Disposable Gloves Market Huge Demand in COVID-19 & growing at a CAGR of 12.4% by 2025

Disposable Gloves

Increased awareness and concern regarding safety and hygiene plays a major role in the growth of the India disposable gloves market.

PORTLAND, OR, UNITED STATES, October 20, 2021 /EINPresswire.com/ -- UPDATE AVAILABLE ON-DEMAND (Disposable Gloves Market to Set New Growth Cycle)

Disposable gloves are widely used in the healthcare and food industries for protection from infections. It acts as a barrier between users and contaminations as well as infectious diseases. The disposable gloves are used in various sectors such as medical, dental, food, chemical, oil & gas, and other industries for preventing cross-contamination. These gloves exhibit outstanding strength, dexterity, and comfort. In addition, these gloves provide chemical resistance and good grip to the users. Latex is a natural material which is extracted from flowering plants. This can also be made artificially by polymerizing a monomer like a styrene, which is emulsified by surfactants. It is used for the production of latex gloves for surgical and physical inspection. Latex gloves are commonly used in healthcare practices and among medical professionals it is a common option. Latex gloves are biodegradable and give high tactile sensitivity and high elasticity.

The India disposable gloves market was valued at $ 303 million in 2017, and is expected to reach $ 760 million by 2025, growing at a CAGR of 12.4% during the forecast period. In terms of volume, the natural rubber gloves segment accounted for more than two-fifth of the total market share in 2017. The report offers a detailed analysis of the key segments, top investment pockets, changing dynamics, market size & estimations, and competitive scenario.

Covid-19 scenario:

1) The economic crisis would not affect the industry much as the disposable gloves operations have not been stopped due to corona virus pandemic.
2) The supply, demand, and manufacturing of disposable gloves has not affected by lockdown as it comes under the category of essential goods.
3) The prolonged lockdown resulted in a disrupted supply chain and increased the prices of raw materials.

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India disposable gloves market is expected to exhibit significant growth during the forecast period due to rise in awareness & concern of safety & hygiene among the population as well as growth in the number of end users. In addition, development of novel approaches and technological advancements further supplement the growth of the India disposable gloves market. However, less number of manufacturing plants and less production capacity in the country are expected to restrain the market growth. On the contrary, the growth in the healthcare sector and increase in healthcare expenditure are anticipated to provide new opportunities for the market players in the near future.

Based on product, the market is classified into natural rubber gloves, nitrile gloves, vinyl gloves, neoprene, polyethylene, and others. The neoprene segment would exhibit the highest CAGR during the forecast period as these gloves have wide usages in medical and non-medical industries. Neoprene gloves are ideally used in the field of agriculture, chemical, cleaning, oil & petrol refining, and cleaning & maintenance. These gloves are resistant to chemicals and more durable than the natural rubber gloves.

Based on the form of disposable gloves, the market is bifurcated into powdered disposable gloves and non-powdered disposable gloves. The powdered disposable gloves segment holds the highest revenue in 2017 and is anticipated to continue its dominance during the forecast period as these gloves contain powder as a lubricant that makes them non-sticky and they are easily available at an affordable cost in the Indian market.

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The Major Key Players Are:

Ansell Limited, Hartalega Holdings Berhad (Gloveon), B. Braun Melsungen AG, Semperit AG Holding, Medline Industries, Inc., MRK Healthcare Pvt. Ltd., RFB Latex Limited, Primus Gloves Private Limited, Kanam Latex Industries Pvt. Ltd., and Asma Rubber Products Pvt. Ltd.

The other players operating in this market include:

Sara Healthcare P Ltd., Vijayalakshmi Health & Surgicals Pvt. Ltd., Dahanu Rubber Gloves Manufacturing Co., Safeshield India Rubber Products Pvt. Ltd., Sara Healthcare Pvt. Ltd., and 3p India.

Key Findings of the India Disposable Gloves Market:

• Based on form, the non-powdered disposable gloves segment is expected to experience rapid growth in the market, and is projected to grow at a CAGR of 15.6% from 2018 to 2025.
• Depending on application, the medical segment by volume was the major contributor in 2017, and is anticipated to continue this trend during the forecast period.
• By distribution channel, the online store segment is estimated to grow at a highest CAGR during the forecast period.
• In terms of volume, wholesaling & direct selling segment holds the highest share in 2017, and is anticipated to continue this trend during the forecast period.

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