According to the report published by
Allied Market Research, the global industrial gloves industry generated $6.9 billion in 2019, and is estimated to reach $14.8
billion by 2027, registering a CAGR of 10.4% from 2020 to 2027. The report
offers a comprehensive analysis of changing market dynamics, key segments,
Porter’s Five Forces, market size, business performance, , and competitive
landscape.
Strict rules & regulations
imposed by governments, surge in demand for comfort & better performance,
and growth of the food processing & healthcare sectors propel the global
industrial gloves market growth. However, presence of local &
cost-effective products and lack of awareness regarding industrial gloves
utilization hinder the market growth. On the other hand, advent of innovative
technologies presents new pathways in the coming years.
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Covid-19
Scenario:
- Major health organizations such as WHO, FDA,
and CDC have released safety protocols regarding usage of gloves in
various industries during the Covid-19 crisis.
- The global demand of disposable gloves for
medical applications has experienced a sharp rise during the pandemic,
especially from Europe and the U.S.
- Highest safety precautions and strict measures
regarding utilization of gloves in the food and beverage industry have
been taken during food preparation, service, and delivery as lockdown
eases off and permissions to begin operations have been given.
Based on usability, the disposable segment held the highest share in 2019, accounting for more than three-fifths of the total market share, and is estimated to continue its dominance during the forecast period. Moreover, this segment is estimated to portray the highest CAGR of 10.9% from 2020 to 2027. The report also analyzes the reusable segment.
Based on end users of disposable
industrial gloves, the semiconductors segment contributed to the highest share
in 2019, accounting for nearly one-fourth of the total share, and is expected
to maintain the highest contribution during the forecast period. However, the
food industry segment is expected to portray the highest CAGR of 13.8% during
the forecast period.
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Geographically, North America held
the largest market share, contributing to nearly two-fifths of the total market
share in 2019, and will maintain its lead position during the forecast period.
However, Asia-Pacific is estimated to witness at the largest CAGR of 11.8% from
2020 to 2027.
Key market players analyzed in the
global industrial gloves market include Top Glove Corporation Berhad, Kossan
Rubber Industries Bhd, Hartalega Holdings, Careplus Group Berhad, Riverstone
Holdings Limited, Ansell Healthcare, Supermax Corp., Honeywell International
Inc., SHOWA, Inc., and Semperit AG Holding.
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