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Gloves Market 2021-2025 | Increase In Rubber Production to Boost Growth

Gloves Market 2021-2025 | Increase In Rubber Production to Boost Growth
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Rubber Gloves Market to Garner $122.5 Billion, Globally, By 2030 at 12.2% CAGR, Says Allied Market Research

Rubber Gloves Market to Garner $122.5 Billion, Globally, By 2030 at 12.2% CAGR, Says Allied Market Research
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Global Rubber Gloves Market Report, 2020-2027 - Market is Expected to Reach $22.1 Billion


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The global rubber gloves market size is expected to reach USD 22.1 billion by 2027. The market is expected to expand at a CAGR of 14.7% from 2020 to 2027.
Rising government expenditures towards the healthcare industry across countries including Germany, Italy, India, Australia, and the U.K., is expected to drive the market over the forecasted period.
The market is driven by rising adoption in industries such as automotive, oil and gas, construction, cleanroom, metal and machinery, and chemicals to prevent injuries at workplaces. This can be attributed to the presence of stringent regulations in various countries towards workers safety, such as Occupational Safety and Health Administration (OSHA), and high costs associated with workplace hazards.

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Global Gloves Market Value to Increase by Over $8 Billion Between 2020-2024 | Maximum Demand for Disposable Gloves | Technavio


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The gloves market is poised to grow by USD 8.02 billion during 2020-2024 progressing at a CAGR of almost 9% during the forecast period. The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment.
Technavio has announced its latest market research report titled Global Gloves Market 2020-2024 (Graphic: Business Wire)
For a More Detailed Analysis,
The report on the gloves market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis. The market is driven by the increase in rubber production. Countries such as Cambodia, China, India, Indonesia, Malaysia, Papua New Guinea, the Philippines, Singapore, Sri Lanka, Thailand, and Vietnam account for almost 90% of global rubber production. These countries have been witnessing a steady growth in rubber production over the years. For instance, natural rubber production in India grew by 9.5% in 2019. This is positively influencing the growth of the market in focus. Also, the study identifies extreme weather conditions as one of the prime reasons driving the gloves market growth during the next few years.

Malaysia , Philippines , United-states , Thailand , India , United-kingdom , Cambodia , China , Vietnam , Republic-of , Papua-new-guinea , Indonesia

Global Gloves Market Value to Increase by Over $8 Billion Between 2020-2024 | Maximum Demand for Disposable Gloves | Technavio

Global Gloves Market Value to Increase by Over $8 Billion Between 2020-2024 | Maximum Demand for Disposable Gloves | Technavio
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Global Gloves Market Value to Increase by Over $8 Billion Between 2020-2024 | Maximum Demand for Disposable Gloves | Technavio - Press Release

Global Gloves Market Value to Increase by Over $8 Billion Between 2020-2024 | Maximum Demand for Disposable Gloves | Technavio - Press Release
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Technavio Research: Global Gloves Market Value to Increase by Over $8 Billion Between 2020-2024 | Maximum Demand for Disposable Gloves


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The gloves market is poised to grow by USD 8.02 billion during 2020-2024 progressing at a CAGR of almost 9% during the forecast period. The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201218005083/en/
Technavio has announced its latest market research report titled Global Gloves Market 2020-2024 (Graphic: Business Wire)
For a More Detailed Analysis,
Get a Free Sample Report Delivered Instantly
The report on the gloves market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis. The market is driven by the increase in rubber production. Countries such as Cambodia, China, India, Indonesia, Malaysia, Papua New Guinea, the Philippines, Singapore, Sri Lanka, Thailand, and Vietnam account for almost 90% of global rubber production. These countries have been witnessing a steady growth in rubber production over the years. For instance, natural rubber production in India grew by 9.5% in 2019. This is positively influencing the growth of the market in focus. Also, the study identifies extreme weather conditions as one of the prime reasons driving the gloves market growth during the next few years.

Malaysia , Philippines , United-states , Thailand , India , United-kingdom , Cambodia , China , Vietnam , Republic-of , Papua-new-guinea , Indonesia