|Status : Published||Published On : Sep, 2023||Report Code : VRCH2089||Industry : Chemicals & Materials||Available Format :||Page : 200|
The global industrial glove market at USD 12.31 billion in 2022 is anticipated to rise USD 21.27 billion by 2030 at a CAGR of 6.8%. The ongoing COVID-19 pandemic and the rising public awareness of healthcare-associated infections are expected to drive the market growth for disposable gloves, particularly in the healthcare sector. Several causes, including rising investments in the public and private sectors, rising population, a large influx of migrants, and an increasing senior population, are expected to contribute to the substantial growth of the healthcare industry in major developing economies. Furthermore, increased healthcare expenditure is predicted to stimulate the expansion of the healthcare industry, which, in turn, is estimated to augment.
Due to Covid-19 the global industrial market was impacted. The reason behind it was the prices of raw materials, demand, lockdown, and shutdowns of business during the pandemic. Due to a fluctuation in demand from numerous industries, including manufacturing and construction, the use of industrial gloves was affected globally. The COVID-19 pandemic impacted the demand from numerous industries, which had a detrimental effect on the expansion of the industrial gloves market.
Insight by Glove Type
On the basis of product type Global industrial market is bifurcated into two major segments disposable industrial and reusable industrial gloves. Disposable gloves are increasingly frequently utilized in the food, hospital, medical device, and pharmaceutical industries because they are solvent-resistant and odor-free. The category of disposable gloves held the largest market share.
Insight by Material Type
The market for industrial gloves worldwide is divided into categories based on material type, including natural rubber, nitrile, vinyl, neoprene, polyethylene, and others.
The natural rubber category held the biggest market share as a result of the rising use of these gloves in both the household and the chemical industry. The demand for natural rubber gloves is anticipated to increase as the chemical industry expands and as there is a greater need for and production of chemicals used in a range of industries.
As a result of their high level of touch sensitivity, elastic nature, comfortable fit, and biodegradability, rubber gloves are in high demand. Since nitrile gloves include elastic material inside of them, they are expected to have a high CAGR due to their superior flexibility.
Insight by End-User
The global industrial gloves market is divided into food, chemicals, manufacturing, healthcare, pharmaceuticals, and other end-users based on end-user.
The market's highest share is currently contributed by the healthcare sector, and this trend is anticipated to last for some time. Natural rubber, latex, nitrile, and disposable materials are widely used in the healthcare sector.
Medical gloves are essential for both patient and healthcare professional protection; hence the demand for industrial gloves in the healthcare sector is anticipated to increase throughout the forecast period. The market is anticipated to grow throughout the anticipated period as a result of increased consumer awareness of illness prevention and consumer well-being in the healthcare industry.
A couple of the fundamental trends in the global industrial gloves market that have been noticed are the growing importance of many company companies including OSHA, ANSHP, and EU integrating the latest trend and technology across the globe.
The expansion of the industrial glove market globally is impacted by a number of variables. Global industrial glove market growth drivers include market segments, geography, current trends, and technology used by the relevant competitive landscapes. The expansion of industrial glove usage and the rising number of manufacturing companies in developing countries will likely propel the global market forward in the near anticipated year of 2022 to 2030 as a result of the increased demand for a range of these gloves across the globe.
The availability of inexpensive local items, variations in raw material prices, the existence of an unorganized sector, and a lack of knowledge regarding the use of industrial gloves in emerging countries are all predicted to hinder the market's growth. The expansion of the global market for industrial gloves may also be constrained by unpleasant skin reactions from latex gloves, such as allergies, inflammation, and itching. A hurdle to its expansion will come from the rising automation in all end-use verticals, which will greatly reduce human effort and increase accuracy but also have an influence on employment and the need for personal protective equipment like industrial gloves.
Robots are swiftly replacing human labor in the manufacturing industry as automation is being used across industrial verticals. Major industrial organizations are expected to produce increased operational efficiency with the highest degree of accuracy as long as they continue to embrace automation based on cutting-edge technologies.
It is believed that the emergence of such technologies would decrease the use of personal workplace safety equipment in the near future, such as industrial safety gloves.
However, the suppliers' negotiating power will remain constrained due to the significant presence of retail and wholesale distributors across the global market for industrial safety gloves, which includes both online and offline parties. Future Market Insights believes that new players in the market for industrial safety gloves will capture high potential opportunities in emerging nations after the many industrial certifications necessary for the production of industrial safety gloves. As leading firms perceive it as of the highest importance for a differential lead over the competition in the industrial safety glove market, new product development will continue to attract attention in the industrial safety glove landscape over the foreseeable future.
News and Updates
The global industrial glove market includes Top Glove Cooperation Berhad as Hartalega Holdings, Kossan Rubber Industries Bhd, Riverstone Holding Limited, Careplus Group Berhad, Supermax corporations, Ansell Healthcare, ShOWA, Inc, Honeywell International Inc, ATG Sitec, Acme safety market key players. Market participants are anticipated to contribute to in growth plan that includes strategic investments, inorganic progress, and organic growth.
The Industrial Gloves Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2023–2030.
Segments Covered in the Report
Region Covered in the Report