NITRILE GLOVES MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Nitrile Gloves Market Size and Trends

Global nitrile gloves market is estimated to be valued at USD 4.71 Bn in 2024 and is expected to reach USD 8.92 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 9.5% from 2024 to 2031. The widespread use of nitrile gloves in the healthcare, automotive, chemicals and other industries can drive the nitrile gloves market growth during the forecast period.

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The market is expected to witness prominent growth due to rising adoption in developing economies and increasing focus on preventive health measures. Growing healthcare industry coupled with rising healthcare spending boosts the use of nitrile gloves across various applications. Furthermore, stringent worker safety regulations especially in the chemicals and oil & gas industries can boost demand for protective gloves. Rising global focus on personal hygiene due to spread of infectious diseases like COVID-19 has further boosted the consumption of nitrile gloves in daily life.

Increasing Demand from Medical Industry

Global nitrile gloves market growth is driven by rising demand for these gloves from the medical industry. The COVID-19 pandemic has further emphasized the importance of personal protective equipment including gloves for medical professionals and healthcare workers. Nitrile gloves are widely used in hospitals and clinical settings as these provide superior resistance to many chemicals and are less likely to cause allergic reactions as compared to natural rubber latex gloves. These act as an important barrier between healthcare workers and contaminated materials, thus, preventing the spread of infections. With the ongoing pandemic, there has been increase in demand for nitrile gloves from hospitals and clinics worldwide. Medical facilities have increased their stock levels, and are procuring gloves in large quantities to ensure a continuous supply. Many governments are also now mandating the use of gloves in all healthcare settings. Manufacturers have ramped up their production capacity significantly to meet rising requirements from the medical sector. This increasing dependence as well as shortage of gloves in the medical industry cements nitrile gloves as an essential part of personal protective equipment. Even after the pandemic, glove usage is expected to remain at elevated levels in healthcare settings as a standard safety protocol. For instance, in March 2023, American Nitrile, a company specializing in production of healthcare gloves, announced a partnership with The Central Association for the Blind and Visually Impaired (CABVI). The partnership aims to distribute domestically manufactured nitrile gloves in response to increasing demand for PPE, while enhancing distribution efficiency nationwide. The gloves have been approved under the Make PPE in America Act, which mandates long-term procurement contracts for domestically produced PPE. Furthermore, these have secured an AbilityOne contract from the Transportation Security Administration (TSA) of the U.S. Department of Homeland Security (DHS). This initiative aims to support employment opportunities for individuals who are blind or have significant disabilities.

Increasing awareness about health and safety among workers

Workplace safety has become a major concern globally in the last few years. Due to pandemic, workers are now more aware about the importance of protective equipment to prevent the spread of infections at work. Nitrile gloves have emerged as one of the most effective barriers against germs and chemicals. Many countries have also made nitrile gloves mandatory personal protective equipment in high-risk occupations like healthcare, food services, construction, and others. This growing emphasis on worker well-being through regulations and education can boost demand for nitrile gloves. According to the data published by the World Health Organization, healthcare related infections affected over 42 million medical workers globally in 2020. With more medical workers realizing the role of nitrile gloves in reducing illness, there has huge demand for these gloves in hospitals and clinics. Countries like the U.S. have made it compulsory for all healthcare facilities to provide nitrile or latex gloves to staff to enhance safety. Guidance issued by countries including the U.K., Germany and France recommending frequent hand washing and use of gloves in food processing plants has boosted consumption of nitrile gloves.