The disposable gloves are one of the basic needs for everyone in the time of COVID – 19 to keep them safe and sanitize. Well, this need has changed the market of disposable gloves not only in India but also in other countries. The new phase has come for the companies, who used to made disposable gloves only for few purposes of the hospitals.
The disposable gloves are used for risk management against viruses spreading all over the country and spreading from patients to other people. Varieties of gloves are used, such as polyethylene gloves, vinyl gloves, neoprene gloves, and nitrile gloves. Thus, the use of gloves will keep you protected and doesn’t allow direct contact between you and the virus.
Now you can see most of the people are purchasing gloves and wearing them to protect them from the pandemic COVID – 19. Lots of people are buying gloves nowadays. Due to this, it leads to a shortage of product. Many production companies used to make a limited amount of gloves according to the sales and they were not ready for the large number of orders which they need to make after the start of the pandemic.
Well, this has increased the demand for disposable gloves all over the world. Now companies are producing thrice or more than that number of gloves they used to produce earlier. Many new companies have been set up to full fill the demand for disposable gloves.
The Disposable Gloves Market is expected to grow more than US$ 15.50 Billion by 2024 at a CAGR of 6.5% from 2018 to 2024.
Right now, domestic medical gloves Production Company has the strength to compete with international companies in terms of technology and cost. The government department had launched a series of new industrial policy to promote the medical gloves industry.
The sale of disposable gloves has brought new opportunities to earn without technical advantages and downstream support.