A recent report by Allied Market Research has projected the global disposable glove industry is on track for large-scale growth through 2020. Let's take a look at the forecasted future for wholesale disposable gloves.
The report forecasted the disposable glove industry will have a 6.2 percent compound annual growth rate (CAGR) between 2014 and 2020. The Allied Market Research report projected a 12.6 percent CAGR for powder-free gloves based on a market shift away from powdered gloves. Several sectors are predicted to be the catalysts for growth, including industrial and nitrile gloves.
Nitrile disposable gloves have become popular in the auto repair industry as a more chemical-resistant and allergy-free alternative to latex. These gloves protect the skin against absorbing harsh chemicals and solvents that are common to auto shops, the California Department of Health Services Occupational Health Branch reported.
The researchers also pointed to several pandemics as the driving forces behind expanded glove use. For example, the recent Ebola outbreak has prompted demand for protective clothing, and multiple sources report the World Health Organization has suggested health workers assisting patients with Ebola don nitrile exam gloves.
Despite current international health concerns, industrial disposable gloves are expected to have the fastest growth of all segments. The report cited that food industries are key drivers of growth in this area and elaborated on the potential expansion for vinyl (PVC) and polyethylene (PE) gloves, which are used in the food processing and service industries, respectively. Disposable vinyl gloves accounted for the second-largest market share – 28 percent – in 2013.
To learn more information, follow this link.