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Rubber Gloves Market, by Type (Powdered, and Powder Free), by Product Type (Disposable, and Reusable), by Material Type (Nitrile, Latex, Vinyl, and Others), by End-User (Medical & Healthcare, Food & Beverages, Automotive, Machinery, and Others), and by Region (North America, South America, Europe, Asia Pacific, The Middle East and Africa) - Size, Share, COVID Impact Analysis, Growth, Outlook, and Opportunity Analysis, 2020 - 2028

Rubber gloves, commonly referred to as latex gloves, are protective gloves consisting of synthetic materials like nitrile, neoprene, or vinyl or natural rubber. In addition to being widely utilised in food manufacturing and other industries where hand protection is required, they are also frequently used in medical and laboratory settings. Chemicals, blood-borne diseases, and other pollutants can be protected from by wearing rubber gloves. They are a vital component of personal protective equipment (PPE) for employees in laboratories and healthcare professionals because they shield the wearer from contact with infectious materials.
There are many different sizes and designs of rubber gloves, including powder-free versions for those who have latex allergies. They should be regularly changed to guarantee maximum protection because they are often disposable. Rubber gloves are an essential tool for increasing safety, stopping the spread of disease, and reducing contamination in a range of contexts.
In 2020, the Rubber Gloves market was valued at US$ YY million, and it is anticipated to be around US$ YY million by 2027. Over the forecast period, the market is expected to grow at a CAGR of YY%.

Rising demand from healthcare industry, and Stringent regulations are drivers while, environmental concerns is a restraint

The growth in infectious diseases and rising hygienic awareness are driving up the need for rubber gloves in the healthcare sector. Rubber gloves are increasingly in demand in the healthcare industry as a result of the COVID-19 outbreak. For instance, according to a study from the World Health Organisation (WHO) in November 2020, the monthly demand for gloves worldwide increased from 22 million boxes before the pandemic to 129 million boxes.
To guarantee the health and safety of workers, governments around the world are putting severe rules into place. As a result, rubber gloves are now more in demand across a range of sectors, including the food and beverage, pharmaceutical, and chemical industries. For instance, the US government announced intentions to invest $1.7 billion in May 2021 to increase domestic manufacture of essential PPE, like as gloves. Additionally, the largest producer of rubber gloves in the world, Malaysia, witnessed a 30% spike in glove exports in 2020 as a result of the pandemic, according to the Malaysian Rubber Glove Manufacturers Association (MARGMA).
Due to the usage of chemicals and water during the manufacturing process, rubber gloves may have an adverse effect on the environment. As a result, the environmental impact of rubber gloves is now being examined more closely by regulatory agencies and consumers.

Nitrile segment expected to account for significant market share by Material Type segment

The global Rubber Gloves market is mainly classified based on Type, Product Type, Material Type, and End-User. On the basis of type, the market is segmented into powdered, and powder free. Based on the product type, the market is classified into disposable, and reusable. By material type, the market is classified into nitrile, latex, vinyl, and others. On the basis of end-user, the market is categorized into medical & healthcare, food & beverages, automotive, machinery, and others.
On the basis of material type, the rubber glove market is anticipated to be dominated by the nitrile segment. This can be attributed to the growing use of nitrile gloves in a variety of end-use industries, especially in the healthcare industry, due to their superior chemical resistance, excellent durability, and durability against punctures when compared to materials like latex and vinyl. The need for nitrile gloves is also being driven by the rising prevalence of latex allergies among medical personnel and patients.

In order to improve the lack of nitrile gloves in the healthcare sector, governments and organisations have also been making progress. For instance, the U.S. Department of Health and Human Services has given a $1.6 billion contract to six major glove manufacturers, including Top Glove, to enhance nitrile glove production in the country. By making the change, the reliance on imports from other countries will be decreased and medical professionals will always have access to nitrile gloves. Adding to this, Hartalega Holdings Berhad, another major glove producer, has declared plans to make investments in the manufacturing of nitrile gloves in order to grow its market share. The company has also introduced the Hartalega Paloma, its newest nitrile glove, which is built for extended-duration use and enhanced comfort.

Interesting Facts of Rubber Gloves Market

• On the basis of application, the healthcare industry holds the greatest share of the global rubber glove market due to the increased incidence of infectious diseases and growing awareness of personal cleanliness.
• Based in the type, powder-free category is expected to hold the major market share worldwide. Concerns about the harmful health consequences of glove powder and the growing demand for hygiene in a variety of industries, including healthcare, food, and chemical, have greatly raised the demand for powder-free rubber gloves in recent years.
• By product type, the disposable segment is anticipated to hold the majority of the market share in the rubber glove market. For usage in sectors like healthcare, food & beverage, and pharmaceuticals where gloves require to be replaced often to preserve hygiene and avoid contamination, disposable gloves are more practical and safer.
• The majority of the world's supply of rubber gloves comes from Malaysia, which is the leading producer of them. Vietnam, Indonesia, and Thailand are additional significant producers.
• The rubber glove industry has also come under criticism for problems with product quality, labour rights, and environmental effect. Companies have therefore been attempting to enhance their sustainability procedures and solve these issues.

Asia Pacific will account for the largest share of the Rubber Gloves industry

Rubber glove sales are dominated by the Asia Pacific region, owing to rising demand from nations like China, India, and Malaysia. The need for rubber gloves is mostly being driven by the region's high population and expanding healthcare industry. Rubber glove demand is also rising as a result of rising hygienic and safety consciousness in nations like China and India, particularly as a result of the COVID-19 pandemic. Major players in the Asia Pacific rubber glove market have been increasing their production capabilities to keep up with the rising demand. For instance, Top Glove, the biggest rubber glove producer in the world and a Malaysian company, has been increasing its production capacity to keep up with the pandemic's rising need for rubber gloves. The business disclosed in November 2020 that it intended to invest RM1.5 billion (about USD 370 million) on new production lines and improvements to existing ones. To satisfy the rising demand for rubber gloves, other significant businesses including Hartalega Holdings and Kossan Rubber Industries have also declared plans to increase their manufacturing capacities.

Global Rubber Gloves Market key Players:

Some of the major competitors in the global Rubber Gloves market include Adenna LLC, Adventa Berhad (Sun Healthcare), Akzenta International S.A., Ammex Corporation, Ansell Ltd., Atlantic Safety Products, Inc., Berner International GmbH, Clean Q Grip, Gloveler GmbH, Hartalega Holdings Berhad Corporation, Kimberly-Clark Corporation, Mapa Professional, Renco Corporation, and Top Glove Corporation Berhad.
The Rubber Gloves is extremely competitive with aggressive market strategies of global and regional companies looking to strengthen market position through new product launches and facility expansions. The following are some recent market developments:

• Top Glove Corporation Bhd, declared plans to invest $1 billion in capacity development in 2021. The business aspires to satisfy the growing need for rubber gloves in the world, particularly in the wake of the COVID-19 pandemic.
• Primus Gloves, a top producer of speciality gloves for the culinary, healthcare and industrial applications, was acquired by Ansell Limited in January 2021. Ansell's presence in the Asia Pacific area is anticipated to increase as a result of the acquisition.
• One of Malaysia's top producers of nitrile gloves, Hartalega Holdings Berhad, recently disclosed plans to erect a brand-new manufacturing facility in Sepang. The new facility, which will be able to produce up to 44 billion gloves annually, is anticipated to begin operations in 2022.
• Kossan Rubber Industries Berhad said in March 2021 that it has been given a $800 million contract to provide gloves to the United States. The agreement, which is set to last until December 2021, is a component of the business's plan to strengthen its position in the US market.
• Leading Malaysian latex glove producer Supermax Corporation Berhad revealed intentions to erect a new manufacturing plant in Klang, Selangor, in February 2021. Beginning operations in 2022, the new facility will have a yearly production capacity of up to 11 billion gloves.

Frequently asked questions about global Rubber Gloves market

Q: What is the current size of the global Rubber Gloves market?
Ans: The Rubber Gloves market was valued at YY million US$ in 2020 and is projected to reach YY million US$ by 2027, at a CAGR of YY% during the forecast period.

Q: What are the major opportunities in Rubber Gloves industry?
Ans: Growing demand for medical gloves due to COVID-19 and increasing awareness about hygiene are the major opportunities.

Q: What is major growth driving factor for Rubber Gloves industry?
Ans: Increasing healthcare expenditure and rising concern for safety and hygiene is the major driving factor.

Q: Which region is expected to have the largest share of the Rubber Gloves market?
Ans: Asia Pacific region is expected to have the largest share of the Rubber Gloves market?

Q: Which end-user segment will dominate the Rubber Gloves market?
Ans: Healthcare segment will dominate the Rubber Gloves market.