International Trade and Convention on Hand Sanitization and Protection
2023 - 2024In [year], as the inventory in the protective glove channel was gradually digested and terminal demand grew due to inertia, the procurement demand for disposable gloves began to gradually return to a rational state. At the same time, domestic and foreign glove manufacturers increased their research and development efforts. By optimizing production processes, reducing production costs, improving product quality and service levels, they enhanced their own competitiveness, expanded their market share, and helped their enterprises maintain a sustainable competitive advantage in the fierce market environment.
In order to promote the market development, technological innovation, cost reduction and quality improvement of the glove industry, co-hosted by Yimao and in collaboration with domestic and international hand protection products enterprises,2024year7month3 - 4The event was successfully held in Shijiazhuang, Hebei on the “2024(The 12th) International Hand Sanitization and Protection Products Fair&"2024(The 19th) International Molding Polyvinyl Chloride Market Development and Downstream Applications Summit The conference gathered a large number of participants200Multiple experts, leaders from glove factories at home and abroad, and corporate representatives have come together to provide one-stop supply-demand matching services and technical solutions for enterprises in the industrial chain. They are jointly building a platform for communication and cooperation across the entire industrial chain, aiming for common development and achieving win-win outcomes.
Frost & SullivanFrost & SullivanThe Executive Director of Frost & Sullivan Greater China, Mr. Xiang Wei, was invited to attend the conference and delivered a speech on 'The Current Situation and Development Trends of Disposable Gloves Market' at the main forum of the conference.
Executive Director, Greater China, Frost & Sullivan To power
Driven by factors such as accelerating economic growth, increased healthcare spending, population growth, and tightened healthcare regulation, personal protective equipment (PPEThe sales volume of disposable gloves in China has maintained reliable growth over the past few years. 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 medical market in the target country, mainly used in fields such as medical surgeries, medical examinations, and medical care.
Pointing out to Willie that in terms of the domestic market, as the impact of the COVID-19 pandemic gradually subsides, the revenue and net profit margins of China's leading disposable medical glove companies, led by Innovent Biologics, Lanfan Medical, and Zhonghong Medical, have been affected in the short term, and the market supply and demand relationship for medical gloves has gradually stabilized.
With the launch of innovative products, the enhancement of residents' awareness of hygiene and self-protection, and the expansion of application scenarios, disposable gloves are poised for new growth opportunities. Firstly, leading companies are building global R&D systems and collaborating with institutions such as research institutes to overcome new material and technology challenges. By continuously iterating on innovative products, they are tapping into more market space and creating a high-end, differentiated product system and matrix. In the post-pandemic era, influenced by factors such as residents' heightened awareness of hygiene and self-protection and market education, the incremental demand is expected to solidify into long-term growth over the coming years. At the same time, industries such as food safety and high-precision manufacturing are increasingly demanding safety and cleanliness. The rise of these industries will also lead to widespread application of disposable gloves in these fields.
Looking at the global picture, with the increasing demand for disposable medical gloves, the price of disposable medical gloves globally is2021The first quarter of the year reached its peak. Among them, Malaysia is a major producer of disposable gloves globally and the largest exporter of rubber gloves. Against the backdrop of fierce market competition in the later stages of the pandemic, Chinese manufacturers have impacted the production and operation levels of leading Malaysian enterprises by virtue of their cost production and supply chain advantages.2024In [year], a large number of foreign glove manufacturers were included in the US Food and Drug Administration's (FDA) list(FDA)Import police registration form, which isTop GloveAs Malaysia's glove manufacturers provide more market opportunities. In addition, with2026The year is coming to a close with higher tariffs on medical gloves from China, which is expected to further improve overseas companies' business opportunities in the United States.
Xiang Weili stated that China is in a period of rapid growth in the disposable glove industry. Exporting to international markets is conducive to driving regional and full industrial chain development, aligning with the country's top-level design of 'Healthy China', facilitating the realization of a dual circulation at home and abroad, and enhancing the position in the global value chain. Data shows that2023In [year], with the continuous digestion of inventory, the disposable glove industry gradually warmed up. China's export sales of disposable gloves began to recover, and order volumes grew steadily.
