Report : Asia Pacific Disposable Gloves Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Material (Natural Rubber, Nitrile, Neoprene, Polyethylene, and Others) and Type (Powdered and Powder Free)
At 15.2 CAGR, the Asia Pacific Disposable Gloves Market is speculated to be worth US$ 4,771.46 million by 2028. Also, based on volume the Asia Pacific Disposable Gloves Market is estimated to reach 2,44,355 million units at a CAGR of 16.5% by 2028, says Business Market Insights
According to Business Market Insights’ research, the Asia Pacific disposable gloves market was valued at US$ 1,772.97 million in 2021 and is expected to reach US$ 4,771.46 million by 2028, registering an annual growth rate of 15.2% from 2021 to 2028. Production of gloves on domestic level and powder free gloves becoming popular are the critical factors attributed to the market expansion.
The FDA offers regulatory flexibility to help broaden the availability of medical gloves, as outlined in the glove enforcement policy that is in place during the COVID-19 public health emergency. Similarly, a Personal Protective Equipment (PPE) Burn Rate Calculator has been developed by the CDC to help healthcare facilities schedule and improve the use of gloves in response to COVID-19 outbreak. A four-pronged strategy is being introduced by the Foreign Exchange Management Act (FEMA) and the Department of Health and Human Services (HHS) to rapidly increase the supply and expand domestic production of medical supplies and equipment.
The government of India made proactive efforts to promote PPEs manufacturing in the country. For instance, Ministry of Textiles and Ministry of Health and Family Welfare have been working together to handle the pandemic. Domestic manufacturers rose to the occasion and 11 suppliers have had cleared quality so far. Orders of 21 lakh PPE coveralls have been put on them. They currently supply 6-7,000 coveralls a day and is projected to go up to 15,000 per day. An online platform based in Singapore has been found that can provide 10 lakh PPE kits and an order to procure them has been put through the Ministry of External Affairs. Another supplier based in Korea that has collaborations with manufacturing companies in Vietnam and Turkey has been identified with regular production of more than 1 lakh PPE kits. Additionally, government has initiated a “Make” strategy to encourage domestic players to produce PPE, including gloves, gowns, and masks. Thus, the support from the government to enhance the production of PPE is likely to fuel the growth of the disposable gloves market during the forecast period.
On the contrary, continuous shortage of disposable gloves hurdles the growth of Asia Pacific disposable gloves market.
The Asia Pacific disposable gloves market, by material, is segmented into natural rubber, nitrile, neoprene, polyethylene, and others. The nitrile segment held the largest share of the market with a share of 31.3% amassing US$ 555.82 million and is expected to retain its dominance during the forecast period, thus reaching upto 1,383.71 million by 2028 at 13.9% CAGR during 2021–2028.
Based on type, the Asia Pacific disposable gloves market is fragmented into powder and powder-free. With 84.7% share of the domain, the powder-free segment dominated the market in 2021. It accrued US$ 1,501.96 million in 2021 and is estimated to generate US$ 4,055.49 million by 2028 to grow at a CAGR of 15.2% over the forecast period.
Our regional analysis states that China captured 28.2% market share in 2021. It was assessed at US$ 499.98 million in 2021 and is likely to hit US$ 1,278.75 million by 2028, exhibiting a CAGR of 14.4% during the forecast period.
Key players dominating the Asia Pacific disposable gloves market are Ansell Limited, B. Braun Melsungen AG, Cardinal Health Inc, Hartalega Holdings Berhad, Kossan Rubber Industries Bhd, Mölnlycke, RUBBEREX, Sempermed, Supermax Corporation Berhad, and Top Glove Corporation Bhd among others.
- In June 2019, Top glove corporation launched BioGreen biodegradable nitrile powder free gloves for use in healthcare as well as non-Healthcare sector. These new biodegradable gloves has been proven to biodegrade 10 times faster than conventional nitrile examination gloves. Moreover, BioGreen gloves also minimize the risk of Type IV hypersensitivity reactions triggered by exposure of certain chemicals.
- In Oct 2020, Mölnlycke is celebrating World Handwashing Day with the global launch of the innovative Biogel PI UltraTouch S surgical disposable glove, which can addresses the problem of allergic contact dermatitis among surgical teams.