In this blog post, we will explore the latest statistics and trends in the latex gloves industry. As the demand for personal protective equipment continues to rise, understanding the key figures and insights in the latex gloves sector is crucial for market players and stakeholders. Let’s delve into the data to gain a comprehensive understanding of this dynamic industry.
The Latest Latex Gloves Industry Statistics Explained
The global latex gloves market size was valued at USD 7.36 billion in 2019.
The statistic “The global latex gloves market size was valued at USD 7.36 billion in 2019” indicates the total value of latex gloves sold worldwide in that particular year. This figure highlights the significant market size of latex gloves, showcasing the demand for this product in various industries such as healthcare, food industry, and manufacturing. The monetary value provides insights into the scale and importance of the latex gloves market, suggesting a substantial volume of production and consumption globally. This data can be used by stakeholders, businesses, and investors to understand the market trends, make informed decisions, and strategize for the future.
Europe and North America collectively accounted for 63% of the latex gloves market.
The statistic stating that Europe and North America collectively accounted for 63% of the latex gloves market means that the combined market share of these two regions in the global latex glove industry is 63%. This suggests that the demand for latex gloves is particularly high in Europe and North America compared to other regions around the world. Factors such as stringent regulations on healthcare and safety standards, higher disposable incomes, and a greater awareness of hygiene practices could contribute to the significant market presence of latex gloves in these regions. Additionally, this statistic highlights the importance of Europe and North America as key players in the latex gloves market and underscores the potential for growth and competition within these regions.
The natural rubber segment led the latex gloves market, accounting for more than half of the share in 2019.
This statistic indicates that in 2019, the natural rubber segment held the largest market share within the latex gloves market, surpassing all other segments. The fact that it accounted for more than half of the market share highlights the significant dominance and importance of natural rubber gloves in the industry during that year. This suggests that natural rubber gloves were the most popular and widely used type of latex gloves among consumers and businesses in 2019, making it a key driving force in the overall latex gloves market.
The disposable gloves market, a category that includes latex gloves, is projected to reach USD 18.8 billion by 2027.
This statistic suggests that the market for disposable gloves, encompassing products such as latex gloves, is expected to grow significantly and reach a value of USD 18.8 billion by the year 2027. This projection indicates a robust demand for disposable gloves, likely driven by various factors such as increased awareness of hygiene and safety standards, the growing healthcare industry, and the rise in usage across various sectors including food, pharmaceuticals, and manufacturing. The substantial market size projected for disposable gloves reflects a trend towards heightened emphasis on personal protection and sanitation, underscoring the importance of these products in maintaining health and safety standards in both professional and personal settings.
Ansell Ltd accounted for 12% of the production volume of gloves globally in 2019.
This statistic indicates that Ansell Ltd, a company that produces gloves, had a significant presence in the global market in 2019, accounting for 12% of the total production volume of gloves worldwide. This suggests that Ansell Ltd is one of the major players in the industry, capturing a substantial share of the market compared to its competitors. The high production volume also indicates that Ansell Ltd’s products are likely in demand and well-received by consumers, leading to a strong market position for the company in the global glove industry.
Malaysia is the leading exporter of latex gloves, with a market share of about 62%.
The statistic that Malaysia is the leading exporter of latex gloves, capturing approximately 62% of the market share, indicates the significant global presence and dominance of Malaysia in the latex glove industry. This statistic highlights Malaysia’s strong position in international trade, particularly in the healthcare and medical sectors where latex gloves are essential. The high market share suggests that Malaysia has a competitive edge in terms of production capacity, quality standards, and efficiency in meeting global demand for latex gloves. As a leading exporter, Malaysia plays a pivotal role in supplying latex gloves to various countries, contributing to its reputation as a key player in the global latex glove market.
The latex gloves market is segmented into examination gloves and surgical gloves, with examination gloves as the leading segment.
This statistic indicates that the latex gloves market is divided into two main segments: examination gloves and surgical gloves. Among these segments, examination gloves have emerged as the leading segment in terms of market share and demand. This suggests that there is a higher demand for examination gloves compared to surgical gloves within the latex gloves market. Factors such as the widespread use of examination gloves in medical and healthcare settings for routine examinations, diagnostic procedures, and general patient care may contribute to the dominance of this segment. Understanding this segmentation helps businesses in the latex gloves industry tailor their marketing strategies, product development, and operational focus to cater to the specific needs and preferences of customers within each segment.
The healthcare segment dominated the latex gloves market with over 60% of the global market share in 2019.
This statistic indicates that in 2019, the healthcare segment comprised more than 60% of the total global latex gloves market share. This implies that the majority of latex gloves produced and sold worldwide were used within the healthcare industry, including hospitals, clinics, nursing homes, and other healthcare facilities. The dominance of the healthcare segment suggests a high demand for latex gloves in this industry, likely driven by factors such as infection prevention protocols, hygiene standards, and medical procedures that require the use of disposable gloves. This information underscores the importance of the healthcare sector as a key driver of the latex gloves market and highlights the significance of understanding industry-specific trends and demands in the market.
The global latex gloves market is primarily driven by the medical and healthcare sector representing a 70% market share.
This statistic indicates that the global latex gloves market heavily depends on the demand from the medical and healthcare sector, which accounts for 70% of the market share. The medical and healthcare industries are key drivers of the demand for latex gloves due to their crucial role in maintaining sanitation and preventing the spread of infections in healthcare settings. The high market share held by these sectors suggests that any changes or developments within the medical and healthcare industries can have a significant impact on the overall latex gloves market. As such, suppliers and manufacturers of latex gloves may prioritize catering to the specific needs and requirements of the medical and healthcare sectors to capitalize on this dominant market segment.
The latex gloves market size for the household sector is expected to reach over $500 million by 2023.
The statistic indicates that the market for latex gloves within the household sector is projected to grow significantly, with sales expected to exceed $500 million by the year 2023. This implies a substantial increase in demand for latex gloves used in households for various purposes such as cleaning, gardening, cooking, and personal hygiene. The growth in market size may be driven by factors such as increasing awareness of hygiene practices, health concerns related to infectious diseases, and lifestyle changes influencing consumer behavior. The forecasted figure reflects a positive outlook for the latex gloves industry within the household sector, suggesting a thriving market with potential opportunities for manufacturers and suppliers to capitalize on this growing demand.
The Non-powdered gloves segment dominated the latex gloves market and is projected to grow by 10% from 2020 to 2027.
The statistic indicates that the non-powdered gloves segment has been the leading category within the latex gloves market and is expected to experience a significant growth of 10% from 2020 to 2027. This growth projection suggests a strong market demand for non-powdered latex gloves, likely driven by factors such as increasing awareness about the potential health risks associated with powdered gloves, stricter regulations on glove usage in healthcare and other industries, as well as a preference for non-powdered options among end-users. The dominance and projected growth of the non-powdered gloves segment underscore its importance and potential profitability within the latex gloves market during the specified period.
The global demand for disposable latex gloves was estimated to be over 300 billion units in 2019.
The statistic suggests that the worldwide need for disposable latex gloves surpassed 300 billion units in the year 2019. This indicates a substantial and high demand for such gloves likely driven by various industries, healthcare sectors, food handling, and other applications that require disposable protection. The significant figure reflects the scale of usage and highlights the importance of latex gloves in maintaining hygiene standards and preventing the spread of infections across diverse sectors globally. This statistic underscores the widespread utilization of disposable latex gloves and signals the substantial market size and impact of this product category on a global scale.
Thailand is the world’s largest producer of latex, a necessary raw material for latex gloves.
The statistic that Thailand is the world’s largest producer of latex, a necessary raw material for latex gloves, highlights the significant role that the country plays in the global rubber industry. Latex, a milky fluid extracted from rubber trees, is a crucial component in the production of various rubber products, with latex gloves being one of the most widely used products in healthcare, food processing, and other industries. Thailand’s dominance in latex production can be attributed to its favorable climate for rubber cultivation and a long history of rubber farming expertise. As the leading global supplier of latex, Thailand contributes significantly to meeting the demand for latex gloves and other rubber products worldwide, showcasing its importance in the latex industry.
The global latex gloves market is forecasted to grow at a CAGR of 12.8% in the next five years.
This statistic indicates that the global latex gloves market is projected to experience strong and consistent growth over the next five years, with a Compound Annual Growth Rate (CAGR) of 12.8%. This forecast suggests that the demand for latex gloves is expected to increase steadily year-over-year during this period. Factors such as increasing awareness of hygiene and safety measures, growing healthcare industries, and rising concerns over infectious diseases may contribute to this substantial growth rate. Stakeholders in the latex gloves market, including manufacturers and investors, should take note of this projection as it can inform their strategic planning and decision-making processes in order to capitalize on the anticipated expansion of the market.
The consumption value of latex gloves in the U.S. reached more than $1 billion in 2017.
The statistic indicates that the total amount spent on purchasing latex gloves in the U.S. exceeded $1 billion in the year 2017. This consumption value reflects the high demand for latex gloves in the country during that time period, likely driven by various industries such as healthcare, food service, and manufacturing that require the use of gloves for hygiene and safety reasons. The substantial expenditure on latex gloves demonstrates their importance and widespread usage across different sectors, highlighting the significant economic impact of this product category within the U.S. market in 2017.
In 2020, the latex gloves demand in India was estimated to be over 96 billion units.
The statistic that the latex gloves demand in India was estimated to be over 96 billion units in 2020 highlights the significant and growing need for this essential personal protective equipment in the country. This high demand can be attributed to factors such as increased awareness about hygiene and safety measures, especially in response to the COVID-19 pandemic, as well as the expansion of healthcare services and other industries that require the use of latex gloves. It suggests a substantial market for latex gloves and reflects the importance of ensuring a reliable supply chain to meet the ongoing demand for these essential medical supplies in India.
References
0. – https://www.www.futuremarketinsights.com
1. – https://www.www.prnewswire.com
2. – https://www.www.polarismarketresearch.com
3. – https://www.www.alliedmarketresearch.com
4. – https://www.www.businessinsider.com
5. – https://www.www.gii.co.jp
6. – https://www.www.grandviewresearch.com
7. – https://www.www.researchandmarkets.com
8. – https://www.www.globenewswire.com
9. – https://www.www.adroitmarketresearch.com
10. – https://www.www.fortunebusinessinsights.com
11. – https://www.www.mordorintelligence.com
12. – https://www.www.marketsandmarkets.com
