Nitrile Gloves Global Market Report 2024

The global nitrile gloves market has grown strongly in recent years. It will grow from $15.18 billion in 2023 to $16.68 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The growth observed in the historical period can be credited to several factors, including advancements in healthcare, an uptick in healthcare spending, stringent occupational safety regulations, heightened focus on pandemic preparedness, and the globalization of supply chains within the healthcare sector.

The global nitrile gloves market is expected to see rapid growth in the next few years. It will grow to $24.85 billion in 2028 at a compound annual growth rate (CAGR) of 10.5%. The anticipated growth in the upcoming period is driven by factors such as increased emphasis on educating both consumers and industries, the influence of geopolitical and economic dynamics, the growing demand for environmentally friendly solutions, expansion into new industries, and the focus on cost efficiency and affordability.

The nitrile gloves market is set to surge, propelled by the escalating healthcare expenditure. This expenditure encompasses various aspects such as family planning, nutrition activities, emergency health aid, and health services. The increased investment in healthcare products and safety solutions due to augmented healthcare spending is expected to drive market growth. For instance, according to CIHI in November 2023, Canada's healthcare spending is projected to reach $344 billion, marking an expenditure of $8,740 per Canadian and constituting 12.1% of the country's GDP. This increase follows a modest 1.5% rise in 2022, signaling the significant impact of rising healthcare expenditure on the nitrile gloves market.

The upsurge in chronic diseases incidence is anticipated to propel growth in the nitrile gloves market. Chronic diseases, persisting for extended periods and often lifelong, present a substantial challenge in healthcare. Nitrile gloves play a pivotal role in preventing infections and maintaining hygiene in healthcare settings, contributing significantly to managing chronic diseases. The World Health Organization's data in September 2022 highlighted 41 million annual deaths globally, with 74% attributed to non-communicable diseases (NCDs) or chronic diseases. Among these, cardiovascular diseases, cancer, chronic respiratory diseases, and diabetes accounted for significant fatalities, underscoring the critical role of nitrile gloves in disease management.

Innovative product developments emerge as a notable trend driving the nitrile gloves market. Industry leaders are focusing on pioneering technological solutions to strengthen their market presence. For instance, in March 2022, Kimtech launched the prizm multi-layered neoprene nitrile glove, offering enhanced chemical protection and superior wet fingertip grip. Designed with dark violet and dark magenta colors for easy breach identification, these gloves are also accelerator-free, reducing the risk of allergic reactions and showcasing a leap in product innovation.

Prominent companies in the nitrile gloves market are responding to the demand for sustainability by introducing eco-friendly alternatives. These gloves address environmental concerns associated with traditional nitrile gloves. In May 2023, Cranberry unveiled the Bio Nitrile Biodegradable Nitrile Powder Free Examination Gloves, featuring a unique additive accelerating material breakdown in landfills by up to 90% within 1.5 years. Despite their biodegradability, these gloves surpass ASTM standards for strength and durability, making them suitable for dental and medical settings. This launch signifies a substantial advancement in the healthcare industry, offering an environmentally conscious option in examination gloves.

In January 2023, Tradex Holdings, a wholesale supplier of disposable gloves based in the United States operating under the parent company HX Pro, successfully acquired Tradex International, along with its flagship brand AMIBITEX, for an undisclosed sum. This strategic acquisition by Tradex Holdings was aimed at bolstering operational efficiency, augmenting production capacity, and modernizing their operations. Tradex International, a U.S.-based company specializing in marketing, import-export services, and AMIBITEX, known for being a leading manufacturer of disposable gloves and personal protective equipment across food service, janitorial, and sanitation sectors, were key entities incorporated into this acquisition.

Major companies operating in the nitrile gloves market report are Top Glove Corporation Berhad, Ansell Limited, Hartalega Holdings Berhad, Adenna LLC, Unigloves Limited, Kossan Rubber Industries Berhad, MCR Safety, Ammex Corporation, Dynarex Corporation, Rubberex Corporation (M) Berhad, YTY Group, Superior Gloves Works Ltd., Supermax Corporation Berhad, Nacosa USA Corp., Innovative Healthcare Corporation, Nitronix International Pte. Ltd., Renco Corporation, Safetouch PPE Inc., SAS Safety Corporation, HMD Healthcare Corp., The Glove Company LLC, American Nitrile, Kimberly-Clark Corporation, Semperit AG Holding, Showa Group, Globus Ltd., Riverstone Holdings Limited, Cardinal Health Inc., Medline Industries Inc., Halyard Health Inc.

North America was the largest region in the nitrile gloves market in 2023. The regions covered in the nitrile gloves market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the nitrile gloves market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The spectrum of nitrile gloves, variations include powder-free and powder-coated options. Powder-free nitrile gloves, devoid of cornstarch or any powder-like substance, offer skin-friendly attributes. They are prevalent in industries such as mechanical and food, catering to diverse applications. Textural variants encompass smooth, micro-roughened, and aggressively textured options, serving medical, industrial, and food-grade purposes. End-users span various sectors including healthcare, food and beverage, automotive, construction, oil and gas, pharmaceuticals, chemicals, metals and machinery, clean rooms, and other industries.

This report provides nitrile gloves market statistics, including nitrile gloves industry global market size, regional shares, competitors with a market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the nitrile gloves industry. This nitrile gloves market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The nitrile gloves market consists of sales of nitrile exam gloves, nitrile industrial gloves, green nitrile, and black nitrile gloves. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The nitrile gloves market is segmented into nitrile exam gloves, nitrile industrial gloves, green nitrile, and other gloves.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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