Categories: Metal & Construction

Rubber Gloves Market Forecast 2024-2033: Growth Rate, Drivers, And Trends

The Rubber 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 Rubber Gloves Global Market Report 2024, The rubber gloves market size has grown rapidly in recent years. It will grow from $22.91 billion in 2023 to $26.48 billion in 2024 at a compound annual growth rate (CAGR) of 15.6%. The growth in the historic period can be attributed to health and hygiene awareness, medical and healthcare industry growth, food industry regulations, occupational safety standards, pandemic preparedness.

The rubber gloves market size is expected to see rapid growth in the next few years. It will grow to $48.8 billion in 2028 at a compound annual growth rate (CAGR) of 16.5%. The growth in the forecast period can be attributed to rising standards in food safety, expansion of the healthcare sector, increased focus on infection control, occupational safety practices, technological innovations in material science. Major trends in the forecast period include expansion of usage beyond healthcare, sustainability initiatives in glove production, customization for specialized applications, strategic partnerships and collaborations, regulatory compliance and quality assurance.

An increase in the usage of gloves in numerous surgeries is expected to propel the growth of the rubber glove market going forward. Gloves refer to hand coverings made with a separate part for each finger and for the thumb. Rubber gloves help physicians or surgeons avoid direct contact with body fluids such as blood, urine, feces, mucous membranes, or surgical equipment during surgeries. For instance, in April 2021, according to the statistics published by the American Society of Plastic Surgeons, a US-based plastic surgery specialty organization, a total of $6.9 million in reconstructive surgical procedures were performed, which was 3% more than that performed in 2019, at $6.7 million. Therefore, an increase in the usage of gloves in numerous surgeries is driving the rubber glove market.

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The rubber gloves market covered in this report is segmented –

1) By Type: Powdered, Powder Free

2) By Material: Natural Rubber/Latex, Nitrile, Neoprene, Other Materials

3) By Product: Disposable, Durable

4) By Distribution Channel: Online, Physical

5) By End-User: Medical And Healthcare, Automotive, Oil And Gas, Food And Beverage, Metal And Machinery, Chemical And Petrochemical, Pharmaceutical, Cleanroom, Other End-User

Major companies operating in the rubber gloves market are developing new products such as biodegradable gloves to gain a competitive edge in the market. Biodegradable gloves refer to disposable gloves that are designed to break down naturally into harmless components when exposed to environmental conditions. For instance, in May 2023, Cranberry International Sdn. Bhd., a Malaysia-based personal protective solutions company, launched the Bio Nitrile Biodegradable Nitrile Powder Free Examination Gloves, addressing the increasing demand for environmentally sustainable healthcare products. These gloves incorporate a unique additive, facilitating microbial activity in landfills and achieving up to 90% biodegradation within 1.5 years, while still surpassing ASTM standards for strength and durability. Positioned as a significant breakthrough in the healthcare industry, Cranberry’s Bio Nitrile gloves offer eco-friendly benefits without compromising protection, making them ideal for medical and dental examinations.

The rubber gloves market report table of contents includes: