The Global Market for Condoms is Forecast to Reach 48.5 Billion Units, Worth US$8 Billion by 2022

Emphasis on Preventing STDs & Growing Popularity of Female Condoms Drive the Condoms Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Condoms market. The global market for Condoms is forecast to reach 48.5 billion units, worth US$8 billion by 2022.  Key factors driving growth include increasing emphasis on preventing unwanted pregnancy and sexually transmitted diseases; growing popularity of female condoms, and continuous focus on product innovations by manufacturers.

The global market for condoms is on a steady growth trend, backed by increasing emphasis on preventing unwanted pregnancy and sexually transmitted diseases; growing popularity of female condoms; and continuous product innovations by leading manufacturers. Other growth drivers include growing preference for condoms as preferred choice of contraception given the potential health hazards of using contraceptive pills; use of condoms by gays; increased and enhanced commercial advertising stressing upon social acceptance; expanding distribution channels; increasing public health campaigns promoting the concept of safe sex and eye-catching and unique packaging by manufacturers. Initiatives taken up by government are also playing a role in propelling market growth.

Condom marketing is moving towards emphasis on improving sexual pleasure. Manufacturers in this regard are constantly innovating new products such as super-thin, biodegradable, and custom-fit condoms. Other innovations include glowing as well as sports-themed condoms, female condoms fitted with Bluetooth outer ring, and male condoms with anti-ejaculation chemicals. One of the major objectives behind all these recent product innovations is to significantly enhance the overall pleasure, and position condom as a product that improves sex. Another notable trend in the condoms market is the growing popularity of female condoms. Female condoms are being viewed as a way of providing females with more control over their own sexual safety, and helps in preventing unwanted pregnancy as well as spread of STDs. Female condoms are being promoted by institutions and commercial forums including UNAIDS in several developing countries, such as Ghana, South Africa, and Brazil. Nevertheless, male condoms continue to dominate the market accounting for a lion’s share of the overall global condoms market in 2015.

As stated by the new market research report on Condoms, developing countries are expected to drive future growth given the relatively strong economic activity, and higher proportion of younger demographics. Limited condom users and lack of awareness offer untapped opportunities for growth. Condom use specifically in countries like India and China is growing continuously, on account of increasing population, strong economy, and heightened public awareness that condom provides protection against STIs. Asia-Pacific represents the largest as well as the fastest growing market worldwide.

Major players covered in the report include Ansell Limited, Condomi Health International GmbH, Church & Dwight Co. Inc., Fuji Latex Co., HLL Lifecare Limited, Karex Berhad, Okamoto Industries, Reckitt Benckiser Group Plc., The Female Health Co., Thai Nippon Rubber Industry Co., Ltd., Guilin Latex Factory, Unidus Corp., Guangzhou Guangxiang Enterprises Group Co., Ltd. Doubleone Latex Factory, Pleasure Latex Products S/B, among others.

The research report titled “Condoms: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of major companies. The report provides market estimates and projections in Million Units and US$ Million for all major geographic markets, including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America), and Rest of World markets. Product Segments analyzed for the global and regional markets include Male Condoms and Female Condoms.

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