Gloves Market : Innovations and Future Outlook 2025 | CAGR 8.6% , Report

Allied Market Research 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.” 

According to the report, the global gloves industry was estimated at $11.46 billion in 2017, and is anticipated to hit $35.02 billion by 2025, registering a CAGR of 10.3% from 2021 to 2025.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 Copy of Report www.alliedmarketresearch.com/request-sample/9232

Market growth is driven by heightened concerns for safety and hygiene, a rising number of end users, and an uptick in rubber production. Additionally, advancements in technology and increased awareness of hygiene among healthcare service providers are poised to further stimulate the market. Nonetheless, market growth may face obstacles in the form of intense price competition and potential toxic reactions to specific gloves. Conversely, the untapped potential of developing economies presents a promising growth opportunity for the market in the foreseeable future.

Regional Analysis

In 2017, Europe emerged as the leading region in terms of growth, primarily driven by the surge in the spread of Covid-19 and infectious diseases within the European territory, which is anticipated to propel the gloves market throughout the forecast period. The European government’s preference for medical disposable gloves, acknowledged for their superior protection against infections during medical procedures and surgeries, further contributes to this growth. Additionally, the increasing health awareness and higher healthcare income in Europe have led to a widespread adoption of disposable gloves, positively impacting market expansion. Conversely, the Asia-Pacific region is poised to witness the most significant growth in the forecast period. This is attributed to the region’s heightened adherence to standards and the presence of a substantial population base, both acting as pivotal factors fostering robust market growth in Asia-Pacific.

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.

 

For Purchase Enquiry at: www.alliedmarketresearch.com/purchas…quiry/9232

 

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 Americawas 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.

Key players in the industry-

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

 

Other Trending Reports in Life Science Domain Nasal Polyps Treatment Market https://www.alliedmarketresearch.com/nasal-polyps-treatment-market-A13674 Advanced Clinical Decision Support Platforms Market https://www.alliedmarketresearch.com/advanced-clinical-decision-support-platforms-market-A13100