Disposable Gloves Market Is Projected to Expand to Value of $29.80 Billion by 2030, Claims Allied Market Research
The global disposable gloves market is experiencing growth due to numerous factors.including an increase in safety and hygiene concerns. technological advances. huge inflows of immigrants. and a growing awareness of hygiene issues among the food industry and health service providers. In 2019. by region, North America accounted for the largest share of the market. contributing to nearly two-fifths of the market revenue.
October 23, 2023 21:30 ET
| Source: Allied Market Research
The global disposable gloves market is experiencing growth due to numerous factors, including an increase in safety and hygiene concerns. technological advances.huge inflows of immigrants.and a growing awareness of hygiene issues among the food industry and health service providers. However, toxic reactions to some disposable gloves and high-cost competition impede market growth. On the other hand, emerging economies and untapped markets would open new opportunities for the market in the future.
Recent Developments in the Disposable Gloves Market
In November 2021. Sri Trang Gloves (Thailand) Public Company Limited (STGT) announced that it is expanding the rubber glove market in the Asian region to support its business expansion plan by setting up a subsidiary in Vietnam for the distribution of rubber gloves.
In September 2021, Sri Trang Gloves (Thailand) Public Company Limited (STGT) announced the launch of natural rubber gloves (powder-free) Model “Spectrum” (Spectrum) in a variety of colors.
In August 2021, Sri Trang Gloves (Thailand) Public Company Limited (STGT) announced the establishment of a company Sri Trang Gloves (Singapore) Co., Ltd. or STGS to take care of the distribution of rubber gloves and manage R&D to increase competitiveness in both production and development of new product innovations.
In January 2021, Ansell Limited announced that it completed the acquisition of the Primus brand and related assets that constitute the Life Science business belonging to Primus Gloves and Sanrea Healthcare Products (“Primus”), and also have entered into a long-term supply partnership
In February 2020, Ansell Limited announced an acquisition of 50% of the issued shares in Careplus (M) Sdn Bhd from Careplus Group Berhad. This acquisition would further strengthen its market presence by increasing its production capacity.
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This report provides a comprehensive overview of the global disposable gloves market, on the basis of type, form, application, and region.
In 2019, this segment contributed to nearly two-fifths of the global disposable gloves market revenue. The report also discusses other segments such as polyethylene gloves, natural rubber gloves, neoprene gloves, vinyl gloves, and others.
On the other hand, in 2019, the medical segment accounted for nearly three-fifths of the global disposable gloves market revenue.
The global disposable gloves market is divided into four important geographic regions: North America, Europe, Asia-Pacific (APAC), and Latin America (LAMEA). In 2019, the disposable gloves market in North America garnered nearly two-fifths of the global disposable gloves market. Furthermore, Asia-Pacific would portray the fastest CAGR of 6.35% during the forecast period.
