MALAYSIA: Rubber gloves industry to see continued growth in 2020
The growth of rubber gloves industry will continue in 2020 with export revenue to hit MYR 20.68 billion in 2020 versus MYR 18.2 billion 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 a press conference on MARGMA industry brief 2019, in Petaling Jaya on 13 November 2019.
Source: Daily “The Edge Markets”, Kuala Lumpur; 13 Nov 2019
(Syed Rashid Ali, Karachi, Pakistan)
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