Market Outlook for the U.S. Market for Cast LDPE (Low density Polyethylene) Disposable Gloves AMID COVID-19 Outbreak
9 November 2020
Dublin, Nov. 09, 2020 (GLOBE NEWSWIRE) -- The "U.S. Cast LDPE Disposable Gloves Market - Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The U.S. Cast LDPE Disposable Gloves Market is forecast to reach $10.63m by 2025 from $7.52m in 2019, growing at a CAGR of 5.7% during the forecast period 2020-2025.
- The growing prevalence of viral transmission and global pandemic COVID-19 among individuals and the growing health awareness among masses is likely to aid in the market growth of Cast LDPE Disposable Gloves Market in the U.S. Region.
- Detailed analysis on the Strength, Weakness and opportunities of the prominent players operating in the market will be provided in the U.S. Cast LDPE Disposable Gloves Market report.
- Stringent government regulations and the banning of polymer products is set to create hurdles for the cast LDPE disposable gloves market in the U.S. Region.
By Size - Segment Analysis
The Medium segment held the largest share in the U.S. Cast LDPE Disposable Gloves Market in 2019 and is estimated to grow at a CAGR of 5.8% during the forecast period 2020-2025. The growth in this segment can be attributed to growing usage of gloves among individuals owing to safety concerns. According to the hand circumference, medium LDPE disposable gloves hand measurements ranges from 6.6" to 7.5" in case of female whereas 7.6" to 8.5" in case of male. It is estimated that large size segment is set to be the fastest growing segment and is estimated to register the highest CAGR of 6.4% during the forecast period 2020-2025.
By Application - Segment Analysis
The Food and Beverage segment is estimated to reach revenue of $6.72m by 2025 from $4.62m in 2019 and is growing at a CAGR of 6.2% during the forecast period 2020-2025. The Food and Beverage Industry in the U.S. is using disposable gloves on regular basis which are an essential tool for preventing the spread of germs and keep consumables from becoming contaminated. As per World Health Organization the number of patients suffering from foodborne disease is 4,20,000 in the U.S. in 2019 and is estimated to be rising every year which have resulted in decreasing confidence of consumers towards ready to eat food and beverage products, which in turn is set to increase the need for disposable gloves in food and beverage industry. According to Food and Drug Administration, it is estimated that about 30 million disposable gloves are used in the U.S. Food and Beverage sector as disposable gloves is one of the best options for providing safety to food and beverage sector.
Key Market Drivers:
Cost-Effectiveness of Product:
The adoption of disposable gloves has increased over the years owing to the rise in safety concerns and hygiene owing towards its low cost and affordability rate of product used in pharmaceuticals, food and beverage, chemicals industry and others require protective gloves to guard their hands from hazardous chemicals, cuts and abrasions and contamination of different kinds.
Growing Prevalence of Viral Transmission and COVID-19 Pandemic :
The outbreak of coronavirus (COVID-19) has resulted in high fatality rate and lockdowns in major economies and populated countries has put a pressure on the governments and state funds for investing in more hygienic healthcare facilities, which also included LDPE disposable medical gloves which are required during treatment of COVID-19. The use of LDPE Disposable Gloves for the disease treatment and prevention in individual for transmittable diseases like infections or illness in the medical field has increased in the past few years. Growing prevalence of viral infections among major nations of the world and rising health awareness has resulted in a rise in demand for disposable medical gloves in the healthcare sector. Increasing communicable viral diseases and large investments of various companies for the gloves market have helped in significant growth of US Cast LDPE Disposable Medical Gloves Market.
Key Market Challenges
Stringent Government Regulations and the Banning of Polymer Products
The FDA in the U.S. has pressurized manufacturers to submit data regarding the long term health impact of inorganic substances in LDPE disposable gloves particularly hormonal effects and contributors to anti-biotic resistant bacteria, to ascertain the safety of these LDPE disposable gloves products. These regulations are to ensure the safety of consumers by regulating the hygiene quality product by the manufacturers. LDPE disposable gloves are made up of polymer or commonly known as plastics which are polluting the land and water immensely. Plastic components are a threat to the life of animals living on earth as well as in water. Disposable gloves lead to increase in the use of plastic materials. Chemicals released by waste plastic products enter the soil and make it infertile hampering the market's growth.
The top ten companies are:
- Top Glove
- Handgards Inc.
- Daxwell LLC
- Elara Brands
- Tronex International LLC
- Medgluv Inc.
- The Safety Zone LLC
- Omni International Corporation
For more information about this report visit https://www.researchandmarkets.com/r/q8lrv0
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