The Gloves Market is being driven by Growing industrial glove production
The Gloves Market is expected to grow at a CAGR of 5.3% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 10848.2 million. In the realm of food processing and food service applications, vinyl gloves are a crucial investment for businesses seeking to maintain hygiene and extend product shelf life. Manufacturers, such as Omni International, incorporate antimicrobial layers in their vinyl gloves to minimize the transfer of microbes from the gloves to food items. Omni's food processing gloves are engineered with advanced antimicrobial solutions technology, which includes a PVC film that inhibits fungal and bacterial growth on the gloves. This cost-effective technology not only ensures food safety but also prolongs the gloves' shelf life by preventing microbial degradation and deterioration.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
197 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.3% |
Market growth 2025-2029 |
USD 10848.2 million |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
5.0 |
Key countries |
US, China, Germany, Japan, Canada, India, UK, France, Italy, and South Korea |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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In the industrial sector, heavy-duty industries such as oil and gas, waste management, and others rely on gloves for safety and hygiene. The gloves market caters to various industries with a focus on ease of operation and regulatory compliance. Major firms produce both disposable and reusable gloves, made from latex materials like natural rubber or synthetic nitrile, to meet customer expectations for product quality and safety regulations. Glove manufacturing involves stringent quality standards and adherence to hygiene and infection control, chemical resistance, and customization options. Amidst health crises and hygiene issues, the gloves market faces increasing regulatory scrutiny and environmental concerns. Industrial uses of gloves span across safety regulations, hygiene standards, and protective equipment, with a growing emphasis on customization and sustainability.
The global market for textiles, apparel, accessories, and luxury goods encompasses enterprises involved in the production and distribution of these items, including those specializing in disposable gloves made from biodegradable and compostable materials. Market expansion is driven by several factors, including the expanding population of working women, who possess increased disposable income and a growing preference for fashionable and functional gloves. This trend is contributing to the overall growth of the parent market, which is projected to experience significant expansion due to evolving customer tastes and expectations for eco-friendly and chemically resistant glove solutions.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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