South Korea Disposable Nitrile Gloves Market Forecast By Type (USD Million)
Synopsis
The above chart is South Korea Disposable Nitrile Gloves Market Forecast By Type (USD Million)
Market Dynamics
.
disposable nitrile gloves have become a vital part of the healthcare and industrial sectors in south korea, as well as globally. these gloves are made from synthetic rubber and provide more durability, flexibility, and resistance to chemicals compared to latex or vinyl gloves. the south korea disposable nitrile gloves market, valued at usd 149.72 million in 2020, is projected to reach usd 249.86 million by 2027, growing at a cagr of 7.4% during the forecast period.
the rising awareness about the importance of personal hygiene and safety measures has been a significant factor driving the demand for disposable nitrile gloves in south korea. the country’s aging population and the prevalence of chronic diseases have led to an increase in demand for healthcare services, which has further boosted the demand for disposable nitrile gloves. moreover, the ongoing covid-19 pandemic has also significantly contributed to the demand for these gloves, as they are crucial in protecting healthcare workers and other front-line workers from the virus.
based on types, the south korea disposable nitrile gloves market is segmented into powdered and powder-free gloves. the powder-free gloves segment dominated the market in 2020 and is expected to continue its dominance during the forecast period. the increasing preference for powder-free gloves due to their hypoallergenic properties and lower risk of contamination is the key factor driving the growth of this segment.
the industrial sector is also a major consumer of disposable nitrile gloves in south korea, with applications in industries such as food processing, chemical, and oil & gas. the country’s growing manufacturing sector, coupled with strict regulations for worker safety, has further propelled the demand for these gloves in the industrial sector.
in terms of distribution channels, the direct sales segment held the largest share in the south korea disposable nitrile gloves market in 2020. the rising adoption of e-commerce platforms for the purchase of disposable nitrile gloves from manufacturers and distributors has contributed significantly to the growth of this segment.
some of the key players operating in the south korea disposable nitrile gloves market include kossan rubber industries bhd, supermax corporation berhad, top glove corporation bhd, hartalega holdings berhad, and comfort rubber gloves industries sdn bhd. these players are adopting strategies such as product innovations, partnerships, and mergers and acquisitions to expand their market share in south korea.