U.S (New York) – Report Ocean has recently published a comprehensive research report titled “Gloves Market” Research Report 2023-2031. This report delves deep into the market and offers valuable insights into (Key Market Trends, Emerging Technologies, Market Drivers and Challenges of the Industry, Regulatory Policies), company profiles of key players, and their strategies. With over 100+ market data tables, pie charts, graphs, and figures, this global market study is now available. The report provides a thorough evaluation of the market, (Encompassing Future Trends, Current Growth Factors, Expert Opinions, Factual Information), and industry-validated market data, with a forecast extending until 2031.
The global gloves market is accounted to be at value $48,011.33 in 2017 and expected to reach $1,18,508.55 million by 2025, registering a CAGR of 8.6% during 2021-2025. The global gloves market is driven by the factors such as increase in rubber production, rise in concerns regarding safety and hygiene, and surge in number of end users. In addition, rise in awareness among the healthcare service provider regarding hygiene and advancements in technology are further uplifting the growth of the market. Gloves are a type of personal protective equipment (PPE) which is designed to protect staff from microbial contamination, or from contact with certain chemicals, and cross-transmission from healthcare associated infections. In addition, the gloves are categorized into medical/examination glove and industrial glove which is used in various fields.
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Further, protective gloves should be selected on the basis of the hazards involved, but should always be worn when handling infectious materials, radioactive materials, chemicals, and harmful temperature extremes. The demand for gloves is witnessing a boost in the market due to increase in infectious disease and COVID-19 across the globe. Moreover, the Food and Drug Administration issued a final rule in December 19, for banning use of the most powdered medical gloves. Further, it was estimated that according to the Eagle Protect in the U.S around 300 billion disposable gloves are used annually across various industries.
However, high price competition and toxic reaction to certain gloves are expected to hamper the growth of the market. On the contrary, developing economies and untapped markets is anticipated to provide lucrative growth opportunity for the growth of the market during forecast period. The global gloves market is segmented on the basis of type, industry, and country. Based on the type, the market is segmented into disposable sterile gloves, disposable examination and protective gloves, and consumer gloves. In addition, disposable sterile gloves is further divided into disposable surgical sterile gloves, disposable examination sterile gloves, and other sterile gloves.
Further, disposable examination and protective gloves is further divided into disposable nitrile examination and protective gloves, disposable latex examination and protective gloves, disposable vinyl examination and protective gloves, and other disposable examination and protective gloves. Based on industry the market is segmented into medical, horeca, cleaning, beauty, food and drinks, pharmaceutical, chemical, automotive, electronics, construction, and others, Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
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KEY BENEFITS FOR STAKEHOLDERS
– This report entails a detailed quantitative analysis along with the current global gloves market trends from 2021 to 2025 to identify the prevailing opportunities along with the strategic assessment.
– The market size and estimations are based on a comprehensive analysis of key developments in the industry.
– A qualitative analysis based on innovative products facilitates strategic business planning.
– The development strategies adopted by the key market players are enlisted to understand the competitive scenario of the market.
List of key players profiled in the report
– 3M Co.
– Ansell Ltd.
– Cardinal Health, Inc.
– Globus (Shetland) Ltd.
– Hartalega Holdings Berhad
– Honeywell International Inc.
– Kimberly-Clark Corp.
– Kossan Rubber Industries Bhd
– Rubberex Corporation (M) Berhad
– Top Glove Corp. Bhd
– Semperit AG Holding
– Atlantic Safety Products Inc.
– The Glove Co.
– Supermax Corporation Berhad
Key Market Segments
By Type
– Disposable Sterile Gloves
o Disposable Surgical Sterile gloves
o Disposable Examination Sterile gloves
o Other Sterile gloves
– Disposable examination and protective gloves
o Disposable nitrile examination and protective gloves
o Disposable latex examination and protective gloves
o Disposable vinyl examination and protective gloves
o Other Disposable examination and protective gloves
– Consumer gloves
By Industry
o Medical
o Horeca (food)
o Cleaning
o Beauty
o Food and Drinks
o Pharmaceutical
o Chemical
o Automotive
o Electronics
o Construction
o Others
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– By Region
? North America
? Europe
? Asia-Pacific
? LAMEA
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Key Highlights:
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Five Forces Analysis: To enhance market understanding, we conduct a comprehensive five forces analysis that includes evaluating the bargaining power of buyers and suppliers, the threat of new entrants, the threat of substitutes, and the level of rivalry within the market.
Competition: We study leading players in the industry based on their company profile, product portfolio, capacity, product/service pricing, sales performance, and cost/profit analysis.
Demand & Supply and Effectiveness: Our reports provide insights into distribution channels, production, consumption, and, if applicable, import and export activities.
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