The disposable gloves market reached its peak in 2020 due to the global pandemic. Disposable gloves were used mainly in hospitals by doctors and health practitioners for performing surgery, however nowadays it’s purchased by the common man and has become one of the necessities to survive this pandemic period. The disposable gloves can be categorized into examination gloves and surgical gloves in which examination gloves are used for diagnostic practices and surgical gloves are specially manufactured for performing penetrating operations.
The global disposable gloves market size was estimated at US$ 10.2 Billion in 2020 and is expected to grow at an annual growth rate (CAGR) of 13.2% from 2021 to 2027 The market is expected to reach a valuation of US$ 24.3 billion by 2027.
Growing product demand in medical and healthcare, pharmaceutical, automotive finishing, chemical, and oil and gas industries has been a major market driving factor. To meet the demand, the major players are increasing their production capacity and collaborations. The market growth trend projected to decline by 2027 predicting decreased sales of disposable gloves on account of gradual easing of the impact of Covid-19 pandemic.
There have been considerable technological advancements in glove manufacturing over the years. Moisturizing agents are used to ease out donning, antimicrobial technology is becoming widely available, and textured gloves are used to provide a better grip. Sri Trang gloves in Malaysia is increasing its production capacity of rubber gloves to 18 % with the help of fundraising to meet the market demands. There has been a shift towards powder-free medical gloves as they are proven to be less allergic containing fewer endotoxins. This happened immediately after the ban of powdered gloves by FDA due to their hazardous nature.
The global pandemic has inhibited the market growth of several manufacturing industries but has also benefitted few sectors including the disposable glove market. The Covid 19 pandemic has made it possible for disposable gloves to hit the shelves of not only every pharmaceutical around the world but also every shopping enterprise. Preventing the spread of communicable diseases via body fluids has become of the utmost importance right now aiding the purchase rate of gloves in different sizes from kids to adults. Malaysian rubber glove manufacturers expect an additional demand for medical gloves with respect to the increased treatment units for coronavirus patients.
Malaysia is said to be the largest supplier of rubber gloves in the world. Europe was accounted for its highest market share when it comes to the Disposable gloves market in the year 2019. Asia Pacific countries that are expanding their medical infrastructure and healthcare facilities like India, Japan are expected to further increase their market demand.
The highest share in the global market for disposable gloves is contributed by North America followed by European countries like German and France. The key players in this field are Ansell Ltd in Australia, Top Glove Corporation in Malaysia, and Kanam Latex Industries in India.
Growing concerns for safety and hygiene:
Disposable gloves are increasingly being used a protection utility to prevent the spread of infection between consumers and service providers. The market was boosted on account of the recent Covid-19 outbreak. Disposable gloves are used by people across many end-user industries apart from healthcare.
Growing demand from the healthcare sector:
As long as there is an inflow of patient population, the global disposable gloves market will have a constant market demand. The growing number of ophthalmologists and the increased number of dental surgical procedures over the years have also boosted the market for disposable gloves. Largely populated countries like China and India are the major consumers of disposable gloves.
Concerns related to the toxicity of gloves:
Even though the global disposable gloves market is fuelled by the pandemic, the anticipation of hazardous toxic reactions caused by gloves poses a threat to its market growth.
Competition from local unorganized players:
High price competition from the local manufactures is expected to hinder the growth of the disposable gloves market. Cheap gloves are also produced by local manufacturers using substandard quality of raw materials and these often do not meet quality standards.
Newer technological advancements in the disposable gloves market segment make it possible for the gloves to push their market boundaries into various other sectors like the automotive industry and robotics industry. Gloves with scanning abilities are used in the automotive industry to scan the car components while dispatching them. This glove named Mark contains an embedded barcode scanner that helps the employees to scan the components while moving them around and helps to more cartons easily.
Regulations and Standards:
Sterile surgical gloves must meet FDA (Food and Drug Administration) standards for sterility assurance so as to prevent pathogen build-up in the gloves that may contaminate an operative wound. The gloves are not approved for medical use if it does not pass this examination.
The research report analyses the ecosystem of the disposable gloves market and categorizes the disposable gloves market to forecast the revenues and analyze the trends in each of the following below-mentioned market segments.
The key players operating in the market are:
Priyanka has been writing chemicals & material market research reports for the last 12 years. A post-graduate, her specialization is in the chemicals sector. Preparing end-to-end reports covering minute details for market insights, competitive intelligence and trend analysis in the CMFE sector.