The Japan PPE gloves market is estimated to garner a revenue of USD 3491.97 Million by the end of 2030 by growing at a CAGR of 6.44% over the forecast period, i.e., 2021 – 2030. Moreover, in the year 2020, the market in the country registered a revenue of USD 1942.31 Million. The growth of the market can be attributed to the increasing focus of the government of the nation on industrial safety, backed by the surge in the incidences of occupational injuries. According to the statistics by the Japan Industrial Safety & Health Association, a total of 802 numbers of fatal accidents were recorded in the country in the year 2020 across all industry sectors. PPE gloves are widely being used across different end-use industries, especially, manufacturing, chemical, mining, and others, as these safety kits helps industry workers to prevent from occupational hand cuts, arm injuries, or abrasions.
Besides this, the rising need for safety equipment amongst the healthcare workers in the country, is also expected to contribute to the market growth in the coming years. In Japan, the number of different types of surgeries has been increasing steadily over the years. For instance, according to the statistics by the International Society of Aesthetic Plastic Surgery (ISAPS), the total number of aesthetic procedures in Japan in the year 2019 was 1473221 numbers. Moreover, with the surge in cases of COVID-19 in the country, which according to the statistics by the World Health Organization (WHO), touched 1726063 confirmed cases as of 19th November 2021, is also driving the need for PPE gloves, which in turn is expected to boost the market growth in the coming years.
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Japan PPE Gloves Market Regional Synopsis
Regionally, the Japan PPE gloves market is segmented into Hokkaido, Tohuko, Kanto, Chubu, Kinki, Chugoku, Shikoku, and Kyushu. The market in Kanto is anticipated to garner the largest revenue of USD 1400.28 Million by the end of 2030, up from a revenue of USD 755.56 Million in the year 2020. The Kanto region comprises of some of the major cities, which include Tokyo, the capital of Japan, and other cities, such as Kanagawa, Chiba, Gumna, and Ibaraki among others. These cities are also the hub for some of the major organizations of different industries. For instance, the total number of businesses operating in Tokyo Prefecture accounted for more than 14% of the total number of business establishments in Japan. On the other hand, the market in Kinki region is estimated to garner the second-largest revenue of USD 632.05 Million by the end of 2030, up from a revenue of USD 347.67 Million in the year 2020. The growth of the market in the region can be attributed to the presence of several leather products and Japanese knives manufacturing organizations. The region is also the house to several manufacturers that make different types of sauces and beverages. As a result, the demand for PPE gloves amongst these manufacturers is significantly high, which in turn, is projected to drive the growth of the market in the region.
Growth Drivers and Challenges Impacting the Growth of the Japan PPE Gloves Market
Growth Drivers
- Stringent Government Norms and Regulations on Industrial Safety
- Rising Demand for Safety Equipment in the Healthcare Industry
Challenges
- Fluctuating Cost of Raw Material
- Fear of Adverse Skin Reactions
Japan PPE Gloves Market Segmentation Synopsis
The Japan PPE gloves market is segmented by type into reusable, and disposable. Out of these, the disposable segment is anticipated to hold the largest revenue by the end of 2030, and also grow with the highest CAGR of 6.58% during the forecast period. By material, the market is segmented into latex, nitrile, neoprene, Kevlar, leather, vinyl, and others. Out of these, the nitrile segment is expected to gain the largest revenue of USD 1561.04 Million by the end of 2030, up from a revenue of USD 857.44 Million in the year 2020. By distribution channel, the market is segmented into online and offline, out of which, the online segment is expected to grow with the highest CAGR of 6.92% during the forecast period. On the basis of end-use industry, the market is segmented into chemical, healthcare, food & beverage, oil 7 gas, construction, automotive, and others. Out of these, the healthcare segment is expected to hold the largest revenue of USD 1233.87 Million by the end of 2030, up from a revenue of USD 662.79 Million in the year 2020.
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Key Companies Dominating the Market
Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the Japan PPE gloves market that are included in our report are Supermax Corporation Berhad, Cardinal Health, Inc., Semperit Group, ATG Intelligent Glove Solutions, Honeywell International Inc., DIA RUBBER CO., LTD., 3M Company, Top Glove Corporation Bhd, Ansell Ltd., KIMBERLEY-CLARK CORPORATION, SHOWA GROUP, TOWA Corporation, Hartalega Holdings Berhad, and others.
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