The Malaysian Rubber Glove Manufacturers Association (Margma) predicts that the rubber glove industry’s performance this year will perform well, with revenue expected to grow by 16 % year-on-year to RM18.8 billion.
Margma Committee Member, Datuk Lee Kim Meow, said the growth would be driven by stronger economic growth around the world as well as heightened healthcare awareness.
“The industry remains resilient and there are signs that the world economy is picking up very fast, so this augurs well for the industry because the demand for gloves will definitely increase,” he said.
Moving forward, Lee, who is also Managing Director of Top Glove Corp Bhd, said Margma would continue to work closely with its stakeholders to boost the industry’s growth.