Global Vinyl Gloves Market Size (2023 - 2030)

In 2022, the Global Vinyl Gloves Market was valued at $1.968 million, and is projected to reach a market size of $2.78 million by 2030. Over the forecast period of 2023-2030, market is projected to grow at a CAGR of 4.4%.

Industry Overview:

Vinyl disposable gloves are made of plasticizers and polyvinyl chloride and are free of latex. In comparison to neoprene gloves, these gloves provide a high level of comfort and tactile sensitivity. When changing gloves frequently is necessary, such as when preparing food, vinyl gloves are ideal. The manufacturing, food processing, print and assembly, medical, and assembly industries all employ vinyl gloves. The most economical material for gloves is polyethylene (PE). PE gloves come with a loose fit and are portable. These are specially made to put on and take off quickly and easily. Gloves made of polyethylene are also free of powder and latex. For light-duty tasks that call for frequent glove changes, like preparing salads and other foods, processing and serving food, PE gloves are employed. The COVID-19 epidemic and the expanding public awareness of healthcare-associated diseases are projected to drive market growth for disposable gloves, particularly in the healthcare sector. Several causes, including rising investments in the public and private sectors, rising population, and an increasing geriatric population, are estimated to contribute to the substantial growth of the healthcare industry in major developing economies. Additionally, increasing healthcare costs are anticipated to spur the expansion of the healthcare industry, which is anticipated to increase demand for disposable gloves.The research and development efforts of the key market players are predicted to increase due to growing knowledge of the value of raw materials in delivering high heat resistance, comfort, elasticity, and lightweight qualities.By incorporating cutting-edge add-ons to the current designs, these initiatives seek to make disposable gloves multifunctional and increase the range of applications for them.

COVID-19 pandemic impact on Vinyl Gloves Market

The COVID-19 pandemic's spread has increased demand for disposable gloves, particularly in the healthcare industry to stop further transmission. One of the main causes of health problems among workers has been exposed to dangerous chemicals while working in certain industries. Bloodborne infections, hand wounds, skin disorders, rashes, and amputation are some of the frequent concerns encountered in a variety of industries, including healthcare, medicine, and mining. The primary drivers projected to drive the market throughout the forecast period are probably safety regulations. Additionally, due to the virus's rapid spread, healthcare professionals involved in specimen collection were required to wear the proper protective gear, including gloves, to prevent infection.The World Health Organization and the U.S. Food and Drug Administration have recommended strict usage of medical gloves for all healthcare operations, including examinations, surgical interventions, regular check-ups, tests, etc. To protect patients and professionals against disease cross-contamination, this led to a significant need for medical gloves in 2020. As a result, the demand for medical gloves increased due to the effective execution of methods to reduce infections and other dangers during the COVID-19 pandemic, and it is projected that this will favorably impact business growth in the upcoming years.

MARKET DRIVERS:

The vinyl glove industry is expanding rapidly due to growing applications in the health and food industry

Due to increased demand in the food and healthcare industries, the vinyl glove market is anticipated to experience rapid expansion. For hand protection in situations involving medications, chemicals, and reactive unclean materials, disposable gloves are frequently utilized. Additionally, the usage of disposable gloves during operations, dental procedures, and physical examinations are common in the medical field. These gloves' disposable nature and cost-effective fuel demand and market expansion. Additionally, the market for disposable gloves is anticipated to be driven in the future by risks including the growth of various infectious diseases and microbial activity in handling food goods. In limited numbers, households also request disposable gloves as hygiene awareness continues to develop. Disposable gloves are also used when handling chemicals, pesticides, fuel, and agricultural products.

The business landscape is likely to experience a boom due to the rising prevalence of contagious diseases and growing awareness of safety and cleanliness

The market share for medical gloves will grow as more healthcare workers become aware of the value of cleanliness and safety concerning potential health effects. Medical gloves are now much more in demand due to the COVID-19 pandemic, which has had a substantial impact on product uptake and raised safety and precautionary measures for both patients and medical professionals. The concern is growing over the rise in common viral diseases. As a result, the high disease incidence linked to safety and hygiene is favorably influencing the medical glove market's revenue. The market for medical gloves has also considerably benefited from measures to raise healthcare spending and enhance infrastructure in several different countries. Therefore, encouraging government initiatives to raise awareness of safety and hygiene issues as well as chronic health conditions are also anticipated to have a positive impact on the market.

MARKET RESTRAINTS:

The competitive price methods by numerous market players may cause a decline in consumer demand, which would slow down the adoption

Many market players have set strict prices for gloves of the same quality, which has decreased the market value among consumers, particularly in emerging economies. Medical gloves are now required for many different healthcare procedures due to the COVID-19 outbreak. As a result, various market participants adopted competitive price methods to attract customers. This price may severely limit some market participants' access to medical gloves in the future. In the long run, though, its impact will be negligible as manufacturers develop new technologies to lower the cost of their goods.Climate and temperature can also have an impact on the global market share.

 VINYL GLOVES MARKET REPORT COVERAGE:

This research report on the Vinyl Gloves market has been segmented based on form, application, distribution channel, and region.

Global Vinyl Gloves Market – By Form

• Powdered Disposable Gloves
• Non-powdered Disposable Gloves

Based on Form, the Vinyl Gloves Market is bifurcated into Powdered Disposable Gloves and Non-powdered Disposable Gloves. The powder-free product segment led the market and accounted for over 70.0% share in 2021. Over the forecast period, strict limitations on the usage of powdered gloves by several governments globally are anticipated to positively affect the market growth for powder-free gloves. Powder-free gloves are made less form-fitting by chlorination treatment, which also makes them easier to put on and take off. Over the forecast period, increasing demand for powder-free gloves across several industries, including chemical, medical, and food processing, is anticipated to drive the market. When opposed to powder-free gloves, powdered gloves have the potential to fit snugly and provide a defense against dangerous chemicals or physical pollutants. The U.S. Food and Drug Administration (FDA) prohibited the production, sale, and distribution of all powdered patient examination gloves, powdered surgeon gloves, and absorbable powder used to lubricate surgeon's gloves on January 19, 2017.

Global Vinyl Gloves Market – By Application

• Medical
  • Examination
  • Surgical
• Non-medical
  • Food Service
  • Clean Room
  • Industrial

Based on Applications, the Vinyl Gloves Market is bifurcated into Medical and Non-Medical. Gloves used by medical workers worldwide for examination and testing as well as to minimize contact with infected patients increased in demand as a result of the COVID-19 pandemic's global spread. Due to greater demand in hospital, veterinary, and dental applications, disposable examination gloves have seen significant expansion in the medical industry. In many different industries, such as food processing, automotive, oil and gas, construction, and metal fabrication, hand injuries are a typical occurrence. To safeguard employees against these accidents, disposable gloves are crucial. These gloves shield the hands from a variety of hazards, including heat, splinters, bodily fluids, sharp edges, strong vibrations, electricity, and extreme cold. Additionally, it is predicted that the demand for protective gloves will increase in the next years due to growing worries about worker safety and measures to lower accident rates in manufacturing plants.

Global Vinyl Gloves Market – By  Distribution Channel

• Wholesaling and Direct Selling
• Medical Store
• Online Store

Based on Distribution Channel, the Vinyl Gloves Market is bifurcated into Wholesaling and Direct Selling, Medical stores, and Online stores. By 2030, the brick-and-mortar retailers category is projected to increase at a CAGR of 17.2%, surpassing all other market segments. Since they are more convenient to reach and offer superior customer service to far-flung regions worldwide, brick-and-mortar stores are still a viable option. These retailers have a vast consumer base thanks to their extensive distribution networks, which boosts the market income for medical gloves. Building strong customer relationships through direct sales is made possible by brick-and-mortar businesses. It will be easier for emerging markets to accept and use items if they are available and of higher quality.

Global Vinyl Gloves Market - By Region:

• North America
• Europe
• Asia-Pacific
• Rest of the World

In 2021, North America dominated the Vinyl Gloves market and generated over 35.0% of global revenue. This is due to the region's well-developed healthcare system, safety regulations for industrial and healthcare workers, and rise in healthcare spending. The COVID-19 epidemic has greatly increased the demand for disposable gloves in the area. The region's market is estimated to increase favorably as a result of rising healthcare spending, an aging population, and greater public awareness of healthcare-acquired infections. The reform plan includes investments in new facilities as well as the infrastructure and modernization of the public healthcare system. The demand for medical devices and equipment is anticipated to increase as a result of these advances. The region's leading market companies are also working to develop and promote new products that will help North America's industrial sector grow. Important health-related organizations like OSHA continue to encourage safe and hygienic working practices.

Disposable gloves are in higher demand in industrial, food & beverage, and medical settings in the Asia Pacific region. Due to rising healthcare costs, a sizable chronic disease patient population, and rising disposable incomes, Asia-Pacific is estimated to experience significant growth.

The Latin American vinyl gloves market is anticipated to expand at a CAGR of 5.7% during the forecast period. The market in the region is anticipated to gain from factors including rising public-private partnerships in the healthcare sector, strengthening healthcare infrastructure, and expanding the healthcare sector over the forecast period.

 Major Key Players in the Market

1.  Top Glove Corporation Berhad
2. Semperit AG Holding
3. Supermax Corporation Berhad
4. Ansell Limited, Adenna LLC
5. Unigloves Limited, Cardinal Health, Inc.
6. Ammex Corporation
7. SHEILD Scientific
8. Medline Industries, Inc
9. Berner International GmbH,  among others.

Notable happenings in the Vinyl Gloves Market in the recent past:

• Acquisition- In January 2020, Medline acquired the Canadian distributor of medical and dental supplies Médi-Sélect. This acquisition will aid Médi-Sélect in expanding its customer base throughout the nation and boosting revenue growth.