US & Europe Control over 60% of the Global Disposable Gloves Market Demand

13 January 2021

The global disposable gloves market is highly competitive, with significant opportunities and trends. In 2019, the global market was dominated by latex segment and is more likely to be surpassed by the nitrile segment owing to the wide acceptance and end use in niche applications. Governments are also concerned with public safety and are implementing reforms in healthcare and industrial standards that involve maximizing the use of gloves in the workplace. The ethical norms and corporate procedures further act as demand drivers for the use of gloves. Moreover, it is also more important for vendors to be in par with market trends and should be capable of blending the dynamic needs.

As the technology for processing synthetic rubber has become more stable and advanced, vendors are maximizing the capacity rates in these segments. This can be more prominent in the US and Europe, where allergy rates are high. However, the shift to nitrile and synthetic rubber gloves such as neoprene, TPEs in APAC, Latin America, and the Middle East can take a while as the latex segment continues to dominate. The practice of double gloving and the use of advanced gloves by surgeons and nurses in operating room is changing the surgical glove segment. With the diversification of new medical areas, especially in the dental field, glove requirements and customization can vary paving way for further innovations. The nitrile gloves segment in the global disposable gloves market is expected to generate an incremental revenue of over USD 8 billion in the coming years. More than 60% of the global demand is driven by the US and European countries, which are more sparsely populated than APAC and Latin America.

Read: Disposable Gloves Market Global Outlook and Forecast 2020-2025

Growth in Cleanroom Technology

The growing awareness of the cleanroom industry, strict government regulations, and investments by major economies such as China and the US is expected to boost the growth of the global disposable gloves market. The growth in cleanroom technology is expected to directly impact the sales of disposable gloves as it is one of the major apparels in the industry. Disposable gloves being the key piece of consideration in cleanrooms and contamination control are crucial to the productivity, quality, and yields of a clean manufacturing process, the selection of cleanroom gloves can be a time and resource intensive process. With the rise in cleanroom technology and the innovation in specific types, the grade requirements may differ posing a challenge for the glove manufacturers in the disposable gloves market. Cleanroom Construction (CRC) that has gained the advantage of nanotechnology sensors in countries such as Hong Kong can be one such instance of its diverse applications. Apart from it, opportunities in aerospace, food industry can pose viable growth scenario that will lead to the rise in demand for nitrile and latex gloves. Ireland is estimated as major place for cleanroom construction site in Europe during the upcoming withdrawal of the UK from the EU. This opportunity can increase the demand for disposable gloves in the region.

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Strategies by the Global Disposable Gloves Market Players

The major players in the global disposable gloves market are consistently involved in expansion of facilities to comply with the growing global demand and needs across industries. Brands such as Supermax have acquired a greater share in the US dental market that is highly competitive. It was achieved through appropriate brand embodiment, creative packaging, and offering quality, customized products. As the medical glove segment is more dominant, the number of players operating in the segment is huge. Hence it is recommended for the new vendors and exiting vendors to diversify their offerings into other niche applications. Mergers and acquisitions can play a vital role in the disposable gloves market. For instance, Showa Glove Co announced a strategic alliance with Riverstone Holdings Limited to elevate the growth in the glove industry. The partnership also aims at technical expertise and resources of both the brands to offer cutting edge offerings in the market. Some of the innovation in the market that supports sustainability and environment friendly approaches always ensures additional credibility of the brand. For instance, the surface free energy and transfer characteristics like Teflon embedded in the nitrile gloves from Eagle Protect is highly commendable.

Read: Medical Mask Market Global Outlook and Forecast 2020-2025

FAQs about the Global Disposable Gloves Market:

Q. What is the market size of the global disposable gloves?

A. The global disposable gloves market is projected to reach revenues of around USD 29 billion by 2025.

Q. What is the market growth of global disposable gloves?

A. The global disposable gloves market is projected to grow at a CAGR of over 14% during the forecasted period.

Q. What is the market segmentation of the global disposable gloves?

A. The global disposable gloves market is segmented by type, form, end-user, distribution, and geography

Q. What is the market insight of the global disposable gloves?

A. The onset of COVID-19 has accelerated the adoption of disposable gloves in developing economies and underpenetrated markets like India. Going forward, the scope for retail sales remains high in the coming years.

Q. What are the major regions in the global disposable gloves?

A. The leading regions in the global disposable gloves include North America, Europe, APAC, Latin America, and Middle East and Africa.

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