Gloves Market 2023 Trends: Technical Points Signs to Grow at a CAGR of 8.6%, Claims AMR

Gloves are an essential accessory for many people, providing protection and warmth for the hands. There are many types of gloves available, from simple cotton gloves to heavy-duty work gloves made of leather or synthetic materials. Gloves can be used for a variety of activities, from gardening to construction work to medical procedures. They can also be fashionable, with a wide range of styles and colors available to suit any outfit. However, it is important to choose the right type of glove for the task at hand, as improper glove use can lead to injury or discomfort. With so many options available, there is a glove for every need.

The global gloves market was valued at $48.0 billion in 2017, and is projected to reach $118.5 billion by 2025, registering a CAGR of 8.6% from 2021 to 2025.

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• CAGR: 8.6%
• Current Market Size: USD 48.0 Billion
• Forecast Growing Region: APAC
• Largest Market: North America
• Projection Time: 2021- 2025
• Base Year: 2021

Key Benefits for Stakeholders

• This report entails a detailed quantitative analysis along with the current global gloves market trends from 2017 to 2025 to identify the prevailing opportunities along with the strategic assessment.
• The gloves market forecast is studied from 2021 to 2025.
• The gloves market size and estimations are based on a comprehensive analysis of key developments in the industry.
• A qualitative analysis based on innovative products facilitates strategic business planning.
• The development strategies adopted by the key market players are enlisted to understand the competitive scenario of the market.

By Region, the Europe is accounted for the largest growth in 2017. This is attributed due to the increase in spread of covid-19 and infectious disease within the European region are expected to drive the growth of the gloves market during the forecast period. In addition, government in the European region favors the use of medical disposable gloves, as these provide superior protection against infections during medical diagnosis or surgeries. Furthermore, rise in health awareness, increase in healthcare income have fueled the adoption of disposable gloves in Europe, which in turn has contributed to the market growth. On the other hand, Asia-Pacific is expected to be the largest growth during the forecast period. Owing to increase in compliance to the standards and presence of large population base are the major contributing factors toward the robust growth of the Asia-Pacific market.

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By industries, the electronics and automotive segment occupied the largest market share in 2017. The growth of the segment is due to factors such as precision electronic components and equipment installation handling.

Key Findings of the Study-

Disposable sterile gloves segment is projected to grow at a significant CAGR of 8.5% during the forecast period.

North America was the second leading region in the market, accounting for largest share in 2017.

Medical segment was the leading segment in the market, accounting for market share in 2017

Asia-Pacific region is the fastest growing region, contributing the highest share in 2017.

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The gloves market is highly competitive, with a large number of players operating at the global and regional levels.

Some of the key players in the market include –

• 3M Company
• Ansell Limited
• Cardinal Health, Inc.
• Honeywell International Inc.
• HARTALEGA HOLDINGS BERHAD
• Kimberly-Clark Corporation
• KOSSAN RUBBER INDUSTRIES BHD
• RUBBEREX CORPORATION (M) BERHAD
• SEMPERIT AG Holding
• Top Glove Corporation BHD

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