September 29, 2021
According to the research report titled ‘Global Nitrile Gloves Market - Analysis By Outlook Type (Powdered, Powder-Free), Grade (Medical, Industrial), End Users, By Region, By Country (2021 Edition): Market Insights, Covid-19 Impact, Competition and Forecast (2021-2026)’, available with Market Study Report LLC, global nitrile gloves market was worth USD 5069.82 million in 2020 and is expected to witness a notable CAGR over the forecast period 2021-2026.
Growing focus on maintaining hygiene standards, increasing geriatric population, and strengthening health regulations across developing and developed countries are major factors propelling global nitrile gloves market growth. Furthermore, improved health awareness in medical as well as non-medical sectors is also fostering the overall industry demand.
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Notably, the COVID-19 pandemic has caused a phenomenal rise in the usage of gloves in the medical sector. This has led to a shift in technology R&D strategy to further improve production capacity and efficiency. Companies are focusing on developing artificial intelligence systems to boost capabilities by visually screening gloves and using Big Data Analytics to create a feedback loop for continuous quality improvement.
Based on product type fragmentation of global nitrile gloves market, powder free gloves segment is slated to generate optimum returns over 2021-2027, owing to growing demand from end-use sectors such as construction, automotive, healthcare, chemicals, food processing, oil & gas, and others.
Considering grade type, industrial grade segment currently accounts for a higher market share and is slated to follow similar trends over the forecast period.
Geographically speaking, the research literature classifies the industry space into North America (U.S., Canada), Europe (Germany, U.K., Netherland), Asia Pacific (Japan, Malaysia, China), and Latin America (Mexico, Brazil). Of these, North America currently captures a significant chunk of the industry, with Canada leading the regional growth graph.
Major players influencing global nitrile gloves market trends are Owens & Minor Inc., AMD Medicom Inc., Ammex Corp., Synthomer plc, Comfort Rubber Gloves Industries Sdn Bhd., Dynarex Corp., Supermax Corporation Bhd., Ansell Ltd., Hartalega Holdings Bhd., and Top Glove Corp.