The global gloves market is expected to reach $1,18,508.55 million by 2025, registering a CAGR of 8.6% during 2021-2025.
PORTLAND, OREGON, UNITED STATES, April 10, 2023 /EINPresswire.com/ —
Gloves are a type of hand covering that are worn to protect the hands from the elements, to provide warmth, or to protect them from injury or contamination. Gloves can be made from a variety of materials, including leather, rubber, latex, neoprene, and fabric.
Gloves are commonly used in a variety of settings, including healthcare, food service, construction, and industrial environments. In healthcare settings, gloves are used to prevent the spread of infection and to protect healthcare workers from exposure to bodily fluids. In food service, gloves are used to prevent contamination of food by hands. In construction and industrial settings, gloves are used to protect workers from cuts, punctures, and other hazards.
The global gloves market was valued at $48.0 billion in 2017, and is projected to reach $118.5 billion by 2025, registering a CAGR of 8.6% from 2021 to 2025.
• Current Market Size: USD 48.0 Billion
• Forecast Growing Region: APAC
• Largest Market: North America
• Projection Time: 2021- 2025
• Base Year: 2021
The gloves market is a rapidly growing industry that encompasses a wide range of products for various purposes. From medical gloves to industrial gloves, there is a huge demand for gloves worldwide.
Medical gloves are used in healthcare settings to protect both patients and healthcare workers from infection and cross-contamination. Nitrile, vinyl, and latex gloves are the most commonly used medical gloves. With the ongoing COVID-19 pandemic, the demand for medical gloves has skyrocketed, leading to a shortage of gloves in some regions.
Industrial gloves are used in a variety of settings, such as manufacturing, construction, and automotive industries. These gloves protect workers from injuries, chemicals, and other hazardous materials. Nitrile, PVC, and neoprene gloves are commonly used in industrial settings.
Disposable gloves are widely used in food service and other industries where hygiene is crucial. These gloves are usually made of latex, vinyl, or nitrile and are designed for single-use only. The demand for disposable gloves has increased significantly during the COVID-19 pandemic as more people are using gloves as a preventative measure.
Gloves for Fashion:
Gloves are also popular in the fashion industry, where they are used as an accessory to complement an outfit. Leather, silk, and lace gloves are popular choices for formal occasions, while fingerless gloves are often worn for a more casual look.
Disposable sterile gloves segment is projected to grow at a significant CAGR of 8.5% during the forecast period.
North Americawas the second leading region in the market, accounting for largest share in 2017.
Medical segment was the leading segment in the market, accounting for market share in 2017
Asia-Pacific region is the fastest growing region, contributing the highest share in 2017.
The gloves market is highly competitive, with a large number of players operating at the global and regional levels.
Cardinal Health, INC.,
Honeywell International INC.,
Hartalega Holdings Berhad,
Kossan Rubber Industries BHD,
Rubberex Corporation (M) BERHAD,
Semperit AG HOLDING,
and Top Glove Corporation BHD
Allied Analytics LLP
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Article originally published on www.einpresswire.com as Exploring the Latest Trends and Innovations in the Global Industry
originally published at HUMAN RIGHTS - USA DAILY NEWS 24