ALBANY, NEW YORK, May 2, 2019 /PRNewswire/ -- The key players leading in the global disposable gloves market are Granberg AS, Ansell Limited, Latexx Partners Berhad, and Hartalega Holdings Berhad. A key firm, Top Glove Corporation Bhd in 2018, took over Aspion Sdn Bhd, a leading manufacturer of surgical gloves, headquartered in Malaysia. With this acquisition the firm included three more manufacturing services, along with 75 production lines. They contributed the capacity of 4.77 Bn gloves pieces annually to its commercial unit.
According to Transparency Market research (TMR), the global disposable gloves market is expected to project a steady CAGR of 6.8% during the forecast period 2018 to 2026. In 2017, the market was estimated worth US$10.420 Bn.
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On the basis of material, natural rubber segment is dominating the global disposable gloves market. Natural rubber-based disposable gloves segment is a most preferred choice among the other material in developing nations owing to the lesser price and high comfort. However, the segment of nitrile-based disposable gloves is foreseen to surpass the former disposable gloves segment in the forthcoming years.
Based on region, in 2017, North America led the global disposable gloves market trailed by Asia Pacific and Europe. A growth in healthcare sector and rise in per capita income with respect to healthcare in the US are among the major factors fueling the growth of North America disposable gloves market.
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Improved Healthcare Facilities to Contribute in Market Growth
Doctors and other medical practitioners are exposed to various types of virus and bacteria on a regular basis. These pathogens can be harmful for human health. Disposable gloves provide ample protection from these toxic elements by reducing the chances of their entry into the human body through touch. The healthcare sector in the past few years has been concentrating on precautions and remedies for ailments such as SRAS and H1N1 flu.
Rising awareness regarding healthcare and common chronic diseases across the globe is a major factor propelling the development in global disposable gloves market. Increasing health threats have also resulted in the imposing of advanced regulations and standards in the healthcare sector by several governments. This leads to a surged demand in global disposable gloves market in the upcoming years.
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Moreover, improved medical facilities are also foreseen as a substantial factor behind growth of disposable gloves market. Besides, increasing population, rise in income levels, along with increased levels of awareness standards in several developing nations are among the key contributing factors to inundate the development of disposable gloves market in the upcoming years.
Fluctuation in Cost of Raw Material to Hamper Market Demand
Disposable gloves are used extensively in the food and beverages sector in the past few years. Furthermore, the food safety has also become an important issue for buyers and players. The safety gloves are also in demand in order to safeguard and skin from injuries, along with preventing health risks from contaminated. This is an add-on in the growth of disposable gloves market.
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Synthetic and natural rubbers are the basic raw materials used in making of disposable gloves. Since, natural rubber is also in huge demand in tire industry, that utilizes 70% of the overall natural rubber supply, it hinders the market demand for disposable gloves as well. Additionally, variation in price of raw materials is another factor pulling down the growth in disposable gloves market.
The data and information presented is based on the findings of a TMR report, titled "Disposable Gloves Market (Material - Natural Rubber, Vinyl, Nitrile, Neoprene; End user - Medical, Food and Beverages, Agriculture, Metal Fabrication, Automotive, Chemicals) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026."
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The global Disposable Gloves Market is segmented as follows:
- Natural Rubber
- Food & Beverages
- Metal Fabrication
Global Disposable Gloves Market, by Region
- North America
- Russia & CIS
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
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