The global gloves market was valued at USD 9 billion in 2016 and is expected to surpass USD 16 billion by 2021, says Technavio.
Technavio has announced its latest market research report on the global gloves market. This market analysis discusses the major drivers and key emerging trends and offers an analysis of key vendors like Honeywell, Ansell Healthcare, 3M, and Top Glove.
According to Abhay Sinha, a lead analyst at Technavio, “The extreme weather conditions is one of the major drivers driving the global gloves market. Global warming is a phenomenon that is increasing at an alarming rate. It is concerned with the gradual increase in global temperature owing to the greenhouse effect caused due to the increased levels of carbon dioxide, chlorofluorocarbons, and other pollutants.”
Global warming is also responsible for generating extreme weather conditions across the globe, with summers getting hotter and winters colder. Regions that face heavy snowfall are facing extreme winters, which is driving the global gloves market, which includes winter wear and leather gloves.
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Use of green and recyclable material
Glove manufacturers emphasize on green manufacturing processes, technologies, and sustainability. The hand protection product manufacturers, regulators, and marketers are stressing on green manufacturing such as the use of green resources like sun and wind power. This can minimize the costs of the use of water and decreases consumption of non-productive electricity. Various vendors are now considering options to reduce the amount of scrap produced and decrease their reliance on petrochemical resources. There is an emphasis on employing improved fibers and new sources of natural fibers.
Technological advances
The current market scenario for any commodity and equipment involves constantly striving to innovate and keep up with the technological advance. Recent developments in the gloves market include touch screen gloves. Touch screen gloves help in usage, along with remaining connected to the various smart devices. Touchscreen devices are based on two technologies –– resistive and capacitive. Resistive technology requires one to push down on the touchscreen, whereas capacitive requires real touch.
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This research report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. An analysis of the key companies, including their market shares, business overview, key financials, etc. is provided in this study. This market study also provides a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio market research report titled, ‘Global Gloves Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Industrial Safety Gloves Market 2017-2021
- Global Foodservice Gloves Market 2017-2021
- Global Foodservices Disposable Market 2017-2021
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