Due to the impact of the new crown epidemic, the imbalance between supply and demand in the market has brought considerable dividends to the glove industry. For example, medical gloves, the global demand for medical gloves has nearly doubled from 2010 to 2020. In 2020, the demand for medical gloves is expected to reach 331 billion pieces. In view of the outbreak of protection demand brought about by the new crown epidemic, shortage of supply in the glove industry will become the norm in the short to medium term.
However, at the moment of taking advantage of the trend, some people in the industry have begun to think about the situation after the epidemic: After the epidemic, will the market demand decrease? How to deal with market changes next?
Disposable gloves (hereinafter referred to as gloves) are divided into different materials: Nitrile gloves, PVC gloves, latex gloves and PE gloves. According to the quality level, it can be divided into medical grade and non-medical grade. As the epidemic continues, the demand for each type of glove has increased to varying degrees, especially nitrile gloves and PVC gloves, which have been favored by more users due to their characteristics.
Throughout the development history of the glove industry, every round of the epidemic will stimulate the demand for gloves and also stimulate the public's awareness of using gloves. For example, when H1N1 broke out in the United States in 2009, the glove industry became a rigid demand for the whole people. Today, the epidemic has stimulated a new round of popularization of the glove industry by the people, and gloves are changing from "flexible consumption" to a new rigid demand. In the future, even if the demand for gloves is declining in the short term, the long-term development trend is still optimistic. For the entire industry, the dividend has just begun.
In addition to the huge demand brought by the new crown epidemic to the glove market, we must also pay attention to structural adjustments within the industry. In the medical field, medical staff frequently use latex gloves or PE gloves, which causes more prominent allergies. In the future, there will be a large number of substitute demands in the medical market, and medical nitrile gloves will usher in good development opportunities.
The outbreak of the epidemic has led to an upsurge of national protection and has also given birth to the restructuring of the global glove industry. Chinese companies such as KIEYYUEL have already started a large number of plans to expand their medical nitrile gloves. KIEYYUEL gloves can be seen in many countries and regions around the world, and their quality has won unanimous praise from local people. In the future post-epidemic era, gloves will no longer be the dominant position among Southeast Asian glove manufacturers, and the Chinese market will surely catch up.
Where will the glove company go?
For glove companies, the imbalance between supply and demand brings not only profits, but also tests and opportunities. In the post-epidemic era in the future, changes in the market will bring more fierce competition pressure to enterprises, but in the Internet age, product diversification, market positioning precision, and direct-to-user marketing models will be everyone's responsibility. Thinking ahead.
In short, there are still many uncertainties in the post-epidemic era. But what is certain is that not only KIEYYUEL, but any glove company will face more risks and opportunities. Take the helm in the vast blue ocean, don’t capsize~
Contact Person: Ms. Jasmine