Protective Gloves Market

Protective Gloves Market Size (2023-2028):

The Protective Gloves Market size was around USD 11.25 billion by revenue, at the end of 2022 and is anticipated to grow at a CAGR of 8.46 % to reach a total of USD 15.65 billion by 2028.

Drivers in the Protective Gloves Market:

The worldwide industry has experienced rising calls due to different seasonal factors like outbreaks of viral diseases and accidents of emergency response in natural disaster-impacted regions. In addition to that, rising worries over the occurrence of hand wounds in making and construction businesses have contributed highly to industry expansion. The industry has experienced a major increase in calls from the healthcare segment due to seasonal factors like the universality of viral outbreaks and infectious diseases. Rising awareness relating to health and safety measures related to patient treatment and emergency response occurrences has played a major role in driving the need for protective gloves in the healthcare sector. In addition to that, risks related to the on-the-job transferring of germs and bloodborne pathogens are estimated to boost the call for disposable gloves in medical and healthcare care centers. Escalating awareness of disease prevention and customer well-being in the healthcare segment is estimated to drive the industry in the foreseen period. The product call is impacted highly by weather conditions. Rising calls for protection against low temperatures and cut wounds in colder climatic regions is estimated to boost the expansion of the personal protective gloves industry in these regions. Low temperature acts as a favorable condition in tropical regions, driving the call for the protective gloves market throughout the year.

Opportunities in the Protective Gloves Market:

Escalating worry over occupational wounds together with the rising need for durable and chemically resilient personal protective wear throughout high-risk activities in different businesses like oil and gas, metal forming, building, and making, is estimated to boost the call for personal protective gloves in the foreseen period.

Challenges in the Protective Gloves Market:

One of the major challenging factors affecting the expansion of the industrial gloves industry is the presence of the unorganized segment in the vertical. Locally manufactured gloves are employed highly across different industrial sectors, owing to which the major players in the business have to face major competition. 

PROTECTIVE GLOVES MARKET REPORT COVERAGE:

Market Segmentation:

Protective Gloves Market - By Material:

• Latex gloves

• Neoprene gloves

• Leather gloves

• Nitrile gloves

The latex-made gloves are the largest revenue generator in the protective gloves market, followed by nitrile-made gloves. Latex gloves are expected to grow with the highest CAGR in the forecast period, due to their use in healthcare, food & beverage, oil & gas, and Other end-use industries.

Protective Gloves Market - By Type:

• Reusable gloves

• Disposable gloves

The disposable protective gloves are estimated to grow with a high CAGR as they are considerably softer, more comfortable, and most importantly cheaper than reusable gloves.

Protective Gloves Market - By Application:

• Chemical

• Mechanical

• Biological 

The market is expected to escalate due to the chemical applications in the forecast period as they are used for protection against organic and inorganic acids, hydrocarbons, bases, and other hazardous chemicals.

Protective Gloves Market - By End-use

• Healthcare

• Manufacturing

• Food & Beverage

• Oil & Gas

The huge demand from the healthcare end-use industry makes it fast-growing among other industries in the forecast time period. The rising medical standards and improvements in medical procedures are the reason for its leading demand for protective gloves as an end-user industry.

Protective Gloves Market - By Region:

• North America

• South America

• Asia Pacific

• The Middle East and Africa

• Europe

Asia Pacific is expected to be the fastest-growing market in the forecast period, due to its high CAGR, increasing demand for growing industries, and the scope of future opportunities, mainly in developing countries like Japan, India, and China.

North America had the largest market share in the year 2020. The demand for healthcare and chemical applications in the region is the reason for its leading position in the world. Europe has the second-highest market size in 2020 and is expected to have a stable market in the aforementioned forecast period. The Middle East & Africa and Latin America regions, being in the low developing countries due to the contribution of low GDP countries, have fewer chances for industry growth. Hence, the Protective Gloves market in these regions is slow-growing in nature.

Recent Developments:

• Ansell, a leading producer in the condoms market, has purchased protective gloves makers Ringers Gloves in the US for a total of USD 96.2 million. Ringers gloves had a total sales worth USD 34 million.

• Recent studies done by NIOSH say that female nurses neglect the usage of gloves while administering hazardous drugs. This study may revolutionize the use of gloves in the healthcare industry.

Protective Gloves Market key players:

Major companies plying their trade in the Protective Gloves Market include Ansell Healthcare (US), Top Glove Co.(Malaysia), Honeywell International(US), W.W. Grainger(US), SHOWA Corporation (Japan), Superior Glove (Canada), Kimberly-Clark Corporation (US), Shamrock Manufacturing Company Inc. (US), Towa Corporation (Japan), Rubber Sdn Bhd (Malaysia), Protective Industrial Products, Inc. (US), 3M Company (US), Top Glove Corporation Berhad (Malaysia) and Semperit AG Holding (Australia), Hartalega Holdings Berhad (Malaysia), Supermax Corporation Berhad (Malaysia). are the leading shareholders of the Protective Gloves market. These companies are currently focused on expansion strategies to improve their market value and position.