19-Jan-2022 | Facts and Factors
“Condom Market By Type (Natural Condom (Latex, Lambskin), and Synthetic Condoms (Polyurethane, Polyisoprene, Nitrile)), By Product (Male Condom and Female Condom), By Sector (Institutional and Non-institutional), and By Distribution Channel (Hypermarkets/Supermarkets, Convenience Stores, Pharmacies and Drug Stores, Online Retail Stores, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2021–2026” states that the global demand for the condom market in 2020 was approximately USD 8,200.1 Million. The market is likely to grow at a CAGR of 7.1% and is anticipated to reach around USD 9,600.4 Million by 2026.
Condom refers to as a sheath-shaped barrier tool used at the time of sexual intercourse for reducing the chances of pregnancy or sexually transmitted infection (STI). Additionally, it is available as both male and female condoms. The growth of the global condom market can be attributed to key factors such as the increasing awareness related to the usage of condoms via sex educational programs and the rising incidences of sexually transmitted diseases across the globe. Other growth aspects that are fuelling the market expansion include the escalating use of online distribution channels and the growing adoption of contraceptives to avoid unwanted pregnancy.
Moreover, the introduction of new products with several features, capabilities, and exotic fun has been launched by top companies. Also, manufacturers are focusing to create a wide-ranging variety of products as there have been campaigns run by government agencies. This, in turn, offers free and broad advertisement and increases the sales of these market players. Besides, the government in various countries is giving condoms at reasonable rates and educating citizens regarding their uses, creating awareness and growing the users.
Geographically, the condom market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific Dominates the Condom Market. Asia-Pacific is contributing to the largest market share and is likely to develop at the highest growth rate in the upcoming years. This is due to the increasing demand in countries like India, China, Japan, and Australia due to the high population along with the escalating incidence of STDs and HIV, and the encouraging government initiatives that are being undertaken to control the population. Additionally, China is one of the biggest markets in the global condom industry. Moreover, the Indian government in alliance with HLL Lifecare launched the Nirodh brand condoms to give dual protection from unwanted pregnancy and sexually transmitted infections (STI), driving the Asia-Pacific condom market expansion.
North America is contributing to major market share in the global condom market as a result of various factors like the increasing demand for female condoms, the presence of key players, the rising incidence of HIV, and the growing product launches in the region. Also, there is a rise in the demand for condoms with an ongoing vaccination drive and ease in COVID-19 restrictions in North America. The rising occurrence of Sexually Transmitted Diseases (STDs) will create the need for the adoption of condoms.
Browse the full “Condom Market By Type (Natural Condoms (Latex, Lambskin), and Synthetic Condoms (Polyurethane, Polyisoprene, Nitrile)), By Product (Male Condom and Female Condom), By Sector (Institutional and Non-institutional), and By Distribution Channel (Hypermarkets/Supermarkets, Convenience Stores, Pharmacies and Drug Stores, Online Retail Stores, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2021 – 2026” report at https://www.fnfresearch.com/condom-market
The European condom market has a substantial growth rate because of the increase in the demand by sex workers, lesbians. Besides, government programs are undertaken to support the use of contraceptives in the youth population for preventing HIV transmission.
Okamoto Industries Inc., Ansell Ltd., Cupid Limited, Reckitt Benckiser Group Plc., Mayer, Caution wear, Karex Industries Sdn. Bhd., Veru, Graphic Armor LLC., B Holding Group LLC, Church & Dwight Co. Inc., Mankind Pharma, HLL Life Care Ltd., Sagami Rubber Industries., Fuji Latex Co. Ltd., and Humanwell Group & CITIC Capital are major companies operating in the global condom industry. In addition, the major market players are adopting numerous growth strategies to keep up with the market competition.
This report segments the global condom market as follows:
Global Condom Market: By Type
- Natural Condom
- Synthetic Condoms
- Polyurethane
- Polyisoprene
- Nitrile
Global Condom Market: By Product
- Male Condom
- Female Condom
Global Condom Market: By Sector
- Institutional
- Non-institutional
Global Condom Market: By Distribution Channel
- Hypermarkets/Supermarkets
- Convenience Stores
- Pharmacies and Drug Stores
- Online Retail Stores
- Others
Global Condom Market: Regional Segmentation Analysis
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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