The Latest Disposable Gloves Industry Statistics Explained
The global disposable gloves market size was valued at USD 7.6 billion in 2019.
The statistic indicates that the global market for disposable gloves reached a value of USD 7.6 billion in the year 2019. This significant market size reflects the widespread use of disposable gloves across various industries such as healthcare, food service, and manufacturing for hygiene and safety purposes. The high demand for disposable gloves can be attributed to factors such as increasing awareness about infection control, stringent regulations for workplace safety, and the ongoing COVID-19 pandemic which escalated the need for personal protective equipment. The market size serves as a key indicator of the economic importance and growth potential of the disposable gloves industry on a global scale.
The industry is expected to grow at a compound annual growth rate (CAGR) of 14.1% from 2020 to 2027.
The statement “The industry is expected to grow at a compound annual growth rate (CAGR) of 14.1% from 2020 to 2027” indicates that the industry is projected to expand steadily and consistently over the specified time period. A CAGR of 14.1% implies that the industry’s overall growth rate, when compounded annually, is expected to be 14.1% during this timeframe. This statistic suggests a strong and sustainable growth trajectory for the industry, which could be driven by various factors such as increasing demand, technological advancements, or market trends. The CAGR provides a reliable metric for measuring the industry’s growth rate over time, enabling stakeholders to forecast future performance and make informed decisions based on these projections.
North America dominated the market with a share of 36.8% in 2019.
The statistic “North America dominated the market with a share of 36.8% in 2019” indicates that North America held the largest portion of the market compared to other regions during that specific year. The 36.8% market share suggests that a significant proportion of the industry’s activity, sales, or output was concentrated in North America in 2019. This domination could be driven by various factors such as economic strength, technological advancements, consumer demand, or regulatory environment, solidifying North America’s position as a key player in the market landscape for that period.
The U.S disposable gloves market size was valued at USD 1.1 billion in 2019.
The statistic indicates that the total value of the U.S disposable gloves market reached USD 1.1 billion in 2019. This figure represents the revenue generated by the sales of disposable gloves within the United States during that year. Disposable gloves are commonly used in various industries such as healthcare, food service, and manufacturing to maintain hygiene standards and protect against contamination. The market size value of USD 1.1 billion suggests a significant demand for disposable gloves in the U.S market, likely driven by factors such as increasing awareness of hygiene practices, stringent regulations, and the growing emphasis on safety in various sectors. The statistic serves as a key indicator of the market’s financial performance and overall significance within the broader economy.
The nitrile gloves segment held the largest market share of over 60% in 2019.
This statistic indicates that in 2019, among all types of gloves in the market, nitrile gloves had the highest market share, accounting for more than 60% of the total market. This suggests that nitrile gloves were the most widely used or preferred type of gloves in various industries or applications during that time. The high market share of nitrile gloves may be attributed to factors such as their durability, chemical resistance, puncture resistance, and hypoallergenic properties, making them a popular choice among healthcare professionals, laboratory workers, food handlers, and other individuals requiring hand protection.
The Asia Pacific region is anticipated to witness the fastest growth, at a CAGR of over 14%, between 2020 and 2027.
This statistic suggests that the Asia Pacific region is expected to experience substantial growth over the period from 2020 to 2027, with a compound annual growth rate (CAGR) exceeding 14%. This indicates that the region’s economic output or a specific industry within the region is projected to expand rapidly during this timeframe. This growth rate is significantly higher than the global average and indicates strong economic prospects and business opportunities in the Asia Pacific region. Factors such as a large population, growing infrastructure development, rising consumer demand, and increasing investments in innovation and technology could be driving this anticipated growth. Companies looking to expand their operations or investments may find the Asia Pacific region particularly attractive due to its high growth potential.
The medical and healthcare sector held more than 25% revenue share in 2019.
The statistic stating that the medical and healthcare sector held more than 25% revenue share in 2019 indicates that this sector generated a significant portion of overall revenue compared to other industries during that year. The data suggests that the medical and healthcare industry played a crucial role in the economy, potentially driven by factors such as increasing healthcare needs, advancements in medical technology, and a growing aging population. This high revenue share highlights the sector’s importance in contributing to economic growth and stability, as well as the substantial investments and expenditures made in healthcare services and products within that year.
Demand for disposable gloves in healthcare application is expected to witness a CAGR of 10.6% through 2027.
This statistic indicates that the demand for disposable gloves in healthcare applications is projected to grow at a Compound Annual Growth Rate (CAGR) of 10.6% through the year 2027. CAGR represents the smooth annual growth rate of an investment over a specified period, assuming the growth happens at a steady rate. In this context, the CAGR of 10.6% suggests a strong and steady increase in the demand for disposable gloves within the healthcare sector, which may be driven by factors such as increased awareness of infection control measures, rising healthcare expenditure, and the ongoing global health crisis emphasizing the importance of protective equipment. This growth trend signifies a significant market opportunity for glove manufacturers and suppliers catering to the healthcare industry.
Industrial end-use accounted for 20.5% of the overall market share in 2019.
The statistic “Industrial end-use accounted for 20.5% of the overall market share in 2019” indicates that within the market being analyzed, industrial end-users represented approximately one-fifth of total consumption or sales in that year. This suggests that a significant portion of the products or services in that market were utilized by industrial sectors, such as manufacturing or construction. Understanding the specific market dynamics and trends within the industrial end-use category could provide insights into the overall health and direction of the market, as well as potential opportunities for growth or diversification.
The latex gloves segment accounted for a market share of 12.6% in 2019.
The statistic “The latex gloves segment accounted for a market share of 12.6% in 2019” means that out of the total market for gloves in 2019, the portion of latex gloves sales made up 12.6%. This indicates that latex gloves were a significant player in the glove market that year, capturing a notable share of the market. This statistic can be valuable for companies in the glove industry to understand the competitive landscape and market dynamics, helping them make informed decisions on product development, marketing strategies, and overall business operations to capitalize on the popularity and demand for latex gloves.
Vinyl gloves in the U.S market is expected to reach a volume of over 3 billion units by 2026.
The statistic that vinyl gloves in the U.S. market are projected to reach a volume of over 3 billion units by 2026 indicates a significant expected growth in the demand for vinyl gloves in the United States over the coming years. This forecast suggests a strong market trend towards the utilization of vinyl gloves for various purposes such as healthcare, food service, and other industries requiring personal protective equipment. The anticipated increase in volume reflects a growing awareness and emphasis on hygiene and safety standards, particularly in response to recent global health concerns such as the COVID-19 pandemic. This statistic not only highlights the potential market size and opportunities for manufacturers and suppliers in the vinyl gloves industry but also underscores the importance of these products in maintaining public health and safety.
The powder-free product segment accounted for 71.3% of the market share in 2019.
This statistic indicates that the powder-free product segment held a dominant position in the market in 2019, capturing approximately 71.3% of the total market share. This suggests that consumers and industry preferences were leaning towards powder-free products during that time period. The high market share of the powder-free segment implies that there was strong demand for these types of products, which could be driven by factors such as concerns over skin sensitivities, allergies, or hygiene preferences. It also indicates that manufacturers and retailers may have focused more on the production and promotion of powder-free products to cater to this significant proportion of the market, potentially impacting product development and marketing strategies in the industry.
Demand for powdered disposable gloves will register a 4.3% CAGR in terms of volume from 2020 to 2027.
This statistic indicates that the demand for powdered disposable gloves is projected to experience a Compound Annual Growth Rate (CAGR) of 4.3% in terms of volume from 2020 to 2027. A CAGR is a measure used to understand the annual growth rate of an investment over a specified period of time, smoothing out fluctuations in data. In this context, the statistic suggests that the demand for powdered disposable gloves is expected to steadily increase over the seven-year period. This information is valuable for businesses in the glove manufacturing and healthcare industries as it provides insight into potential market trends and opportunities for growth, helping them make informed decisions regarding production and marketing strategies.
Europe accounts for nearly 31% of the global consumption of disposable gloves.
The statistic that Europe accounts for nearly 31% of the global consumption of disposable gloves indicates the significant demand for this product within the region compared to other regions worldwide. This high consumption rate suggests various potential factors contributing to the use of disposable gloves in Europe, such as stringent hygiene regulations, increased awareness of personal protection in healthcare settings, food handling, and other industries. The statistic also implies that Europe likely has a sizable market for disposable gloves manufacturers and suppliers, presenting opportunities for businesses within the region to cater to this demand and potentially expand their market share globally.
Malaysia is the largest producer of nitrile gloves worldwide, with over 60% of the global market share.
This statistic highlights Malaysia’s dominant position in the global nitrile gloves market, as it serves as the largest producer with a substantial market share of over 60%. Nitrile gloves are a popular choice in various industries, including healthcare, food processing, and chemical handling, due to their durability and resistance to chemicals. Malaysia’s success in nitrile glove production can be attributed to factors such as advanced manufacturing technologies, skilled workforce, competitive pricing, and favorable government policies. This statistic reflects Malaysia’s significant contribution to meeting the global demand for nitrile gloves, showcasing its strength in the manufacturing sector and its role as a key player in the global supply chain for personal protective equipment.
The food and beverage sector uses an estimated 20% of the total demand for disposable gloves.
This statistic suggests that within the overall market for disposable gloves, the food and beverage sector is a significant consumer, accounting for approximately 20% of the total demand. This indicates that food and beverage establishments, including restaurants, cafes, food processing facilities, and other related businesses, heavily rely on disposable gloves for various purposes such as food preparation, handling, serving, and hygiene practices. Understanding the proportion of glove usage in different sectors can be valuable for glove manufacturers and suppliers to tailor their products and services to meet the specific needs of the food and beverage industry, as well as for policymakers and researchers to address potential environmental and waste management concerns associated with disposable glove usage in this sector.
China is a major market in Asia contributing to over 61% of the regional market share.
The statistic suggests that China plays a dominant role in the Asian market, accounting for a significant portion of the total market share in the region. With a contribution of over 61%, China not only stands out as a key player but also significantly influences the overall economic landscape of Asia. This indicates that businesses operating in Asia need to pay close attention to the Chinese market in order to understand the trends, dynamics, and opportunities in the region. The statistic underscores the importance of China’s market size and its impact on the broader Asian economy, making it a critical focus for companies looking to expand or establish a presence in the region.
The global market for nitrile gloves is expected to reach USD 3.30 billion by 2023.
This statistic indicates the projected valuation of the worldwide market for nitrile gloves by the year 2023, estimated at USD 3.30 billion. Nitrile gloves are a type of disposable gloves commonly used in healthcare settings, laboratories, food processing industries, and other sectors where hand protection is crucial. The anticipated growth in this market reflects an increasing demand for personal protective equipment, particularly in response to heightened awareness of hygiene and safety in various industries. Factors such as the ongoing COVID-19 pandemic, stringent regulations on workplace safety, and a growing focus on infection control are likely driving forces behind the expected rise in market value for nitrile gloves.
References
0. – https://www.www.gminsights.com
1. – https://www.www.grandviewresearch.com
2. – https://www.www.mordorintelligence.com
3. – https://www.www.marketsandmarkets.com
