Global Nitrile Gloves Market Size and Forecast 2024-2033|Alpha Omega Inc., General Electric Company, Siemens Healthineers AG, NeuroNexus Technologies Inc., Doric Lenses Inc

Closeup shot of scientist putting on protective gloves in a lab

The Nitrile Gloves Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Nitrile Gloves Global Market Report 2024, The nitrile gloves market size has grown strongly in recent years. It will grow from $15.18 billion in 2023 to $16.68 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The growth in the historic period can be attributed to healthcare advancements, rise in healthcare expenditure, occupational safety regulations, increased in pandemic preparedness, globalization of supply chains.

The nitrile gloves market size is expected to see rapid growth in the next few years. It will grow to $24.85 billion in 2028 at a compound annual growth rate (CAGR) of 10.5%. The growth in the forecast period can be attributed to consumer and industry education, geopolitical and economic factors, environmentally friendly solutions, expansion into new industries, cost efficiency and affordability.. Major trends in the forecast period include healthcare industry demand, pandemic-driven demand, preference for nitrile over latex, regulatory standards evolution, hygiene emphasis post-pandemic.

Rising healthcare expenditure is expected to propel the nitrile gloves market going forward. Healthcare expenditure refers to expenditure for family planning, nutrition activities, emergency health aid, and health services. Increasing healthcare expenditure will enable more spending on healthcare products and safety solutions, which will help in the growth of the market. For instance, in November 2023, according to the CIHI, a Canada-based independent, not-for-profit organization, Canada’s total health spending is projected to reach $344 billion in 2023, equivalent to $8,740 per Canadian and constituting 12.1% of the country’s gross domestic product (GDP). Anticipated to grow by 2.8% in 2023, this follows a modest 1.5% increase in 2022. Therefore, the rising healthcare expenditure is driving the nitrile gloves market.

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The nitrile gloves market covered in this report is segmented –

1) By Type: Powder-Free Nitrile Gloves, Powder-Coated Nitrile Gloves

2) By Texture: Smooth, Micro Roughened, Aggressively Textured

3) By Grade: Medical Grade, Industrial Grade, Food Grade

4) By End-Use: Healthcare, Food And Beverage, Automotive, Construction, Oil And Gas, Pharmaceutical, Chemical, Metal And Machinery, Cleanrooms, Other End Uses

Product innovations are a key trend gaining popularity in the nitrile gloves market. Major companies operating in the nitrile gloves market are focused on developing new technological solutions to strengthen their position. For instance, in March 2022, Kimtech, a Georgia-based provider of contamination control solutions and safety products for industries launched a new prizm multi-layered neoprene nitrile glove. The gloves are crafted to protect from a wide range of chemicals and they offer ultra fingertip grip even when wet. The wearer can visually identify mechanical breaches as it comes in the dark violet and dark magenta design and they also reduce the risk of an allergic reaction, as they are made with an accelerator-free donning layer.

The nitrile gloves market report table of contents includes:

1. Executive Summary

2. Nitrile Gloves Market Characteristics

3. Nitrile Gloves Market Trends And Strategies

4. Nitrile Gloves Market – Macro Economic Scenario

5. Global Nitrile Gloves Market Size and Growth

26. South America Nitrile Gloves Market

27. Brazil Nitrile Gloves Market

28. Middle East Nitrile Gloves Market

29. Africa Nitrile Gloves Market

30. Nitrile Gloves Market Competitive Landscape And Company Profiles

Top Major Players: