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The gloves market is estimated to grow at a CAGR of 7.5% between 2022 and 2027. The size of the market is forecast to increase by USD 14,208.99 million. The growth of the market depends on serval factors, including the increase in rubber production, greater industrial production, and extreme weather conditions.
This report extensively covers market segmentation by product (disposable gloves and reusable gloves), distribution channel (offline and online), and geography (North America, APAC, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Technavio categorizes the global gloves market as a part of the global personal products market within the global household and personal products market. The parent global personal products market covers products and companies engaged in research and development (R&D) and the production of personal and beauty care products, including cosmetics and perfumes. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.
The increase in rubber production is notably driving the market growth, although factors such as the use of chemicals in glove production may impede the market growth. Our researchers analyzed the data with 2022 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.
Key Gloves Market Driver
The increase in rubber production is notably driving market growth. Global rubber production was estimated at 28.8 million tons in 2019. The production went up in three countries- Thailand, Indonesia, and Vietnam, but fell in China, Malaysia, and India. A major increase was witnessed in APAC, where the production of rubber increased in 2019 compared to 2018.
The consumption of rubber, as per the Association of Natural Rubber Producing Countries (ANRPC), will increase by 4% yearly. ANRPC is an inter-governmental organization established in 1970. It provides insights into the rubber production of the member countries. The countries included in this association are Cambodia, China, India, Indonesia, Malaysia, Papua New Guinea, the Philippines, Singapore, Sri Lanka, Thailand, and Vietnam. These eleven countries account for nearly 90% of the world's natural rubber production.
In India, natural rubber production also went up in 2019. Earlier, there was a decrease in production due to several factors, such as untapped holdings, climate change, and a shortage of tappers. The rubber board took several initiatives to overcome these issues. The increase in production is a result of these initiatives. Such factors are estimated to drive the growth of the focused market globally during the forecast period.
Significant Gloves Market Trend
The use of green and recyclable materials is a major trend in the market. Glove manufacturers continue to emphasize green manufacturing processes, technologies, and sustainability. Hand protection product manufacturers, regulators, and marketers are stressing green manufacturing, such as the use of green resources like sun and wind power. This can minimize the costs of the use of water and decrease the consumption of non-productive electricity.
Various vendors are now considering options to reduce the amount of scrap produced and decrease their reliance on petrochemical resources. There is an emphasis on employing improved fibers and new sources of natural fibers. For example, a raw material that is growing in demand is post-consumer recycled content, which is manufactured from recycled soda and water bottles. Other materials used in disposable gloves include biopolymers based on starch, cellulose, and polylactic acid (PLA).
The growing demand for green products will lead to innovations in new manufacturing processes, ensuring that vendors are committed to using environmentally friendly alternatives rather than petroleum-based plastics. Vendors are also focusing on using raw materials that minimize the carbon footprint. They are starting to use materials that are recyclable in nature. Such factors will drive the global market during the forecast period.
Major Gloves Market Challenge
The use of chemicals in glove production is a major challenge impeding that market growth. Gloves are subjected to a series of steps before the final product comes. The process begins right from the collection of latex from rubber trees to the packaging and shipment of the product. Usually, the manufacturing plants are located near the rubber plantations to save on logistics. Though the process may differ in terms of the material of the glove, the overall procedure followed is the same.
The accelerators in the glove manufacturing process are chemicals, which are used to increase the binding speed between sulfur and the glove material. The products are dipped in chemical solutions of calcium carbonate and calcium nitrate, which cause irritation to the skin in the form of rashes, allergies, and itching. These chemicals are dangerous for the manufacturers involved in glove production. Prolonged exposure leads to headaches, loss of appetite, nausea, and usual symptoms of weakness. Therefore, the chemicals employed in the glove manufacturing process cause hazardous effects on health. These factors will hamper the global market growth during the forecast period.
Key Gloves Market Customer Landscape
The 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 growth strategies.
Global Gloves Market Customer Landscape
Vendors 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.
3M Co. - The company operates under multiple segments including safety and industrial, and consumer among others, with a high focus on safety and industrial.? The company under this segment?offers industrial abrasives and finishing for metalworking applications, autobody repair solutions, closure systems for personal hygiene products, masking, and packaging materials. The company's key offerings include gloves.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors 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 vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the disposable gloves segment will be significant during the forecast period. These prevent the transmission of infection between consumers and service providers. They are mainly employed in industries such as healthcare and food services, janitorial services, and chemicals.
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The disposable gloves show a gradual increase in the market share of USD 20,461.60 million in 2017 and continued to grow until 2021. They are available in variants such as natural rubber, nitrile, vinyl, neoprene, and polyethylene. Each variant is used for a different purpose. Disposable gloves prevent the transfer of microbes and substances between different parties. Hence, the demand for the product has increased due to the growth in the prevalence of epidemics. With the increase in awareness among consumers, industries are adopting better practices to ensure hygiene and safety. The adoption of non-powdered gloves has increased due to their health benefits and better properties. Hence, during the forecast period, disposable products will continue to dominate the market.
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North America is estimated to contribute 34% 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.
In North America, gloves are used in various activities, such as cleaning in residential and industrial setups. The adoption of gloves is rising due to the increase in awareness about safety and hygiene practices.
They are required in sports such as baseball, boxing, and skiing. Furthermore, during severe winters from November to January, people need them to keep themselves warm. Rapid growth in industries such as food services, biotechnology, and pharmaceuticals is also fueling the demand for the product in the region. The low prices of raw materials such as latex and rubber, due to the decrease in crude oil prices, are driving the gloves market. Hence, gloves are available at low prices.
North America dominates the global food service gloves market, with the US and Canada as the leading revenue-generating countries. The presence of stringent food safety regulations and the growing number of food service outlets in the region are driving the demand for food service gloves in North America. Regulatory authorities such as the US Food and Drug Administration (FDA) and Health Canada have enforced well-defined guidelines and regulations on food producers and processors to ensure the optimum quality and safety of their food products. The implementation of the US FDA Food Safety Modernization Act (FSMA) in 2011 has helped in improving food quality.
In 2020, the COVID-19 outbreak in North America positively impacted the growth of smart PPE. The growing rate of the disease in the region increased the demand for gloves from healthcare providers and pharmaceutical manufacturers in 2020. In addition, the stringent rules of social distancing and rising awareness in public regarding the efficiency of gloves have increased the demand for gloves from other major end-users, such as the construction and oil and gas industries. Moreover, in 2021, owing to the mass vaccination drive and other government initiatives, various business and industrial operations resumed with proper safety and precautions, which increased the demand for gloves in North America. Furthermore, growing awareness among leading players regarding the safety of the workforce in various industries will enhance the sales of gloves during the forecast period. In addition, owing to increasing healthcare spending and high demand from hospitals and clinics, the regional gloves market is expected to witness moderate growth during the forecast period.
Industrial Safety Gloves market - The market share is expected to increase by USD 3.1 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 7.25%.
The report forecasts market growth by revenue at global, regional & country levels and analyzes the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by Product (Disposable gloves and Reusable gloves), Distribution Channel (Offline and Online), and Geography (North America, APAC, Europe, South America, and Middle East and Africa).
Gloves Market Scope |
|
Report Coverage |
Details |
Page number |
165 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.5% |
Market growth 2023-2027 |
USD 14,208.99 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
6.9 |
Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
Performing market contribution |
North America at 34% |
Key countries |
US, China, Japan, India, and Germany |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
3M Co., Adenna LLC, AMMEX Corp., Ansell Ltd., Atlantic Safety Products Inc., Globus Shetland Ltd., Hartalega Holdings Berhad, Honeywell International Inc., Kimberly Clark Corp., Kossan Rubber Industries Bhd, MCR Safety, MSA Safety Inc., Newell Brands Inc., Riverstone Holdings Ltd., Semperit AG Holding, Superior Glove Works Ltd., Supermax Corp. Berhad, Top Glove Corp. Bhd, and Unigloves UK Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, 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 |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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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 Product
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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