Global nitrile gloves market forecast at $70.7 billion by 2034

Pune, India – The global nitrile gloves market is expected to reach US$ 8,617.2 million in 2024. The market is projected to surge at a CAGR of 23.4% in the forecast period of 2024–2034. It is estimated to attain a valuation of US$ 70,755 million by 2034 according to FACT.MR. Expanding healthcare spending, heightened importance of workplace safety, and growing knowledge of infections linked to healthcare are anticipated to propel market expansion. A wide range of personal protective equipment (PPE), including gloves, is in high demand after the COVID-19 epidemic. Healthcare workers frequently use disposable nitrile gloves to prevent contamination. Significant investments in healthcare infrastructure are anticipated from the government following the COVID-19 pandemic, which is expected to boost the nitrile gloves market growth. Healthcare facilities across key emerging nations are predicted to expand significantly due to rising governmental and private sector investments.

The rising aging population and a large migrant inflow are the other factors propelling the market forward. Increasing healthcare costs are expected to support the expansion of the global healthcare sector, which is projected to fuel demand for nitrile gloves during the forecast period.

Nitrile gloves provide several advantages over latex gloves, including a longer shelf life, less friction, and puncture resistance. Throughout the projected period, growing awareness of latex allergies is expected to fuel the nitrile glove market share. Nitrile gloves’ superior resilience to chemicals and punctures compared to latex and vinyl gloves is anticipated to support the market’s expansion.

The cost and availability of raw materials, such as nitrile butadiene rubber (NBR), determine how many nitrile gloves can be produced. Price fluctuations for these raw materials can affect manufacturers’ profit margins and overall production costs. After the COVID-19 pandemic, the nitrile glove sector saw supply chain disruptions. Logistics problems, border limitations, and transportation difficulties are a few factors that affect the timely supply of raw materials and completed goods. The rising demand for nitrile gloves brought about manufacturing capacity issues. Market shortages resulted from manufacturers’ inability to increase output in response to the soaring demand.

The United States nitrile glove market is estimated to record a CAGR of 22.3% through 2034. The United States-based nitrile glove
companies are concentrating on innovation and product development to stand out.
Nitrile glove distribution channels are growing, focusing on e-commerce and internet platforms in the United States. The requirement
for accessible and effective procurement is the driving force behind this change.
As consumers’ expectations for eco-friendly items increase, several firms are investigating ecologically friendly glove production
techniques in response to growing sustainability awareness. Variations in transportation, raw material pricing, and other variables
affect manufacturers’ overall cost structures in the United States. Through mergers and acquisitions, corporations sought to bolster
their positions, increase their production capacity, and diversify their product offerings, which resulted in market consolidation.

Key players in the nitrile gloves industry include Ansell, Unigloves Ltd., Medline Industries, Kossan Rubber Industries Bhd., Avantor,
Hartalega, Blue Sail, Ammex, Kanam Latex, AMY Group, Primus Gloves (P) Ltd., Superior Gloves, MCR Safety, Supermax Corporation
Berhad, and Top Glove Corporation Bhd.