Published Date: 24-Nov-2022
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According to a new report, published by KBV research, The Global Rubber Gloves Market size is expected to reach $16.4 billion by 2028, rising at a market growth of 3.5% CAGR during the forecast period.
The Durable market is experiencing a CAGR of 7% during (2022 - 2028). Gloves designed for use in severe situations, such as oil & gas, construction, chemicals, and vehicles, are designed to be durable. They are reusable several times and offer high durability, strength, decreased waste output, and other environmental advantages.
The Natural Rubber/Latex market is leading the Global Rubber Gloves Market by Material in 2021; thereby, achieving a market value of $7.6 billion by 2028. Because it is utilized in a variety of industries, such as the medical and healthcare industry, the food and processing industry, oil and gas, and the chemical industry, to prevent hand injuries and infections. As a result of the Food and Drug Administration's (FDA's) authorization of the use of latex gloves in chemical handling and medical procedures, the demand for natural rubber and latex gloves is anticipated to expand over the course of the projected period.
The Powder-free market is anticipated to witness a CAGR of 4.1% during (2022 - 2028). The chlorination of these gloves makes them less form-fitting, eliminating the requirement for powder for easy donning and removal. In the approaching years, powder-free gloves are anticipated to be in great demand since they are normally double-chlorinated and easy to do.
The Offline market shows high market share in the Global Rubber Gloves Market by Distribution Channel in 2021; thereby, achieving a market value of $10.4 billion by 2028. It is because these channels offer simple supply chain management, allowing gloves to be manufactured and distributed to end users via wholesalers and retailers. Rapid improvements and innovations in the e-commerce industry will also contribute to segment expansion.
The Medical & Healthcare market acquired maximum revenue in the Global Rubber Gloves Market by End-use in 2021; thereby, achieving a market value of $5.3 billion by 2028. As a result of their broad usage by physicians and patients to minimize cross-contamination and pathogen spreading during medical tests and procedures, they are widely available. In addition, the COVID-19 pandemic increased the need for testing and examination gloves among healthcare personnel.
The Europe market dominated the Global Rubber Gloves Market by Region in 2021; thereby, achieving a market value of $5.5 billion by 2028. The North America market is anticipated to grow a CAGR of 2.9% during (2022 - 2028). Additionally, The Asia Pacific market would witness a CAGR of 4.2% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/rubber-gloves-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Ansell Ltd., Kimberly-Clark Corp., Unigloves Ltd., MCR Safety, Top Glove Corporation Bhd, Hartalega Holdings Berhad, The Glove Company, MAPA Professional, Adenna LLC and Atlantic Safety Products, Inc.
By Distribution Channel
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