PORTLAND, Ore., April 14, 2021 /PRNewswire/ — Allied Market Research recently published a report, titled, “Gloves Market by Type (Disposable Sterile Gloves, Disposable examination and protective gloves, and Consumer gloves), and Industry (Medical, Horeca (food), Cleaning, Beauty, Food and Drinks, Pharmaceutical, Chemical, Automotive, Electronics, Construction, and Others): Global Opportunity Analysis and Industry Forecast 2021–2025″. As per the report, the global gloves industry was accounted for $48.01 billion in 2017, and is projected to reach $118.50 billion by 2025, growing at a CAGR of 8.6% from 2021 to 2025.
Major determinants of the market growth
Increase in concerns for safety and hygiene, advancements in technology, rise in awareness about hygiene among healthcare service providers, and growing number of end user and need for gloves have boosted the growth of the global gloves market. However, high price competition and toxic reaction to certain types of gloves hinder the market growth. On the contrary, untapped market in emerging economies is estimated to open lucrative opportunities for the market players in the future.
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- The demand for gloves increased during the Covid-19 pandemic due to rise in need for them from food industry to maintain hygiene.
- Due to the Covid-19 outbreak, the demand for gloves as a part of the PPE kit…