Global Biodegradable Gloves Market growth might lead it to a substantial US$ 10.2 Billion by 2032, fueled by a 23.0% CAGR | FMI

At a startling CAGR of 23% between 2022 and 2032, the global biodegradable gloves market, currently valued at US$ 1.3 billion, is anticipated to grow to US$ 10.2 billion by the year 2032.

In terms of the market for gloves, rubber gloves have the highest proportion. The term “single-use products” has been applied to latex items. As a result, the mass production of this component results in yearly increases in the amount of rubber solid waste. This actually has more to do with how difficult it is for items made of latex or rubber to decompose. As a result, one of the finest options is to use a rubber system in conjunction with biomaterials. Non-rubber latex gloves are made with Bio-Add and other environmentally friendly additives to hasten the biodegradation process.

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Due to severe drawbacks followed by nitrile materials’ advantageous qualities, nitrile disposable gloves are projected to be widely used in the healthcare industry in the approaching years. Although gloves were necessary during the epidemic, the adage “Prevention is better than cure” hasn’t stopped people from using them in post-pandemic times.

The largest producer of rubber gloves, Malaysia produces more than 200 billion dollars’ worth of rubber gloves annually. Additionally, the nation exported 182 billion pairs of gloves in 2019; according to the Malaysian Rubber Glove Manufacturers Association, this number will rise to 240 billion pairs by 2020. Due to the aforementioned factors, the number never decreased after that.

As a result of limits imposed by the US FDA and some European regulatory bodies with regard to powdered gloves, powder-free nitrile gloves and biodegradable gloves are anticipated to dominate the market for biodegradable gloves in the near future. Furthermore, strict regulations pertaining to employee safety have been implemented at work, which once again calls for nitrile gloves. It is common knowledge that these gloves offer superior chemical and puncture resistance than latex gloves.

However, one could get granulomas, respiratory allergic reactions, and inflammation on biodegradable gloves. These factors could restrain the biodegradable gloves market going forward. Future Market Insights has walked through these facts with future perspectives in its latest market study entitled ‘Biodegradable Gloves Market’. It has its team of analysts and consultants to execute, that too, using a bottom-up approach.

Key Takeaways from Biodegradable Gloves Market:

• North America holds the largest market share due to expansion of pharmaceuticals vertical on the continuous basis coupled with laws enacted by the governments regarding prohibition of latex and powdered gloves all across the US.
• Europe stands second on this count with Germany being the flagbearer. This could be attributed to the fact that the country is turning out to be a popular tourist hotspot. Also, cost-to-quality ratio over here is visibly low.
• The Asia-Pacific is expected to grow at the fastest rate in the biodegradable gloves market. Malaysia and China are ruling the roost. Riverstone, CarePlus, Kossan, Hartalega, and Top Glove are amongst the top 5 companies in Malaysia.

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Competitive Gloves:

• The SHOWA Group, in April 2022, asserted that the single-use nitrile gloves produced by it had received the US FDA 510(k) medical approval.
• Top Glove increased capacity to 70.1 Bn pieces in 2019 (from 60.5 Bn sets in 2018). The company, by the end of the year 2021, the organization intended increasing annual capacity by 30% (to 91.4 pieces).
• SHOWA 6100PF EBT gloves have achieved biodegradation close to 82% in merely 386 days as per ASTM D5526 certification of late.

“The realization that biodegradable gloves don’t cause health hazards is expected to drive the biodegradable gloves market going forward”, says an analyst from Future Market Insights.

Key Market Segments Covered in Biodegradable Gloves Industry Research:

By Product:

• Plain
• Textured

By Usage:

• Re-usable
• Single time use

By Size:

• Small
• Medium
• Large
• Extra Large
• Double Extra Large

By End User:

• Hospitals
• Clinics
• Ambulatory Surgical Centers
• Academic and Research Institute
• Diagnostic Laboratories
• Home care settings

By Region:

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• Middle East and Africa (MEA)

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