The global nitrile gloves market size is expected to reach USD 20.13 billion by 2030 according to a new study by Polaris Market Research. The report “Nitrile Gloves Market Share, Size, Trends, Industry Analysis Report, By Type (Powdered, Powder-Free); By Product (Disposable, Durable); By End-Use (Medical, Non-Medical); By Region, Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Increasing demand from end-use industries, including food & beverage and healthcare, due to the occurrence of chronic diseases is expected to boost the demand for these gloves over the forecast period. The sudden outbreak of the COVID-19 pandemic has led to an extraordinary increase in demand for PPE, including nitrile gloves to prevent virus transmission, boosting the industry's growth. Furthermore, the growing healthcare industry, along with rising awareness regarding hygiene and safety in developing economies, is expected to propel the demand for the product over the forecast period.
Occupational safety rules have a substantial impact on the nitrile glove sector's development. Measures imposed by the authorities for numerous organizations to uphold safety requirements in enterprises are anticipated to boost the product demand. Furthermore, the rising frequency of latex allergies among healthcare professionals has increased the demand for the product, which is driving industry expansion.
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Some of the key players operating in the global market include Ansell Ltd., Cardinal Health, Inc, Adventa Berhad (Sun Healthcare), Dynarex Corporation, Top Glove Corporation Bhd, Kossan Rubber Industries Bhd, Hartalega Holdings Berhad, MCR Safety, Medline Industries, Inc., Semperit Ag Holding, Rubber Corporation (M) Berhad, and Supermax Corporation Berhad.
These players are investing in product development along with adopting strategies to cater to the robust demand and to increase their market presence. For instance, in December 2021, RELEVIUM TECHNOLOGIES INC. disclosed that they has obtained two PPE agreements in the amount of CAD$11 million and CAD$5 million to deliver a total of 180 million medical standard nitrile gloves.
Polaris Market Research has segmented the nitrile gloves market report on the basis of type, product, end-use, and region:
Nitrile Gloves, Type Outlook (Revenue - USD Billion, 2018 - 2030)
Nitrile Gloves, Product Outlook (Revenue - USD Billion, 2018 - 2030)
Nitrile Gloves, End-Use Outlook (Revenue - USD Billion, 2018 - 2030)
Nitrile Gloves, Regional Outlook (Revenue - USD Billion, 2018 - 2030)