The global rubber gloves market size will reach USD 58 billion by 2026, growing at a CAGR of 13% during the forecast period. The global rubber gloves market by revenue is expected to witness 2.1X times the growth during the forecast period. The market is highly competitive, with a high scope for revenue opportunities and market expansion. The scope for market growth is high, with new entrants entering into collaborations and strategic ventures for market expansion activities. Government agencies are also concerned with public safety and are implementing reforms in healthcare and industrial standards that involve maximizing the use of gloves at workplaces. Ethical norms and corporate procedures further act as drivers for the use of gloves. The momentum for safety gloves is expected to shoot up to enforce the need for innovations and developments following the COVID-19 pandemic. The scenario for shortage supply can be more certain due to the sudden boom.
- The reusable segment is likely to reach a revenue of over USD 17 billion by 2026 on account of the high scope for customization and upgrades, along with safety, resistance, and tolerance in reusable gloves.
- The nitrile segment is expected to grow at an impressive CAGR of over 14% as nitrile gloves are reliable and ideal for a range of applications.
- The growing awareness of cleanroom technology, strict government regulations, and investments by major economies such as China and the US are expected to boost the growth of the global rubber gloves market.
- The European gloves market is growing on account of low fertility rates, a large aging population, a rise in obesity levels, and the presence of advanced biopharma and healthcare industries in Germany, France, and the UK.
GLOBAL RUBBER GLOVES MARKET SEGMENTATION
This research report includes a detailed segmentation by
INSIGHTS BY TYPE
Despite losing a share to the nitrile segment, the natural rubber gloves segment accounted for over 40% of the total volume in 2020. North America is expected to continue its dominance during the forecast period, anticipating an incremental growth of over 37 billion units. The favorable rubber production in APAC countries is likely to sustain the market supply for natural rubber gloves. However, price fluctuations in raw materials and the increase in latex allergies are the major challenges that are expected to favor synthetic ones and other alternatives.
The synthetic segment is likely to observe revenue figures of over $39 billion by 2026. Nitrile, neoprene, PVC, and butyl are the major effective alternatives to traditional latex gloves. The use and prevalence of nitrile gloves in industrial and chemical and food processing industries are growing, which is likely to drive the segment growth. Neoprene is considered one of the fastest-growing segments in the rubber gloves industry. Neoprene is mainly utilized for chemical and heat protection. Outstanding physical toughness and chemical resistance, along with significant elasticity and flexibility, are driving the end-user segment. Vinyl gloves being another major growing segment and are confined to applications in the food processing industry. The butyl segment is the major revenue contributor to the segment as the intended physical, and chemical properties of these gloves are favorable for multiple usages. Butyl gloves are increasingly preferred among industries as a single-use disposable alternative for employees handling liquids and chemicals.
INSIGHTS BY FORM
The powder-free segment dominated the market with a revenue share of 83% in 2020, with North America expecting to observe the estimated sale of 218 billion units by 2026. However, in terms of revenue, the APAC region is likely to grow faster during the forecast period. Powder-free gloves are priced higher than powdered ones as they undergo an additional chlorination process to remove starch material. Powder-free are also highly preferred in cleanroom technology. They also have a low probability of allergies, thereby enhancing productivity and ensuring the segment's growth.
The powdered glove segment is highly influenced by safety and environmental regulations. Owing to the side effects, which include allergies, irritations, dermatitis, and other skin problems, the use of powdered ones has declined significantly. The development of polymer-coating technology and powderless alternatives has affected the sale of the segment. With the diminishing scope in the healthcare sector, powdered gloves find a competitive preference in food processing, chemical laboratories, and industrial manufacturing sectors.
INSIGHTS BY CATEGORIES
Disposable gloves are fundamental in medical and healthcare institutions; however, reusable gloves' toughness and durability are increasing their application in industrial activities. The impact of COVID-19 has accelerated the production of disposable gloves significantly across the world. The rise of industrial activities, investments, FDI, and government initiatives is expected to support the reusable material segment's growth during the period 2020–2026. A high concentration of healthcare facilities and cleanroom investments in North America and Europe contributed to the growth. The utilization of disposable gloves for enhanced safety and hygiene is growing in the foodservice industry.
Reusable gloves are preferred in oil and gas excavations, salon and tattoo studios, and automotive aftermarket sites. The segment is expected to account for 30% of the total revenue in the rubber gloves market by 2026. Dishwashing and cleaning activities are generally carried out with reusable ones due to their reissuance against irritants such as dish soap and cleaning detergents.
INSIGHTS BY END-USER
The medical segment accounted for the largest revenue in 2020 and is expected to reach over $24 billion by 2026. With the growing number of surgeries and cosmetic procedures, surgical gloves are expected to generate an incremental sale of over 54 billion units during the forecast period. APAC is likely to be the fastest-growing market in the surgical segment, which is estimated to grow at a CAGR of over 16% in terms of revenue. The rise of medical tourism in countries such as Malaysia, Thailand, India, and Singapore has substantially led to the demand for surgical supplies. Furthermore, the aging population, chronic illness, and the expansion of healthcare facilities are other factors that are driving the demand for medical gloves.
The non-medical segment includes food, chemical, and industrial rubber gloves. In terms of revenue, the industrial segment constituted 74% of the total non-medical rubber gloves market in 2020. North America was the market leader in the segment, owing to the electronics and automotive industry's growth. The chemical industry continues to serve as a major end-user segment for rubber gloves, especially reusable ones. As the industry is highly prone to experimental hazards in preparation, testing, handling, and transportation processes, the reusable material's contribution is crucial, which is likely to affect the market revenue.
INSIGHTS BY DISTRIBUTION
Distribution is the most crucial aspect of rubber gloves usage. Their increased application has made them medical to commercial commodities, which are available in traditional stores such as hypermarkets and online stores. Drug stores and pharmacies are also significant modes of distribution. They also serve as a significant sales medium alongside B2B collaborations for clinics, hospitals, and nursing homes. Therefore, attaining relationships with pharmacy chains in Tier I and Tier II cities, where the footfall is high, can lead to subsequent market penetration.
INSIGHTS BY GEOGRAPHY
North America is the major consumer of rubber gloves, with the US dominating and leading the market. The onset of the COVID-19 pandemic in 2020 further made the country to realize the potential to stock up medical supplies to tackle similar situations in the coming years. The region has some of the most rigorous safety practices that drive demand from several industries and sectors. With the favorable scenario for domestic vendors' rise and profitable relationships with vendors in Malaysia and Europe, the demand surge could force the region to sustain itself as the market leader during the forecast period. As the market is poised for growth and opportunities, the number of players operating in the market could surge, which could also witness domestic players' rise with mergers and acquisitions through international brands. Further, innovations in synthetic rubber categories such as neoprene, polyisoprene, and TPE could stand out from the competition as the North American market is always open to new product launches.
INSIGHTS BY VENDORS
The global rubber gloves industry is a highly competitive market with more than 250 recognized vendors worldwide. Factors such as comfort, dexterity, safety, comfort, and price play a major role in determining the demand and penetration of gloves. Innovation serves as a key differentiator for brands to capitalize on the competition. Moreover, collaborations and M&A are helping companies to increase their global footprint. Major players in the industry are also consistently expanding their facilities to comply with the growing global demand from industries.
The rubber gloves market research report includes in-depth coverage of the industry analysis with revenue and forecast insights for the following segments:
- Manufacturing and Construction
- Oil & Gas
- Commercial and Others
- Physical Stores
- Online Stores
- North America
- South Korea
- Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa