Global disposable gloves market size expected to reach $32.24 billion by 2026

Chicago, IL – A new report from Arizton forecasts that the global disposable gloves market size is expected to reach USD 32.24 billion by 2026, growing at a CAGR of 10.84%. Due to the COVID-19 pandemic, the demand for the examination glove has increased amongst physicians and front-line workers worldwide. As a result, the production cost has gone up immensely, creating an imbalance between demand and supply. The medical industry is the biggest market for vinyl exam gloves. Due to COVID-19, the logistics were affected immensely because country borders were sealed all over the world.

In countries such as China and India, with a population of 1.4 billion and 1.35 billion, a slight increase in glove usage will significantly impact the market. Countries such as Thailand, Indonesia, and Vietnam are top producers of the raw material natural rubber and latex. They were also impacted by a pandemic that caused a delay in supplying raw material to the manufacturers. The usage of disposable gloves in the food industry is also increasing because of the new guidelines to prevent cross-contamination and food poisoning. These act as an effective barrier to decrease microorganisms’ transfer from hand to food. Players focusing on developing new products and growth in production capacity are expected to fuel the market growth over the forecast period of 2021-2026. Europe is likely to hold a significant disposable gloves market share, approximately 31.15%, by 2026.

The global medical gloves market is consolidated, with key players contributing to most of the market share. Key players that dominate the market are Top Gloves, Ansell, Kossan, Hartalega Holdings, Rubberex, and other players. These key players account for more than 65% of the share (Tier I), and the other regional and local players are accounting for the remaining share (Tier II) in the market. Established and emerging players develop or commercialize disposable hand gloves with advanced features such as antimicrobial property, temperature-resistant, and more. For instance, in June 2019, Top Glove launched its Biogreen Biodegradable Nitrile Gloves. Moreover, most of the leading players focus on implementing various strategies such as establishing strategic collaborations, increase R&D investment, new product launches and strengthening their distribution networks, and enhancing their profits, share, and presence in the market.