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According to Fortune Business Insights, Global disposable gloves market projected to rise from USD 19.88 billion 2024 to USD 51.75 billion 2032 at a 12.7% CAGR.
Snapshot
2023 market size: USD 17.12 billion.
Forecast period: 2024–2032 (base value 2024 = USD 19.88 billion; 2032 = USD 51.75 billion).
Compound annual growth rate (CAGR): 12.7%.
Regional highlights
Southeast Asia: Market leader in 2023 with 52.69% share.
United States: Market expected to grow strongly — estimated value USD 3,728.5 million by 2032, driven mainly by rising chronic disease prevalence and an aging population.
Key drivers
Increasing healthcare demand tied to chronic illnesses.
Demographic trends (aging populations) boosting protective and medical glove consumption.
From a 2023 base of USD 17.12B, the disposable gloves market is on a steep growth trajectory — poised to nearly triple by 2032, led by Southeast Asia and with notable expansion in the U.S. driven by healthcare and demographic factors.
This information is provided by Fortune Business Insights, in its report, titled, “Disposable Gloves Market, 2024-2032.”
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Segments:
Natural Rubber Latex Gloves Segment to Hold Considerable Share Owing to Extended Usage in Healthcare Sector
Based on material, the market is segmented into natural rubber latex gloves, nitrile gloves, Polyvinyl Chloride (PVC) gloves, and others.
In 2021, the natural rubber latex gloves segment led the market. Latex gloves are amongst the most expansively used gloves in the market.
Healthcare & Medical Segment to Hold a Significant Share Owing to Growing Demand from Healthcare Amenities
In terms of application, the market is segmented into healthcare & medical, industrial, food industry, and others.
In terms of both volume and value, the healthcare & medical segment characterized the prime share of the market.
Geographically, the market is segregated into North America, Europe, East Asia, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America, and the Rest of the World.
List of Key Players Mentioned in the Report:
Top Glove Corporation Bhd (Malaysia)
Hartalega Holdings Berhad (Malaysia)
Kossan Rubber Industries Bhd (Malaysia)
ANSELL LTD (Australia)
Sempermed (Austria)
Cardinal Health (U.S.)
Supermax Corporation Berhad (Malaysia)
Intco Medical (China)
Bluesail Medical Co., Ltd. (China)
Riverstone Holdings Limited (Malaysia)
YTY Group (Malaysia)
Comfort Rubber Gloves Industries Sdn Bhd (Malaysia)
JIANGSU JAYSUN GLOVE CO., LTD (China)
Kimberly-Clark Worldwide, Inc. (U.S.)
Synthomer plc (U.K.)
3M (U.S)
Report Coverage:
The report offers a holistic review of the market along with current trends and future anticipations to establish proximate investment gains. An in-depth analysis of any upcoming opportunities, threats, competitions or driving aspects is also mentioned in the report. Step by step, thorough regional analysis is offered. The COVID-19 influences have been added to the report to help investors and business owners understand the threats better. The top players in the market are recognized, and their strategies to bolster the market growth are shared in the report.
Drivers and Restraints:
Increasing Implementation of Enhance Industrial Safety and Hygiene Standards to Drive Market Growth
The construction sector is responsible for the prime share of work-related injuries and mortalities among all industries. Owing to the construction, workers' hands are open to unsafe conditions on the working site as insufficient precautionary measures can consequence in mishaps. All of the threats linked with such accidents may be effortlessly reduced to a suitable level by wearing satisfactory PPE on the working site, which comprises gloves. Surging infrastructure and building ventures in the U.S., China, and India are predicted to create a considerable global development prospect for the market growth.
Raw materials, such as latex, utilized in production of disposable gloves is majorly manufactured in Asian nations such as Malaysia and China. The greatly concentrated raw material source suggests that any commotion at the source can considerably affect majorly every shareholder throughout the value chain. This may hamper the disposable gloves market growth.
Regional Insights:
Southeast Asia to Dominate Backed by Rising Demand from Healthcare Sector
Southeast Asia held the largest disposable gloves market share in 2021 and is likely to maintain its position during the forecast period, owing to increasing demand from healthcare sector.
North America is projected to observe growth, owing to the escalating demand from industrial sector. Manufacturing sector in the U.S. has been gradually rising since the start of the pandemic.
North America is estimated to observe growth, owing to increasing demand from the industrial sector. Production sector in the U.S. has been sturdily rising since the commencement of the pandemic.
East Asia is predicted to observe considerable growth rate owing to the upsurge in demand from the food & beverages industry.
Information Source: https://www.fortunebusinessinsights.com/disposable-gloves-market-106777
Competitive Landscape:
Procurement Commenced by Prime Companies to Endorse Market Growth
The dominating players in the market constantly opt for effective strategies to bolster their brand value as well as promote the global market growth. One such proficient strategy is acquiring competitive companies and further securing a profit for both the companies.
Key Industry Development:
January 2021 – Ansell Limited, completed the acquisition of the Primus brand and related assets that consist of the Life Science business belonging to Primus Gloves and Sanrea Healthcare Products (“Primus”). In addition, Ansell and Primus have entered into a long-term supply partnership. Primus is an Indian manufacturer and marketer of gloves sold in the Life Science and Specialty Medical sectors and is one of the few global producers of long cuff gloves with strong brand recognition. This acquisition increases the company’s presence in this important Indian market and provides them with the opportunity to further speed up the growth of their Life Sciences business.
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