Showing posts with label Major Companies in Disposable Gloves Market. Show all posts
Showing posts with label Major Companies in Disposable Gloves Market. Show all posts

Thursday, May 25, 2023

Global Disposable Gloves Market is expected to reach ~USD 15 Bn by 2028F: Ken Research

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Global Disposable Gloves Market by Geography

The Global Disposable Gloves market is segmented by geography into North America, Europe, Asia- pacific and LAMEA.

North America accounts for the largest share of the Global Disposable Gloves market. The Asia Pacific region is expected to be the fastest-growing in the forecasted period.

The Asia Pacific region is expected to be the fastest-growing region among others. The surge is expected to be driven by the presence of large glove manufacturing players in the region and developing economies. In the rubber gloves segment, Malaysia holds the major chunk of the market with 51% of the global share.

Opportunities in the North American market are driven by the awareness among people regarding infectious viruses, and diverse precautionary measures adopted by national governments. In 2020, the United States ranked as the top net importer with US$455 million worth of rubber surgical gloves.

As per the World Integrated Trade Solutions (WITS) data, Europe imported nearly 142 million KGs of gloves in 2019. As per EU stats, general government spending in the EU on health amounted to US$1,069 billion, 8% of Europe’s GDP in 2020.

Latin America Middle East and Africa markets are expected to grow gradually and consolidate in the near future.

Global Disposable Gloves Market Analysis

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Competition Scenario In Global Disposable Gloves Market

The Global Disposable Gloves market is highly competitive with ~200 players which include globally diversified players, regional players as well as a large number of country-niche players having their own niche in disposable gloves, delivering to healthcare and non-medical industries. Most of the country-niche players are dealing in the manufacturing of gloves as a single segment.

Large global players control about 40% of the market, while regional players hold the second largest share. Some of the major players in the market include Ansell Ltd, Hartalega, Top Glove Bhd, Rubberex, Kossan Rubber Industries, Cardinal Health Inc, Sempermed, Sri Trang Gloves, Care Plus, Supermax Corporation Berhad, Synthomer Plc, Comfort Rubber Gloves Industries, and others.

The leading global disposable gloves specialist companies such as Ansell, Hartlega, Top Gloves, and Rubberex are highly focused on providing a full segment of gloves for multiple solutions and for multiple end users.

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What Is The Expected Future Outlook For The Overall Global Disposable Gloves Market Across The Globe?

The Global Disposable Gloves market was valued at USD ~billion in 2022 and is anticipated to reach USD ~15 billion by the end of 2028, witnessing a CAGR of ~% during the forecast period 2022-2028. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

The Global Disposable Gloves market is driven by increased investment in improving the public healthcare system. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

With the increasing collaboration and emergence of new products, the Global Disposable Gloves market is changing rapidly. For instance, In March 2022, American Nitrile, LLC, announced a strategic partnership with Orion Infrastructure Capital (OIC) to construct its manufacturing facility in Grove City. Under this agreement, OIC will provide US$105 million to support the completion of 12 production lines with an aggregate capacity of 3.6 billion nitrile gloves per year.

In March 2021, Hartalega Holdings Bhd announced its plans to invest US$1.7 billion to build 16 new manufacturing plants over the next 20 years. Hartalega currently operates with 12 manufacturing units and aims at increasing the annual production of gloves by 95 billion by 2027.

In the FY21 annual report, Ansell Ltd. mentioned a US$80 million investment over the next three years in a new Greenfield manufacturing site in Tamil Nadu, India, with a focus on surgical and life science gloves for the Indian domestic market and export.

The Global Disposable Gloves Market witnessed accelerated growth during the 2019-2021 period, primarily driven the by Covid19 virus, growing awareness among people about infectious diseases, and public health initiatives. Although the growth rate is expected to come down in the forecasted period, the use of disposable gloves is anticipated to remain strong as multiple industries are adopting precautionary measures.

Though the market is highly competitive with ~200 participants, few global players control the dominant share and regional players also hold a significant share.

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Key Topics Covered in the Report

  • Snapshot of Global Disposable Gloves Market
  • Industry Value Chain and Ecosystem Analysis
  • Market size and Segmentation of the Global Disposable Gloves Market
  • Historic Growth of Overall Global Disposable Gloves Market and Segments
  • Competition Scenario of the Market and Key Developments of Competitors
  • Porter’s 5 Forces Analysis of Global Disposable Gloves Industry
  • Overview, Product Offerings, and SWOT Analysis of Key Competitors
  • Covid 19 Impact on the Overall Global Disposable Gloves Market
  • Future Market Forecast and Growth Rates of the Total Global Disposable Gloves Market and by Segments
  • Market Size of Application / End User Segments with Historical CAGR and Future Forecasts
  • Analysis of Global Disposable Gloves Market
  • Major Production / Consumption Hubs in the Global Disposable Gloves
  • Major Production/Supply and Consumption/Demand Hubs in Each Major Regions
  • Major Region-wise Historic and Future Market Growth Rates of the Total Market and Segments
  • Overview of Notable Emerging Competitor Companies within Each Major Region

Major Companies Profiled in the Report

  • Ansell Ltd
  • Hartalega
  • Top Glove Bhd
  • Rubberex
  • Kossan Rubber Industries
  • Cardinal Health Inc
  • Sempermed
  • Sri Trang Gloves
  • Care Plus
  • Supermax Corporation Berhad
  • Synthomer Plc
  • Comfort Rubber Gloves Industries

Notable Emerging Companies Mentioned in the Report

  • Cullinan Gloves
  • Sara Health Care Pvt Ltd.
  • Amkay Products Pvt Ltd.
  • Medlis Healthcare Pvt Ltd
  • Anhui Tianyuan Latex Technology Co.
  • Dentopia Sdn Bhd.
  • American Nitriles
  • LifeMedz

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

  • Disposable gloves manufacturer companies
  • Disposable gloves distributors
  • Disposable gloves material supplier companies
  • Potential investors in disposable gloves companies
  • Disposable gloves association
  • Utilities sector organizations
  • Healthcare sector companies
  • PPE manufacturing companies
  • Research & development institutes
  • PE and VC Firms in Healthcare
  • Consulting companies in the health and hygiene sector
  • Disposable gloves component providers
  • Nitrile and latex gloves manufacturers
  • Government and research organizations
  • Investment banks & funds
  • Investors and financial community professionals
  • Healthcare Regulatory Authorities

Time Period Captured in the Report

  • Historical Period: 2019-2021
  • Forecast Period: 2022-2030F

For More Insights On Market Intelligence, Refer To The Link Below: –

Global Disposable Gloves Market

Tuesday, November 22, 2022

3 Key Insights on US$15 Billion Opportunity in Global Disposable Gloves Market: Ken Research

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Driven by the Covid19 Pandemic, Rising Concerns over Health and Infectious Diseases, Public Health Initiatives Sponsored by the Government, and Rising Demands from Multiple Industries, Global Disposable Gloves Market is forecasted to cross US$15 Bn by 2030 says Ken Research Study

Gloves are pieces of clothing that cover a part of our hands. Disposable gloves are use-and-throw products that can reduce the spread of infection. Natural rubber latex, nitrile, and vinyl are among the widely used disposable glove varieties available in the market. These gloves are majorly used in the healthcare industry, including hospitals, clinics, dental facilities, EMS, and others. However, since the Covid19 pandemic, awareness about wearing gloves has spread among other industries as a mandatory precaution. Such industries include food processing, restaurant chains, chemicals, automotive aftermarket, and others. Ken Research shares 5 key insights on this high opportunity market from its latest research study.

According to Ken Research estimates, the Global Disposable Gloves Market – which grew from around US$7 Billion in 2019 to nearly US$10 Billion in 2022 – is expected to grow further into a more than US$15 Billion opportunity by 2027.

1. Global Disposable Gloves Market Witnessed Growth During and Since the Breakout of the COVID-19 Pandemic

The Global Disposable Gloves Market is expected to witness significant growth during the forecast period due to the Covid19 pandemic, and increasing demand for PPE (Personal Protective Equipment) kits. In addition, the active participation of national governments across regions with WHO (World Health Organisation) and other health associations on the global and country-level is expected to help spread awareness regarding the importance of personal safety equipment. Increasing Covid19 infection also led to a surge in surgeries, resulting in a surge in demand for disposable gloves. In 2020, Germany led the charts in surgical procedures conducted throughout the world with 858,553 surgeries in a year, followed by Korea (702,621), and France (748,940).

Global Disposable Gloves Market Revenue Forecast

2. Per Capita Health Spending Was Already On a Rise, Even Before the COVID-19 Pandemic Broke Out

The worldwide outbreak of the COVID-19 pandemic definitely boosted the market for disposable gloves along with the larger market for Personal Protective Equipment. Public health campaigns played a significant role in making people aware of the positive impact of disposable gloves. However, the global numbers for health expenditure per capita were already on a consistent rise before the pandemic broke out. The spread of the virus added to the growth by making people more conscious about the ramifications wearing gloves could bring.

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Global Health Expenditure Per Capita

3. Fluctuating Rubber and Other Commodity Prices amid Global Political Tension Can Hamper the Growth of the Market

Rubber is the key material used in disposable gloves, and the prices of rubber have been fluctuating widely over the past few years. Moreover, with rising global tension, commodity prices over the world are getting affected due to the bans on export and import.

Increased demand and inadequate supply result in higher prices. According to available industry data, the value of rubber glove imports to the US in 2021 reached US$7 billion, up from US$2.3 billion in 2020.

Global Average Price of Rubber

Key Topics Covered in the Report:-

Snapshot of Global Disposable Gloves Market

Industry Value Chain and Ecosystem Analysis

Market size and Segmentation of the Global Disposable Gloves Market

Historic Growth of Overall Global Disposable Gloves Market and Segments

Competition Scenario of the Market and Key Developments of Competitors

Porter’s 5 Forces Analysis of Global Disposable Gloves Industry

Overview, Product Offerings, and SWOT Analysis of Key Competitors

Covid 19 Impact on the Overall Global Disposable Gloves Market

Future Market Forecast and Growth Rates of the Total Global Disposable Gloves Market and by Segments

Market Size of Application / End User Segments with Historical CAGR and Future Forecasts

Analysis of Global Disposable Gloves Market

Major Production / Consumption Hubs in the Global Disposable Gloves

Major Production/Supply and Consumption/Demand Hubs in Each Major Regions

Major Region-wise Historic and Future Market Growth Rates of the Total Market and Segments

Overview of Notable Emerging Competitor Companies within Each Major Region

Major Companies Profiled in the Report:-

Ansell Ltd

Hartalega

Top Glove Bhd

Rubberex

Kossan Rubber Industries

Cardinal Health Inc

Sempermed

Sri Trang Gloves

Care Plus

Supermax Corporation Berhad

Synthomer Plc

Comfort Rubber Gloves Industries

Notable Emerging Companies Mentioned in the Report:-

Cullinan Gloves

Sara Health Care Pvt Ltd.

Amkay Products Pvt Ltd.

Medlis Healthcare Pvt Ltd

Anhui Tianyuan Latex Technology Co.

Dentopia Sdn Bhd.

American Nitriles

LifeMedz

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report:-

Disposable gloves manufacturer companies

Disposable gloves distributors

Disposable gloves material supplier companies

Potential investors in disposable gloves companies

Disposable gloves association

Utilities sector organizations

Healthcare sector companies

PPE manufacturing companies

Research & development institutes

PE and VC Firms in Healthcare

Consulting companies in the health and hygiene sector

Disposable gloves component providers

Nitrile and latex gloves manufacturers

Government and research organizations

Investment banks & funds

Investors and financial community professionals

Healthcare Regulatory Authorities

Time Period Captured in the Report:-

Historical Period: 2019-2021

Forecast Period: 2022-2030F

For more insights on the market intelligence, refer to the link below:-

Global Disposable Gloves Market