US$8 billion medical gloves industry is in shambles.
The COVID-19 pandemic has caused the supply of medical gloves to drop suddenly and dramatically. Seeing as Malaysia produced 3 of every 5 gloves worldwide, the forced closure of Malaysian glove manufacturing plants has impacted availability around the world. The global shortage of medical gloves will likely continue into 2021, according to the Malaysian Rubber Glove Manufacturers Association (MARGMA).
MARGMA also estimates that:
- The world consumption of the personal protective equipment (PPE) is estimated to increase more than 11% to 330 billion pieces this year.
- Last year, the global disposable gloves market was valued at US$7.6 billion, and is expected to reach US$11.8 billion by 2025.
- Two thirds of the worlds PPE consumption will be supplied by Malaysia.
Top Glove Corp, the world’s largest medical gloves manufacturer, said that demand from the America, Europe and other nations has overtaken its capacity, while order fulfillment is delayed as late as 4 months. Top Glove has stated that they are receiving orders as large as 2.6 billion gloves weekly, double their full capacity. Lim Wee Chai, Top Glove’s executive chairman said that they are running 24 hours, two shifts on the production floor. Top Glove Corp and Supermax Corp, Malaysia’s top manufacturers, have stated that worker welfare and safety are being monitored critically as pressure increases to step up production.
At AegisPPE, we have been working diligently to supply medical facilities with facemasks, respirators, gowns, gloves, hand sanitizer, and eye protection (i.e., face shields or goggles).