Report: Disposable Gloves Market to Hit $18.7 Billion by 2016

The global disposable gloves market was valued at US$ 10.420 Bn in 2017 and is anticipated to expand at a CAGR of 6.8% from 2018 to 2026, according to a new report titled 'Disposable Gloves Market: Global Industry Analysis, Size, Share, Growth Trends, and Forecast, 2018-2026,' published by Transparency Market Research (TMR). The global disposable gloves market is driven by a rise in demand for surgical as well as examination gloves from the medical industry. North America accounts for a major share of the global disposable gloves market.

The report notes that demand for disposable gloves for use in the food & beverages industry has increased exponentially in the last few years. Food safety has become a growing concern for consumers and market leaders. Rise in demand for safety gloves to avoid injuries to the hands and skin and prevent any health risks to consumers by contaminated foodstuff is augmenting demand for disposable gloves. In addition, rise in stringent regulations in the food & beverages industry to adopt and maintain good hygiene standards is boosting the disposable gloves market. For instance, according to the U.S. Food & Drug Administration (FDA), gloves used for handling food are certified under Title 21 Code of Federal Regulations (Part 177). The code states that components used for the manufacture of gloves must comply with the FDA regulations and it should be ensured that gloves consist of substances that are safe for use in food or food packaging. All these factors are boosting the global disposable gloves market.

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