Protective Gloves Market - Forecast(2024 - 2030)

Protective Gloves Market Overview

The Protective Gloves Market Size is estimated to reach $30.2 billion by 2027 and it is poised to grow at a CAGR of 4.5% over the forecast period of 2022-2027. Protective gloves are meant to save the user's hands and fingers from unnecessary wounds such as cuts, blisters, splinters, skin punctures or heat and chemical burns. They come under personal protective equipment (PPE). Gloves vary in type depending on the work environment. It is mostly used in healthcare & medical, manufacturing, construction, food & beverages, oil & gas, mining and other industries. Some common types of protective gloves are natural rubber gloves, nitrile gloves, neoprene gloves, polyurethane, vinyl (PVC) gloves and leather gloves. Owing to such industrial application of protective gloves for the safety of the worker and the work environment the demand is growing which drives the growth of the Protective Gloves industry over the forecast period 2022-2027.

Protective Gloves Market Report Coverage

The report: “Protective Gloves Market Forecast (2022-2027)" by Industry ARC, covers an in-depth analysis of the following segments in the Protective Gloves Market.

by Product: Disposable and Durable.
by Raw Material: Natural Rubber Gloves, Nitrile Gloves, Neoprene Gloves, Polyurethane, Vinyl (PVC) Gloves, Leather Gloves and Others.
by Applications: Healthcare & Medical, Manufacturing, Construction, Food & Beverages, Oil & Gas, Mining and Others.
by Geography: North America (the US, Canada and Mexico), Europe (Germany, the UK, France, Italy, Spain, Russia and the Rest of Europe), Asia-pacific (China, Japan India, South Korea, Australia and New Zealand and the Rest of Asi-pacific), South America (Brazil, Argentina, Chile, Colombia and the Rest of South America) and the Rest of the World (the Middle East and Africa).

Key Takeaways

• Geographically, North America held a dominant market share in the year 2021, owing to the growing awareness about the safety of labor and minimizing contamination in products.
• The Protective Gloves Market is predicted to increase due to its growing demand in various industries such as healthcare & medical, manufacturing and construction.
• However, the latex allergy may limit the Protective Gloves Industry's growth over the forecast period 2022-2027.
• A detailed analysis of strengths, weaknesses, opportunities and threats would be provided in the Protective Gloves Market Report.

Protective Gloves Market Segment Analysis - by Product

The Protective Gloves Market based on the product can be further segmented into Disposable and Durable. The Durable segment held a dominant market share in the year 2021. This is due to the growing demand for durable gloves in manufacturing industries as these provide a significant amount of strength. However, disposable gloves are estimated to grow with the fastest CAGR of 5.4% over the forecast period 2022-2027. This is owing to the high demand in the medical, food and pharmaceutical industries. It offers better grip and dexterity and its different colors are useful in color coding applications. Also, it is available in powder and powder-free varieties. Such applications of disposable gloves and their increasing demand drive growth of the Protective Gloves Market share over the forecast period 2022-2027.

Protective Gloves Market Segment Analysis - by Raw Material

The Protective Gloves Market based on the raw material can be further segmented into Natural Rubber Gloves, Nitrile Gloves, Neoprene Gloves, Polyurethane, Vinyl (PVC) Gloves, Leather Gloves and others. The Natural rubber segment held a dominant market share in 2021 due to its extensive use in food processing industries, automotive industries and other various manufacturing industries. It is also lightweight and chemical resistant which keeps workers safe and also minimizes the chances of contamination. Such properties of rubber gloves drive the growth of the Protective Gloves Market share. However, Nitrile gloves are estimated to grow with the fastest CAGR of 6.2% over the forecast period 2022-2027 owing to the attribute of nitrile which is waterproof, greaseproof, oilproof and chemical resistant. Also, it has high demand in the healthcare industry owing to its high durability and high puncture resistance properties. These factors are fueling the growth of the Protective Gloves Market Share over the forecast period 2022-2027.

Protective Gloves Market Segment Analysis - by Geograph

North America held a dominant market share of 32% in the year 2021. This is the result of increasing demand for medical gloves in this region due to a surge in hospitalization. In the financial year 2020, there were a total of 33,356,835 reported cases of hospitalization in the United States as per the American Hospital Association. Such an increasing number of hospitals increases demand for medical gloves and drives the growth of the Protective Gloves Market Size. Furthermore, Asia-pacific is estimated to grow with the fastest CAGR over the forecast period 2022-2027. This is owing to the increased awareness about the industrial safety of workers and strict regulation of government. Also, the presence of key market players in this region and new innovative products launched in the market accelerate the growth of the protective gloves industry. Such factors fuel the growth of the Protective Gloves Market Size over the forecast period 2022-2027.

Protective Gloves Market Drivers

Expanding Healthcare Sector:

Medical and pharmaceuticals are key industries where the use of Protective equipment is compulsory. The use of gloves in the pharmaceutical industry is necessary to avoid contamination of products and to protect patient health. As per the Malaysian Rubber Council, in 2021, Malaysia supply 65% of 294 billion units of gloves in the global market. Such growing demand drives the growth of the Protective Gloves Industry over the forecast period 2022-2027.

Expansion and Collaborations of Key Market Players:

Due to the growing demand for gloves and high competition from existing and new start-up companies, key manufacturers focus on joint collaboration and expansion of business which promotes the growth of the Protective Gloves industry. In May 2022, 3M Company announced to expand its plant in Valley, Nebraska. 3M is investing approximately $58 million to fund the 80,000 sq. ft expansion that would create around 50 new jobs at the facility. Such expansion and collaboration between key market players drive the growth of the Protective Gloves Industry over the forecast period 2022-2027.

Protective Gloves Market Challenge

Latex Allergy of Gloves:

People with sensitive skin or latex allergies avoid the use of latex gloves. Latex allergy causes itchy skin and hives or even anaphylaxis, a potentially life-threatening condition that can cause throat swelling and severe difficulty in breathing. As per the study published in the Indian Dermatology Online Journal in August 2022, from the screening of 1,088 health care workers, a total of 99 reported protein latex allergy and contact dermatitis to rubber additives. Such a growing incidence of gloves allergy may limit the growth of the Protective Gloves Industry over the forecast period 2022-2027.

Protective Gloves Industry Outlook

Product launches, mergers and acquisitions, joint ventures and geographical expansions are key strategies adopted by players in the Protective Gloves Market. The top 10 companies in the Protective Gloves Market are:

1.  Ansell Limited
2. Top Glove Corporation
3. Honeywell International Inc.
4. Supermax Corporation Berhad
5. 3M Company
6. Hartalega Holdings
7. W.W. Grainger, Inc.
8. Kimberly-Clark Corporation
9. Protective Industrial Products, Inc.
10. Youtsugi

Recent Developments

• In April 2022, Top Glove Corporation, entered into a 20-year Power Purchase Agreement with Shizen Malaysia Sdn for the healthcare manufacturer's solar power system. With this PPA, Top Glove’s total solar capacity would increase from 5.34 MWp to 15.47 MWp, saving about 13,000 tonnes of CO2 emissions annually.
• In December 2021, SuperMax Corp announced a major manufacturing facility in Texas to increase glove production. This project would be Supermax’s 18th manufacturing facility worldwide and its first in the US with a total installed capacity of 1.6 billion gloves per month.
• In January 2021, Ansell Limited announced the acquisition of the Primus brand and related assets that constitute the Life Science business belonging to Primus Gloves and Sanrea Healthcare Products. The acquisition increased the company's presence in the market and accelerated growth.

Relevant Titles

Personal Protective Gloves Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast Analysis

Report Code: CMR 17137

 Latex Medical Gloves Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast Analysis

Report Code: HCR 49931

 Global Nitrile Gloves Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast Analysis

Report Code: HCR 1431