Hand Protection Industry | Forecast 2030
Hand Protection Industry Data Book - Disposable Gloves, Disposable Medical Gloves, Nitrile Gloves, Rubber Gloves and Nonwoven Disposable Gloves Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030
The economic value generated by the hand protection equipment market was estimated at approximately USD 23.8 billion in 2022.
Access the Global Hand Protection Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies.
Disposable Gloves Market Growth & Trends
The global disposable gloves market size is expected to reach USD 16,772.4 million by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 3.9% from 2023 to 2030. The high prevalence of the COVID-19 pandemic, particularly in North America and Asia Pacific, is projected to augment the demand for disposable gloves. The COVID-19 pandemic had boosted the demand for disposable gloves, which strained the supply chain, thus creating a shortage in the market. Furthermore, disposable glove manufacturers are expanding their production capacities to meet the growing demand, thereby improving the global supply chain over the past few months.
The rising awareness regarding employee health and safety, along with the increasing industrial fatalities in the emerging economies, is projected to boost the market growth over the forecast period. Technological advancement, coupled with the growing consumer need for disposable gloves in medical operations, is anticipated to complement the market growth. Distributors play a vital role in the market as the product manufacturers are dependent on the distributors to get their products to consumers. Globalization and consolidation of gloves manufacturers are anticipated to have a significant impact on the distributors, which is projected to compel them to broaden their horizons and look beyond the traditional boundaries.
Companies such as Ansell Ltd. and Kimberley-Clark Corporation are carrying out strategic acquisitions, taking advantage of the ongoing COVID-19 pandemic situation. These acquisitions are expected to strengthen these companies’ position in the distribution network in the U.S. and India and extend their product portfolio and sales force to gain a competitive edge over their rivals. The pandemic has prompted market players to rethink their supply chains leading to increased instances of relocating or setting up additional manufacturing facilities in the country where the company is based in order to avoid future bottlenecks. For instance, companies such as Showa Group based in the U.S. are expected to triple their production of nitrile gloves by 2022.
Disposable Medical Gloves Market Growth & Trends
The global disposable medical gloves market size is anticipated to reach USD 12.44 billion by 2030, registering a CAGR of 3.0% over the forecast period, according to a new report by Grand View Research, Inc. The global market is primarily driven by the increasing prevalence of infectious diseases and viral outbreaks coupled with increasing rising expenditure. Factors, such as growing investments in both public & private sectors, an increasing geriatric population, and a high influx of migrants coupled with the increasing healthcare expenditure are expected to boost the healthcare industry growth, which, in turn, will boost the product demand. The adoption of novel practices in the healthcare & medical settings and the development of better medical care products & technologies are projected to drive the demand for healthcare services and the need for modern medical infrastructure.
This, in turn, will drive the market over the years to come. Due to the COVID-19 pandemic, many players adopted automation. The use of robotics in the manufacturing of gloves and other processes, such as packaging and counting, are emerging in the market. For instance, Doka Industrial Automation designed a machine to automate the process from manufacturing to the packaging of gloves. The resurgence of the COVID-19 is expected to increase hospital visits and boost the product demand. Companies are undertaking strategic investments to strengthen their product portfolio. For instance, in March 2021, Hartalega Holdings Berhad bought land in Kedah from Northern Gateway Free Zone Sdn Bhd of 250 acres for USD 55.4 million to expand its manufacturing operations of gloves.
Nitrile Gloves Market Growth & Trends
The global nitrile gloves market size is anticipated to reach USD 10.19 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to expand at a CAGR of 5.7% from 2023 to 2030. The industry is primarily driven by rising healthcare expenditures, the growing importance of safety at workplaces, and a significant surge in protective equipment demand during the COVID-19 pandemic.
Increasing awareness among industry participants regarding the importance of worker safety and security at workplaces, on account of the stringent regulations and high costs associated with workplace hazards, is anticipated to drive market growth. The importance of worker safety has significantly increased owing to the increasing employment in industries across Asia Pacific. The rapid spread of the COVID-19 pandemic is anticipated to increase the demand for nitrile gloves among frontline healthcare workers for testing and examination purposes.
In addition, nitrile gloves have witnessed a substantial increase in demand in the healthcare industry on account of their necessity in various other healthcare and medical applications. Increasing requirement of hand protective equipment by healthcare professionals during the COVID-19 pandemic in 2020 has boosted the demand for nitrile gloves across the globe. Hence, manufacturers such as Top Glove Corporation Bhd and Kossan Rubber Industries Bhd had to increase their manufacturing capacity to match global demand.
Rubber Gloves Market Growth & Trends
The global rubber gloves market size is expected to reach USD 18.28 billion by 2030, according to a new report by Grand View Research, Inc, expanding at a CAGR of 3.9% over the forecast period. Rising government spending on healthcare in countries, such as Germany, Italy, India, Australia, and the U.K., is likely to boost industry expansion over the forecasted period. The global COVID-19 pandemic augmented the need for Personal Protective Equipment (PPE), such as gowns, gloves, face shields, and masks. Governments from across the world are coordinating with rubber glove makers to ensure enough supply in the market and avoid future virus spread.
Rising product usage in industries, such as automotive, oil & gas, construction, clean room, metal & equipment, and chemicals, is driving the industry growth. This is due to the presence of strong rules governing worker safety in numerous nations, such as the Occupational Safety and Health Administration (OSHA), as well as the high expenses associated with workplace dangers. The product demand is predicted to increase as more food & beverage sector operators, such as bakeries, packaged goods, and restaurants, focus on making their products free of direct touch. This can be related to increased consumer awareness about food hygiene and the prevention of illnesses caused by food deterioration and misuse.
Increasing awareness among industry participants regarding the importance of worker safety and security at workplaces, on account of the stringent regulations and high costs associated with workplace hazards, is anticipated to drive industry growth. The importance of worker safety has significantly increased owing to the growing employment in industries across the Asia Pacific and the Middle East regions. Manufacturers in the market are seeking collaborations, mergers, and acquisitions to expand their product lines and increase production capacity. They are also focusing on increasing their manufacturing facilities to accommodate rising demand from critical end-use industries, such as oil & gas, healthcare, and pharmaceutical.
Order your copy of the Free Sample of “Hand Protection Industry Data Book - Disposable Gloves, Disposable Medical Gloves, Nitrile Gloves, Rubber Gloves and Nonwoven Disposable Gloves Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030” Data Book, published by Grand View Research
Nonwoven Disposable Gloves Market Growth & Trends
The global nonwoven disposable gloves market size is anticipated to reach USD 1.72 billion by 2030, registering a CAGR of 8.7% from 2023 to 2030, according to a new report by Grand View Research, Inc. The market is expected to witness significant growth on account of the rising product demand from the healthcare industry including hospitals, nursing homes, and home healthcare. Furthermore, an increasing geriatric population across the developed nations is expected to drive the demand for healthcare spending over the forecast period, thereby resulting in industry growth. The global demand for these products is driven by increased healthcare spending as well as growing consumer awareness related to the transmission of pathogens through healthcare workers who are in contact with blood and other body fluids.
Pre-soaped and non-soaped, soft nonwoven disposable gloves are primarily used in medical applications for the professional cleaning of body parts. Non-soaped disposable gloves emerged as the leading segment for their applications in household commercial cleaning and spa applications. The main drivers of increased demand for nonwoven disposable gloves are the high incidence of chronic diseases and hospitalization rates. Growingconsumer awarenessabout the seriousness of diseases and environmental issues is another factor driving product demand. The growing geriatric population is also contributing to arise in hospitalizations, which raises the need for hygiene supplies, such as disposable gloves, to prevent infection.
Chemo Graded Nitrile Powder-free Medical Examination Gloves Market Growth & Trends
The global chemo graded nitrile powder-free medical examination gloves market size is expected to reach USD 611.6 million by 2030, expanding at 10.5% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. The market demand for chemo-graded nitrile powder-free medical examination gloves is likely to increase due to the rising incidence of cancer cases globally. Furthermore, according to WHO, cancer facilities accounted for almost 10 million fatalities in 2020, or roughly one in every six deaths, propelling projected market rise in the coming years.
According to the American Cancer Society, the population's expansion and aging are anticipated to cause 16.3 million cancer deaths and 27.5 million new cases of cancer worldwide by 2040. The burden is expected to increase in the future as a result of risk factors like smoking, eating poorly, being inactive, and having fewer pregnancies in developing countries. Over the projection period, the aforementioned reasons will fuel market demand.
Competitive Landscape
Key players operating in the hand protection industry are –
- Hartalega Holdings
- Berhad Superior Gloves Adenna LLC
- MCR Safety
- Atlantic Safety Products, Inc.
- Ammex Corporation
- Kimberly-Clark Corporation
- Sempermed USA, Inc.
- Cardinal Health
Grand View Research’s hand protection Industry data book is a collection of market sizing information & forecasts, regulatory data, reimbursement structure, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.
Check out more Industry Data Books, published by Grand View Research
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: [email protected]
Web: https://www.grandviewresearch.com/sector-reports-list
