Global LATEX & NITRILE GLOVE Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global LATEX & NITRILE GLOVE Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

The latex gloves are made of natural rubber materials. The main reason why people choose to replace latex is that many people suffer from latex allergy. When allergy is not considered, latex gloves have some advantages over nitrile gloves in terms of comfort and flexibility. Nitrile gloves are made of synthetic rubber, which is very suitable for most medical environments and puncture resistant. They are ideal for high-risk situations involving infectious substances, dangerous and corrosive chemicals.

Market Overview:

The latest research study on the global LATEX & NITRILE GLOVE market finds that the global LATEX & NITRILE GLOVE market reached a value of USD 18744.05 million in 2022. It’s expected that the market will achieve USD 15778.17 million by 2028, exhibiting a CAGR of -2.83% during the forecast period.

The downstream demand for Latex & Nitrile Glove has greatly increased.

For the Latex & Nitrile Glove market, the most direct impact is undoubtedly the substantial increase in sales this year. Because of the greater risk of infection with COVID-19 pneumonia virus, people are increasingly aware of the importance of personal protection. Whether you go out to buy daily necessities or buy them through the network platform, you will inevitably come into contact with foreign items, such as supermarket shopping carts, packaging bags, express packing boxes, etc. And there are many things that need to be contacted after returning to work, such as taking buses and elevators. These places may have been touched by patients or suspected patients. Wearing Latex & Nitrile Glove is an effective means to reduce the risk of infection when there is no condition to wash hands at any time.
Second, public areas such as streets, communities, supermarkets and enterprises need daily disinfection treatment. At the same time, almost every household will be disinfected. Because chlorine-containing disinfectants are corrosive and irritating, if they are not properly protected during use, they will cause great irritation to human skin and mucous membranes. Therefore, masks and Latex & Nitrile Glove can be worn during daily disinfection.
Related studies have proved that Latex & Nitrile Glove can effectively prevent COVID-19 pneumonia virus, which makes the world demand for Latex & Nitrile Glove more urgent than ever before. Therefore, the increasing demand for Latex & Nitrile Glove downstream will promote the rapid development of Latex & Nitrile Glove industry.

Wearing Latex & Nitrile Glove may cause latex allergy and other skin reactions

Wearing Latex & Nitrile Glove may cause latex allergy and other skin reactions, such as irritating contact dermatitis-chemicals used in the manufacturing process of gloves, glove powder or sweat may directly stimulate the hand due to mechanical friction on the skin; Allergic contact dermatitis-usually due to allergies to rubber accelerators (chemicals used in rubber production). It may also be attributed to other glove chemicals, such as preservatives, colorants and other additives. Latex allergy-due to allergy to natural rubber latex protein. Because Latex & Nitrile Glove are made of different materials, skin reaction may occur during use, and these factors will affect people's use of Latex & Nitrile Glove.

The convenience of Internet and the development of e-commerce

With the rapid development of e-commerce industry, many industries have developed the synchronous operation mode of online websites and offline stores, and Latex & Nitrile Glove industry have joined in. Online sales websites reduce many business components, including employees, procurement costs, telephone calls, data input, and requirements for opening physical stores, thus reducing transaction costs; Business management becomes easier: compared with traditional physical store management, online sales websites are easier to record store inventory, transportation, logs and overall business transactions. Online sales website also provides real-time update function, which can explore all the latest business trends, communicate with customers in time, solve problems and improve customer satisfaction. Many dealers choose to receive goods online, and orders can be tracked and managed online. The convenience of Internet and the development of e-commerce have promoted the demand growth of Latex & Nitrile Glove industry.

Region Overview:

In global comparison, a significant portion of the revenue was generated in Malaysia (63.7% in 2021).

Company Overview

Hartalega is one of the major players operating in the LATEX & NITRILE GLOVE market, holding a share of 13.03% in 2021.

Hartalega

Hartalega started with single-line business in 1988, and now has become the world's largest manufacturer of nitrile gloves, and is in the leading position in market value, profitability and innovation. Hartalega Holdings Berhad focuses on nitrile gloves, medical gloves, medical devices and manufacturing.

Top Glove

Top Glove Corporation Bhd is the worlds largest manufacturer of gloves, with manufacturing operations spanning across Malaysia, Thailand and China. Top Glove Corporation focuses on glove manufacturing, glove marketing, OEM manufacturing, nitrile gloves, latex gloves and surgical gloves. The company has manufacturing operations in Malaysia, Thailand, Vietnam and China. It also has marketing offices in these countries as well as USA, Germany and Brazil and exports to over 2,000 customers in 195 countries worldwide. Top Glove offers a comprehensive product range, which now includes a non-glove segment comprising condoms, face masks, dental dams, exercise bands and household products, fulfilling demand in both the healthcare and non-healthcare segment.

Segmentation Overview:

By type, Disposable Gloves segment accounted for the largest share of market in 2021.

Disposable Gloves

Disposable gloves are suitable for medical environment, because in this environment, people change gloves frequently. Disposable gloves are usually thinner than Non-Disposable Gloves, which can improve sensitivity. They can prevent mild irritants and chemicals, but usually cannot be used with more severe chemicals.

Non-Disposable Gloves

Non-Disposable Gloves are well suited to withstand more demanding chemicals and are designed to provide maximum durability and strength. Non-Disposable Gloves are usually thicker than disposable gloves, so they tend to sacrifice durability sensitivity and may feel uncomfortable when performing complex tasks. Non-Disposable Gloves may not be suitable for fast tasks, they are designed for longer time and longer use time.

Application Overview:

The market's largest segment by application is the segment Medical, with a market share of 87.83% in 2021.

Key Companies in the global LATEX & NITRILE GLOVE market covered in Chapter 3:

Riverstone Resources
Hartalega
WRP
Zhonghong Pulin
Top Glove
Supermax Corporation Berhad
Kossan
Blue Sail
Semperit
Medline
Ansell
Intco Medical Technology

In Chapter 4 and Chapter 14.2, on the basis of types, the LATEX & NITRILE GLOVE market from 2018 to 2029 is primarily split into:

Disposable Gloves
Non-Disposable Gloves

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the LATEX & NITRILE GLOVE market from 2018 to 2029 covers:

Medical
Industrial
Food
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)