Disposable Gloves Market In-Depth Research on Market Dynamics, rising CAGR

The global Disposable Gloves Market is expected to reach $ 10,061.0 million by 2023 from $ 6,146.2 million in 2016, recording a CAGR of 7.5% during the forecast period.

The adoption of disposable gloves has increased over the years due to safety concerns and increased hygiene. In addition, coupled with technological advances, the increase in the number of end-users can also help supplement market growth.

However, toxic reactions caused by high price competition between gloves and local manufacturers hinder the growth of the disposable gloves market. For example, accelerators and other chemicals used in the manufacture of latex and non-latex gloves cause allergic reactions such as irritant contact dermatitis. In addition, the introduction of disposable gloves in an undeveloped economy will create a favorable market opportunity.

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Disposable gloves are used at the time of medical examinations and procedures to ensure that there is no cross-contamination between a patient and a caregiver. The use of gloves prevents spreading of infection due to blood flow, pathogens, and other external factors.

The growth of the disposable gloves market is backed by factors such as the need for maintaining safety and hygiene in medical applications, improved healthcare practices, and the growing number of end-users such as healthcare, food industries, etc. However, the toxic reaction from certain gloves and competitive pricing offered by local manufacturers are likely to impede market growth. On the other hand, advancements in technology related to the development of novel disposable gloves are anticipated to provide great opportunities for the market players in the future.

Among the forms discussed, the powdered disposable gloves captured the largest market share in 2016 and are anticipated to maintain its lead throughout the forecast period. The segment is also likely to grow at the fastest CAGR of 4.9%.

Among the types, the non-powdered disposable gloves segment is likely to maintain its lead in terms of revenue, due to its benefits such as the lower risk of side effects. The segment is likely to grow at a CAGR of 11.7% during the forecast period, due to its higher adoption rate. Natural rubber gloves are the most popular gloves used and it is likely to experience a CAGR of 7.2% during the study period.

Medical gloves captured the highest market share in 2016, and it is expected to grow at a CAGR of 6.9% during the forecast period. This is due to the increased use of such gloves for medical examination activities. On the other hand, the high adoption of non-medical gloves in the foodservice industry and cleanroom activities is likely to propel the market for non-medical applications.

The prime companies providing solutions in the global disposable gloves market are

·         Top Glove Corporation Berhad,

·         Supermax Corporation Berhad,

·         Semperit AG Holding,

·         Rubberex Corp. M Bhd,

·         Kossan Rubber Industries Bhd.,

·         Hartalega Holdings Berhad,

·         Dynarex Corporation,

·         Cardinal Health, Inc.,

·         B. Braun Melsungen AG,

·         Ansell Limited

The market in North America is dominant, owing to new product innovations resulting from technological advancements in the region. The launch of advanced products such as puncture-resistant gloves, temperature-resistant gloves, and others has propelled the industry growth. Europe and Asia-Pacific together occupied for nearly half of the market share in 2015.

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