Global Nitrile Gloves Market Size to Grow at a CAGR of 13.8% During the Forecast Period 2021-2026
The Growing Awareness Among People Related to Contagious Diseases and Hygiene Driving the Growth of Nitrile Gloves Market.
Hyderabad, India – July 17, 2021 /MarketersMedia/ —
Nitrile Gloves Market size is estimated at $3.9 billion in 2020, projected to grow at a CAGR of 13.8% during the forecast period 2021-2026. Nitrile gloves are latex protein-free, which makes them more appealing to people with latex allergies. Synthetic rubber is also used in their manufacturing, which helps to provide high strength, longevity, and improved flexibility, as well as the ability to minimize hand fatigue, provides a comfortable fit, and low friction. The latest emergence of the COVID-19 pandemic is expected to be a significant factor in driving global demand. The increasing prevalence of COVID-19 in the country has heightened demand, particularly in the healthcare industry, to prevent further dissemination. Moreover, the nitrile glove industry is growing owing to a growing aging populations and stricter health regulations. Manufacturers of gloves have begun to incorporate innovations such as Artificial Intelligence (AI) and Big Data Analytics into their manufacturing processes in order to improve overall quality and capabilities. Globus Ltd, for instance, introduced GREEN-DEX, the world’s first biodegradable nitrile disposable gloves. GREEN-DEX biodegrades in biologically active landfills, making it a great single-use hand safety option that also saves money on recycling. As a result, the product demand to combat the spread of the coronavirus, technical advances, Synthetic material and increasing R&D efforts by industry titans are all driving the nitrile gloves market forward.
Nitrile Gloves Market Segment Analysis – By Product Type:
Based on Product Type, Disposable Gloves Segment accounted for the largest revenue market share of around 75% in 2020 and is also anticipated to grow with the fastest CAGR. Prior to the outbreak of the COVID-19 pandemic, there has been an increase in demand for single-use gloves across all end-use industries. Disposable gloves also help to prevent the spread of pathogens and germs in medical facilities, which drives demand in the medical and healthcare industries. Healthcare staff prefers disposable gloves to prevent cross-contamination during treatment or inspection driving the Nitrile Gloves Industry. Durable Gloves segment is anticipated to grow with the second fastest CAGR of 14.8% in the forecast period 2021-2026.
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Nitrile Gloves Market Segment Analysis – By Type:
Based on Type, Powdered-Free accounted for the largest revenue market share in 2020 as powder-free gloves are commonly used in the medical and healthcare industries, where disposable gloves are in high demand and growing rapidly following the outbreak of the COVID-19 pandemic. Latex protein Powder-free nitrile gloves are estimated to hold the largest the market owing to their rising popularity in industries such as food processing, medical and chemical. Furthermore, several authoritarian regimes are supposed to benefit the powder-free segment. Powdered is projected to witness the fastest CAGR of 14.3% during the forecast period 2021-2026.
Nitrile Gloves Market Segment Analysis – By Geography:
Based on Geography, North America Nitrile Gloves Market accounted for the 38% revenue share in 2020. This is mainly attributable to growing public health concerns and increased demand for disposable gloves. Latex Protein Gloves used for medical purposes have been approved by the FDA. In North America, these food gloves are approved for food handling and preparation. The FDA has approved it for use in food service and food manufacturing in the United States, and the Canadian Food Inspection Agency (CFIA) has approved it for use in Canada. Asia-Pacific is predicted to be the fastest growing region during the forecast period 2021- 2026.
Nitrile Gloves Market Drivers
The Growing Awareness Among People Related To Contagious Diseases & Hygiene:
The demand for nitrile gloves is increasing as a result of growing hygiene awareness. Keeping hands clean is one of the preventive steps for infection prevention. Healthcare facilities just sanitize their hands about half of the time, according to the Centres for Disease Control and Prevention. The latex protein free gloves product demand is growing due to an increase in the number of infectious diseases around the world. Health tests may be used to identify and diagnose contagious diseases. An increasing number of infectious diseases, as well as improved healthcare services, are all contributing to the Nitrile Gloves Market rapid growth.
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Nitrile Gloves Market Landscape:
Nitrile Gloves Market top 10 companies are Ammex Corporation, Synthomer plc, Dynarex Corporation, Hartalega Holdings Bhd., Top Glove Corporation Bhd., Ansell Ltd., Supermax Corporation Bhd., Owens & Minor Inc., Comfort Gloves Bhd. and Medicom.
Key Takeaways
Nitrile Gloves (ANA) market growth is being driven by technological advances, adoption of new techniques, and the prevalence of various infectious diseases.
Owing to the presence of potential players who are creating new devices, innovations in medical device technology, major investments in R&D, and government funding, the North American Nitrile Gloves Market held the largest revenue share of 38 percent in 2020. The scope of the Nitrile Gloves Market for various regions will be provided in the final report.
The Nitrile Gloves Industry is expanding owing to rising perception of the product’s benefits in health centers, as well as an increase in the number of latex allergies.
The rising incidences of pandemic diseases such as COVID-19 and swine flu (H1N1), as well as rising demand for preventing infection is also expected to push the Nitrile Gloves industry.
Related Reports :
A. Disposable Gloves Market
https://www.industryarc.com/Report/16028/disposable-glove-market.html
B. Nitrile Medical Gloves Market
https://www.industryarc.com/Research/Nitrile-Medical-Gloves-Market-Research-502332
For more Lifesciences and Healthcare Market reports, please click here
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