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Rubber Gloves Market Size, Share & Trends Analysis Report By Material, By Type, By Distribution Channel, By Product, By End-use And Segment Forecasts, 2022 - 2030

Rubber Gloves Market Size, Share & Trends Analysis Report By Material, By Type, By Distribution Channel, By Product, By End-use And Segment Forecasts, 2022 - 2030

  • September 2022
  • 150 pages
  • ID: 6327044
  • Format: PDF
  • Grand View Research

Summary

Table of Contents

Rubber Gloves Market Size, Share & Trends Analysis Report By Material (Latex, Nitrile), By Type (Powdered, Powder-free), By Distribution Channel (Online, Physical), By Product, By End-use, And Segment Forecasts, 2022 - 2030

Rubber Gloves Market Growth & Trends

The global rubber gloves market size is expected to reach USD 18.28 billion by 2030, expanding at a CAGR of 3.9% over the forecast period. Rising government spending on healthcare in countries, such as Germany, Italy, India, Australia, and the U.K., is likely to boost industry expansion over the forecasted period. The global COVID-19 pandemic augmented the need for Personal Protective Equipment (PPE), such as gowns, gloves, face shields, and masks. Governments from across the world are coordinating with rubber glove makers to ensure enough supply in the market and avoid future virus spread.

Rising product usage in industries, such as automotive, oil & gas, construction, clean room, metal & equipment, and chemicals, is driving the industry growth.This is due to the presence of strong rules governing worker safety in numerous nations, such as the Occupational Safety and Health Administration (OSHA), as well as the high expenses associated with workplace dangers.

The product demand is predicted to increase as more food & beverage sector operators, such as bakeries, packaged goods, and restaurants, focus on making their products free of direct touch. This can be related to increased consumer awareness about food hygiene and the prevention of illnesses caused by food deterioration and misuse.

Increasing awareness among industry participants regarding the importance of worker safety and security at workplaces, on account of the stringent regulations and high costs associated with workplace hazards, is anticipated to drive industry growth.The importance of worker safety has significantly increased owing to the growing employment in industries across the Asia Pacific and the Middle East regions.

Manufacturers in the market are seeking collaborations, mergers, and acquisitions to expand their product lines and increase production capacity. They are also focusing on increasing their manufacturing facilities to accommodate rising demand from critical end-use industries, such as oil & gas, healthcare, and pharmaceutical.

Rubber Gloves Market Report Highlights
• The natural rubber segment accounted for the maximum revenue share in 2021 due to widespread use of these products in the medical and food & beverage sectors on account of their features, such as high elasticity and chemical resistance
• The adoption of disposable rubber gloves is estimated to witness a significant CAGR from 2022 to 2030 due to the low cost and single-use characteristic of these products
• The powder-free products segment is expected to rise at the fastest CAGR from 2022 to 2030 owing to the suitability of these products for use in damp environments and the presence of strict regulations prohibiting the use of powdered gloves, which can cause skin infections
• Europe accounted for the maximum revenue share in 2021 due to high product adoption in heavy-duty sectors to minimize infections and hand injuries
• Moreover, significant demand in nations, such as Italy, Ukraine, France, and Croatia, due to the COVID-19 pandemic supported the region’s growth
• Market participants’ strategies for gaining a competitive advantage include supply chain development, partnerships, value chain integration, and distribution network growth

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