As the economic level of China, the Asia Pacific region and other developing countries rises and people's health awareness grows, the use of disposable health protective gloves in emerging markets is gradually developing.
The developing countries represented by China have huge potential in the protective gloves market due to their large population base and economic and social development, and China's Health and Wellness Commission has standardised the correct and reasonable use of protective equipment such as gloves in the Technical Guidelines for Prevention and Control of Novel Coronavirus Infections in Medical Institutions (Second Edition) (No. 169 of National Health Office Medical Letter [2021]), further accelerating the market demand for disposable gloves. Growth. According to a Frost & Sullivan report, global sales are expected to grow to 1,285.1 billion units by 2025, representing a CAGR of 15.9% (based on a 2019 sales volume of 529 billion units), with nitrile demand growing at a CAGR of approximately 19.8%, offering a promising outlook for the disposable health gloves market demand.
Based on geography, the protective gloves market is segmented into North America, Europe, Asia Pacific and Rest of the World. North America is the largest market for protective gloves. The North American protective gloves market is largely driven by increased safety awareness and regulations mandating the use of protective gloves in various industries. The National Safety Council (NSC) and the U.S. Department of Labor (U.S. Department) promote the use of protective measures in high health risk prone populations to avoid any form of accidental health damage. The Asia-Pacific market is expected to maintain high growth over the forecast period. This is attributed to the increase in construction activity and the growth of the transport and oil and gas industries, particularly in developing countries such as India and China.
According to the "China Protective Gloves Industry Development Trend and Investment Risk Research Report 2022-2027" by CGRP Industrial Research Institute.
The medical device industry is a technology-intensive industry that integrates polymer materials, life sciences, clinical sciences, electronics, machinery and other multi-disciplines. Disposable health protective gloves can be divided into medical grade and non-medical grade according to quality level and usage. Medical grade gloves need to meet the quality certification system or access standards of the target country's medical market and are mainly used in medical examination and medical care; non-medical grade gloves have lower technical specifications and quality standards than medical grade gloves and are mainly used in food processing, electronics and chemicals, household daily cleaning and hygiene, etc. Medical grade gloves are more demanding than non-medical grade gloves in terms of core technical specifications such as pinhole rate, and companies whose production lines are able to consistently produce gloves that meet medical grade requirements at a higher yield usually have a strong competitive edge in the market.
Some of the key players in the protective gloves market are 3M, Ansell, Kosan, Supermax Corporation, Top Glove, Semperit Group, Honeywell International, Lakeland Industries, Kimberly-Clark, Acme Safety, MCR Safety and Towa Corporation, and Rubberex. Latham, N.Y.-based Protective Industrial Products, Inc. a leading provider of hand protection and general safety products, is proud to have acquired the assets of the Boss Glove and PIP also announced plans to fully integrate the consumer side of the Boss Glove and Safety business within West Chester Protective Gear, PIP's retail division.
Generally, medical grade health protective gloves are not cyclical as they are primarily intended for medical consumption essential to the general public, but in recent years there have been outbreaks of demand for medical grade health protective gloves due to global public health events such as influenza, Ebola and Middle East Respiratory Syndrome, particularly since the outbreak of the New Coronavirus, and there have been short-term periods when capacity utilisation for medical grade health protective gloves has not been able to meet Since the outbreak of the New Coronavirus, in particular, there has been a short period of time when the capacity utilisation of medical grade health protective gloves could not meet the global market demand, but with the market adjusting itself, it has gradually returned to normal.
The future of the protective glove industry Policy to speed up the process of standardising glove use
In April 2021, the Chinese Health and Family Planning Commission issued the Technical Guide for the Prevention and Control of New Coronavirus Infections in Medical Institutions (Second Edition), which sets out the scenarios, selection principles and use of disposable gloves for medical personnel. 》, "Technical Guide for the Prevention and Control of New Coronary Pneumonia Epidemic in Food Service Units on a Permanent Basis", etc., which regulate the stockpiling or use of gloves. The promotion of these policies has led to the reasonable wearing of disposable healthy gloves penetrating the hearts of the public and further becoming a good work and living habit, accelerating the development process of the industry.
In 2021, some countries and regions are still severely affected by the New Crown epidemic and the demand for disposable health protective gloves remains strong, coupled with factors such as the blockade in Malaysia, the main producer of products in the same industry, which has caused some orders to shift to the Company. Although the global market supply and demand changed significantly during the reporting period, these shifted orders are expected to be transformed into long-term partners for the Company in the future, thanks to the Company's high quality products and the Company's good reputation among its customers.
At present, global consumption of disposable health protection gloves is mainly concentrated in developed countries and regions such as the United States, Europe and Japan, where countries such as the United States and Japan have specifically enacted relevant laws and regulations governing the mandatory use of disposable health protection gloves in certain specific industries. As emerging markets develop habits and systems for the use of disposable health protective gloves, and as consumption levels increase, the huge population base in emerging markets will bring huge potential for market development.
Protective gloves overview
Protective gloves are considered essential to protect people from infections, burns and injuries. In the pharmaceutical industry, gloves are worn with care to avoid cross-contamination. Protective hand gloves are mainly used in the food and beverage, healthcare, chemical, electrical and automotive industries to ensure the safety of people. Protective gloves protect against hot working conditions. Supportive regulatory guidelines that minimise occupational risks in various industries may facilitate industry expansion and provide manufacturers with strong business prospects.
In addition, the growing focus on disease prevention and consumer well-being in the healthcare sector is key to driving the market over the forecast timeline. Factors such as increased demand from the healthcare sector due to viral outbreaks and infectious diseases. Increasing awareness about health and safety measures related to patient treatment and emergency events is playing a key role in driving the demand for medical protective gloves in the healthcare sector. However, skin allergies due to latex materials may hinder the market. Powdered latex gloves may cause additional health problems due to skin reactions and allergies caused by latex and lubricating powders.
On the basis of material, the market is segmented into latex, nitrile, neoprene and others. The nitrile glove market is likely to see significant growth in the foreseeable timeframe. Nitrile gloves are designed to provide hand protection to employees working in various applications to help protect the wearer from latex allergies. The product demand is increasing due to rising product awareness in the manufacturing industry as a result of strong government norms to reduce worker accidents and maintain hygienic conditions against microbial, bacterial and chemical contamination risks.
This report is a rich and informative source of information for companies and investors in the protective gloves industry as well as local governments to accurately understand the current development dynamics of the protective gloves industry, grasp the development trends of the protective gloves industry and formulate regional industrial plans.
