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India Disposable Latex Gloves Market; By End-User Vertical(Aviation sector, Biotechnology, Disk Drives Industry, Flat Panels Industry, Food and beverages Industry, Medical Devices Industry, Pharmaceuticals Industry, Electronic & Semiconductors Industry, and Others); By Distribution Channel (Online, wholesale and retail); and Region -Analysis of Market Size, Share & Trends for 2016 - 2019 and Forecasts to 2030
The India Disposable Latex Gloves market to surpass USD 25.8 Billion by 2030, which is valued at 13.6 billion in 2019 at a compound annual growth rate of 6%.
Latex gloves are made from naturally occurring rubber and are used to ensure protection from human-borne contamination and are used for both medical and non-health purposes. It is available in various sizes and colors, which further increases its applications in various food services, cleaning rooms, industrial applications, and other industries. It is also used in a variety of applications such as inspection, treatment, and heavy industry. These gloves avoid cross-contamination, prevent the spread of pathogens, and protect consumers from unacknowledged dangers. They are commonly used for diagnosis and treatment by healthcare professionals. Surgical gloves are typically larger as they have been worn for a long time and need excellent proficiency. There are different advantages of latex gloves, including those which fit the skin properly, good touch sensitivity, comparatively cheaper, elastic & long-lasting, and are easily degradable.
According to the report, India's market in disposable latex gloves is primarily driven by increased safety and hygiene concerns and a surge in the number of end user's vertical. Recent Research and development projects created opportunities for key players to expand their investment activities in such markets. Moreover, technological advances are expected to boost market growth. Soon, growth in the health sector and food industry is expected to give India's disposable latex glove producers with lucrative growth opportunities.
Indian market has been segmented based on distribution channel, end-user vertical, and by location. It has been further segmented based on region into Eastern, western, northern, and southern region
The wholesale segment is anticipated to register XX% of the volume share and is expected to grow at a highest CAGR.
India Disposable Latex Gloves Market is segmented by distribution channel into Online, wholesale, and retail. Rising number of wholesale stores in India and availability of latex gloves at comparatively less price is driving the growth of the segment. Moreover, these are generally used by sector in large quantity hence the end-users find it profitable to buy the gloves from a wholesale market where the desired quantity can be obtained, unlike retail or online stores which only keep limited stock.
Biotechnology segment accounted for XX% of the nation’s volume in 2019
India Disposable latex Glove market is segmented by end-user vertical into Aviation sector, Biotechnology, Disk Drives Industry, Flat Panels Industry, Food and beverages Industry, Medical Devices Industry, Pharmaceuticals Industry, Electronic & Semiconductors Industry, and Others. The biotechnology industry requires clean rooms and regulated environments capable of controlling infectious particle concentration as well as temperature, moisture, and air pressure. Different kinds of biological applications, such as research and development laboratories, manufacturing facilities, biological exclusion zones, and others, exist within this field. During multiple activity events, Latex Gloves protect materials including reactive, hazardous, or unhygienic products. The demand for latex gloves in Biotechnology segment is expected to grow in the future, due to the requirements of worker health, product quality control, hygiene, and chemical security.
Increasing Health concerns
Increased hygiene consciousness and safety among health professionals and patients drive the global latex glove market. In different industries, Latex gloves have been used including pharmaceuticals, health, food, and biology, automotive, and other industries. For certain operations, latex gloves provide protection, including reactive, harmful, or unhygienic materials. Also, it is a critical operation that can lead to product contamination if proper care is not taken to manufacture specialized products such as medical devices, medicines, and foodstuffs which provides a high degree of hygiene and processing of these products.
Diverse application in end-user vertical
The latex gloves are used for cleaning domestic uses. As a result, the market for latex gloves predicts notified growth in the future due to increasing hygiene, quality, and safety concerns. Moreover, the distinctive qualities of latex gloves such as its resistance towards oil and chemical and puncture make it applicable in various important sectors such as pharmaceuticals, laboratories, etc thus driving the growth of the market.
Availability of substitutes
Nitile gloves are oil and chemical resistant and provide some distinct advantages such as these gloves display excellent puncture and friction resistance in comparison to latex gloves. In essential applications, nitrile gloves provide better finger mobility thus restricting the growth of latex gloves.
India’s Disposable gloves market is mainly fueled by the rising number of healthcare sectors. Due to rising demand from industry vertical including the medical equipment industry, semiconductor industries and biotechnology, India is projected to rise at a fastest pace in the projected timeframe. The growth of health services, particularly hospitals and clinics, and the growing number of people in the nation choosing home care facilities and an increase in medical tourism, is anticipated to increase in the demand for disposable latex gloves in the region. Furthermore, coronavirus is also expected to spread rapidly across various countries, including India, Japan, and Indonesia, and thereby increasing the regional demand. Moreover, technological advances are expected to boost market growth. Soon, growth in the health sector and food industry is expected to give India's disposable latex glove producers with lucrative growth opportunities.
Key figures in the market focus on R&D activities to develop new product production and integration technology across several levels of the value chain to acquire a competitive advantage in the marketplace. E-commerce serves as a central factor in the distribution, promotion, and expansion of disposable latex gloves. Suppliers focused on customer requirements, such as technical assistance and services. With the growth of e-commerce, manufacturers can produce and sell goods with less lead time and quick delivery.
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