New study reveals the impacts of COVID-19 on the market
A new study shared by market research company Fact.MR says that the demand for disposable gloves has “spiraled” since the onset of the COVID-19 pandemic last year.
Fact.MR says the ongoing pandemic has led to growth in the hygiene and protection sectors, with the demand for disposable gloves part of this global trend:
“With personal hygiene and safety gaining serious prominence, demand for disposable gloves is skyrocketing. Furthermore, various governmental rules, regulations, and initiatives are favoring manufactures in increasing their sales footprint,” said a report analyst.
The market research company says that the disposable glove market is projected to expand at a compound annual growth rate (CAGR) of over 10 per cent until 2031.
Even before COVID-19, disposable gloves were a key bit of PPE in a number of sectors, most notably healthcare. With the pandemic, there has been even more demand from the medical sector.
The study reveals that there is a high demand for nitrile gloves which will continue, as well as non-powdered disposable gloves.
It also says that this market will remain lucrative in a number of countries, including Canada, over the next 10 years (other countries include China, Japan, the UK, South Korea and France). Fact.MR’s adds that the United State will lead the world’s largest disposable gloves industry.
The report is available online here.