Personal Protective Equipment (PPE) Gloves Market Outlook and Forecast till 2030 (2023)

FAQs

Personal Protective Equipment (PPE) Gloves Market Outlook and Forecast till 2030? ›

Hand protection is estimated to witness growth at a CAGR of 5.6% from 2022 to 2030 in terms of revenue owing to the increasing adoption of gloves to limit the spread of the COVID-19 infection through surface contact.

Expanding automotive sector to create new growth opportunities across North America. North America personal protective equipment market surpassed USD 18 billion in 2022 and is estimated to grow at over 7.5% CAGR through 2032.

The Global Industrial Safety Gloves Market was valued at USD 9,238.8 million in 2021 and is projected to register a CAGR of 7.50% during the forecast period.

Report Overview. The U.S. PPE market size was estimated at USD 23.65 billion in 2021 and is anticipated to grow at a compounded annual growth rate (CAGR) of 6.7% from 2022 to 2030.

Gloves should be changed after patient contact and must be changed between patients.

Requests for Sanitizing & Other Types of PPE

PPE shortages are still severe, especially in our most vulnerable communities.” N95s and nitrile gloves continue to be in short supply, or if available, too expensive for many low-cost clinics and small hospitals to afford.

Competition is expected to intensify in the coming years, especially in the Chinese market. The global Personal Protective Equipment (PPE) market was valued at USD 48130 million in 2019 and is expected to reach USD 81790 million by the end of 2026, growing at a CAGR of 2.4 Percent during 2021-2026.

The worldwide industrial gloves market is expected to rise from USD 14.4 billion in 2022 to USD 16.06 billion in 2023, at a compound annual growth rate (CAGR) of 11.2%, according to a study by The Business Research Company.

Report Overview. The global disposable gloves market size was estimated at USD 12,306.0 million in 2022 and is projected to grow at a compounded annual growth rate (CAGR) of 3.9% from 2023 to 2030.

Top Glove stock price: what's the latest forecast? Top Glove shares are down by 73% in 2022, as demand for medical gloves began to normalise. In terms of stock outlook, the latest analyst sentiments published by SGX StockFacts show a consensus rating of 'underperform', alongside a price target of S$0.33 on the stock.

What industry uses the most PPE? ›

The healthcare end-use segment led the market in 2022 accounting for the highest revenue share of 19.1%, credited to the rising demand for hand protection, respiratory protection, and protective clothing in the healthcare industry.

India has become the second-largest manufacturer of Personal Protective Equipment in the world following China which is currently leading producer of PPE in the world.

Gloves are a type of personal protective equipment (PPE). Other types of PPE are gowns, masks, and shoe and head covers. Gloves create a barrier between germs and your hands. Wearing gloves in the hospital helps prevent the spread of germs.

In practical terms, gloves play an important role in protecting workers from exposure to blood-borne viruses, especially where there is a risk of injury, such as a puncture wound with contaminated sharps, abrasions or cuts.

Employers shall select and require employees to use appropriate hand protection when employees' hands are exposed to hazards such as those from skin absorption of harmful substances; severe cuts or lacerations; severe abrasions; punctures; chemical burns; thermal burns; and harmful temperature extremes.

Going forward, the global smart PPE technology market technology market is projected to grow from $3.13 billion in 2021 to $9.05 billion in 2028.

Target Audience: Personal Protective Equipment (PPE) training is intended for individuals whose job has identified potential exposure to hazards that can be reduced by use of PPE.

Even with millions of Americans vaccinated against COVID-19, many physicians continue to report problems accessing personal protective equipment (PPE). In addition, supply chain issues may further impact the ripple effect in the shortage of PPE for healthcare workers.

The Market Is Projected To Grow From USD 130.90 Billion In 2022 To USD 377.30 Billion By 2030, Exhibiting A CAGR Of 16.3% During The Forecast Period. Our research shows that the world market grew by an average of 13.9% from 2019 to 2020.

Is PPE a long term investment? ›

Property, plant, and equipment (PP&E) are long-term assets vital to business operations and the long-term financial health of a company.

Providing adequate PPE is not only a worthwhile investment in the safety of your employees, but, in most cases, required by government regulatory agencies, such as OSHA.

Top Glove Corporation Bhd was established in 1991 in Malaysia and has since grown from a single factory with one glove production line into the world's largest manufacturer of gloves.

Top Glove said it aims to continue expanding its global market share via an incremental increase in its production capacity from 2022 to 2025. “As at the date of publication (Dec 24), we have planned a capacity increase of 11% in 2022, 23% in 2023, 18% in 2024, and 24% in 2025.

On a whole, the global supply of gloves is expected to not grow in 2023 and by 3% y-o-y in 2024, the research house predicted. Fortunately for glove makers, the price of raw materials like latex and nitrile have eased. These products account for 45% of manufacturing costs.

May 2022) Top Glove Corporation Berhad is a Malaysian rubber glove manufacturer who also specialises in face masks, dental dams, and other products.

Supply and demand

During the covid-19 pandemic, the global demand for disposable gloves has increased immensely. There's been a sudden increase of 45% in the global demand for nitrile gloves, as a result, the balance of the supply and demand chain has collapsed.

The glove manufacturing industry has been suffering from oversupply of gloves, at a time when global demand has been reducing. The entry of non-glove players into industry, including from China, has resulted in a glut.

Nitrile Gloves Market Outlook (2023-2033)

Worldwide revenue from the nitrile gloves market was about US$ 5.3 Billion in 2022, with the global market estimated to surge ahead at a CAGR of 21.6% to reach a valuation of US$ 47.3 Billion by the end of 2033.

Who has the largest market share in the Glove industry? ›

Based on Margma's data, Malaysia remains in the dominant position, making up 60% to 65% of the global market share for gloves, while China makes up 20% and Thailand, 10%. “After the pandemic, some customers may outsource some supply to Chinese manufacturers, to diversify the risk of concentration.

India now second-largest producer of PPE kits: Textile ministry | Latest News India - Hindustan Times.

How to Increase PPE Turnover Ratio. Increase Sales: Your equipment may be producing more products than you can sell in a reasonable time. Find ways to move those products more quickly, including discounting bulk purchases, holding sales on old products, or initiating promotional campaigns.

With few exceptions, OSHA requires employers to pay for personal protective equipment when it is used to comply with OSHA standards. These typically include: hard hats, gloves, goggles, safety shoes, safety glasses, welding helmets and goggles, face shields, chemical protective equipment and fall protection equipment.

Personal Protective Equipment Market Size

The global personal protective equipment (PPE) market size was valued at USD 68.5 billion in 2022 and is projected to reach USD 64.2 billion by 2027, at a cagr -1.3% from 2022 to 2027.

OSHA requires that many categories of PPE meet or be equivalent to standards approved by the American National Standards Institute (ANSI). ANSI has been preparing safety standards since the 1920s, when the first safety standard was approved to protect the heads and eyes of industrial workers.

Benefits of investing in quality PPE and WHS systems include decreased likelihood of worker injury, increased staff productivity, morale and retention rates, and peace of mind that you have done all that is necessary to protect your workers.

Alternatives and possible competitors to Protective Industrial Products may include Zija International , Unique Industries , and Pyramex Safety Products .

It helps to protect everyone in the business from risk and injury, even so far as bacteria and hygiene go. Even offices and retail stores should provide employees with PPE that can help to lower the risk of viral infections.

What is impossible for gloves to protect against? ›

39 What is impossible for gloves to protect against? A Hazardous substances.

Although gloves protect hands from hazardous environmental factors, there are problems associated with their frequent use. Dirt, irritation, maceration, allergy, and lack of comfort are the most important problems for consideration.

Employers Must Pay for Personal Protective Equipment (PPE)

completely voluntary. Even when a worker provides his or her own PPE, the employer must ensure that the equipment is adequate to protect the worker from hazards at the workplace.

Disposable gloves can reduce the spread of infection and protect someone who is going out in public by keeping their hands clean, dry and germ free. If someone chooses to wear gloves in public it is vital they do not touch their face, phone or any surfaces they do not need to and remove the gloves correctly.

Gloves are the most common type of PPE used in healthcare settings.

General purpose gloves keep hands clean and protected from minor abrasions. Knit general purpose gloves include task and chore gloves and are made of spun yarn for breathability.

For example, gloves must be worn when it can be reasonably anticipated that the employee may have hand contact with blood or other potentially infectious materials and when handling or touching contaminated items or surfaces.

By 1966, disposable latex gloves were the norm in operating rooms nationwide, and in the 1980s, the need for “universal precautions,” prompted by the AIDS epidemic, increased their use outside the operating room and among health care workers everywhere.

Many nursing homes have reported shortages of PPE, which has led to the use of lower-grade equipment or the reuse of equipment across patients with and without COVID-19. In response to this shortage, the federal government promised to provide two weeks' supply of PPE to all US nursing homes back in May.

What is the most effective PPE for COVID? ›

Preferred PPE– Use N95 or Higher Respirator

When respirators are not available, use the best available alternative, like a facemask.

PPE protects the wearer from infection. Proper use helps keep health workers safe and stops the spread of COVID-19.

Some manufacturers say 3 years, others say an in use life of up to 5 years. Obviously how much exposure that they have had, how they have been stored, how many knocks they have had will determine the replacement interval.

PPE is the least effective way to protect workers from workplace hazards because if the equipment fails, workers are exposed to the hazard. PPE includes respirators, face and eye protection, hearing protection, gloves, and protective clothing.

PPE's competitors and similar companies include Alsons, Romi, Precise Cast and Prunella Machine.

Level A protection is required when the greatest potential for exposure to hazards exists, and when the greatest level of skin, respiratory, and eye protection is required.