Global biodegradable gloves market forecast at $10.2 billion by 2032

Pune, India – The global Biodegradable Gloves Market stands at US$ 1.3 Bn as of now and is expected to reach US$ 10.2 Bn by the year 2032 at a staggering CAGR of 23% between 2022 and 2032 according to Future Market Insights.

Rubber gloves hold the largest market share; as far as gloves market is concerned. Latex products have been known as ‘single-use products’. As such, mass production on this part does result in ever-increasing volumes of rubber solid waste every single year. This actually has more to do with the complexities involved in decomposition of latex/rubber-based products. As an outcome, having a rubber system in conjunction with biomaterials is one of the best alternatives. Bio-Add and various other green additives are used for composing non-rubber latex gloves for accelerating the biodegradation process.

Nitrile disposable gloves are likely to be used at a broad scale in the healthcare sector in the forthcoming period due to abysmal drawbacks followed by nitrile materials’ positive features. Though the pandemic era invoked the necessity of gloves, the post-pandemic era hasn’t kept the end-consumers away from using them with the dictum “Prevention is better than cure”.

Malaysia holds the credit for being the biggest maker of rubber gloves, thereby manufacturing volumes of more than 200 Bn every single year. The country is also known for exporting ~182 Bn gloves in the year 2019, with MARGMA (Malaysian Rubber Glove Manufacturers Association) estimating this figure to reach 240 Bn pieces in the year 2020. The figure never came down after that due to the reasons mentioned above.

Powder-free nitrile gloves and biodegradable gloves are expected to dominate the biodegradable gloves market in the near future in wake of restrictions laid down by the US FDA and also some European regulatory authorities with respect to powdered gloves. Additionally, at workplaces, stern rules have been imposed regarding safety of workers; which is again asking for nitrile gloves. It is a known fact that such gloves do provide better resistance to chemicals and puncture as compared to latex gloves. However, one could get granulomas, respiratory allergic reactions, and inflammation on biodegradable gloves. These factors could restrain the biodegradable gloves market going forward. Future Market Insights has walked through these facts with future perspectives in its latest market study entitled ‘Biodegradable Gloves Market’. It has its team of analysts and consultants to execute, that too, using a bottom-up approach.