CAGR: 5.5%Current Market Size: USD 7.5 BillionFastest Growing Region: APAC
Largest Market: North AmericaProjection Time: 2023-2030Base Year: 2022
The global industrial safety gloves market is expected to grow from USD 7.5 billion in 2022 to USD 10.5 billion by 2030, at a CAGR of 5.5% during the Projection period 2023-2030. The growth of this market is mainly driven owing to the rising incidents of industrial accidents.
Personal protective equipment, such as industrial safety gloves, covers and protects the hands from the wrist to the fingertips at work, to provide protection against any kind of physical, chemical and biological hazard. When employees do not wear gloves, several occupational and industrial accidents occur. Some workers also wear gloves that are not as good as the required standards or are damaged, and such incidents emphasize the importance of workplace safety as well as the importance of personal protective equipment and industrial safety gloves. It has become increasingly important to improve societal health and hygiene in the past few years. Nowadays, personal cleanliness is vital for both health and social reasons. The importance of keeping one's hands and torso clean in order to prevent the transmission of disease and infection has become increasingly apparent. Food safety initiatives taken by governmental authorities and growing awareness about it among consumers will propel market growth. As manufacturers of safety gloves strategize and implement penetration strategies, they are expanding into lucrative markets, enticing regional and global distribution networks through product rollouts, collaborations with established players, acquisitions, and enchantment. Moreover, continuous research and development to make the product more demandable and acceptable among consumers will create more growth opportunities for the market in the future.
Sample Request: - Global Industrial Safety Gloves Market
Market Dynamics:
Drivers:
An important factor driving the global industrial safety glove market growth is the increasing innovation of products. New manufacturing processes will be developed as a result of the increasing demand for green products, which will ensure vendors are committed to using alternatives to petroleum-based plastics that are more environmentally friendly.
Restraints:
A negative impact of toxic chemical reactions will further slow the market's growth, and latex allergies can be a major problem, and they can even be fatal. It is important for those with latex allergies to avoid wearing latex gloves in the future. Further, latex glove products may cause allergic skin problems if they contain allergic latex proteins.
Opportunities:
In the industrial hand glove market, there is an increasing demand for synthetic rubber gloves over natural rubber gloves, which is expected to boost the growth rate. The use of latex gloves in various applications was previously widespread, but nitrile gloves have become one of the most popular goods as a result of the growing number of people’s sensitivity to latex.
Challenges:
There is a growing trend toward automation in manufacturing and other end-use industries, and very soon there will be no need for human labour in these industries. Furthermore, the demand for personal protective equipment, including industrial gloves, will be limited to a narrow range of applications. The rising technological advancements in the various sectors of end-user industries are hampering the growth of the industrial gloves market.
Segmentation Analysis:
The global industrial safety gloves market has been segmented based on material, end-user, and region.
By Material
The type segment includes nitrile, polyethylene, vinyl, natural rubber and others. The natural rubber segment led the largest share of the industrial safety gloves market with a market share of around 31% in 2022. Over USD 5 billion is predicted to be generated by the end of 2032 for the natural rubber glove segment. It offers superior characteristics such as snug fit, tactile sensitivity, and resistance to changes caused by acid, alkali, salt, etc., Natural rubber is an inexpensive raw material that offers protection against chemicals and liquids. Additionally, these gloves are considered more eco-friendly than synthetic gloves such as nitrile gloves.
By End-User
The end-user segments include chemicals, food, pharmaceuticals, manufacturing and others. The food segment led the largest share of the industrial safety gloves market with a market share of around 28% in 2022. Food is a basic necessity for living as a result of which the demand for industrial gloves in the food segment is propelling. The food segment holds a large share in the growth of the industry; the gloves market. In the food industry, it is very important to maintain hygienic conditions throughout the processing of food from storage to dispatch as a result of which gloves are used in the food industry widely, which is propelling the growth of the market.
By Application
The application segments include dairy products, ice creams & jellies, baked products, dietary beverages and others. The dairy products segment led the largest share of the industrial safety gloves market with a market share of around 28% in 2022. As a result of their moisture barrier packaging, bakery and confectionery products are generally stored for an extended period of time. Due to its advantages such as lightweight, printability, and cost-effectiveness, flexible packaging is widely used for the aforementioned application. The attractive packaging of confectionery products is expected to increase the segment's growth.
Global Industrial Safety Gloves Market- Sales Analysis.
The sale of industrial safety gloves expanded at a CAGR of 5.1% from 2016 to 2022.
To attract innovators to the industrial safety glove market, manufacturers continue to place a strong emphasis on sustainable development and innovative materials.
The market for industrial safety gloves frequently sees the launch of cutting-edge solutions that aim to increase efficiency via the fusion of high performance materials used in industrial safety glove manufacture. Industrial safety gloves made of leather are selling well, in addition to boosting demand for nitrile and rubber gloves for a variety of industrial applications.
Thus, for top manufacturers competing in the industrial safety glove market, material innovation will remain in the spotlight. The innovative Limitless Leather 360-degree Cut Impact Driver Glove from Ironclad, which blends comfort, dexterity, and affordability in one product, just garnered praise.
Thus, owing to the aforementioned factors, the global industrial safety gloves market is expected to grow at a CAGR of 5.5% during the Projection period from 2023 to 2030.
By Regional Analysis:
The regions analyzed for the industrial safety gloves market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. The North American region dominated the industrial safety gloves market and held a 38.4% share of the market revenue in 2022.
Global Industrial Safety Gloves Market - Country Analysis:
Germany's industrial safety gloves market size was valued at USD 0.55 billion in 2021 and is expected to reach USD 1.77 billion by 2029, at a CAGR of 5.6% from 2023 to 2030.
The automotive industry, which is a major industry in Europe, makes Germany the leading country in the Europe Industrial gloves market. Moreover, healthcare, automotive, food & beverage, and other end-user industries utilizing huge quantities of industrial gloves for manufacturing and other activities are propelling the market growth.
China’s industrial safety gloves market size was valued at USD 0.63 billion in 2021 and is expected to reach USD 1.98 billion by 2029, at a CAGR of 5.8% from 2023 to 2030.
Rising awareness about the use of proper protective gloves during working in extreme conditions is boosting the country’s market growth. Moreover, India's industrial gloves market has been growing due to the growing demand for multi-purpose gloves across a variety of industries such as mining, construction, automotive, heavy machinery equipment, and industrial handling & packaging.
India's industrial safety gloves market size was valued at USD 0.47 billion in 2021 and is expected to reach USD 1.73 billion by 2029, at a CAGR of 5.7% from 2023 to 2030.
Due to an influx of industrial and urbanization projects and government initiatives to create smart cities, India is one of the prominent countries in the construction industry, which will boost the growth of the industrial gloves market in the country.
Key Industry Players Analysis:
To increase their market position in the global industrial safety gloves market business, top companies focus on tactics such as adopting new technology, mergers & acquisitions, product developments, collaborations, partnerships, joint ventures, etc.
Latest Development:
Report Metrics
Report Attribute |
Details |
Study Period |
2022-2030 |
Base year |
2022 |
CAGR (%) |
5.5% |
Market Size |
7.5 billion in 2022 |
Projection period |
2023-2030 |
Projection unit |
Value (USD) |
Segments covered |
By Material, By End-User, and By Region. |
Report Scope |
Revenue Projection, competitive landscape, company ranking, growth factors, and trends |
Companies covered |
ANSELL LTD., uvex group, Rubberex Corporation, Honeywell International Inc., MCR Safety, KCWW, Midas Safety, 3M, Kossan Rubber Industries Bhd, Hartalega Hldgs, Globus, TOWA JAPAN, DIPPED PRODUCTS PLC, Protective Industrial Products, Lakeland Inc., and Midas Safety. |
By Material |
|
By End-User |
|
Regional scope |
|
Scope of the Report
Global Industrial Safety Gloves Market By Material:
Global Industrial Safety Gloves Market By End-User:
Global Industrial Safety Gloves Market By Region:
Global Industrial Safety Gloves market is expected to reach USD 10.5 billion by 2030.
The Industrial Safety Gloves market is projected to have a CAGR of 5.5%.
Based on the material, the Industrial Safety Gloves market is segmented into Nitrile, Polyethylene, Vinyl, Natural Rubber and Others.
Leading market players active in the global Industrial Safety Gloves market are ANSELL LTD., uvex group, Rubberex Corporation, Honeywell International Inc., MCR Safety, KCWW, Midas Safety, 3M, Kossan Rubber Industries Bhd, Hartalega Hldgs, Globus, TOWA JAPAN, DIPPED PRODUCTS PLC, Protective Industrial Products, Lakeland Inc., and Midas Safety, among other
Political Factors- A stable and welcoming business climate with predictable market growth tendencies is provided by high political stability. However, political unrest discourages investors and damages stakeholders' faith in the economy and, as a result, organizational performance. industrial safety gloves market is currently active in several nations, each of which is experiencing its own political unrest. The expansion of the gold industry may be hampered, and the industrial safety gloves market may have fewer opportunities for growth as a result of rising political tensions and instability worldwide. Government policy changes that happen frequently make the environment more unclear, which is bad for corporate success. industrial safety gloves market must keep up with political developments in the nation because a change in leadership could affect the government's priorities for the growth of certain industries.
Economic Factors- A nation's economic development directly impacts organizational performance. Growing economies present the industrial safety gloves market with numerous prospects for expansion. In a similar vein, it's critical to comprehend the stage of the industrial lifecycle. Due to market saturation, entering mature sectors might be more difficult than entering businesses in the growth stage. Furthermore, the amount of money invested on key infrastructure development by the host country's government impacts the industrial safety gloves market's financial success. The business climate is made easier by a well-developed infrastructure, which also boosts the gold industry's growth potential in the respective nation.
Social Factors- International marketing managers value culture as a key variable. Every civilization has unique norms and values that are crucial in determining how people behave as consumers. industrial safety gloves market should establish local partnerships and teams to better understand local opinions and social mores in order to produce marketing plans that are appropriate for the local environment. industrial safety gloves market also values the observation of social class stratification. industrial safety gloves market will need to use specialist marketing tactics to provide luxury goods at premium pricing to a market where the high-end market is relatively tiny. In areas with limited social class stratification, market segmentation based on social class may also be unsuccessful.
Technological Factors- To keep ahead of the competition, the industrial safety gloves market needs carefully analyze the ongoing technical developments. The potential for the 5G to improve business outcomes through improved user experience, better speed, and increased access should be closely monitored. Such technological advancements have the power to fundamentally alter a sector and rewrite the guidelines for market participants' success. Additionally, it's crucial to take into account the technology's state of development and maturity in the relevant industry. industrial safety gloves market can expand market share by concentrating on emerging technology advancements by entering markets where technological development has not yet matured.
Environmental Factors- Weather and climatic changes can have an impact on how effectively businesses operate. For instance, severe weather might raise operating costs and force the industrial safety gloves market to make the value chain more adaptable. These modifications may also affect consumer buying habits, which would need a firm to adjust its product and marketing tactics. The use of green/eco-friendly items is becoming more popular. industrial safety gloves market can seize the chance and implement green business strategies to gain the confidence of stakeholders. Priorities for product innovation are changing as a result of regulatory organisations' emphasis on ensuring conformity with environmental standards. industrial safety gloves market. must put promoting the eco-friendliness of its products ahead of traditional value propositions.
Legal Factors- The privacy and security concerns of consumers have made data protection a crucial issue. To safeguard consumer data, the industrial safety gloves market must research data protection laws. Laws are also in place to limit prices, guarantee a particular level of quality, and shield customers from deceptive marketing promises. For the industrial safety gloves market to be in accordance with consumer protection legislation, certain elements must be taken into account. Regulations governing intellectual property safeguard businesses' valuable ideas and patents. Losing competitive advantage due to a failure to maintain intellectual property rights may undermine the industrial safety gloves market's position relative to other market participants.
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