Global Gloves Market Size is Estimated to Reach $426.39 Million by 2028

Gloves are mainly used in work, daily warmth, and entertainment situations that require personal protection to protect the wearer from the influence of hazardous factors. According to different production processes, gloves can be divided into immersion gloves, hanging gloves, embroidered gloves, knitted gloves, and intangible gloves; Based on different purposes, gloves can usually be divided into protective gloves, welding gloves, welding gloves, skiing gloves, labor protection gloves, work gloves, aerospace gloves, boxing gloves, and etiquette gloves; According to the different materials, gloves can be divided into PVC gloves, latex gloves, cotton wool gloves, cotton yarn gloves, rubber gloves, leather gloves, sweat cloth gloves, fleece gloves, canvas gloves, and synthetic material gloves.

According to our research data, the segmented market for synthetic gloves is dominant. In 2023, the global market size for synthetic gloves is expected to reach $20387 million, with an estimated market share of 74.57%. From the perspective of downstream application patterns, the industrial sector is the largest downstream application market. It is expected that the industrial glove market size will reach $15287 million in 2023, with an expected market share of 55.92%.

Global Gloves Market Size and Share Forecast by Type and Application in 2023

Source: www.globalmarketmonitor.com

Data shows that the total market size of the global glove industry is expected to reach $27339 million in 2023, and is expected to continue to increase to $42639 million by 2028. From the perspective of the competitive landscape, the concentration of the global glove market is relatively low. Data shows that in 2022, the total revenue of the industry's Top 3 enterprise glove market accounted for only 15.67% of the global market revenue, while the Top 6 enterprises accounted for 25.23% of the total revenue. The top three companies in the rankings were Hartalega Holdings, Top Glove, and Cardinal Health, with their glove market revenue accounting for 6.68%, 4.72%, and 4.2% of the global market in 2022, respectively.