LONDON--(BUSINESS WIRE)--The gloves market is poised to grow by USD 8.02 billion during 2020-2024 progressing at a CAGR of almost 9% during the forecast period. The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment.
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The report on the gloves market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis. The market is driven by the increase in rubber production. Countries such as Cambodia, China, India, Indonesia, Malaysia, Papua New Guinea, the Philippines, Singapore, Sri Lanka, Thailand, and Vietnam account for almost 90% of global rubber production. These countries have been witnessing a steady growth in rubber production over the years. For instance, natural rubber production in India grew by 9.5% in 2019. This is positively influencing the growth of the market in focus. Also, the study identifies extreme weather conditions as one of the prime reasons driving the gloves market growth during the next few years.
The gloves market analysis includes the product and geography landscape. Based on the product, the market saw maximum growth in the disposable gloves segment in 2019. The growth of the segment can be attributed to the rise in the prevalence of epidemics worldwide. In addition, the increasing use of disposable gloves in cleanroom technology applications is contributing to the growth of the segment.
Similarly, North America led the market with a 34% share in 2019. The strong growth of end-user industries such as food services, biotechnology, and pharmaceuticals is one of the key factors driving the demand for gloves in North America. In addition, the rising consumer awareness about safety and hygiene has further fueled the growth of the gloves market in North America.
This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.
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The gloves market covers the following areas:
Gloves Market Sizing
Gloves Market Forecast
Gloves Market Analysis
Companies Mentioned
- 3M Co.
- Ansell Ltd.
- Atlantic Safety Products Inc.
- Globus (Shetland) Ltd.
- Hartalega Holdings Berhad
- Honeywell International Inc.
- Kimberly-Clark Corp.
- Kossan Rubber Industries Bhd
- The Glove Co.
-
Top Glove Corp. Bhd
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Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Key Topics Covered:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five force summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Disposable gloves - Market size and forecast 2019-2024
- Reusable gloves - Market size and forecast 2019-2024
- Market opportunity by Product
Customer Landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- 3M Co.
- Ansell Ltd.
- Atlantic Safety Products Inc.
- Globus (Shetland) Ltd.
- Hartalega Holdings Berhad
- Honeywell International Inc.
- Kimberly-Clark Corp.
- Kossan Rubber Industries Bhd
- The Glove Co.
- Top Glove Corp. Bhd
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
