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Rubber gloves industry to see continued growth in 2020

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Rubber gloves industry to see continued growth in 2020 Others

PETALING JAYA: The growth of rubber gloves industry will continue in 2020 with export revenue to hit RM20.68bil in 2020 versus RM18.2bil expected this year, said Malaysian Rubber Glove Manufacturers Association (MARGMA).
Its president Denis Low Jau Foo said this was driven by higher global demand with Asia and Africa emerging as the next biggest growth for Malaysia’s rubber gloves industry.
“Global demand for rubber gloves is estimated to reach 300 billion gloves this year, with an expected annual growth of 12%.
“While of the total, 188 billion gloves will be produced by Malaysia which is the world’s largest producer and the leading exporter of rubber gloves, contributing 63% of the global supply, ” he told the press conference on MARGMA industry brief 2019 on rubber glove industry, here yesterday. 

sourceThe star online)

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