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Top supplier Malaysia sees no quick end to shortages in $8 billion gloves industry

Jun 04, 2020 | 🚀 Fathership
KUALA LUMPUR - A global shortage of medical gloves due to a coronavirus-driven surge in demand will carry over into next year, Malaysia, the world's biggest gloves supplier, said on Thursday, warning buyers to be wary of scammers promising quick supplies.

World consumption of the personal protective equipment is estimated to jump more than 11% to 330 billion pieces this year, two thirds of which are likely to be supplied by Malaysia, its rubber glove manufacturers association said.

"MARGMA foresees the shortage of gloves due to overwhelming demand this year to spill into 2021.".

The global disposable gloves market was valued at $7.6 billion last year and is expected to reach $11.8 billion by 2025, according to VynZ Research.

MARGMA, whose members include top-two players Top Glove Corp and Supermax Corp, also said worker safety and welfare were being monitored "Critically" as pressure increases to step up production.