Global glove sales were 385.9 billion pcs and $6.589 billion in 2015; global glove sales were 529 billion pcs and $8.746 billion in 2019. The compound annual growth rate was 8.2% and 7.3%. Among them, the highest sales was Vinyl gloves which was 198.2 billion pairs in 2019. Hebei Ruiban Import and Export Trade Co., Ltd. exported gloves including Nitrile gloves, Vinyl gloves accounted for 70%, 30% in 2020. Despite the obvious competition increasing of medical glove industry in 2021, medical glove export sales increase significantly year-on-year 2020.
Strong demand for gloves in developing countries
The COVID-19 has had an unprecedented global impact. So far January 2021, more than 84.5 million people worldwide have been infected and more than 1.8 million have died as a result of COVID-19 that has raised global health and sanitation awareness and shifted the focus of health spending in most countries to combat public health emergencies.
Global spending on health reaches per person was $1,121.9 in 2019, a annual growth rate of 2.9% compared to $999.0 in 2015. Global sales of personal protective equipment reached $37.6 billion in 2019 from $29 billion in 2015, a annual growth rate is about 6.7%. (Data from Foresight Industry Research Institute)
Developed countries are the largest consumers of gloves. 300 pcs per person was consumed in the United States in 2020, that is about 33 times than China (9 pcs) and 50 times more than in Indonesia (6 pcs).
The fastest growing is Nitrile gloves
Usage: Nitrile gloves were the fastest growing category among all glove products. Nitrile gloves sales were 173.2 billion pairs in 2019 growing at a CAGR of 12.2% from 2015-2019.
Global glove sales of 2015-2019 (Unit: billion pairs)
Sales Revenue: Nitrile gloves were continually the fastest growing glove category. Nitrile gloves sales revenue was $4.01 billion 2019 growing at a CAGR of 11.8% of 2015-2019. Also Nitrile gloves was the highest sales revenue category and will be a major revenue generator for the global gloves market as the fastest growing glove product category.
Global Glove Sales Revenue of 2015-2019 (Unit: Million USD)
Medical gloves dominate the market
In terms of gloves application type, medical gloves sales were 348.1 billion pairs in 2019 growing at a CAGR of 9.6% of 2015-2019. On the other hand, non-medical gloves sales were 144.6 billion pairs growing at a CAGR of 8.3% of 2015-2019.
In terms of sales revenue, medical gloves sales were $6.68 billion in 2019 and accounted for 76% of the overall gloves market revenue and growing at a CAGR of 8.3% of 2015-2019. The global demand for medical gloves is expected to raise due to the rising incidence of COVID-19 pandemic. The unit price of medical gloves is also expected to rise due to the global shortage of medical gloves.
In terms of areas, North-America is the largest gloves market with 1,915 pairs of gloves sold in 2019, while Asia Pacific is the fastest growing region in the global gloves market. There were 104.2 billion pairs of gloves sold in Asia Pacific in 2019 growing at a CAGR of 9.9% from 2015 to 2019; Asia Pacific glove sales revenue was $3.452 billion in 2019 growing at a CAGR of 9.4% of 2015-2019.
Although the average selling price of gloves is expected to decline slowly due to increased supply and lower production costs as a result of improved technology and productivity. Hebei Ruiban Import and Export Trade Co., Ltd. believes that the average selling price of gloves is expected to remain higher than the level before the COVID-19 pandemic.
