The 11th International Hand Sanitization and Protection Products Fair
2023year6month13 - 14On the day of, hosted by YMT Information Technology (Yantai) Co., Ltd., co-organized by Shandong Ruibang Intelligent Equipment Co., Ltd., and guided and supported by the Nanjing Hospital Association and China Disposable Gloves Federation, “2023The (11th) International Hand Sanitizer and Protective Equipment Trade Fair was successfully held in Nanjing. The conference brought together more than a hundred disposable glove factories and industry chain exhibitors, providing one-stop procurement services and technical solutions for enterprises in the protective equipment industry chain, and jointly building a platform for communication and cooperation across the entire industry chain.
Frost & SullivanFrost & SullivanThe Executive Director of Frost & Sullivan Greater China region, Mr. Xiang Wei, was invited to attend the conference. as for Current Situation and Development Trend of Disposable Gloves Market Deliver a keynote speech .
Executive Director, Greater China, Frost & Sullivan To power
Pointing out to Wei Li that, looking at the entire industry, the glove industry falls under personal protective equipment (PPEThe personal protective equipment market for racing circuits encompasses gloves, protective clothing, helmets, goggles, and other garments or equipment designed to protect wearers from injury or infection. The overall market size exceeds1,000billions, with a very rapid growth rate over the past five years, achieving an annual compound growth rate of35%.
As is well known,COVID-19 pandemicIt has had a certain impact on the Chinese economy, with various industries experiencing varying degrees of shock. However, the personal protective equipment market has seen unprecedented rapid growth. In particular, the respiratory system protection products and hand protection products, which consist of masks and gloves, account for a significant portion of the personal protective equipment market.50%As mentioned above, the market scale exceeds600billions. Disposable gloves account for more than7Success has almost become the largest segment within the personal protection market.
As a commonly used protective item, disposable gloves can effectively prevent cross-infection and are suitable for various occasions. According to quality grades and uses, they can be divided into medical and non-medical types. Medical gloves refer to products that need to meet the quality certification system or access standards of the target country's medical market, mainly used in fields such as medical surgery, medical examinations, and medical care. Among them, medical gloves accounted for more than70%, as the product unit price and added value are higher, it accounts for a larger proportion of the total glove shipments based on the shipment amount83 - 85%.
Classified by materials, disposable gloves are mainly divided intoPVCGloves, latex gloves, nitrile glovesPEgloves, etc.PVCGloves are inexpensive, with the minimum quality grade requirement being low, and the cost is low globally.PVCGlove production capacity90%In China, nitrile gloves are currently the category with the fastest growth rate in global shipments, with overall shipments almost equalingPVCGloves in parallel, growth rate over the past five years18%, it is expected that it can still maintain over in the future12%growth rate.
To Weili, Disposable gloves For rigid demand, the overall market demand will continue to rise. In the past few years COVID-19 pandemic Under the influence, the glove industry has witnessed tremendous development. Although the pandemic has had a significant impact on capacity expansion plans and utilization rates, it has directly enhanced people's health awareness, hygiene precautions, and industrial safety standards, laying a foundation for the sustainable development of the disposable glove industry in the future. In the post-pandemic era, the market is gradually returning to normalcy. The supply and demand relationship and market environment have changed, leading to reduced corporate revenues and profits. Some small and medium-sized manufacturers that entered the market during the pandemic will be gradually phased out, while the growing demand for permanent gloves will continue to drive market growth.
Subsequently, Wei Li briefly analyzed the future growth logic of the global disposable glove industry:
1The epidemic has driven up people's awareness of personal protection, while also raising labor safety standards for enterprises, gloves/Masks and other disposable personal protective equipment will become necessities in people's daily lives and corporate production and operations in the future. In addition, this will further prompt the country to continuously optimize policies based on specific scenarios, introduce various regulations, strengthen product usage standards, and promote the standardized development of the industry;
2The recovery and growth of the economy are accompanied by an improvement in people's living standards, which is directly related to the country's investment in health and wellness. Developed regions such as Europe and America have higher living standards and income levels, coupled with strict public health regulations, making them the regions with the largest glove consumption globally. They will continue to be the main export areas in the future;
3Although China's disposable glove production sector holds a high position internationally, the industry is mainly export-oriented, primarily focusing onOEM/ODMThe model exports products to Europe and America. There is huge growth potential for disposable gloves in China as a whole. According to preliminary statistics from Frost & Sullivan, China's annual per capita consumption of disposable gloves is9Only, far lower than in the United States300Only, the Netherlands'317Japan133There is still significant room for growth;
4Although developed countries such as Europe and America still occupy the majority of the market share for disposable gloves, developing countries like China, the Philippines, and Indonesia are expected to make increasingly significant contributions to the growing global glove consumption in the medium to short term, with strong economic development, population growth, and an increasing awareness of the importance of hygiene;
5In recent years, industry concentration has been continuously rising. Enterprises lacking competitive advantages will be gradually phased out, and the industry will further develop towards standardization and specialization. To enhance their position in the industrial chain, many enterprises have established comprehensive supply chain systems to meet product demands from different global markets, continuously laid out new protective product fields, strengthened overseas factory construction and business center adjustments, and improved production processes and labor productivity to maintain their long-term core competitiveness within the industry.
