Glove Market by Type (Chemically Resistant Gloves, Cryogenic Gloves, Fabric Gloves), Material (Natural Rubber Latex, Neoprene, Nitrile), Usage Type, End-User - Global Forecast 2024-2030

Glove Market by Type (Chemically Resistant Gloves, Cryogenic Gloves, Fabric Gloves), Material (Natural Rubber Latex, Neoprene, Nitrile), Usage Type, End-User - Global Forecast 2024-2030

The Glove Market size was estimated at USD 19.57 billion in 2023 and expected to reach USD 21.05 billion in 2024, at a CAGR 7.80% to reach USD 33.12 billion by 2030.

The glove market includes various types of gloves catering to diverse industries and applications. These include disposable gloves primarily used in the healthcare, food service, and cleaning industries; protective gloves designed for specific work functions in manufacturing and construction; and fashion or sports gloves that cater to consumer needs. Increasing awareness about safety and hygiene among consumers and industries with stringent regulations from government bodies mandating the use of protective equipment at workplaces is expanding the usage of gloves. Rising demand from healthcare sectors, especially amidst pandemics such as COVID-19, is increasing demand for gloves. Rising raw material costs, including nitrile and latex, and inconsistencies in the quality of imported gloves stemming from diverse international manufacturing standards are hampering market growth. Increasing research & development activities to develop materials and designs that improve comfort, durability, and efficiency is expected to create opportunities for market growth.

Regional Insights



In the Americas region, there is a strong demand for gloves in various sectors, such as healthcare and food services. The aging population in the region has resulted in increased usage of gloves for medical purposes. Additionally, stringent safety regulations concerning worker protection have led to higher adoption of industrial gloves. In EU countries, increasing focus on sustainability is influencing consumers to opt for eco-friendly options such as biodegradable gloves made from renewable materials. Rising awareness regarding cleanroom contamination has grown significantly in the Asia-Pacific region. In recent years, China has witnessed a significant increase in the use of disposable gloves across cleanrooms, driven by the rapid expansion of its electronics, pharmaceuticals, and biotechnology industries. China has taken decisive steps to adopt stringent cleanroom standards in compliance with international norms, which has increased the demand for disposable gloves for cleanroom environments. Countries such as China, India, Japan, South Korea, and Singapore are focused on adopting advanced cleanroom technologies to reduce contamination risks in critical environments across various industries, including pharmaceuticals, biotechnology, and medical device manufacturing.

Market Insights



Market Dynamics



The market dynamics represent an ever-changing landscape of the Glove Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers


Rising awareness about safety and hygiene among consumers and industries
Government regulations and standards for the use of protective equipment at workplaces
Increasing demand for reusable gloves from healthcare sectors

Market Restraints


Fluctuating prices of raw materials for gloves

Market Opportunities


Research & development activities to develop novel materials for gloves
Emerging trends of fashion gloves in the fashion industry

Market Challenges


Inconsistencies in the quality of gloves

Market Segmentation Analysis


Material: Growing usage of neoprene that provides enhanced chemical resistance
Type: Rising demand for cryogenic gloves that offer protection against extreme cold temperatures
Usage Type: Expanding usage of disposable gloves in the healthcare industry for maintaining hygiene
End-User: Increasing usage of gloves in the chemical industry to protect the workforce from exposure to harmful substances

Market Disruption Analysis


Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix



The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Glove Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis



The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Glove Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments




Unigloves Launches New Eco-Friendly Glove Line to Meets the High Standards of Durability and Protection

Unigloves announced the launch of its new, eco-friendly glove range. This innovative lineup meets the high standards of durability and protection, while prioritizing eco-conscious manufacturing processes. By integrating sustainable materials and practices throughout their production, Unigloves demonstrates an unwavering commitment to reducing environmental impact without compromising on quality.


Semperit sells medical business to Southeast Asian glove producer HARPS

Semperit AG Holding entered into an agreement with HARPS GLOBAL PTE. LTD. for the sale of its medical business, Sempermed. As part of the agreement, Semperit AG Holding would continue to provide contract manufacturing services for the buyer, specifically in the production of surgical gloves and packaging at its facilities in Wimpassing, Austria, and Sopron, Hungary. The sales price for this acquisition is set at EUR 115 million, with customary price adjustment mechanisms to be applied upon completion. Additionally, it is expected that an impairment reversal of approximately EUR 30-35 million would be realized upon the successful closure of this transaction.


Watson Gloves Partners with 3M Thinsulate to Launch New Industrial Work Gloves with Sustainable Insulation

Watson Gloves partnered with 3M Company to introduce a new line of industrial gloves. The gloves are made with sustainable insulation, which contains 78% fibers derived from recycled plastic water bottles. Moreover, these gloves have obtained certifications such as Global Recycled Standard and Bluesign/Oeko-Tex certification.

Strategy Analysis & Recommendation



The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Glove Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles



The report delves into recent significant developments in the Glove Market, highlighting leading vendors and their innovative profiles. These include 3M Company, ABB Asea Brown Boveri Ltd, Adidas AG, All-Star Sports, Amazing Gloves Pvt Ltd, Amigo Surgicare Pvt.Ltd., Amkay Products Limited, AMMEX Corporation, Anhui Tianyuan Latex Technology Co.,Ltd., Ansell group, Asma Rubber Products Pvt. Ltd., B. Braun SE, Cardinal Health, Inc., Crown Healthcare Ltd., Everlast Worldwide, Inc., Globus Group, Grays of Cambridge (International) Ltd., HARPS Holdings Berhad, Honeywell International Inc., Hospeco Brands Group, Kanam Latex industries Pvt. Ltd., Kimberly-Clark Worldwide, Inc, Kossan Rubber Industries Bhd, MCR Safety, Medline Industries, LP, Mizuno Corporation, Motex Healthcare Corp., Mölnlycke Health Care AB, Nike, Inc., and Watson Gloves.

Market Segmentation & Coverage



This research report categorizes the Glove Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
Chemically Resistant Gloves
Cryogenic Gloves
Fabric Gloves
Leather Gloves
Metal Mesh Gloves
Material
Natural Rubber Latex
Neoprene
Nitrile
Polyvinyl alcohol (PVA)
Polyvinyl chloride (PVC)
Usage Type
Disposable
Reusable
End-User
Aerospace
Chemical
Consumer Goods & Retail
Food & Breverage
Healthcare & Pharmaceutical
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year