The globaldisposable gloves marketsize was valued atUSD 23.03 billionin 2021. The market is projected to grow fromUSD 26.82 billionin 2022 toUSD 44.64 billionby 2029, exhibiting a CAGR of7.5%during the forecast period.This information is provided byFortune Business Insights, in its report, titled, Disposable Gloves Market, 2022-2029.
Source: https://www.fortunebusinessinsights.com/disposable-gloves-market-106777
COVID-19 Impact:
Augmented Demand from Healthcare Sector to Support Market Growth amid COVID-19
The COVID-19 has interrupted the supply chain and led to global hoarding for the PPE involving disposable gloves among others. During the preliminary phases of the pandemic, demand for disposable gloves and other protective gears rose and prices ascended, owing to supply chain interruptions caused by lockdown guidelines imposed across the world. In order to suffice the unparalleled demand observed during pandemic, numerous companies came forward and retrofitted their production line to manufacture PPE kits for frontline workers.