The global rubber glove market is expected to increase to US$22.1 billion in 2027

2021/03/08

According to a report released by Grand View Research, Inc, the global rubber glove market is expected to grow to US$22.1 billion in 2027, and the compound annual growth rate from 2020 to 2027 is expected to be 14.7%.

 

With the outbreak of the new crown pneumonia in 2020, the demand for personal protective equipment such as gloves, masks, protective masks, isolation clothing, etc. has increased. The governments of Germany, Italy, India, Australia, and the United Kingdom have continuously increased their expenditures in the field of health and hygiene, which has strongly promoted the growth of the rubber glove market.

 

The increasing awareness of labor protection in various countries has stimulated the consumption of rubber gloves in the labor insurance market in the fields of automobiles, oil and gas, construction, metal machinery, and chemicals.

 

In addition, consumers are paying more and more attention to food hygiene. In order to avoid direct contact with food, the demand for rubber gloves in the catering industry, such as baking, food packaging, and restaurants, is also increasing.

 

Natural rubber gloves are widely used in medical, catering and other industries due to their high elasticity, chemical resistance and other excellent properties. In 2019, they accounted for 41.2% of global rubber glove revenue. Analyzed by product type, disposable gloves have low production costs and have the characteristics of one-time use in medical examinations, which can effectively prevent the spread of pathogens between patients. It is estimated that the compound annual growth rate of disposable gloves will be 15.1 from 2020 to 2027. %.

 

From Rubber Technology Network