Global Nitrile Gloves Strategic Markets Report 2023: Market to Reach $121.1 Billion by 2030 - Nitrile Glove Frenzy & Skyrocketing Prices Presents Lucrative Opportunities for Suppliers
Global Market for Nitrile Gloves
Dublin, March 02, 2023 (GLOBE NEWSWIRE) -- The "Nitrile Gloves: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Nitrile Gloves Market to Reach $121.1 Billion by 2030
In the changed post COVID-19 business landscape, the global market for Nitrile Gloves estimated at US$40.8 Billion in the year 2022, is projected to reach a revised size of US$121.1 Billion by 2030, growing at a CAGR of 14.5% over the analysis period 2022-2030.
Powder-Free, one of the segments analyzed in the report, is projected to record 14.9% CAGR and reach US$120 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Powdered segment is readjusted to a revised -2.6% CAGR for the next 8-year period.
The U.S. Market is Estimated at $12.8 Billion, While China is Forecast to Grow at 17.3% CAGR
The Nitrile Gloves market in the U.S. is estimated at US$12.8 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$32.8 Billion by the year 2030 trailing a CAGR of 17.3% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.7% and 13.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 12.2% CAGR.
Looking Ahead to 2023
The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel.
Fears of new COVID outbreaks and China's already uncertain post-pandemic path poses a real risk of the world experiencing more acute supply chain pain and manufacturing disruptions this year. Volatile financial markets, growing trade tensions, stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced.
Year 2023 is expected to be tough year for most markets, investors and consumers. Nevertheless, there is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.
Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and Research Platform
Complimentary updates for one year
No. of Pages
2022 - 2030
Estimated Market Value (USD) in 2022
Forecasted Market Value (USD) by 2030
Compound Annual Growth Rate
Key Topics Covered:
Impact of Covid-19 and a Looming Global Recession
As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed in 2021?
Global Nitrile Gloves Market Witnesses Exponential Demand amid COVID-19 Crisis
Industry Faces a Staggering Demand-Supply Gap
Factors Responsible for Unwavering Demand
Reasons for Supply Shortage
Nitrile Gloves Shortage and Production Challenges in the US
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
Nitrile Gloves: A Prelude
Nitrile Gloves Enjoy Increasing Uptake on Expense of Powdered Latex Gloves
Synthetic Materials and Their Forte in a Nutshell
Factors Hampering Growth
Powder Free Gloves Register Strong Growth
Healthcare Segment Witnesses Rapid Growth
Developing Countries Hotspots for Future Growth
Global Production Landscape
Manufacturers Ramp Up Production Capacity to Meet Surging Demand for Nitrile Gloves
Hartalega's NGC Project: Capacity and Timelines
Recent Market Activity
MARKET TRENDS & DRIVERS
Nitrile Glove Frenzy & Skyrocketing Prices: A Lucrative Opportunity for Suppliers
Focus on Hand Hygiene to Curb Rising Incidence of Hospital Acquired Infections Propels Market Growth
Leading Nosocomial Infections in the US: Percentage Breakdown of Healthcare Cost from Leading Five Infections
Spectrum of Salient Drivers Augmenting Growth of Medical Nitrile Gloves Market
Rising Cases of Chronic Wounds
Prevalence of Chronic Wounds: Select Statistics
Increasing Number of Cosmetic & Plastic Surgeries
Rise in Number of Diagnostic Laboratories Spurs Demand for Medical Gloves
Vinyl Hybrid Gloves Gain Traction
Rise in Adoption of Textured Nitrile Gloves
Growth in the Food Processing Sector and Emphasis on Food Safety Augurs Well for Nitrile Gloves Market
Rising Importance of Hand Protection Supports Demand for Protective Gloves in the Industrial Sector
EXHIBIT : Untapped Potential in Asia as Measured by Lower Per Capita Glove Usage, Throws the Region into the Spotlight as the Focal Point for Future Growth in the Protective Gloves Market: Per Capita Glove Usage (In Pcs) by Select Country/Region
Workplace Safety Requirements Spur Demand
Annual Workplace and Work Related Fatalities (in Thousands) by Region
Nitrile Gloves Find Broader Uptake in Automotive Industry
Industry Witnesses Increased Demand for Micro-Roughened Nitrile Gloves
Companies Explore the Recycling of Medical Gloves
Manufacturers Focus on Biodegradable Gloves and Other Innovations
Counterfeit Gloves Entering the Supply Chain Form a Major issue
FOCUS ON SELECT PLAYERS (Total 190 Featured)
Cardinal Health, Inc.
Hartalega Holdings Berhad
Honeywell International Inc.
Kossan Rubber Industries Bhd
Rubberex Corporation (M) Berhad
Supermax Corporation Berhad
Top Glove Corporation Berhad
United Glove Inc.
For more information about this report visit https://www.researchandmarkets.com/r/8vlmz3
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