Thai rubber glove makers target 20% share of global market


  • Thailand
  • Thursday, 10 Dec 2020

BANGKOK (The Nation/ANN): Thailand’s rubber glove industry is aiming to expand its slice of the global market from 15 per cent to 20 per cent in the next five years.

To meet that target, the Thai Rubber Glove Manufacturers Association (TRGMA) is pushing for increased investment and improved overall competitiveness in the industry.

Association president Veerasith Sinchareonkul said the long-term aim was to grab a 40-per cent share of the world market.

The move follows a 20-per cent jump in global demand for rubber gloves to 3.6 million amid the Covid-19 pandemic.

Demand is expected to rise by another 10 per cent next year.

Veerasith urged the government to provide more financial support to help manufacturers expand investment. It should also streamline regulations to ease the launch of new factories, he added.

Thailand is the world's second largest exporter of rubber gloves, driven by 19 manufacturers with combined production capacity of 46 billion per year.

Of that total, 90 per cent is exported. Medical rubber gloves account for 88 per cent of total production.

"We want to see Thailand become the world's production hub of natural-rubber gloves," he said.

China and Malaysia, the world's major rubber glove makers, have already expanded their production capacity, he added. - The Nation/Asia News Network

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Thailand , rubber , gloves , export

   

Next In Aseanplus News

Tortured Indonesian maid Kartika Puspitasari seeks damages in HK
Hun Sen calls for global action to tackle environmental challenges
UN body, in rare move, rejects debate on China's treatment of Uighur Muslims
Expansion of Con Dao Airport to be completed in 2024
Families of Thai massacre victims can get US$3,000 compensation each
Shell raises pump prices as oil creeps up
Asian stocks drop, dollar holds rally as US jobs report looms
S.Korea, US to stage drills with aircraft carrier on Oct 7-8
Improbable odds?: Inquirer
Six charged over Indonesia football tragedy

Others Also Read