Latex Gloves - A Booming Industry

Latex Gloves - A Booming Industry

We have seen gloves in health industry majorly. Without gloves and masks, no doctor or nurses can attend any severe operation, so latex gloves have been famous and essential in the health industry since ages. But as we are witnessing a massive pandemic across the entire world, we are also observing the necessity and requirement of mask and hand gloves. The first question that arises here is why latex gloves are so profusely used in the resent era? We all know the virus which has been spread all around is an airborne communicable infectious virus and people tend to touch their faces. To avoid touching of bare hand with face or any body part, it is becoming a necessity to have gloves in hand, and a latex glove served the best purpose for that.

Related Projects:- Surgical, Medical Plastics, Medical Disposables, Disposable Medical Products used in Hospitals

Some varied uses and benefits of latex gloves:

Before we head towards the benefits of latex gloves, it is imperative to add small information about latex gloves. Latex gloves are generally made of the latex of particular rubber tree, and these gloves are usually disposable gloves which means these provide a significant barrier and create superior protection from the outer world to the places you are touching. Initially, it was being used in health industries, but we are now going to see some more sectors where latex gloves are now being used massively.

For medical use: we have repeatedly mentioned in this content only that we have witnessed the use of latex gloves in the health sector. The important fact that needs to be said is that these Latex gloves are FDA approved because it provides very massive protection against blood borne pathogens as well. There are two different types of latex gloves, one is powdered latex gloves, and the other is non-powdered gloves. So health care comprises of various sub-sectors as well, which are dental, senior-care, child-care, veterinary care, etc.

For laboratory and chemical sector use: we know that latex gloves are made up of the latex from the rubber tree, and latex has been observed as excellent resistance against many chemical agents such as acids, bases, iodine, chlorine etc. But a small mention which should be adhered here is that some do suffer from latex allergy. For those who have a particular latex allergy, they should avoid using such latex gloves.

Related Books: - Disposable Products (Medical, Surgical, Thermocol, Plastic, Paper, Domestic And General Products)

A quick marketing outlook of Latex gloves:

The market of Latex gloves was significantly attending a height of around 3.12 billion USD in 2019, and it will attain a growth till coming years as well. Because of Covid-19 outbreak, the use of Latex gloves has been significantly increasing because it has reached ordinary people as well as they are using gloves for protection as well. Apart from the medical industry, many food industries have also accepted the use of latex glove because all such Latex disposable gloves are the popular choice in the food industry as FDA approves it and it is safe and secure. Apart from Latex gloves, vinyl and nitrate gloves are also being used in the food industry, but Latex gloves are more secure and safe from Vinyl gloves.

Related Projects: - Business Ideas after the Covid Breakdown

  • We can see significant growth in the chart shown below because latex gloves have shown a diversified nature by not only performing good in medical and food industry but also in industrial use as well. Nowadays in industrial level as well latex gloves are being used massively. Automotive, manufacturing, food servicing, food processing and sanitation are some sub-sector under industrial use in which latex gloves are being used profoundly and will be an option for a long run.

  Related Videos: - Industrial, Medical and Specialty Gases Manufacturing Project Ideas

 

Conclusion: We have tried to discuss every bit about latex gloves, and we hope that it provides some informational value. Niir Project Consultancy Services (NPCS) is such a renowned organization which comes with some trustworthy and accurate facts, as shown in the above graph. You can witness from the above graph that the graph is ever growing because of the use of Latex glove in different sectors. Not only because of the extensive use of latex gloves in various industries but also because of the pandemic which has spread all over the world, the growth of latex gloves will keep on growing.

Related Project: - Manufacturing of Surgical (surgeons) Latex and Nitrile (NBR-Nitrile Butadiene Rubber) Gloves

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NIIR PROJECT CONSULTANCY SERVICES (NPCS) is a reliable name in the industrial world for offering integrated technical consultancy services. NPCS is manned by engineers, planners, specialists, financial experts, economic analysts and design specialists with extensive experience in the related industries.

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And before diversifying/venturing into any product, wish to study the following aspects of the identified product:


• Good Present/Future Demand
• Export-Import Market Potential
• Raw Material & Manpower Availability
• Project Costs and Payback Period


We at NPCS, through our reliable expertise in the project consultancy and market research field, Provides exhaustive information about the project, which satisfies all the above mentioned requirements and has high growth potential in the markets. And through our report we aim to help you make sound and informed business decision.

 

The report contains all the data which will help an entrepreneur find answers to questions like:

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• What are the costs involved?
• What will be the market potential?


The report first focuses on enhancing the basic knowledge of the entrepreneur about the main product, by elucidating details like product definition, its uses and applications, industry segmentation as well as an overall overview of the industry sector in India. The report then helps an entrepreneur identify the target customer group of its product. It further helps in making sound investment decision by listing and then elaborating on factors that will contribute to the growth of product consumption in India and also talks about the foreign trade of the product along with the list of top importing and top exporting countries. Report includes graphical representation and forecasts of key data discussed in the above mentioned segment. It further explicates the growth potential of the product.

The report includes other market data like key players in the Industry segment along with their contact information and recent developments. It includes crucial information like raw material requirements, list of machinery and manufacturing process for the plant. Core project financials like plant capacity, costs involved in setting up of project, working capital requirements, projected revenue and profit are further listed in the report.


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• This report helps you market and place the product correctly by identifying the target customer group of the product.

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Our Market Survey cum Detailed Techno Economic Feasibility Report Contains following information:

 

 

Ø  Introduction

·         Project Introduction

·         Project Objective and Strategy

·         Concise History of the Product

·         Properties

·         BIS (Bureau of Indian Standards) Provision & Specification

·         Uses & Applications

 

Ø  Market Study and Assessment

·         Current Indian Market Scenario

·         Present Market Demand and Supply

·         Estimated Future Market Demand and Forecast

·         Statistics of Import & Export

·         Names & Addresses of Existing Units (Present Players)

·         Market Opportunity

 

Ø  Raw Material

·         List of Raw Materials

·         Properties of Raw Materials

·         Prescribed Quality of Raw Materials

·         List of Suppliers and Manufacturers

 

Ø  Personnel (Manpower) Requirements

·         Requirement of Staff & Labor (Skilled and Unskilled) Managerial, Technical, Office Staff and Marketing Personnel

 

Ø  Plant and Machinery

·         List of Plant & Machinery

·         Miscellaneous Items

·         Appliances & Equipments

·         Laboratory Equipments & Accessories

·         Electrification

·         Electric Load & Water

·         Maintenance Cost

·         Sources of Plant & Machinery (Suppliers and Manufacturers)

 

Ø  Manufacturing Process and Formulations

·         Detailed Process of Manufacture with Formulation

·         Packaging Required

·         Process Flow Sheet Diagram

 

Ø  Infrastructure and Utilities

·         Project Location

·         Requirement of Land Area

·         Rates of the Land

·         Built Up Area

·         Construction Schedule

·         Plant Layout and Requirement of Utilities

 

Project at a Glance

Along with financial details as under:

 

  •     Assumptions for Profitability workings

  •    Plant Economics

  •    Production Schedule

  •    Land & Building

            Factory Land & Building

            Site Development Expenses

  •    Plant & Machinery

             Indigenous Machineries

            Other Machineries (Miscellaneous, Laboratory etc.)

  •    Other Fixed Assets

            Furniture & Fixtures

            Pre-operative and Preliminary Expenses

            Technical Knowhow

            Provision of Contingencies

  •   Working Capital Requirement Per Month

             Raw Material

            Packing Material

            Lab & ETP Chemical Cost

           Consumable Store

  •   Overheads Required Per Month And Per Annum

         Utilities & Overheads (Power, Water and Fuel Expenses etc.)

             Royalty and Other Charges

            Selling and Distribution Expenses

  •    Salary and Wages

  •    Turnover Per Annum

  •   Share Capital

            Equity Capital

            Preference Share Capital

 

  •    Annexure 1:: Cost of Project and Means of Finance

  •    Annexure 2::  Profitability and Net Cash Accruals

                Revenue/Income/Realisation

                Expenses/Cost of Products/Services/Items

                Gross Profit

                Financial Charges     

                Total Cost of Sales

                Net Profit After Taxes

                Net Cash Accruals

  •   Annexure 3 :: Assessment of Working Capital requirements

                Current Assets

                Gross Working. Capital

                Current Liabilities

                Net Working Capital

                Working Note for Calculation of Work-in-process

  •    Annexure 4 :: Sources and Disposition of Funds

  •    Annexure 5 :: Projected Balance Sheets

                ROI (Average of Fixed Assets)

                RONW (Average of Share Capital)

                ROI (Average of Total Assets)

  •    Annexure 6 :: Profitability ratios

                D.S.C.R

                Earnings Per Share (EPS)

               

             Debt Equity Ratio

        Annexure 7   :: Break-Even Analysis

                Variable Cost & Expenses

                Semi-Var./Semi-Fixed Exp.

                Profit Volume Ratio (PVR)

                Fixed Expenses / Cost 

                B.E.P

  •   Annexure 8 to 11:: Sensitivity Analysis-Price/Volume

            Resultant N.P.B.T

            Resultant D.S.C.R

   Resultant PV Ratio

   Resultant DER

  Resultant ROI

          Resultant BEP

  •    Annexure 12 :: Shareholding Pattern and Stake Status

        Equity Capital

        Preference Share Capital

  •   Annexure 13 :: Quantitative Details-Output/Sales/Stocks

        Determined Capacity P.A of Products/Services

        Achievable Efficiency/Yield % of Products/Services/Items 

        Net Usable Load/Capacity of Products/Services/Items   

       Expected Sales/ Revenue/ Income of Products/ Services/ Items   

  •    Annexure 14 :: Product wise domestic Sales Realisation

  •    Annexure 15 :: Total Raw Material Cost

  •    Annexure 16 :: Raw Material Cost per unit

  •    Annexure 17 :: Total Lab & ETP Chemical Cost

  •    Annexure 18  :: Consumables, Store etc.,

  •    Annexure 19  :: Packing Material Cost

  •    Annexure 20  :: Packing Material Cost Per Unit

  •    Annexure 21 :: Employees Expenses

  •    Annexure 22 :: Fuel Expenses

  •    Annexure 23 :: Power/Electricity Expenses

  •    Annexure 24 :: Royalty & Other Charges

  •    Annexure 25 :: Repairs & Maintenance Exp.

  •    Annexure 26 :: Other Mfg. Expenses

  •    Annexure 27 :: Administration Expenses

  •    Annexure 28 :: Selling Expenses

  •    Annexure 29 :: Depreciation Charges – as per Books (Total)

  •   Annexure 30   :: Depreciation Charges – as per Books (P & M)

  •   Annexure 31   :: Depreciation Charges - As per IT Act WDV (Total)

  •   Annexure 32   :: Depreciation Charges - As per IT Act WDV (P & M)

  •   Annexure 33   :: Interest and Repayment - Term Loans

  •   Annexure 34   :: Tax on Profits

  •   Annexure 35   ::Projected Pay-Back Period And IRR