Glove Market Update: Factory Utilization Likely to Stay Low Into ’24

Hand formers at a disposable glove factory wait between uses.

Most disposable glove factories prefer to run their production lines almost non-stop to make money, in a concept known as factory utilization. It is common that a factory needs a 50% utilization rate to break even.

Throughout 2023, factory utilization rates for most of the disposable glove industry have been well below 50% because of massive capacity added during the pandemic and high excess inventory amounts at the end-user level.

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