In a recent published report, Kenneth Research has updated the market report for Disposable Gloves Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Disposable Gloves Market products.
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By the end of 2050, the world’s population aged 60 years and above is anticipated to reach 2 billion, states the World Health Organization (WHO), in one of its statistics. Additionally, several manufacturers are increasingly showing interest for manufacturing healthy beverages, which is also anticipated to drive the growth of the market in the coming years.
Global Disposable Gloves Market was valued at USD 6.7 Billion in the year 2017. Global Disposable Gloves Market is further estimated to grow at a CAGR of 8.38% from 2019 to reach USD 12.78 Billion by the year 2025. North America region holds the highest Market share in 2017 and Asia-Pacific considered as the fastest growing Market in the forecasted period. At a country level, developed industries like the U.S, Canada holds a substantial Market share in 2017 and it is projected to grow at a gradual pace in the coming years.
Major market players in Disposable Gloves Market are Dynarex Co., B. Braun Melsungen AG, Kossan Rubber Industries Bhd., Ansell Healthcare, Cardinal Health Inc., Kimberley-Clark Co., Hartalega Holdings Berhad, Adventa Berhad, Top Glove Corp, Semperit AG Holding, Rubberex Corp. M Bhd., and other 9 more companies detailed overview is provided in the report. Rising research and development expenses to address the changing demand of end users. Similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of the top players in the last 5 years.
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SWOT Analysis of Disposable Gloves Market:
Strength:
Growing awareness of personal hygiene
Weakness:
Not suitable for long-term use
Opportunities:
Increasing demand in the healthcare Market
Threats:
Threats from substitute product
The Global Disposable Gloves Market is segmented on the basis of types, material, application, and region. By Application, Medical is expected to hold the highest Market share during the forecast period. On the other hand, by material, polyethylene gloves is also expected to grow at the highest CAGR during the year 2019-2025.
Disposable Gloves Market Segmentation:
By Type
*Powdered Disposable Gloves
*Non-powdered Disposable Gloves
By Material
*Neoprene
*Latex
*Nitrile
*Vinyl
*Polyethylene
*Others
By Application
*Medical
*Non-Medical
By Region
North America
*USA
*Canada
Europe
*Germany
*U.K.
*France
*Italy
*Rest of Europe
APAC
*China
*India
*Japan
*Rest of Asia-Pacific
RoW
*Latin America
*Middle East & Africa
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