Published By : 18 Aug 2016 | Published By : QYRESEARCH
The global glove market is set to boom with the substantially rising global demand for industrial gloves from various end-users. The flourishing growth of industries such as chemicals, pharmaceutical, and food and beverages has led to increased manpower in these sectors, thereby boosting the demand for industrial gloves.
Disposable Gloves to Maintain Lead with Overwhelming Margin
The disposable gloves are so designed that they can be worn and taken off frequently. This quality of these gloves makes them more preferable than re-usable drugs. The use of reusable gloves can be time-consuming as they require proper decontamination and storage between uses, thereby adding an extra task to the operational schedule of a worker. Therefore, the increasing demand for disposable gloves is likely to fuel the overall growth of the global industrial gloves market.
Worker Safety Measures to Bode Well for Growth of Global Industrial Gloves
Rapid industrialization has formed the basis for the growth of the global industrial gloves market. The usage of industrial gloves across several operations in various industries can be attributed to worker safety regulations enforced by governments and organizations. These rules are observed to be more stringent in developed countries rather than in developing countries. The growth of the global industrial gloves market is, thus, backed by the employee safety rules.
Product Innovation to Help Key Vendors in Industrial Gloves Market in Acquiring Large Consumer Base
The global industrial gloves market is highly fragmented. The multinational companies operating in the market offer high-quality products. However, the high cost of their offerings hampers their sales. This challenge is further amplified by the presence of local players that offer slightly lower quality at much cheaper prices. This poses a threat of being replaced by small players, especially in emerging regions that mainly constitute of cost-conscious industries. Therefore, the international players are adopting product innovation at reduced costs to maintain their hold in the market. Product innovation by these key manufacturers is also likely to open new avenues for the global industrial gloves market.