The global disposable gloves market size is expected to reach USD 16.12 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.8% from 2022 to 2030. The high prevalence of the COVID-19 pandemic, particularly in North America and Asia Pacific, is projected to augment the demand for disposable gloves. The COVID-19 pandemic had boosted the demand for disposable gloves, which strained the supply chain, thus creating a shortage in the market. Furthermore, disposable glove manufacturers are expanding their production capacities to meet the growing demand, thereby improving the global supply chain over the past few months.
The rising awareness regarding employee health and safety, along with the increasing industrial fatalities in the emerging economies, is projected to boost the market growth over the forecast period. Technological advancement, coupled with the growing consumer need for disposable gloves in medical operations, is anticipated to complement the market growth. Distributors play a vital role in the market as the product manufacturers are dependent on the distributors to get their products to consumers. Globalization and consolidation of gloves manufacturers are anticipated to have a significant impact on the distributors, which is projected to compel them to broaden their horizons and look beyond the traditional boundaries.
Companies such as Ansell Ltd. and Kimberley-Clark Corporation are carrying out strategic acquisitions, taking advantage of the ongoing COVID-19 pandemic situation. These acquisitions are expected to strengthen these companies’ position in the distribution network in the U.S. and India and extend their product portfolio and sales force to gain a competitive edge over their rivals. The pandemic has prompted market players to rethink their supply chains leading to increased instances of relocating or setting up additional manufacturing facilities in the country where the company is based in order to avoid future bottlenecks. For instance, companies such as Showa Group based in the U.S. are expected to triple their production of nitrile gloves by 2022.
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Disposable Gloves Market Report Highlights
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Disposable Gloves Market Segmentation
Grand View Research has segmented the global disposable gloves market on the basis of material, product, end use, and region
Disposable Gloves Material Outlook (Revenue, USD Million, 2017 – 2030)
Disposable Gloves Product Outlook (Revenue, USD Million, 2017 – 2030)
Disposable Gloves End-use Outlook (Revenue, USD Million, 2017 – 2030)
Disposable Gloves Regional Outlook (Revenue, USD Million, 2017 – 2030)
List of Key Players of Disposable Gloves Market
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About Grand View Research
Grand View Research is a market research and consulting company that offers market research reports, syndicated and customized reports. The company is headquartered in San Francisco, California. It offers client engagement for business consulting and market intelligence from various domains. The clientele is based across various countries with queries coming from more than 50 industries worldwide.
Grand View Research helps its clients to make informed decisions by helping them understand current trends and scenarios. Every year Grand View Research accomplishes more than 300 multi-country market studies to optimize consulting for clients.
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