Global Protective Gloves Market 2022-2028

Global Protective Gloves Market 2022-2028

The global protective gloves market is anticipated to grow at a CAGR of 8.9% during the forecast period. Gloves are used in different applications and industries to protect the body parts of the working person especially hands. The market for protective gloves across the globe is growing significantly due to its extensive application in healthcare, construction, and manufacturing sectors, as these gloves (during industrial tasks such as handling caustic chemicals, hot materials, or sharp objects) protects the hands of the workers, as well as make their work more efficient.

The major factors that are driving the growth of the protective gloves market include increasing usage in end-user industries, favorable government policies for the safety of workers, and the adoption of gloves in emerging economies. The protective glove majorly used in industries such as laboratories, research & manufacturing firms, and these industries are rising at a rapid rate in emerging economies such as India and China. Further, technological advancement in terms of the material used in protective gloves for providing proper safety is also contributing significantly to the growth of the market.

Various factors restrain the growth of the protective gloves market includes increasing automation in various industries. Some robotic operations have been introduced in the healthcare and manufacturing industry where there is no need for human interaction, and it reduces the need for protective gloves. Additionally, it added an extra cost to the company hence some companies neglect to provide standard protective gloves where there is no strict government regulation. The risk of allergy may impact the adoption of protective gloves in the country. For instance, natural rubber latex gloves may cause an allergic reaction such as hives, itching, sneezing, and coughing, chest tightness, or a runny nose. The use of natural rubber latex gloves can cause asthma and dermatitis due to which the adoption of protective gloves may limit. FurtherAlthough, the rising demand for disposable gloves in the country is also creating enormous opportunities for the growth of the market in the near future.

Impact of COVID-19 Pandemic on Global Protective gloves Market

The global protective gloves market is hardly hit by the COVID-19 pandemic since December 2021. The pandemic has created an unprecedented demand for healthcare PPE products such as masks, gloves, goggles, face shields, among others.During a pandemic, major players were ramping up the production to try and meet the growing demand. Also, government agencies were relaxing controls to ease supply challenges. The demand for medical gloves is increasing due to the COVID-19 outbreak. The Centers for Disease Control and Prevention has recommended medical gloves for patients who are suspected and confirmed COVID positive. To fight the pandemic the key players were focusing on the manufacturing of personal protective equipment (PPE) products such as face masks, gowns, and gloves for combating the COVID-19. Companies such as 3M, Honeywell international, Kimberly-Clarke Corp, among others are rising to make huge efforts to meet this demand. The market will witness “V” shape recovery in near future owing to the restart of key industries in major economies, and an increase in demand for PPE equipment almost everywhere.

Segmental Outlook

The protective gloves market is segmented based on material, type, and end-user industry. Based on the material, the market is segmented into latex, nitrile, leather, vinyl, neoprene, polyvinylchloride (PVC), polyvinylalcohol (PVA), and others. Further, the other material is segmented into butyl, Viton, and polyethylene. The latex material segment is anticipated to hold considerable market share due to the fact that latex naturally offers chemical resistance against most acids, bases, chlorine, iodine, and formaldehyde. Moreover, the abundance of latex coupled with its low cost in the country is also a major driving factor for the growth of latex gloves. Based on the type, the market is segmented into disposable and non-disposable gloves (reusable). Further, based on the end-user industry, the market is segmented into healthcare, manufacturing, food & beverage, construction, oil & gas, driving and sports, and others (firefighting, military, mining).

Disposable Gloves Segment holds the significant share in the Market

Among the gloves type, the disposable gloves segments held the major share in 2021 and are also anticipated to grow during the forecast period. Disposable gloves are further classified into sterile gloves, chemical handling gloves, surgical gloves, general-purpose gloves, among others. The disposable gloves demand is rising due to growing product demand in various industries such as medical, automotive, chemical, food & beverage, oil & gas, and pharmaceutical industries. The increasing awareness towards the employee's safety and health, and increasing concerns for the skin related disease mainly in an industrial area is fostering the market growth. The technological innovation along with the design of the customized glove catering to a specific business, and strict government regulation regarding safety is hampering the demand for gloves in healthcare, research laboratories, and pharmaceutical industries.

Regional Outlooks

The global protective gloves market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, France, Spain, Germany, and Rest of Europe), Asia-Pacific (India, Japan, China, and the Rest of Asia-Pacific), and the Rest of the World (the Middle East and Africa, and Latin America).North America holds a dominant position in the global protective gloves market in 2021. The increasing awareness about well-being as well as a law mandating the use of safety gloves in various industries is driving the growth of the protective gloves market in the region. String regulations regarding the safety of workers have increased the adoption of the product in the region. The US Department of Labor, and National Safety Council (NSC), has promoted the usage of protective equipment such as masks, gloves, face shields, among others, in high health risk-prone segments to avoid any kind of accidental health damages.

Asia-Pacific is projected to have a considerable share in the global protective gloves market

The Asia Pacific is projected to exhibit the fastest growth in the global protective gloves market over the forecast period. This is mainly owing to rising awareness regarding safety measures at the workplace, an increase in raw material costs, and growing innovation from various glove manufactures. the various healthcare industries in China, India, and Japan are focusing on the development of a technologically advanced solution for the well-being of the healthcare or medical sector. The manufacturers are producing a huge amount of protective equipment in a day in the Asia-Pacific region. For Instance, Top Glove Corp. bhd, a Malaysian-based glove manufacturer company, has a production capacity of 200 million synthetic and natural rubber gloves in a day. Although, due to the COVID-19 pandemic the demand for gloves has increased which led to a shortage of protective gloves in the region.

Market Players Outlook

The key players of the protective gloves market Top Glove Corporation, Hartalega, 3M, Ansell, Comfort Rubber Gloves, Brunzl Distribution USA< LLC, Honeywell International, Jiangsu Jaysun Glove, Marvel Gloves Industries, among others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, geographical expansion, collaborations, and new product launches, to stay competitive in the market. For instance, in December 2021, Protective Industrial Products (PIP) Inc., has acquired Boss Gloves and Safety. This acquisition was done for the selling of assets of Boss manufacturing to PIP. The assets include gloves, boots, and a rainwear business.

The Report Covers

Market value data analysis of 2021 and forecast to 2028.

Annualized market revenues ($ million) for each market segment.

Country-wise analysis of major geographical regions.

Key companies operating in the global protective gloves market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.

Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

Analysis of market entry and market expansion strategies.

Competitive strategies by identifying ‘who-stands-where in the market.