The global demand for gloves continues to rise by 15% per annum underpinned by rising hygiene awareness, says Kenanga Research
In a sector update today, the research house has maintained a “neutral” call on the sector, which it said will benefit from a relief in cost pressures and savings from the decommissioning of older plants for the second half of 2023. It also projects that industry capacity cutbacks ought to bring back more rational competition and hopefully stop the bleeding of the industry players.
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