Growing Prevalence of Viral Transmission and Global Pandemic COVID-19 Market during the forecast period 2020-2025. The Growing Concern for Public Health and Safety Issues is an Additional Factor Aiding the Growth of the Market. U.S. Cast LDPE Disposable Gloves Market size 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 U.S. Cast LDPE Disposable Gloves Market is growing at a significant rate as the individuals living in urban areas are more prone to the condition owing to their unhealthy living conditions, dietary choices, consumption of soft drinks and alcohol, smoking habits and others. Low density Polyethylene gloves are made up of polymers that are flexible materials, and less rigid. Cast LDPE gloves are durable and are majorly used in foodservice and food processing industries. LDPE Disposable Gloves are sterile, non-reactive and non-reusable gloves employed by chefs, healthcare professionals, and others. It is a personal protective equipment in the healthcare sector used to protect the wearer and the patient from the spread of infection or illness during medical procedures and examinations. They are of low cost, hygienic and ensure safety as they are durable. The demand for LDPE disposable gloves are set to rise owing to their characteristics helping in the food industry, medical and healthcare, pharmaceutical, automotive finishing, chemical, oil and gas industries.
Healthcare professionals have been developing various LDPE disposable glove types to find an efficient method of inhibiting viruses and restrict rapid increase of viral infections like COVID-19, and other infections. Various gloves product are used to create a favorable environment for the hygiene, illness, infection, transmittable diseases to act on. In 1889, the first disposable gloves made up of rubber was developed by Johns Hopkins Hospital and the first disposable latex medical gloves were manufactured in 1964 by Ansell Company. The LDPE disposable gloves came into force as it was cheap, less prone to contamination and is made up of non-chemical materials which is useful in medical and food & beverage sector.
The U.S. Cast LDPE Disposable Gloves Market is consolidated with key players accounting for about 91.1% of the market revenue. This is owing to the dearth of domestic manufacturers and high import of products from Asia-Pacific regions owing to the availability of low raw material cost and cheap labor available in those regions. Furthermore, the key players are adopting strategies such as acquisitions, partnerships and product launches to tackle the competition faced.
The U.S. Cast LDPE Disposable Gloves Market size in 2019 is estimated to be $7.52m and is projected to reach $10.63m in 2025 at a CAGR of 5.7% during the forecast period 2020-2025.
Food & Beverages segment accounted for major share generating revenue of $4.62m in 2019. This is owing to the wide applications of polyethylene gloves for food service and processing applications. Increased regulations for food safety and hygiene are set to drive this segment in coming years.
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U.S. Cast LDPE Disposable Gloves Market Growth Drivers:
- Growing Prevalence of Viral Transmission and Global Pandemic COVID-19:
According to World Health Organization, in 2020, about 7,342,555 people worldwide is affected with COVID-19 with total fatality rate of 423,868 and growing. COVID-19 is said to be one of the leading causes of death globally. The increasing incidence of virus has increased the need for LDPE Disposable Gloves. 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. Need for virus protection is rising with the increasing number of COVID-19 cases and deaths caused by lack of protective measures. Thus the US Cast LDPE Disposable Gloves Market is majorly driven by this factor and government’s focus on protective healthcare products for the reduction of COVID-19 cases have also increased. Increasing healthcare expenditure of various countries is also contributing to the market growth. In U.S., retail stores are providing customers with LDPE gloves as they enter to stop spreading and contamination. 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.
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. LDPE Disposable Gloves are used for hygiene purpose and has a loose fit design for easy on and off applications, and is especially useful in food service lines, deli counters, and other high volume applications. Low cost LDPE are made of polymers which is synthesized from ethylene and thermoplastic that is formed into various shapes as it cools from a liquid state to a solid state. The extensive use of Cast LDPE disposable gloves is driving the market’s growth.
R&D Investment:
No Touch Easy Gloves was incorporated in 2013. No Touch Easy Gloves reduces down time for food handlers, and minimizes contact with foreign, and potentially contaminated surfaces. Without touching the outside of the glove, the risk of transmission of food borne diseases is all but eliminated gaining customers trust while ensuring faster service. The company has created a highly innovative method of glove usage which allows both consumers and foodservice workers to have a pair of disposable gloves in less than 2 seconds without touching the outside of the glove. This innovation greatly accelerates tasks from preparing and serving food to household chores like cooking and cleaning, even hand protection at the gas pump.
The Major Players in this Market Include
The major companies in the U.S. Cast LDPE Disposable Gloves include Top Glove, Handgards Inc., Daxwell LLC, Elara Brands, Tronex International LLC, Ammex, Medgluv Inc., Amercareroyal, The Safety Zone LLC, and Omni International Corporation, among others.
Over the years, food industry have mainly focusing on hygiene, safety and freshness of food products. The continuous developments in the Cast LDPE Disposable Gloves industry such product approval, partnerships, collaboration and others are the major factors set to buoy the U.S. Cast LDPE Disposable Gloves Market during the forecast period, 2020-2025.
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