Disposable Gloves Market Share, Competitor’s Analysis, Supply and Consumption 2020 Research Report Forecast To 2028

 According to our new research study on "Disposable Gloves Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Material and Type," the market is expected to grow from US$ 8,278.81 million in 2021 to US$ 21,400.12 million by 2028; it is estimated to grow at a CAGR of 14.5% from 2021 to 2028. On the basis of volume, 399,092 million units of disposable gloves were sold in 2021, with 1,061,030 million units expected to be sold globally by 2028, growing at a CAGR of 15.0%. The report highlights the trends prevailing in the disposable gloves market and the factors driving its growth. The growing burden of healthcare-associated infections, the rising adoption of nitrile gloves for industrial use, and the increasing number of surgical procedures sources propel the demand for disposable gloves. However, the shortage of gloves hampers the market growth.

Based on material, the disposable gloves market is segmented into natural rubber, nitrile, neoprene, polyethylene, and others. The nitrile segment held the largest market share in 2021 in terms of both revenue and volume and is expected to retain its dominance during the forecast period. Derived primarily from Acrylonitrile Butadiene Copolymer (NBR), nitrile gloves have rapidly replaced natural rubber gloves due to their similar properties to natural rubber along with other additional properties which can be manipulated such as anti-allergic nature, comfort in wearing, better strength and durability.

However, in terms of revenue, the natural rubber segment is expected to register the highest CAGR during 2021–2028.

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Impact of COVID-19 Pandemic on Disposable Gloves Market

The COVID-19 crisis has adversely affected various industries, such as manufacturing and healthcare, and its long-term repercussions are likely to hinder the healthcare sector growth during the forecast period. Due to the rising number of COVID-19 cases, lockdown and business shutdowns were imposed by governments of various countries to control transmission. Along with these measures, gloves and masks were considered as primary tools to prevent the spread of the virus. Gloves were a part of the PPE kits or personal protective equipment kits and were essential for the public and primarily the healthcare workers to protect themselves against COVID-19. Owing to rise in COVID-19 cases in 2019 and 2020, there was a deficit in the production of gloves as manufacturing companies reached their maximum capacities of plant utilization. The demand for gloves from both public and the healthcare industry saw a steep rise. This led to major shortcomings on the supply side, with production taking a hit due to a shortage of raw materials, closure of facilities due to COVID-19 outbreaks, and disrupted supply chains. For instance, Top Glove in November 2020 expected deliveries to be delayed and sales to fall below its forecast after thousands of the company’s workers tested positive for COVID-19, leading to the closure of its production facilities. The company mitigated the production to unaffected facilities and rescheduled its delivery to minimize the impact. The company had to close down 28 of its production facilities in phases to quarantine its employees and control the spread of the disease. However, the demand remained steady and continued to increase during most part of 2020. As the pandemic eased, the reopening of production facilities and the recovery of the supply chain led to the supply meeting the demand and aided the growth of the disposable gloves market. Overall, the demand for disposable gloves was high during the pandemic and, therefore, positively impacted the disposable gloves market.

Several players in the disposable gloves market are engaged in meeting the growing demands for disposable gloves. B Braun Melsungen AG; RUBBEREX; Sempermed; Cardinal Health, Inc.; Kossan Rubber Industries Bhd; Supermax Corporation Berhad; Hartalega Holdings Berhad; Top Glove Corporation Bhd; Ansell Ltd.; Molnlycke Health Care AB are among the leading companies operating in the disposable gloves market.

The report segments the disposable gloves market as follows:

The disposable gloves market is segmented on the basis of material and type. Based on material, the market is segmented into natural rubber, nitrile, neoprene, polyethylene, and others. The disposable gloves market, by type, is bifurcated into powdered and powder free. By geography, the market is segmented into North America (the US, Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, and the Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and Rest of Asia Pacific), the Middle East & Africa (the UAE, Saudi Arabia, South Africa, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America).

 

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