Industrial Hand Protection Gloves Market Is Expected To Be Flourished By Increasing Worker Safety Regulations
Industrial hand protection gloves are protective gloves that are worn for safety purposes while handling hazardous, sharp or heavy materials in various industries such as construction, manufacturing, healthcare, food & beverage and more. With strict worker safety regulations being imposed by governing bodies across the world, the demand for industrial hand protection gloves is increasing. Industrial hand protection gloves protect workers from cuts, abrasions, chemical exposure, extreme temperatures, punctures and other hazards. Some common types of industrial hand protection gloves include cut-resistant gloves, puncture-resistant gloves, chemical-resistant gloves, anti-vibration gloves, heat-resistant gloves and more.
The global Industrial Hand Protection Gloves Market is estimated to be valued at US$ 14201.83 Mn in 2023 and is expected to exhibit a CAGR of 9.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics
Stringent worker safety regulations imposed by authorities such as Occupational Safety and Health Administration (OSHA) are expected to drive the demand for industrial hand protection gloves over the forecast period. Most industries are mandated to provide appropriate hand protection to workers exposed to hand injuries and this is a key factor fueling the industrial hand protection gloves market growth. Additionally, increasing awareness about worker safety and ergonomics is also contributing to the market growth.
The COVID-19 pandemic has also boosted the demand for industrial hand protection gloves as various industries have increased the emphasis on workers safety and hygiene practices. Industries have been proactively implementing stringent personnel protective equipment protocols including industrial gloves to minimize disease transmission at workplaces. This COVID-19 induced demand spike is further expected to support the market growth in coming years.
Segment Analysis
The industrial hand protection gloves market is segmented into reusable gloves and disposable gloves. Disposable gloves dominate the market and account for over 60% of the market share. Disposable gloves are preferred in industrial settings as they provide adequate protection against chemicals and hazards while being easily disposable after single-use. They reduce the risk of cross-contamination between employees as well as surfaces at workplaces.
PEST Analysis
Political: Governments across regions have implemented strict worker safety regulations mandating the use of appropriate protective equipment including hand protection gloves in hazardous industrial work environments. Non-compliance can result in hefty penalties.
Economic: Industries such as automotive, construction, chemicals and healthcare are major end-users and drive significant demand. However, recessionary pressures and fluctuating commodity prices can influence raw material costs and budget allocation towards safety gloves.
Social: Rising awareness about workplace safety and employee health has increased adoption of protective hand gears. However, compliance in developing nations remains a challenge due to costs.
Technological: Advancements in material sciences and ergonomics have led to the development of specialized gloves offering improved dexterity, tactility and protection against various hazards such as cuts, chemicals, heat and liquids. Cut-resistant and anti-vibration gloves have gained traction.
Key Takeaways
The Global Industrial Hand Protection Gloves Market Size is expected to witness high growth over the forecast period. The global industrial hand protection gloves market is estimated to be valued at US$ 14,201.83 million in 2023 and is expected to exhibit a CAGR of 9.1% over the forecast period 2023 to 2030.
The Asia Pacific region dominates the market currently and accounts for over 40% of the global demand led by countries such as China, India, Japan and South Korea. Stringent regulations and rapid industrialization is driving the regional market.
Key players operating in the industrial hand protection gloves market are Burcon Nutrascience, Cosucra Groupe Warcoing, Nutri Pea Limited, Sotexpro, Roquette Freres, Glanbia Plc., Fenchem Biotek Ltd., Prinova Group LLC, and Yantai Shuangta Food Co. Burcon Nutrascience and Cosucra Groupe Warcoing collectively account for over 25% of the global revenues owing to their widespread product portfolio and geographical presence.
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