16 Analysis of Global Key Vendors
- Adventa Berhad (Sun Healthcare)
- Ammex Corporation
- Ansell
- Cardinal Health
- Dynarex
- Hartalega Holdings Berhad
- Kimberly-Clark
- Kossan Rubber Industries
- Rubberex Corporation (M) Berhad
- Semperit Holding
- Supermax Corporation
- Top Glove Corporation
- Medical Industries of the Americas
- Hongray
- INTCO Medical Technology
- Zhonghong Pulin
For more information about this report visit https://www.researchandmarkets.com/r/vxxzbq
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
