Gloves Market to Garner $118.50 Bn, Globally, by 2025 at 8.6% CAGR: Allied Market Research

PORTLAND, Ore., April 14, 2021 /PRNewswire/ -- Allied Market Research recently published a report, titled, "Gloves Market by Type (Disposable Sterile Gloves, Disposable examination and protective gloves, and Consumer gloves), and Industry (Medical, Horeca (food), Cleaning, Beauty, Food and Drinks, Pharmaceutical, Chemical, Automotive, Electronics, Construction, and Others): Global Opportunity Analysis and Industry Forecast 2021–2025". As per the report, the global gloves industry was accounted for $48.01 billion in 2017, and is projected to reach $118.50 billion by 2025, growing at a CAGR of 8.6% from 2021 to 2025.

Major determinants of the market growth

Increase in concerns for safety and hygiene, advancements in technology, rise in awareness about hygiene among healthcare service providers, and growing number of end user and need for gloves have boosted the growth of the global gloves market. However, high price competition and toxic reaction to certain types of gloves hinder the market growth. On the contrary, untapped market in emerging economies is estimated to open lucrative opportunities for the market players in the future.

Download Sample Report at: https://www.alliedmarketresearch.com/request-for-customization/9232?reqfor=covid

Covid-19 scenario:

• The demand for gloves increased during the Covid-19 pandemic due to rise in need for them from food industry to maintain hygiene.
• Due to the Covid-19 outbreak, the demand for gloves as a part of the PPE kit increased for surgical purposes and personal use.
• The increased demand for disposable gloves due to the Covid-19 pandemic, in turn opens opportunities for market players for expanding the manufacturing of disposable gloves.

The disposable examination and protective gloves segment held the largest share

By type, the disposable examination and protective gloves segment dominated the market growth in 2019, accounting for more than three-fifths of the global gloves market. Moreover, the segment is estimated to register the highest CAGR of 8.9% during the forecast period, due to rise in infectious and chronic diseases across the globe such as COVID-19, swine flues, and hepatitis.

The food and drinks segment to manifest the highest CAGR through 2025

By industry, the food and drinks segment would portray the highest CAGR of 12.5% during the forecast period, due to growth of the food industry and rise in restaurants based on various cultures across the globe. However, the medical segment accounted for the highest share in 2019, holding nearly two-fifths of the global gloves market, owing to the wider use of medical gloves in hospitals and surgeries across the globe.

Enquiry for Short-term and Long-term Impacts of COVID-19 at: https://www.alliedmarketresearch.com/purchase-enquiry/9232

Europe, followed by North America, held the lion's share

By region, the global gloves market across Europe, followed by North America, held the largest share in 2019, contributing to around one-third of the market. This is due to surge in medical tourism, and presence of large key players in Europe. However, the market across Asia-Pacific is estimated to register the highest CAGR of 9.4% during the forecast period, owing to surge in imports from the Asian markets.

Major market players

• Ansell Ltd.
• 3M Co.
• Semperit AG Holding
• Cardinal Health, Inc.
• Honeywell International Inc.
• Hartalega Holdings Berhad
• Kossan Rubber Industries Bhd
• Kimberly-Clark Corp.
• Top Glove Corp. Bhd
• rubberex corporation (m) berhad

Avenue Basic Plan | Library Access | 1 Year Subscription |

Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.

Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter

Get more information: https://www.alliedmarketresearch.com/library-access

We have also published few syndicated market studies in the similar area that might be of your interest. Below are the report title for your reference, considering Impact of Covid-19 Over This Market which will help you to assess aftereffects of pandemic on short-term and long-term growth trends of this market.

Similar Reports:

Western Europe Sterile Gloves Market - Opportunity Analysis and Industry Forecast, 2020-2027

India Disposable Gloves Market - Opportunity Analysis and Industry Forecast, 2020-2027

Disposable Medical Masks Market - Global Opportunity Analysis and Industry Forecast, 2020-2027

Medical Nonwoven Disposables Market - Global Opportunity Analysis and Industry Forecast, 2020-2027

Disposable Medical Gloves Market - Global Opportunity Analysis and Industry Forecast, 2020-2027

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): 1-800-792-5285, 1-503-894-6022, 1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
[email protected]
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research 

SOURCE Allied Market Research