Gloves

Gloves

Global Gloves Market to Reach US$130.9 Billion by 2030

The global market for Gloves estimated at US$88.1 Billion in the year 2023, is expected to reach US$130.9 Billion by 2030, growing at a CAGR of 5.8% over the analysis period 2023-2030. Disposable Gloves, one of the segments analyzed in the report, is expected to record a 7.1% CAGR and reach US$91.2 Billion by the end of the analysis period. Growth in the Reusable Gloves segment is estimated at 3.3% CAGR over the analysis period.

The U.S. Market is Estimated at US$23.7 Billion While China is Forecast to Grow at 9.8% CAGR

The Gloves market in the U.S. is estimated at US$23.7 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$29.7 Billion by the year 2030 trailing a CAGR of 9.8% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.9% and 6.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.2% CAGR.

Global Gloves Market - Key Trends and Drivers Summarized

Gloves are indispensable garments designed to cover and protect the hands, with individual sheaths for each finger, including the thumb. They serve various purposes, from offering comfort against temperature extremes to shielding hands from friction, abrasion, chemicals, and disease. Disposable gloves have become crucial in numerous sectors, such as healthcare, food handling, and manufacturing. Over the years, significant innovations have emerged, enhancing the performance and safety of these gloves. These advancements have addressed industry-specific needs, providing users with improved protection and comfort. The global gloves market is experiencing strong growth driven primarily by increasing awareness and demand for personal protective equipment (PPE) across various industries. The healthcare sector, in particular, has seen a surge in the use of medical gloves due to rising healthcare expenditure, a growing geriatric population, and heightened concerns over hospital-acquired infections (HAIs). The COVID-19 pandemic further amplified the demand for disposable gloves, both in healthcare settings and among the general public, due to the necessity of maintaining hygiene and preventing virus transmission. Additionally, stringent regulations and safety standards in industrial sectors such as manufacturing, chemical, and construction are propelling the adoption of protective gloves to ensure worker safety.

Technological advancements and innovations in glove manufacturing are also key drivers of market growth. Manufacturers are increasingly focusing on developing gloves with improved durability, comfort, and functionality to cater to specific industry needs. For instance, the introduction of gloves with enhanced grip, touch sensitivity, and resistance to chemicals and punctures has expanded their applications beyond traditional uses. Innovations in biodegradable and eco-friendly materials are gaining traction as well, responding to environmental concerns and the push for sustainable practices. With increasing environmental awareness, manufacturers have shifted towards alternative materials such as nitrile and compostable plant-based plastics. These eco-friendly options maintain high performance and protection levels while minimizing environmental impact. Nitrile and vinyl gloves, free from latex, have gained popularity due to their excellent barrier properties. Additionally, manufacturers have produced gloves with reduced residual chemicals, further lowering the risk of allergic reactions and making them safer for a broader range of users. Antimicrobial and coated gloves address specific industry requirements, further broadening the scope of disposable glove applications

Moreover, the rise of e-commerce and the expanding distribution networks are making gloves more accessible to consumers and businesses alike. Online platforms offer a wide variety of gloves, catering to diverse requirements, from medical to industrial and household use. The convenience of online shopping, coupled with the ability to compare products and prices, has boosted consumer engagement and market penetration. Furthermore, strategic partnerships and mergers among key players in the gloves industry are enhancing their product portfolios and expanding their market reach, thereby fostering overall market growth.

Select Competitors (Total 259 Featured) -

• Goodtrade Enterprise Sdn. Bhd.
• Helly Hansen AS
• Komaroo Leather Industry
• Mallcom (India) Ltd.
• National Safety Apparel, Inc. (NSA)
• Superior Glove Works Ltd.
• Tempo Glove Mfg., Inc.
• W.G. Eaton Ltd.
• Wah Fung Trading Company
• Wells Lamont Corporation

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