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Global Demand for Disposable Gloves to Rise at 5.70% CAGR between 2013 and 2019, Reports TMR

Posted on Sep 02, 2016

The intense competition between Top Glove Corp., Supermax Corp. Berhad, and Kossan Rubber Industries defines the competitive landscape of the global disposable gloves market , finds a report published by Transparency Market Research (TMR). In 2012, these companies together accounted for a share of nearly 40% in the overall market, demonstrating a moderately concentrated landscape.

Over the years, the rivalry between leading participants has intensified as they continue to expand their capacities in order to achieve better economies of scale and the scenario is not likely to change in the near future. The growing demand for latex gloves has led gloves manufacturers to backward integrate for rubber plantations, intensifying the competition within the market.

According to the report, the worldwide market for disposable gloves is likely to reach a value of US$7.8 bn by the end of the forecast period. Natural rubber gloves witnessed a higher demand than other disposable gloves in 2012, holding a share of 39.7%. The trend is anticipated to remain the same over the forecast period.

Capital Support by Governments in Healthcare Industry to Ensure North America’s Dominance

Geographically, the global disposable gloves market registers its presence in North America, Asia Pacific, Europe, and the Rest of the World, notes the research study. North America led the demand for disposable gloves in 2012 with a share of more than 42%. Supported by governments funding in the healthcare industry, the region is likely to continue its leading streak throughout the forecast period.

Asia Pacific is also expected to register a significant growth in the demand for disposable gloves at a CAGR of 6.70% over the forecast period. The growing awareness regarding hygiene, the increasing concerns pertaining to health threats such as SARS and H1N1, and the rising per capita expenditure on healthcare are the key driving forces behind the escalating demand for disposable gloves in this region.

Rise in Healthcare Expenditure to Influence Demand for Disposable Gloves

“The remarkable rise in healthcare expenditure has influenced the demand for disposable gloves significantly,” states an analyst at TMR. With increased disposable income, consumers across the world are willing to spend more on healthcare and related practices.

The proliferation of SARS and H1N1 viruses and the growing awareness pertaining to the risks humans are exposed to due to poor hygiene are encouraging them to adopt good hygiene habits, of which, the usage of disposable gloves is an integral part. The report predicts the demand volume for disposable gloves to rise at a CAGR of 5.70% between 2013 and 2019.

Volatility in Raw Material Prices to Hinder Market Growth 

Despite the benefits disposable gloves offer, their demand is likely to be hindered by the price volatility of raw materials. Rubber and nitrile latex hold almost 50-60% of the overall cost of disposable gloves manufacturing. Managing the volatility in their prices is increasingly becoming a challenging task for market players, which is leading to price fluctuation of final products. This trend may impact the global market negatively in the long run, states the research report. 

The study presented here is based on a report by Transparency Market Research (TMR) titled Disposable Gloves - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019.” 

The report segments the global disposable gloves market as: 

By Product

  • Natural rubber gloves
  • Nitrile gloves
  • Vinyl gloves
  • Others (Neoprene, polyethylene, etc.)

By Application

  • Medical
  • Non-Medical
    • Food
    • Cleanroom
    • Industrial
    • Others

By Region

  • North America
  • Europe
  • Asia Pacific 
  • Rest of the World (RoW)

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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

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