Market Research Report
Global Protective Gloves Market - 2020-2027
|Global Protective Gloves Market - 2020-2027|
Published: April 3, 2021
Content info: 180 Pages
Delivery time: 2 business days
The protective gloves market size was worth US$ XX billion in 2019 and is estimated to reach US$ XX billion by 2027, growing at a CAGR of XX % during the forecast period (2020-2027).
Protective gloves are used to prevent injuries to the hands while working in dangerous environment, avoiding 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.
The global protective gloves market growth is driven by increasing safety concerns, increasing industrial accident cases and government regulations on PPE.
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 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.
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
Amid the pandemic, various guidelines and restrictions were imposed by the government to avoid 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.
By material, the protective gloves market is classified into nitrile, latex, butyl, polyvinyl chloride (PVC), vinyl and others.
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, 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.
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, the 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.
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.
The global protective gloves market report would provide access to an approx: 77 market data table, 79 figures and 240 pages.
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