Introduction to Disposable Gloves Market
Introduction to Disposable Gloves Market
• Disposable Gloves Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $ 17,242 million by 2022, registering a CAGR of 12.6 % during the period 2016-2022.
• The natural rubber gloves segment accounted for around three-fifths revenue share, in 2015 and is expected to maintain its dominance during the forecast period.
• Europe and Asia-Pacific together accounted for around half of the market in 2015.
• The market for disposable gloves is primarily driven by its requirement in medical and surgical applications to ensure safety and hygiene.
• The other factors that drive the market are rising adoption of disposable glove usage among users from industries such as pharmaceuticals, food & beverages, etc.
• Nevertheless, some of the restraints associated with disposable gloves business attractiveness is pricebased competition due to emergence of domestic players and toxic side effects arising due to usage of gloves.
• However, the impact of this limitation is anticipated to diminish in future due to ongoing improvements in production of disposable gloves.