According to Fortune Business Insights, the global disposable gloves market size was valued at USD 17.12 billion in 2023 and is projected to grow from USD 19.88 billion in 2024 to USD 51.75 billion by 2032, exhibiting a CAGR of 12.7% during the forecast period. Southeast Asia dominated the disposable gloves market with a market share of 52.69% in 2023. Moreover, the disposable gloves market in the U.S. is projected to grow significantly, reaching an estimated value of USD 3,728.5 million by 2032, driven by the surge in chronic diseases coupled with the rise in the country's aging population.
The gloves that were usually limited to healthcare workers are now commonly utilized by the common public. Since gloves carries a vital role in protection against virus infection, the market witnessed significant growth owing to rising demand from both frontline workers and the general public. The global disposable gloves market share is highly competitive. The products are mainly produced by large firms. Due to the pandemic, small companies have also started glove production leading to a high competitive rivalry rate. Most small companies are focusing on the domestic market.
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