Challenging operating outlook for glove players

Kenanga Research projects demand for gloves to rise by 30% in 2024.

PETALING JAYA: The operating environment for glove manufacturers such as Top Glove Corp Bhd is expected to remain challenging over the near term, mainly due to product oversupply.

Kenanga Research in a report said it expects the demand-supply situation to only start heading towards equilibrium in 2026.