Analysis by Material (Natural Rubber, Nitrile, Latex, Neoprene, Leather, Vinyl, and Others); by Type (Reusable, and Disposable); by Application (Chemical, Mechanical, Biological, Thermal, and Others); and by End-Use Industry (Healthcare, Manufacturing, Food & Beverage, Oil & Gas, Construction, Transportation, and Others) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2033
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The global protective gloves market is estimated to garner a revenue of ~USD 30 Billion by the end of 2033 by growing at a CAGR of ~5% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of ~USD 25 Billion in the year 2022. The primary growth factor for the expansion of the protective clothing market size is the rapid and booming textile industry across the world. As the textile industry is expanding, the production capacity of protective gloves also increases thus raising the manufacturing rate of protective gloves and creating a positive outlook for market growth. The global textile industry is estimated to grow steadily with a CAGR of nearly 5% till 2024. In 2018, the revenue generation was approximately USD 900 billion, which is further anticipated to reach USD 1,250 billion by 2024.
There has been a rise in industrial fatalities in emerging economies due to the lack of personal protective components in various industries. Moreover, the increasing cases of workplace accident risks in manufacturing industries including healthcare, oil & gas, food processing, and others, and the escalating awareness concerning employee health and safety are expected to throw light on the importance of adopting protective gloves. Also, a surge in strict government regulations for wearing protective gloves to take safety measures for workers’ security to reduce occupational hazards or mishaps is anticipated to increase the sales of protective gloves in the forecast period. Moreover, the application of protective gloves in medical settings to control the spread of infections and illnesses during medical procedures and examinations has increased the demand for various types of protective gloves such as surgical gloves, medical gloves, and examination gloves. Thus, a rising focus on infection control strategy is projected to create a positive outlook for the global protective gloves market. Another factor that is attributed to boost the market revenue generation is the massive investments by the major key players to develop sustainably, and 100% recyclable protective gloves.
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Base Year |
2022 |
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Forecast Year |
2023-2033 |
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CAGR |
~5% |
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Base Year Market Size (2022) |
~USD 25 Billion |
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Forecast Year Market Size (2033) |
~USD 30 Billion |
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Regional Scope |
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Growth Drivers
Prevalence of Industrial Accidents – The risk of product contamination and injury caused to the hands of workers due to difficult work environments has increased considerably. Thus, to protect employees from industrial accidents, the demand for protective gloves is expected to increase rapidly. The total number of fatal work injuries in the United States was calculated to be around 5,000 in 2020.
High Investments by Companies in R&D Activities – Key players of the market and the government have been focusing on the development of novel protective gloves that are ec0-friendly as well as effective in offering a protective layer. Thus, investments have been made in the Research and Development sector for new product launches. World Bank showed the data of Research and Development expenditure to be 2.63% of total GDP in 2020, up from 2.13% of total GDP in 2017 worldwide.
Rapid Industrialization and Urbanization – With the expansion of industrialization, the number of industries in the world has grown up considerably. As a result, the employment rate in the manufacturing industries leads to higher risks for industrial fatalities injuries, accidents, and trauma. Thus, this trend is expected to increase the utilization rate of protective gloves to promote safety and well-being. United Nations Organization released data stating that about 55% of the global population was living in urban areas in 2018, which is forecasted to increase to 68% by 2050.
Challenges
The global protective gloves market is segmented and analyzed for demand and supply by end-use industry into healthcare, manufacturing, food & beverage, oil & gas, construction, transportation, and others. Out of these, the construction segment is attributed to garner the highest market share by 2033, owing to the expansion of the construction sector and the growing number of workers in the world. A recent report stated that in 2019, the construction industry in the U.S. generated a revenue of approximately USD 2 trillion. Further, the rising demand for construction processes across various industries along with rapid industrialization is expected to bolster the growth of the construction segment in the assessment period. Protective gloves are highly useful in keeping the hands of the workers clean and providing a protective layer against abrasions, cuts, and hot, and cold in the processes of welding and construction. Also, rising regulatory norms imposed by the government and implementation of precautionary measures in construction sites for occupational security are expected to increase the demand for protective gloves in the construction industry thus, bring opportunities for significant revenue generation.
The global protective gloves market is also segmented and analyzed for demand and supply by material into natural rubber, nitrile, latex, neoprene, leather, vinyl, and others. Out of these, the natural rubber segment is attributed to hold a significant share owing to its high demand from automotive, food processing, and manufacturing industries as a result of the high durability, increased dexterity, perfect fit, and comfort properties of natural rubber protective gloves. Furthermore, the rising focus on using sustainable products is providing a growth opportunity for the natural rubber segment to grow as rubber protective gloves are biodegradable, antibacterial, and antimicrobial. Also, the lightweight nature of protective gloves made with natural rubber increases the tactile sensitivity, that makes it preferable for purposes that require dexterity. Moreover, the highly elastic nature and high resistance power against chemical and harsh environments make natural rubber gloves an ideal option in numerous industries, and are termed as a type of industrial rubber.
Our in-depth analysis of the global protective gloves market includes the following segments:
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By Material |
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By Type |
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By Application |
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By End-Use Industry |
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The Asia Pacific protective gloves market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2033. The major factor attributed to the growth of the market in the region is the owing to the high number of deaths occurring in industries. A recent report of 2022 by the International Labor Organization stated that work-related diseases and injuries are responsible for taking almost 1.2 million deaths in the Asia Pacific region every year, which is equivalent to the loss of 55 million healthy years. Also, the rising awareness regarding workers’ well-being along with strict government rules regarding safety gloves is anticipated to increase the adoption rate of protective gloves in various regions of Asia Pacific. Furthermore, the growth in contagious diseases including flu (influenza), COVID-19, Ebola virus disease (EVD), and others are also projected to fuel the usage of disposable protective gloves. In addition, the expansion of industries such as healthcare, manufacturing, automotive, and oil & gas in China, India, and Japan is also anticipated to increase the production rate of protective gloves for safety issues in the workplace.
In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
Ans: The expansion of the textile industry along with accident cases across numerous industries are expected to propel the market growth during the forecast period.
Ans: The market is anticipated to attain a CAGR of ~5% over the forecast period, i.e., 2023 – 2033.
Ans: The high investment costs along with rising skin allergies due to latex material and constant fluctuation in costs of raw materials are expected to hamper the market growth.
Ans: The market in the Asia Pacific region is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.
Ans: The major players in the market are Kossan Rubber Industries Bhd, Top Glove Corporation Berhad, Ansell group, TOWA CORPORATION, Hartalega Holdings Berhad, Delta Plus Group, COFRA S.r.l., Lindström Group, Radians, Inc., Mallcom (India) Limited, and other key players.
Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
Ans: The market is segmented by material, type, application, end-use industry, and region.
Ans: The construction segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
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