Industry Background:
Direct handling of a number of hazardous chemicals and unhygienic materials can be dangerous and risky for the humans, thus it is necessary to use the safety gloves so that the risks associated with physical touch should be minimized. Thus, the demand for disposable for disposable gloves is increasing over the forecasting years. These gloves are primarily used to protect the hands from chemicals, medicines, and other reactive and hygienic materials. These type of gloves can be used in a number of applications such as foods and beverage, pharmaceutical, dentistry, surgery, agricultural, manufacturing, construction, and many others.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Top Glove Corporation Berhad (Malaysia), Semperit AG Holding (Austria), Rubberex (M) Sdn Bhd (Malaysia), Ansell Limited (Australia), Kossan Rubber Industries (Malaysia), Honeywell International (United States), Hartalega Holdings Berhad (Malaysia), W.W. Grainger (United States), Supermax Corporation Berhad (Malaysia), 3M Company (United States), Kimberly-Clark (United States), Protective Industrial Products, Inc. (United States) and Dynarex Corporation (United States) |
According to AMA, the market for Disposable Glove is expected to register a CAGR of 7.2% during the forecast period to 2028. This growth is primarily driven by Growing Awareness about Hygienic Healthcare Treatments and Upsurging Healthcare Infrastructure Development in Emerging Economies.
Globally, a noticeable market trend is evident Fueling Incidences of Pandemic Diseases such as Swine Flu, and many others
The Apparel, Accessories & Luxury Goods sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Top Glove Corporation Berhad (Malaysia), Semperit AG Holding (Austria), Rubberex (M) Sdn Bhd (Malaysia), Ansell Limited (Australia), Kossan Rubber Industries (Malaysia), Honeywell International (United States), Hartalega Holdings Berhad (Malaysia), W.W. Grainger (United States), Supermax Corporation Berhad (Malaysia), 3M Company (United States), Kimberly-Clark (United States), Protective Industrial Products, Inc. (United States) and Dynarex Corporation (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Disposable Glove market is a fragmented market due to the presence of various players. Companies are focusing on developing innovative products and solutions to improve quality, enhances and promotes performance, along with try to incorporate latest technology. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Key Developments in the Market:
1.15 RecentMergerAcquisitions and On February 7th, 2019, both the aviation industry leaders including Honeywell as well as Curtiss-Wright Corp. has signed an agreement together to develop an entirely new way for airlines to monitor and analyze flight data. Honeywell and Curtiss-Wright will use real-time connectivity to reinvent the Cockpit Voice Recorder and Flight Data Recorder. These companies have signed an agreement to develop the next generation of mandate-compliant Cockpit Voice Recorders (CVRs) and Flight Data Recorders (FDRs), essential equipment in helping accident investigators, regulatory agencies.
In May 2023, Ansell received the highest recyclability certification by Institut Cyclos-HTP (CHI), a globally recognised organisation that assess and certifies the recyclability of packaging and goods, confirming an AAA rating for the SMART Pack packaging for surgical gloves
Regulatory Insights:
OSHA's hand protection standard (29 CFR 1910.138) has encouraged humans in mandating wearing hand gloves before coming in the contact with hazardous substances. Thus, According to the OSHA’s Hand Protection Standard, employers must select and require employees to use appropriate hand protection when employee's hands are exposed to hazards such as hazardous chemicals. Employees should be aware of such hazards and risks when gloves are necessary, what type of gloves are necessary, how to properly put on, take off, adjust and wear them, glove limitations, and their proper care, maintenance, useful life, and disposal.
Influencing Trend:
Fueling Incidences of Pandemic Diseases such as Swine Flu, and many others and Introduction to Frictionless, Puncture Resistant, and Durable Disposable Gloves
Market Growth Drivers:
Growing Awareness about Hygienic Healthcare Treatments and Upsurging Healthcare Infrastructure Development in Emerging Economies
Challenges:
Continues Product Developments are Necessary to Attain Competitive Edge and Lack of Per Capita Healthcare Expenditures might liquidate the growing demand for the respective regions
Restraints:
Accelerators and Many other Chemicals Used in manufacturing Latex and Non-Latex Gloves can cause Severe Skin Infections and Irritation and Complex Disposal Procedures for Rubber Products and Stringent Government Regulations
Opportunities:
Increasing Adoption of Disposable Gloves in Non-Medical Applications such as Food & Beverage Industry, and Others and Introduction to Disposable Gloves in the Untapped Regions and Applications will generate Significant Demand in Forecasted Years
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Disposable Glove Market
- Analysis about New Entrants in Disposable Glove Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Disposable Glove Study Sheds Light on
The Disposable Glove Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Disposable Glove industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Disposable Glove industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.