Gloves Market to Reach $35.02 Bn, Globally, by 2025 at 10.3% CAGR: Allied Market Research

Gloves Market to Reach $35.02 Bn, Globally, by 2025 at 10.3% CAGR: Allied Market Research

PR Newswire

PORTLAND, Ore., Jan. 13, 2021

- Increase in concerns regarding safety and hygiene, rise in rubber production, and surge in the number of end users fuel the growth of the global gloves market

PORTLAND, Ore., Jan. 13, 2021 /PRNewswire/ -- Allied Market Research 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." According to the report, the global gloves industry was estimated at $11.46 billion in 2017, and is anticipated to hit $35.02 billion by 2025, registering a CAGR of 10.3% from 2021 to 2025.

Allied Market Research Logo

Download Detailed COVID-19 Impact Sample Report at: https://www.alliedmarketresearch.com/request-for-customization/9232?reqfor=covid

Drivers, restraints, and opportunities-

Increase in concerns regarding safety and hygiene, rise in rubber production, and surge in the number of end users fuel the growth of the global gloves market. On the other hand, toxic reaction to certain gloves and high price competition are projected to impede the growth to some extent. Nevertheless, developing economies and untapped markets are expected to pave the way for lucrative growth opportunities for the key players in the industry.

Covid-19 scenario-

The disposable examination and protective gloves segment to dominate by 2025-

Based on type, the disposable examination and protective gloves segment contributed to more than half of the global gloves market share in 2017, and is expected to lead the trail by 2025. The same segment would also grow at the fastest CAGR of 11.8% throughout the forecast period. Increase in infectious and chronic disease across the globe such as COVID-19, swine flues, hepatitis propels the growth of the segment.

The medical segment to maintain the dominant share-

Based on industries, the medical segment accounted for more than one-fifth of the global gloves market revenue in 2017, and is anticipated to rule the roost by the end of 2025, due to extensive use of medical gloves in hospitals.  The food and drinks segment, on the other hand, would exhibit the fastest CAGR of 11.8% during the forecast period. Developments in the food industry in accordance with various cultures across the globe drive the segment growth.

For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/9232

Europe, followed by North America, garnered the major share in 2017-

Based on region, Europe, followed by North America, garnered the major share in 2017, garnering around one-third of the global gloves market, due to rise in medical tourism and presence of large key players in the continent. At the same time, the market across Asia-Pacific would showcase the fastest CAGR of 11.1% from 2021 to 2025, due to the increasing imports from the Asian markets.

Key players in the industry-

Avenue Basic Plan | Library Access | 1 Year Subscription |

Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.

Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter

Get more information: https://www.alliedmarketresearch.com/library-access

We have also published few syndicated market studies in the similar area that might be of your interest. Below are the report title for your reference, considering Impact of Covid-19 Over This Market which will help you to assess aftereffects of pandemic on short-term and long-term growth trends of this market.

Similar Reports:

Disposable Gloves Market - Global Opportunity Analysis and Industry Forecast, 2020–2027

Disposable Medical Gloves Market - Global Opportunity Analysis and Industry Forecast, 2019-2027

Latex Medical Gloves Market - Global Opportunity Analysis and Industry Forecast, 2019-2027

Nitrile Medical Gloves Market - Global Opportunity Analysis and Industry Forecast, 2019–2027

Sterile Gloves Market - Global Opportunity Analysis and Industry Forecast, 2019–2027

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): 1-800-792-5285, 1-503-894-6022, 1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com 
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg  

Voltar noticias em Inglês