Protective Gloves Market Size to Touch USD 35.20 Billion by 2027; Rising Adoption by Food Processing Industry to Boost Growth, says Fortune Business Insights™

Pune, Aug. 05, 2020 (GLOBE NEWSWIRE) — The global protective gloves market is expected to gain impetus from the rapid growth of various sectors such as food processing, oil & gas, healthcare, chemical, and production facilities. These gloves help to minimize occupational risks of various factors and are a necessity in several industries. A published report by Fortune Business Insights estimates the market to rise at a CAGR of 11.7% between 2020 and 2027. The value of this market as per the report titled, “Protective Gloves Market Size, Share & COVID-19 Impact Analysis, By Product (Disposable Gloves, and Durable Gloves), By Raw Material (Natural Rubber Gloves, Aramid Fiber Gloves, Nitrile Gloves, Neoprene Gloves, Polyurethane, Vinyl (PVC) Gloves, and Leather Gloves), By Application (Healthcare & Medical, Manufacturing, Construction, Food & Beverages, Oil & Gas, Mining, and Others), and Regional Forecast, 2020-2027,”was USD 12.37 billion in the year 2019 and is expected to reach USD 35.20 billion by the end of 2027.https://www.fortunebusinessinsights.com/protective-gloves-market-103369
Meanwhile, Fortune Business Insights is offering special analytical reports on different industries impacted by the COVID-19 pandemic. These reports will help investors study the market in detail and accordingly make strategies for future revenue generation.Please Visit: https://www.fortunebusinessinsights.com/enquiry/covid19-impact/protective-gloves-market-103369 What is the nature of the market and how fierce is the competition?Who are the major players of the market for safety gloves and what are their key strategies?What impact will the COVID-19 pandemic have on the market?What are the current trends in this market?Drivers & Restraints-Growing Application by Food and Beverage Sector to Bolster Growth The surging rate of population and the rapid growth of various industrial setups such as manufacturing industries, food processing, chemical, and oil & gas are the key factors propelling the global protective gloves market growth. In addition to this, the advent of technological advancement into various industries will help add impetus to the growth of the market.On the contrary, factors such as skin issues, namely, rashes, allergies, and others related to the continuous use of protective gloves for long duration may hamper the growth of the market in the forecast period.Nevertheless, the current coronavirus pandemic propelled the imposition of stringent regulations by the governments on employee safety and security. These are likely to create lucrative future growth opportunities for the market in the long run.Segmentation-Healthcare & Medical Segment Bagged Largest Share Attributed to Increasing Use of Medical and Surgical GlovesThe global market for protective gloves was dominated by the healthcare and medical sector in 2019. This is attributed to the outbreak of the COVID-19 pandemic and the increasing use of medical and surgical gloves among the healthcare workers. However, the construction segment earned 19.5% in terms of share 2019 and is likely to showcase significant growth in the coming years on account of the rising infrastructural development, especially in the developing nations.North America Dominated Market Due to Stringent Government Regulations on Gloves and Mask UseRegionally, North America earned a revenue of USD 4.68 billion in 2019 and emerged dominant on account of the rising awareness about the importance of health and stringent impositions on the use of protective products such as masks, sanitizers, gloves, and others. Furthermore, the rising outbreak of pandemics such as Ebola, Swine Flu, Coronavirus, and others are likely to aid in the expansion of the regional market in the coming years.On the other side, the market in Asia Pacific will showcase a notable growth on account of the growing price of raw materials, a rise in the awareness about maintaining safety measures in workplaces, and the improving infrastructure and facility of the healthcare sector.Competitive LandscapeCompanies Forming Strategic Alliances to Maintain Strong FootholdThe competitive landscape of the global protective gloves market is fragmented in nature on account of the presence of many players. The top five companies holding significant shares in the market are Honeywell International, Top Glove, Hartalega, Ansell, and 3M. Key strategies adopted by these players include partnerships, contracts and agreements, and new product launches. The other companies operating in the market for these gloves are engaging in research and development of sustainable and recyclable gloves for gaining a competitive edge in the market.Prominent Industry Developments of this Market are:February 2019 – A safety protection company called Ansell Limited adopted Ringers Gloves for employers working in the general and oil & gas industries for strengthening its position.October 2019 – Riverstone Holdings Limited and Showa Glove Co. engaged in a collaborative agreement for the manufacturing of cleanroom gloves. The main objective behind this partnership is to expand their portfolios in the glove manufacturing market.
List of the Leading Companies Profiled in the Protective Gloves Market Research Report are:Jiangsu Hanvo Safety Product Co., Ltd. (Jiangsu Province, China)Huihong (NANTONG) Safety Products Co., Ltd (Shanghai, China)QS Safety (Shanghai, China)Hartalega Holdings Berhad (Kuala Lumpur, Malaysia)Lalan Group (Pvt) Ltd (Malwana, Sri Lanka)3M (Minnesota, U.S.)Supermax Corporation Berhad (Selangor, Malaysia)Kossan Rubber Industries Bhd (Kuala Lumpur, Malaysia)Showa Glove Co. (New York, U.S.)DIPPED PRODUCTS PLC (Colombo, Sri Lanka)PIP Global (New York, U.S.)Uvex Group (Fuerth, Germany)Globus (Shetland) Ltd. (Manchester, United Kingdom)Honeywell International Inc. (Charlotte, U.S.)Kimberly-Clark Corporation (Delaware, U.S.)Towa Corporation (Kurume, Japan)Superior Gloves (New York, U.S.)ATG- Intelligent Glove Solutions (Sri Lanka)Ansell Ltd. (Melbourne, Australia)Top Glove Corporation Bhd (Shah Alam, Malaysia)Othershttps://www.fortunebusinessinsights.com/checkout-page/103369
IntroductionResearch ScopeMarket SegmentationResearch MethodologyDefinitions and AssumptionsExecutive SummaryMarket DynamicsMarket DriversMarket RestraintsMarket OpportunitiesKey Market TrendsKey InsightsKey Emerging Trends – For Major CountriesKey Developments: Mergers, Acquisition, Partnership, etc.Latest Technological AdvancementInsights on Regulatory ScenarioPorters Five Forces AnalysisPrice Trend AnalysisValue Chain AnalysisQualitative Insights Impact of COVID 19 on Global Protective Gloves MarketSupply Chain ChallengesSteps taken by Government/Companies to overcome this impactPotential opportunities due to COVID-19 outbreakImpact of COVID-19 on End-Use IndustriesTOC Continued…!!!          Get your Customized Research Report: https://www.fortunebusinessinsights.com/enquiry/customization/protective-gloves-market-103369
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