Industrial Safety Gloves Market by Material and Geography - Forecast and Analysis 2022-2026

The industrial safety gloves 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%.

This industrial safety gloves market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the industrial safety gloves market segmentations by material (natural rubber gloves, vinyl gloves, nitrile gloves, neoprene gloves, and others) and geography (APAC, North America, Europe, South America, and the Middle East and Africa). The industrial safety gloves market report also offers information on several market vendors, including 3M Co., Ansell Ltd., Atlas Protective Products, Delta Plus Group, Globus Shetland Ltd., Hartalega Holdings Berhad, Hase Safety Gloves GmbH, Honeywell International Inc., Industrial Safety Products Pvt. Ltd., Kossan Rubber Industries Bhd, Midas Safety Inc., Radians Inc., Riverstone Holdings Ltd., Scapa Group Plc, Semperit AG Holding, Showa International BV, The Glove Co., Top Glove Corp. Bhd, UVEX WINTER HOLDING GmbH & Co. KG, and V.J. Enterprises among others.

What will the Industrial Safety Gloves Market Size be During the Forecast Period?

Download Report Sample to Unlock the Industrial Safety Gloves Market Size for the Forecast Period and Other Important Statistics

 

Industrial Safety Gloves Market: Key Drivers, Trends, and Challenges

Our researcher studied the historical data for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges for the global industrial safety gloves market. During the COVID-19 pandemic, the demand for the industrial safety gloves market has been impacted significantly, but a holistic analysis of drivers will help in estimating exact demands and refining marketing strategies to gain a competitive advantage.

Key Industrial Safety Gloves Market Driver

The increasing product innovations are one of the key factors driving the global industrial safety gloves market growth. Industrial safety glove manufacturers are continuing to focus on green manufacturing processes, technologies, and sustainability. Hand protection product manufacturers, regulators, and marketers are laying stress on green manufacturing. Various vendors are now considering options to reduce the amount of waste generated and lower 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 (PCR) materials. They are manufactured from recycled soda and water bottles. Other materials used in disposable gloves include fibers such as biopolymers derived from starch, cellulose, and polylactic acid (PLA). This growing demand for green products will lead to innovations in new manufacturing processes, which ensure that vendors are committed to using environment-friendly alternatives rather than petroleum-based plastics. In August 2021, Globus Group launched a range of sustainable safety gloves, which is a part of its ongoing commitment to environmental sustainability. Thus, continuous product innovations by existing players in the global industrial safety gloves market drive market growth and will continue to boost sales of products during the forecast period.

Key Industrial Safety Gloves Market Trend

The increase in manufacturing capacity will fuel the global industrial safety gloves market growth. Vendors operating in the market have been significantly expanding their manufacturing capacity for industrial safety gloves to cater to the demand from various end-users. The growing industrial operations across various parts of the globe have been leading to high demand for industrial safety gloves. For instance, in February 2022, SHOWA announced a facility expansion that will increase the production capacity of industrial safety gloves by three-fold to meet growing government and industrial demand for Made in America PPE gloves. The construction of two additional facilities will increase SHOWA's annual domestic production capacity to 1.2 billion gloves by the end of 2022 and 2.8 billion gloves after the completion of these manufacturing facilities. Similarly, In July 2021, Honeywell and Premier Inc. announced a commercial relationship to expand the domestic production of nitrile examination gloves. This new collaboration is expected to lead to the production of approximately 750 million domestically-made nitrile exam gloves annually. Thus, the expansion of manufacturing capacity by vendors will propel the growth of the market in focus during the forecast period.

Key Industrial Safety Gloves Market Challenge

The fluctuating prices of raw materials are the major challenge to the global industrial safety gloves market growth. Industrial safety gloves are manufactured mostly using latex as the base material. Latex is commonly sourced from natural and synthetic rubber. Synthetic latex is produced by processing rubber, while natural latex is directly available from rubber trees. The availability of natural latex varies from country to country and influences the production capacities of vendors. For instance, the availability of industrial safety gloves made from natural rubber is highly dependent on the geographical and environmental conditions of a country, which negatively impacts their prices. Hence, fluctuating prices of natural rubber influence the penetration of the product in the market. Moreover, synthetic latex faces price volatility from the rubber demand-supply gap. Fluctuations in raw material prices bring unpredictability to the market and adversely affect production costs, thereby reducing the profit margins of vendors in the global industrial safety gloves market. Thus, fluctuations in latex prices make the profit margins of cut-resistant glove manufacturers unpredictable and will be a challenge to the growth of the global industrial safety gloves market during the forecast period.

This industrial safety gloves market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global industrial safety gloves market as a part of the global apparel, accessories, and luxury goods market within the textiles, apparel, and luxury goods market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the industrial safety gloves market during the forecast period.

Who are the Major Industrial Safety Gloves Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

• 3M Co.
• Ansell Ltd.
• Atlas Protective Products
• Delta Plus Group
• Globus Shetland Ltd.
• Hartalega Holdings Berhad
• Hase Safety Gloves GmbH
• Honeywell International Inc.
• Industrial Safety Products Pvt. Ltd.
• Kossan Rubber Industries Bhd
• Midas Safety Inc.
• Radians Inc.
• Riverstone Holdings Ltd.
• Scapa Group Plc
• Semperit AG Holding
• Showa International BV
• The Glove Co.
• Top Glove Corp. Bhd
• UVEX WINTER HOLDING GmbH & Co. KG
• V.J. Enterprises

 

This statistical study of the industrial safety gloves market encompasses successful business strategies deployed by the key vendors. The industrial safety gloves market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• topglove.com - The company offers industrial safety gloves such as Biogreen gloves for food services and Diamond Sandblast medical gloves.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.

The vendor profiles are designed to help clients improve their market position, and information on production and sustainability along with this the report provides a detailed analysis of several leading Companies.

Industrial Safety Gloves Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the industrial safety gloves market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global apparel, accessories, and luxury goods market includes the following core components:

• Inputs
• Inbound logistics
• Operations
• Outbound logistics
• Marketing and sales
• Service
• Support activities
• Innovation

The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Industrial Safety Gloves Market?

For more insights on the market share of various regions Request PDF Sample now!

48% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for the industrial safety gloves market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

Increasing product innovations will facilitate the industrial safety gloves market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID-19 Impact and Recovery Analysis

In 2020, the regional industrial safety gloves market experienced slow growth owing to the outbreak of COVID-19. Countries such as China and India were severely affected by the pandemic in 2020. Governments of most countries in APAC introduced emergency legislation that imposed stringent restrictions on industrial activities, business activities, and social gatherings to curb the spread of the pandemic in 2020. This reduced the demand for industrial safety gloves in the region in 2020. However, in 2021, the number of COVID-19 cases declined due to the initiation of mass COVID-19 vaccination drives, and therefore, the market in APAC will witness growth during the forecast period. 

What are the Revenue-generating Material Segments in the Industrial Safety Gloves Market?

To gain further insights on the market contribution of various segments Request a PDF Sample

The industrial safety gloves market share growth in the Natural rubber gloves segment will be significant during the forecast period. Natural rubber, also known as latex, is made from the sap obtained from rubber trees. The dominance of natural rubber in the industrial safety gloves market is mainly attributed to its several advantages over other materials. Disposable gloves made of latex are stronger and more flexible than those made of other materials such as vinyl and nitrile. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the industrial safety gloves market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Industrial Safety Gloves Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 7.25%
Market growth 2022-2026	$3.1 billion
Market structure	Fragmented
YoY growth (%)	6.76
Regional analysis	APAC, North America, Europe, South America, and the Middle East and Africa
Performing market contribution	APAC at 48%
Key consumer countries	US, China, Japan, Germany, and UK
Competitive landscape	Leading companies, Competitive Strategies, Consumer engagement scope
Key companies profiled	3M Co., Ansell Ltd., Atlas Protective Products, Delta Plus Group, Globus Shetland Ltd., Hartalega Holdings Berhad, Hase Safety Gloves GmbH, Honeywell International Inc., Industrial Safety Products Pvt. Ltd., Kossan Rubber Industries Bhd, Midas Safety Inc., Radians Inc., Riverstone Holdings Ltd., Scapa Group Plc, Semperit AG Holding, Showa International BV, The Glove Co., Top Glove Corp. Bhd, UVEX WINTER HOLDING GmbH & Co. KG, and V.J. Enterprises
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, and 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.

Request PDF sample

What are the Key Data Covered in this Industrial Safety Gloves Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive industrial safety gloves market growth during the next five years
• Precise estimation of the industrial safety gloves market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the industrial safety gloves industry across APAC, North America, Europe, South America, and the Middle East and Africa
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of industrial safety gloves market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch