The disposable gloves market was valued at USD 13.76 billion in 2021 and is anticipated to experience an exponential growth rate to cross USD 37 billion by 2028, registering a CAGR of 6.3% over the forecast period (2022 to 2028).
Westford, USA, Jan. 10, 2023 (GLOBE NEWSWIRE) — The growing need for disposable gloves in medical and healthcare, pharmaceutical, automotive, chemical, and oil and gas industries has been the key driver of the business in recent years. Furthermore, the product’s use in the food-preparation sector is expected to supplement market development. Market participants are concentrating on growth tactics such as obtaining distribution agreements with the governments of their respective countries. As a result, the global disposable glove market is predicted to expand. Technological improvements and increasing efforts to reduce the hospital admissions will give market participants lucrative chances in the coming years.
As per SkyQuest’s projection, North America, one of the key regions, is expected to register promising growth in the coming years and grow with a significant CAGR of 37.6% CAGR during 2022-2028. The dominance of North America will be followed by Europe and Asia Pacific, owing to increasing initiatives to promote hygienic and safe practices.
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