Disposable Gloves Industry Procurement Intelligence, Supplier Intelligence, Supplier Ranking Day One Analysis Report, 2020 – 2027
Procurement Outlook
Disposable gloves are an integral part of a PPE kit. Since the beginning of Covid-19, the demand for disposable gloves has increased rapidly. It increases the demand-supply gap significantly in 2020. Hence, it becomes very important to develop an efficient procurement strategy for disposable gloves.
Disposable globes can be categorized into four segments based on the type of raw material used.
- Nitrile gloves: It has a high puncture and chemical resistance capabilities.
- Latex gloves: It is extremely flexible and has high tensile stretch or the ability to resist tearing.
- Vinyl gloves: Vinyl gloves are made from PVC (polyvinyl chloride). It is lightweight and soft, used to handle low heat, such as hot food items.
- Poly gloves: These are the least expensive disposable gloves. Majorly used for food applications.
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Demand Outlook
The global disposable gloves market was valued at USD10.2 billion in 2020 and is expected to grow at a CAGR of 9.2% from 2020 to 2027 due to the growing demand for disposable gloves from the healthcare industry during the ongoing Covid-19 pandemic, along with the rising awareness about Healthcare-Associated Infections (HAIs). Natural rubber gloves are the most widely used disposable globes across the world due to their usability in multiple applications like medical & dental, food processing & service, janitorial & sanitation, pharmaceutical, etc. It accounted for more than 30% share in the global disposable gloves industry. North America is the largest geographic segment with over 35% global revenue share in 2020 followed by APAC and Europe.
Cost Drivers
The raw material cost is the major cost driver of disposable gloves production. Major raw materials include nitrile, latex, vinyl, etc. The cost of raw materials accounted for more than 45% of the overall disposable gloves production cost. Other key cost components include machinery, labor, storage, and distribution cost. These cost components accounted for more than 35% of the overall cost of production. Many suppliers are outsourcing the production to South East Asian Countries due to the availability of raw materials and low labor cost.
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About us:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of the supply chain which helps in efficient procurement decisions.
Our services include (not limited to):
- Market Intelligence involving - market size and forecast, growth factors, and driving trends
- Price and Cost Intelligence - pricing models adopted for the category, the total cost of ownership
- Supplier Intelligence - rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
- Sourcing / Procurement Intelligence - best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best-suited countries for sourcing to minimize supply chain disruption
Our market/procurement Intelligence reports include in-depth and actionable insights that help clients in understanding the different aspects of the supply chain and take more effective decisions.
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