Disposable Gloves Market Value to Reach US$ 35.81 Billion by 2030

The global disposable gloves market is expected to reach valuation of around US$ 35.81 billion by 2030 and it is estimated to expand at a CAGR of 13% from 2022 to 2030.

The favorable government regulations are driving the growth of global disposable gloves market. For example, the U.S. FDA certifies food handling gloves under title 21 Code of Federal Regulations Part 177, which indicates that the components used in glove production or manufacturing must abide with FDA laws and guarantee that the gloves are made of substances that are safe for utilization in food and food packaging.

The growing awareness of health and hygiene, as well as a shift in focus toward cleanliness and a safe workplace, is pushing the adoption of disposable gloves across different industries, particularly in the food and beverage processing and food service industries around the world. In recent years, increased awareness of numerous health risks caused by exposure to certain toxic chemicals at work and in factories has boosted demand for disposable gloves.

Regional Snapshot

North America is the largest segment for disposable gloves market in terms of region. The U.S. is dominating the disposable gloves market in the North America region. The factors such as growing geriatric population, rising healthcare expenditure, expansion of healthcare and medical sector, and rising awareness about the safety and hygiene are driving the growth of North America disposable gloves market. 

Asia-Pacific region is the fastest growing region in the disposable gloves market. India and China hold the highest market share in the Asia-Pacific disposable gloves market. The growth of disposable gloves market in Asia-Pacific region is attributed to the increasing funding by government and market players for the development of market as well as improving infrastructure of healthcare sector.

Market Dynamics

Drivers

Surge in demand for examination gloves

The Indian Council of Medical Research announced in June 2020 that 877 COVID-19 testing laboratories were using wide range of tests to diagnose COVID-19, including real time reverse transcription polymerase chain reaction and cartridge-based nuclei acid amplification test. The Indian Council of Medical Research now lists 3,011 COVID-19 testing laboratories. The medical examination gloves are in high demand because coronavirus testing necessitates them. 

Restraints

Allergies related with several gloves 

Allergies might develop as a result of direct contact with allergic latex proteins found in latex gloves. As per the American Latex Allergy Association, around 3 million persons in the U.S. were allergic to latex in 2018. As a result, allergies related with several gloves are hindering the growth of global disposable gloves market. 

Opportunities

Growing number of healthcare centers

As per the Organization for Economic Cooperation and Development, Mexico has 4,909 hospitals in 2020, up from 4,707 in 2019. Likewise, the number of hospitals in Columbia has increased. As per the Becker’s ASC Review, there were 5,700 ambulatory surgery centers in the U.S. in 2020, up from 5,369 in 2019. Thus, growing number of healthcare centers is creating lucrative opportunities for the market growth. 

Challenges

Lack of awareness among consumers

The people are aware about gloves such as medical gloves, protective gloves, and examination gloves. Still, there are some proportions of population who is not aware about disposable gloves till date. As a result, lack of awareness among consumers is major hurdle for expansion of disposable gloves market. 

Report Highlights

• On the basis of material, natural rubber segment holds the largest market share in the global disposable gloves market. The natural rubber material is prominently used for manufacturing of disposable gloves because it provides utmost protection to the wearer. 
• On the basis of product type, non-powder segment holds the largest market share in the global disposable gloves market. The growth of non-powder segment is due to the strict government regulations and growing consumer preference for powder-free disposable gloves. 
• On the basis of end use, healthcare & medical segment holds the largest market share in the global disposable gloves market. The avoid spread of certain diseases, the disposable gloves are widely used in healthcare and medical sector. 

Recent Developments

• Ferraris Piston Service Limited introduced a black nitrile disposable glove line in February 2013. These non powder gloves are recommended for usage in industrial and mechanical settings.
• Eagle Protect announced a novel formulation of Teflon like nitrile gloves in February 2018 that were resistant to microorganisms and bacteria, minimizing the danger of cross-contamination in ready to meals. 
• Cardinal Green Labs teamed up with E&K Scientific in June 2017 to start a voluntary lab recycling program at Stanford University. The initiative provides free recycling bins so that waste can be separated at the source. It is estimated that the scheme will save 600 pounds of rubbish out of landfills each bin per year. 

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