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The gloves market size is forecast to increase by USD 11.32 billion at a CAGR of 5.78% between 2023 and 2028. The market is witnessing significant growth due to the increasing focus on occupational safety across various industries, particularly in sectors like oil and gas. The need for personal protective equipment (PPE) to safeguard workers from hazardous substances, such as oil, chemicals, and particulate matter, is driving the market's expansion. In terms of product trends, both powdered and powder-free gloves made of materials like polyethylene are gaining popularity for their product protection and quality attributes. The introduction of antimicrobial technology (AMT) in gloves is another emerging trend, enhancing product quality and adherence to stringent quality standards set by the Quality department and regulatory bodies.
However, the market faces challenges due to the volatility in raw material prices, which impacts the overall cost structure of glove manufacturing.
The market is witnessing significant growth due to the increasing demand from heavy-duty industries such as construction, chemicals, oil and gas, and waste management. Regulations enforced by various regulatory bodies have led to an increase in the usage of gloves as personal protective equipment (PPE) in these industries. The major focus is on gloves that offer superior grip and ease of operation, driving the demand for gloves that cater to these requirements. The supply chain of gloves is under regulatory scrutiny, with stringent quality standards being set for product quality and sustainability. Hygiene issues and health crises have further fueled the demand for gloves, particularly disposable gloves, in various applications.
Moreover, the major firms in the market are investing in research and development to meet customer expectations for high-quality gloves that offer both functionality and sustainability. Reusable gloves are also gaining popularity due to their cost-effectiveness and environmental benefits. The revenue contributors to the market include gloves used in food processing, healthcare, and industrial applications.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The offline segment is estimated to witness significant growth during the forecast period. The market encompasses a wide range of products used for occupational safety and product protection in various industries, including oil and gas. Personal protective equipment (PPE), specifically gloves, plays a crucial role in ensuring worker safety and product quality. Two common types of gloves are powdered and powder-free. While powdered gloves are coated with fine powder to facilitate easier donning, powder-free gloves eliminate the need for this additive, reducing the risk of particulate matter contamination. Quality departments in industries adhere to stringent quality standards when procuring gloves. Traditional offline distribution channels, such as direct sales representatives and established networks, remain a significant avenue for purchasing gloves in bulk.
Moreover, the physical stores, including medical institutions and laboratories, offer the advantage of tactile engagement with gloves before purchase. This traditional method of distribution is particularly relevant for industries where infection control and safety are paramount. In summary, the market caters to the demand for occupational safety and product protection in various industries, with powdered and powder-free gloves being common types. Quality departments prioritize purchasing gloves through offline channels, such as physical stores and established networks, for their importance in ensuring safety and quality.
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The offline segment was valued at USD 24.17 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 32% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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In North America, the use of gloves extends beyond sports and extreme weather conditions, as they play a crucial role in occupational safety and product protection across various industries. The importance of personal protective equipment (PPE), including gloves, is increasingly recognized due to heightened awareness of quality standards and health and safety regulations. This trend is particularly prominent in sectors such as oil and gas, food services, biotechnology, and pharmaceuticals, where exposure to hazardous substances and particulate matter necessitates the use of gloves. Moreover, the adoption of gloves is driven by the need for product quality and the desire to maintain cleanliness in both residential and industrial settings.
Moreover, the two primary types of gloves are widely used: powdered gloves and powder-free gloves. While powdered gloves have traditionally been popular due to their ease of use, the shift towards powder-free gloves is gaining momentum due to concerns over potential health risks associated with the use of talcum powder. The price reduction of raw materials like latex and rubber, resulting from the decline in crude oil prices, further fuels the growth of the market in North America. The quality department in organizations plays a pivotal role in ensuring the implementation and adherence to these quality standards.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Growing industrial glove production is the key driver of the market. The healthcare industry and various industries with high dexterity requirements, such as manufacturing, construction, automotive, chemicals, and oil and gas, place a significant demand on the protective the market. This increased industrial production enables manufacturers to meet this demand, offering a diverse range of gloves designed for specific applications. These gloves protect workers from various workplace hazards, including mechanical risks, chemical exposure, thermal dangers, and electrical threats. companies in the market are innovating with technologies to address hygiene issues and cater to individuals with latex allergies. For instance, alternatives like nitrile and neoprene gloves have gained popularity due to their superior resistance to moisture, chemicals, and punctures.
Moreover, the availability of local and inexpensive gloves, along with the development of specialized gloves, enhances safety standards and ensures workers have appropriate hand protection for their tasks. Key players in the market, such as Ansell Ltd., are at the forefront of these industry innovations.
The introduction of antimicrobial technology (AMT) in gloves is the upcoming trend in the market. The market, particularly in the healthcare sector, has seen significant innovation with the introduction of high dexterity gloves made from various materials such as Neoprene, Nitrile, and Vinyl. These gloves cater to the need for superior grip and flexibility while addressing hygiene issues. Latex gloves, though widely used, have been replaced in many applications due to the prevalence of latex allergies. Manufacturers have responded to these challenges by introducing innovative technologies. For instance, Vinyl gloves are now employing antimicrobial layers, primarily used in food processing and food service applications. These gloves, such as those offered by Omni International, ensure a reduction in the transfer of microbes from the gloves to food items, thereby increasing their shelf life. Moreover, the antimicrobial properties of these gloves, like AMT, are cost-effective as they prevent microbial degradation and deterioration, extending their usage. Neoprene and Nitrile gloves, known for their durability and resistance to moisture, are increasingly popular in the healthcare sector due to their superior barrier protection.
Volatile raw material prices of gloves is a key challenge affecting the market growth. The market, particularly in the healthcare sector, is subject to various challenges due to volatility in raw material prices. Key materials like rubber, latex, nitrile, and other polymers used in the production of high dexterity gloves, such as latex and nitrile gloves, can experience unpredictable price fluctuations. This instability poses challenges for manufacturers in terms of pricing strategies and maintaining competitiveness within the industry. Managing the risk associated with volatile raw material prices is a significant concern for glove manufacturers. They may employ hedging strategies or long-term supply contracts to mitigate price volatility, but these measures come with their own complexities and costs.
However, the natural rubber, a primary raw material in latex glove production, is particularly susceptible to price fluctuations. Hygiene issues are also crucial factors in the market, with a growing emphasis on innovative technologies to address these concerns. Neoprene gloves and local, inexpensive alternatives are gaining popularity due to their moisture resistance and affordability, respectively. Innovative technologies, such as powder-free and coated gloves, are increasingly being adopted to improve hygiene and reduce the risk of allergic reactions, particularly for those with latex allergies.
Despite these challenges, the market is expected to grow steadily due to the increasing demand for high-quality gloves in various industries, including healthcare, manufacturing, and food processing.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Ansell Ltd.: The company offers gloves such as Encore Latex Micro surgical gloves, Encore Latex Surgical Green underglove, Gammex Non Latex Sensitive Surgical gloves and Gammex Pi Hybrid Surgical gloves.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Disposable gloves have become an essential component in various industries, including healthcare, construction, and catering, due to their hand protection capabilities. The gloves provide a connection between workers and the environment, ensuring safety from chemical contamination, oil and gas spills, and particulate matter. The industry innovation has led to the development of gloves made from environmentally friendly materials such as biodegradable cornflour and compostable materials. Customer expectations and tastes have evolved, leading to a demand for gloves that offer flexibility, high dexterity, and ease of operation. The gloves must also cater to specific industries, such as healthcare, where latex allergies are prevalent, leading to the popularity of nitrile and vinyl gloves.
Moreover, the market faces various challenges, including hygiene issues, skin irritation, and contamination risks. To address these challenges, innovative technologies such as sensors and smart gloves have been introduced. The quality department plays a crucial role in ensuring product protection and maintaining quality standards. Supply chain resilience is essential for disposable glove-related enterprises, and vertical integration has become a revenue contributor for some companies. The gloves industry continues to evolve, with a focus on sustainability and sustainable glove solutions, addressing workplace hazards, and ensuring worker safety.
Market Scope |
|
Report Coverage |
Details |
Page number |
165 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.78% |
Market growth 2024-2028 |
USD 11.32 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.78 |
Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 32% |
Key countries |
US, China, Japan, India, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
AMMEX Corp., Ansell Ltd., Cardinal Health Inc., Cole Parmer Instrument Co. LLC, Dynarex Corp., Kanam Latex Industries Pvt. Ltd, McKesson Corp., MRK healthcare Pvt. Ltd., Owens and Minor Inc., Primus Gloves Pvt. Ltd., Semperit AG Holding, Superior Glove Works Ltd., Supermax Corp. Berhad, Thermo Fisher Scientific Inc., Top Glove Corp. Bhd, UG Healthcare Corp. Ltd., WellCare International Inc., and Medline Industries LP |
Market dynamics |
Parent market analysis, market growth inducers and obstacles, market forecast, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
Customization purview |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Distribution Channel
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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