Global Protective Gloves Market is segmented By Type (Disposable, Re-Usable), By Material (Latex, Nitrile, Neoprene, Leather, Vinyl, Others), By Risk (Category I, Category II, Category III), By Application (Chemical, Mechanical, Biological, Thermal, Others), By End-User (Healthcare, Manufacturing, Food & Beverage, Oil & Gas, Construction, Transportation, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Protective Gloves Market Size
The Global Protective Gloves Market reached USD 14.8 billion in 2022 and is expected to reach USD 26.0 billion by 2031, growing with a CAGR of 7.3% during the forecast period 2024-2031.
Protective gloves are used to prevent injuries to the hands while working in a dangerous environment, avoid cuts, chemical burns, abrasion, crushing, and contact with bio-hazards and comply with the hazard prevention hierarchy. There are various types of protective gloves available based on material and type of risks involved in work. The applications of protective gloves are in numerous industries, including healthcare, construction, printing, hairdressing, catering, automotive, and others. These protective gloves are selected based on the following factors- statutory requirements, substance handled, other hazards for hands, type and Type of contact, user–size and comfort and task.
Market Summary
|
Metrics |
Details |
|
Market CAGR |
7.3% |
|
Segments Covered |
By Type, By Material, By Risk, By Application, By End-User and By Region |
|
Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
|
Fastest Growing Region |
Asia Pacific |
|
Largest Market Share |
North America |
To Get a Free Sample Click here
Market Dynamics
The global protective gloves market growth is driven by increasing safety concerns, increasing industrial accident cases and government regulations on PPE.
Increasing industrial accident cases are expected to drive market growth
According to International Labour Organization, almost 2.3 million fatalities are due to work-related every year; this corresponds to over 6000 deaths every day in 2019. Also, around 340 million occupational accidents globally annually which surge in the need for protective gloves during hazardous working conditions.
According to the US Bureau of Labour Statistics, the hand is the most often injured body part, while cuts are the most common workplace injury. In many cases of injury, workers are simply not wearing the proper gloves for the job, resulting in about 17% of all concrete injuries from punctures, cut, and lacerations. To reduce accidents from industrial work, various governments have formed regulations on protective gloves such as European Government have formed legislative acts concerning protective gloves as items of personal protective equipment (PPE) Directive 89/656/EEC and Regulation 2016/425/EU, which will boost the protective gloves market in future.
Allergic sensitization can affect the protective gloves market growth
Protective gloves are subjected to dirt, irritation, maceration, allergy, and lack of comfort. Allergic sensitization is a concern as more than 4000 environmental chemicals have been identified as contact allergens. Of these, rubber glove chemicals are among the most frequent causes of allergic contact dermatitis (ACD) in health care workers, usually due to frequent glove use.
COVID-19 Impact Analysis on Market
Amid the pandemic, various guidelines and restrictions were imposed by the government to avoid the spread of the virus, which resulted in a positive impact on the protective gloves market. After government guidelines and increasing awareness, it became essential to use PPE kits in every public place, such as hotels, public vehicles, airports, industrial areas, societies and other travelling places. In addition, the manufacturers are working at increased capacity and production rates to supply PPE globally. For instance, daily PPE kit production hits eight lakh in July 2020 with expected revenue of $60 bn in the global market.
With continuous government support and awareness towards the virus, the global demand for the protective gloves market is expected to grow.
Market Segmentation Analysis
By material, the protective gloves market is classified into nitrile, latex, butyl, polyvinyl chloride (PVC), vinyl and others.
The nitrile type protective gloves market is expected to grow at the fastest CAGR during the forecast period (2023-2030)
The nitrile material holds the largest market for protective gloves in terms of revenue due to the following advantages: superior chemical resistance to other disposable gloves, powder free, reduces the risk of allergens and dealing with messy powder, have a chlorinated finish, useful in situations such as food environments where frequent glove changes are required and can be used when the hands are wet.
Nitrile gloves are becoming a standard supply for hospitals and emergency personnel. They are also being used by housekeepers, police officers, security guards, factory workers and veterinarians. According to the industry analysis, revenue incorporated from nitrile gloves in 2019 was USD 290 million and it is expected to reach USD 370 million by the end of 2023 due to increasing medical, laboratory and manufacturing industries. Also, the nitrile gloves market is expected to boost as it is replacing latex gloves. Nitrile is a man-made substance, and the price of substance remains stable unlike latex price hikes depending on season.
Market Geographical Share
North America region is the largest market for global protective gloves.
North America holds the largest market for protective gloves globally and is forecasted to continue its dominance with various government regulations and safety towards industrial accidents such as Occupational Safety and Health Act aims at providing the safety of working men and women at the worksite and mandates workers with personnel’s physical safety with protective equipment such as gloves, masks to prevent the damage brought by chemical exposure, falls or any other hazards while using dangerous devices. Currently, OSHA is adopted by more than 50 states in the US and covers most private and public sector employers and their workers, which will also surge the demand for the region's protective gloves market.
Also, the region aims to reduce the losses from industrial accidents, According to the Bureau of Labor Statistics, 70% of workers with hand injuries were not wearing gloves and the remaining 30% of injured workers because the gloves were inadequate, damaged or the wrong type for the type of hazard present. Also, 110,000 hours a year are lost to hand injuries, and it cost almost $382 million resulting from cuts and puncture cost the construction industry alone approximately. To reduce the losses and accidents incorporated from industrial hand injuries, industries among the regions are adopting high-quality protective gloves, which is one of the main reasons for market growth.
Market Companies and Competitive Landscape
The protective gloves market is moderately competitive with the local player's presence, followed by the global companies contributing to the major share in the market growth. In addition, some of the key players contributing to the growth of the market are Showa Corporation, Honeywell International Inc, Ansell Ltd, Protective Industrial Products Inc., Shelby Group International Inc., Lakeland Industries Inc., 3M, MSA Safety Appliances, Dragerwerk AG, Avery Dennison Corporation, Procter & Gamble Company and various others. The major players are adopting various new strategies to dominate the market, such as launching new products with more safety and hygiene and collaborations, contributing to the growth of the protective gloves market globally.
Honeywell International Inc.
Overview: Honeywell International Inc., a Fortune 100 company that manufactures technologies to address tough challenges linked to safety, security, and energy is a technology and manufacturing company. The company operates through four segments: home and building technologies, aerospace, performance materials and technologies, and safety and productivity solutions.
Product Portfolio: The Company manufactures various protective products such as north nitri-knit, north premium latex, north trawler king, honeywell power coat, north butyl, north neo task neoprene, north chemsoft ce and various others.
Key Development: In 2020, the company launched a new line of industrial work gloves, CoreShield. The product delivers a photo4Color-coded marking system with EN/ANSI standards. The CoreShield line comes with 22 models offering cut-resistance from A1 to A9 level protection and is woven with lightweight, high-strength yarn.
Why Purchase the Report?
- Visualize the segmentation of the protective gloves market by type, material, risk, application, end-,user and region, highlighting the key commercial assets and players.
- Identify commercial opportunities in the protective gloves by analyzing trends and co-development deals.
- Excel data sheet with thousands of data points of protective gloves market-level 4/5 segmentation.
- PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
- Product mapping in excel for the key product of all major market players
The global protective gloves market report would provide access to an approx: 77 market data tables, 79 figures and 180 pages.
Target Audience 2024
- Service Providers/ Buyers
- Industry Investors/Investment Bankers
- Education & Research Institutes
- Research Professionals
- Emerging Companies
- Manufacturers
