The disposable glove market is in a terrific position. In fact, opportunities for distributing gloves are greater than ever.
Why? Here are four reasons:
4 Reasons It’s a Great Time to Be Selling Disposable Gloves
Disposable Glove Demand Expected to Remain Strong
For the first time in two years, the coronavirus is not the No. 1 issue affecting global markets. Instead, oil prices—and the war in Ukraine—have become the top disruptors slowing trade and driving up costs.
That doesn’t mean COVID is going away just yet. Governments have been lifting restrictions imposed to slow its spread, including rules governing travel, socializing, mask wearing, and self-isolation. But still it lingers, and in some countries it is thriving.
Supply Chain Issues Persist, but Glove Market’s Outlook Is Bright
If you thought that 2022 would bring quick resolution to the worldwide supply chain disruption, you’ll want to rethink that position.
Havoc at ports is showing no signs of declining. Prices for a vast array of goods continue to rise. Any real progress will require investment, technology and a refashioning of incentives across global business. It will take more ships, additional warehouses, and an influx of truck drivers.
With SE Asia Recovering from COVID, Glove Capacity Will Return
Factories have reopened and production is picking up in major manufacturing areas of Southeast Asia as COVID-19 cases have dropped in recent weeks. This has eased some of the supply-chain constraints that companies blame for lost sales.
While this does not mean that makers of disposable gloves are back to full production yet, it does hint that the industry is trending in the right direction. In Malaysia, which produces nearly 80% of the world’s disposable gloves, efforts to transition its workforce from imported foreign labor to hiring local workers and emphasizing automation are well under way.
Ongoing COVID Surge Will Ensure Gloves Are Needed for Some Time
How is your glove business holding up? Are you concerned about what’s ahead for the rest of the year?
For the first three quarters of 2021, the U.S. economy expanded at a torrid pace, as industries that were shut down during the pandemic—especially restaurants, hospitality, and travel—reopened. The Organization for Economic Cooperation and Development projected that the U.S. economy will experience 6% overall growth in 2021, putting it substantially ahead of where it was in late 2020.
Restaurant Cleanliness Begins With Disposable Gloves and Hand Hygiene
In these make-or-break times for restaurants, cleanliness has never been more important. And you can’t have a truly clean restaurant without disposable gloves.
Food and beverage sales in the restaurant industry are projected to total $789 billion in 2021, up 19.7% from 2020. That’s an encouraging turnaround, considering that during the pandemic the industry has lost nearly $300 billion in sales.
Face Masks, Like COVID, Will Be With Us for Some Time
Across the country, people are wondering if they will still be wearing face masks now that society has largely begun reopening. The Centers for Disease Control and Prevention has said that fully vaccinated Americans no longer have to cover their faces unless they are in a large crowd of strangers.
But are face mask requirements going away entirely? Not likely. It would be prudent to keep some on hand, at least through the summer and probably longer.
Lighter Gloves a Likely Trend in COVID-19 World
| In 2020, demand for disposable gloves and personal protective equipment is at all-time highs. The global spread of the novel coronavirus has completely taken over the conversation—and the market—as glove manufacturers struggle to keep the supply chain moving.
Also on the rise, of course, is the cost of doing business. With shortages of raw materials and labor, and restrictions on who gets priority access to PPE, glove prices are going up. It’s not a matter of gouging, but simple economics: demand rises, supply drops, gloves get more expensive. Continue reading “Lighter Gloves a Likely Trend in COVID-19 World” |
Unprecedented Demand Beyond COVID-19 Drives Glove Industry Growth
The global disposable gloves market is experiencing explosive growth. Today’s overwhelming demand for personal protective equipment is expected to continue unabated as glove manufacturers in Southeast Asia struggle to keep up with orders.
Health-related fears driven by the novel coronavirus are of course a major factor in the industry’s current economic boom. But beyond that, the use of disposable gloves, especially in the industrial safety sector, has been steadily on the rise.
Continue reading “Unprecedented Demand Beyond COVID-19 Drives Glove Industry Growth”