Gloves Market Updates : to Surpass $118.5 Billion by 2025 ; Driven by Rising Concerns for Safety and Hygiene, Growing Number of End Users, and Increase in Rubber Production

According to a new report published by Allied Market Research, titled, "Gloves Market by Type and Industry: Global Opportunity Analysis and Industry Forecast, 2021-2025," the global gloves market was valued at $48.0 billion in 2017, and is projected to reach $118.5 billion by 2025, registering a CAGR of 8.6% from 2021 to 2025.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐑𝐞𝐩𝐨𝐫𝐭 https://www.alliedmarketresearch.com/request-sample/A08867

Gloves play a vital role in protecting hands from various elements like cold, heat, friction, and diseases. Especially during the COVID-19 pandemic, medical gloves have become indispensable for safeguarding against infection spread, both for healthcare professionals and the general public. The surge in demand for disposable gloves due to the pandemic has significantly impacted the industry, prompting key players to expand manufacturing capacities.

Several factors contribute to the growth of the global gloves market, including heightened safety and hygiene concerns, increasing end-user demand, and the rise in rubber production. Additionally, advancements in technology and greater awareness of hygiene among healthcare providers further boost market expansion. However, challenges such as price competition and potential toxic reactions to certain glove materials may restrain growth.

The market segmentation is based on type, industry, and region. Types of gloves include disposable sterile gloves, disposable examination and protective gloves, and consumer gloves. Industries served include medical, hospitality, cleaning, beauty, food and beverage, pharmaceuticals, chemicals, automotive, electronics, construction, and others. Region-wise, North America, Europe, Asia-Pacific, and LAMEA are the key markets.

Disposable sterile gloves, particularly those used in surgical and examination procedures, dominate the market due to their widespread usage in medical settings. In industries, electronics and automotive sectors hold significant market shares, driven by the need for precision handling and equipment installation. Europe leads in market growth, fueled by increased COVID-19 cases and government support for medical glove usage. Meanwhile, Asia-Pacific shows promising growth potential, driven by population size, rising compliance standards, and increasing demand in countries like India and China.

𝐊𝐞𝐲 𝐁𝐞𝐧𝐞𝐟𝐢𝐭𝐬 𝐅𝐨𝐫 𝐒𝐭𝐚𝐤𝐞𝐡𝐨𝐥𝐝𝐞𝐫𝐬
This report entails a detailed quantitative analysis along with the current global gloves market trends from 2017 to 2025 to identify the prevailing opportunities along with the strategic assessment.
The gloves market forecast is studied from 2021 to 2025.
The gloves market size and estimations are based on a comprehensive analysis of key developments in the industry.
A qualitative analysis based on innovative products facilitates strategic business planning.
The development strategies adopted by the key market players are enlisted to understand the competitive scenario of the market.

𝐒𝐩𝐞𝐚𝐤 𝐭𝐨 𝐎𝐮𝐫 𝐀𝐧𝐚𝐥𝐲𝐬𝐭- https://www.alliedmarketresearch.com/connect-to-analyst/A08867

𝐊𝐄𝐘 𝐅𝐈𝐍𝐃𝐈𝐍𝐆𝐒 𝐎𝐅 𝐓𝐇𝐄 𝐒𝐓𝐔𝐃𝐘
Disposable sterile gloves segment is projected to grow at a significant CAGR of 8.5% during the forecast period.
North Americawas the second leading region in the market, accounting for largest share in 2017.
Medical segment was the leading segment in the market, accounting for market share in 2017
Asia-Pacific region is the fastest growing region, contributing the highest share in 2017.

𝐊𝐧𝐨𝐰 𝐌𝐨𝐫𝐞- https://www.alliedmarketresearch.com/gloves-market-A08867

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