Manufacturers Focus on Biodegradable Gloves and Other Innovations

DUBLIN, Oct. 11, 2021 /PRNewswire/ — The “Nitrile Gloves – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.

Global Nitrile Gloves Market to Reach $57.1 Billion by 2026

Amid the COVID-19 crisis, the global market for Nitrile Gloves estimated at US$14.1 Billion in the year 2020, is projected to reach a revised size of US$57.1 Billion by 2026, growing at a CAGR of 23.3% over the analysis period. Powder-Free, one of the segments analyzed in the report, is projected to grow at a 24.8% CAGR to reach US$59.9 Billion by the end of the analysis period.

After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Powdered segment is readjusted to a revised -2.8% CAGR for the next 7-year period. This segment currently accounts for a 9.6% share of the global Nitrile Gloves market.

The market received a considerable push from the COVID-19 outbreak that created exponential demand for nitrile gloves. Infection risk and implementation of strict hygiene protocols established nitriles gloves as a compelling option as these gloves play an important role in preventing spread of the infection while keeping laboratory and medical procedures sanitary.

The U.S. Market is Estimated at $11.4 Billion in 2021, While China is Forecast to Reach $13.6 Billion by 2026

The Nitrile Gloves market in the U.S. is estimated at US$11.4 Billion in the year 2021. The country currently accounts for a 33.58% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$13.6 Billion in the year 2026 trailing a CAGR of 29.1% through the analysis period.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18.3% and 22.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 20.2% CAGR while Rest of European market (as defined in the study) will reach US$14.8 Billion by the close of the analysis period.

The pandemic has led to remarkable spike in personal protective equipment demand from the healthcare industry and the general public. The scenario made it extremely challenging for manufacturers and other businesses to maintain desirable stock for ensuring employee safety. While the initial focus was on notable shortage of N95 masks, the short supply and escalating unit prices of nitrile gloves emerged as major concerns.

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Majority of hospitals and healthcare facilities were left struggling with shortage of medical-grade gloves rather than protective gowns and face masks. While significant shortages of essential items such as face masks, respirators and disinfecting wipes led to safety concerns, the sudden drop in availability of nitrile gloves remains a formidable challenge for healthcare facilities that rely heavily on these gloves owing to their high durability along with puncture- and chemical-resistant…