Gloves Market | Growth and Analysis
Trends, Drivers and Vendor Forecasts for 2021-2025
Gloves market is set to post an incremental growth of $ 13.52 bn during 2021-2025. The market will decelerate at a CAGR of almost 8.53% during the forecast period. Our analysts provide a detailed understanding of the market focusing on the latest trends, and drivers that are likely to impact growth. This analysis will enable business leaders to strategize and plan for further growth of their business.
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Gloves Market: Market Segments and Key Trends
The Gloves market is segmented by Product (Disposable gloves and Reusable gloves) and Geography (North America, APAC, Europe, South America, and MEA). North America led the market with 34% of the market growth set to originate from this region during the forecast period. Use of chemicals in glove production is one of the challenges that will need to be overcome to drive growth. The research report provides market share projections of each segment along with a detailed analysis of all the factors that are likely to boost growth within specific regions as well as global markets.
Gloves Market: Leading Factors to Drive Market Growth
One of the primary factors that will drive market growth is the increase in rubber production. The gloves market report provides an understanding of this and all the other drivers that are likely to impact market growth. These insights will enable clients to design growth strategies that will leverage opportunities and neutralize challenges effectively.
Vendor Analysis: 3M Co., Ansell Ltd. and Atlantic Safety Products Inc. are key growth contributors
The market is fragmented. The research report provides insights into the top market player and their product portfolio along with pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 3M Co., Ansell Ltd., Atlantic Safety Products Inc., Globus (Shetland) Ltd., Hartalega Holdings Bhd, Honeywell International Inc., Kimberly-Clark Corp., Kossan Rubber Industries Bhd, The Glove Co., and Top Glove Corp. Bhd are some of the major market participants.
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Gloves Market: Key Highlights of the Report for 2021-2025
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Gloves Market Size to Grow by $ 8.02 bn through 2020-2024
Technavio research projects the gloves market to grow by $ 8.02 bn, accelerating at a CAGR of almost 9% till 2025. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report
Gloves Market: Key Market Driver
One of the primary factors that will trigger the growth of the gloves market size is increase in rubber production. This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.
Gloves Market: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 3M Co., Ansell Ltd., Atlantic Safety Products Inc., Globus (Shetland) Ltd., Hartalega Holdings Berhad, Honeywell International Inc., Kimberly-Clark Corp., Kossan Rubber Industries Bhd, The Glove Co., and Top Glove Corp. Bhd are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations.
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Technavio has been monitoring the Global Gloves Market and it is expected to grow by USD 8.02 billion accelerating at a CAGR of almost 9% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. Download latest version with COVID-19 analysis Free Sample Report
Gloves Market: Adoption of Environment-friendly Practices to Drive Growth
One of the primary factors that will trigger the growth of the Gloves Market size is the increase in rubber production. The increase in demand for manufactured goods is driven by rapid infrastructural development, favorable federal policies, and a rise in disposable incomes.
The unprecedented use of locomotives, machinery, and construction equipment is driving the need for precision cutting, which will further drive the use of gloves to ensure the safety of the workers. These gloves are cut resistant and provide quality performance. This factor is also driving the growth of the global gloves market during the forecast period. The increasing adoption of green and recyclable material for the manufacture of gloves is another factor that will boost market growth. The growing demand for green products will lead to innovations in new manufacturing process which will ensure that vendors are committed to using environmental-friendly alternatives rather than petroleum-based plastics. Such initiatives will propel markets growth over the next five years.
Gloves Market: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 3M Co., Ansell Ltd., Atlantic Safety Products Inc., Globus (Shetland) Ltd., Hartalega Holdings Berhad, Honeywell International Inc., Kimberly-Clark Corp., Kossan Rubber Industries Bhd, The Glove Co., and Top Glove Corp. Bhd are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report
