Condom Market Demand 2027 | by Product Disposable and Rising Usage in Application as Chemical, Medical and Industrial will Boost Industry Growth
The global ''condom market size'' is expected toreach USD 9.90 billion by 2027, exhibiting a CAGR of 9.3% during the forecastperiod. The growing awareness regarding STDs such as, hepatitis B, Syphilis,trichomoniasis, and chlamydia can fuel demand for condoms, which, in turn, willaid the expansion of the market, states Fortune Business Insights, in a report,titled “Condom Market Size, Share & COVID-19 Impact Analysis, ByType (Male and Female), Material (Latex and Non-latex), Distribution Channel(Mass Merchandisers, Drug Stores, Online, and Others), and Regional Forecast,2020-2027.” The market size stood at USD 4.48 billion in 2019.
COVID-19 Impact Analysis:
The coronavirus incident has causedcolossal loss to several industries across the globe. The governments ofseveral countries have instigated lockdown to thwart the spread of this deadlyvirus. Such plans have caused disturbances in the production and supply chain.But, with time and resolution, we will be able to combat this stern time andget back to normality. Our well-revised reports will help companies to receivein-depth information about the present scenario of every market so that you canadopt the necessary strategies accordingly.
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List of the Leading Companies Profiledin the Global Condom Market are:
- Reckitt Benckiser Group (Slough, U.K.)
- LifeStyles Healthcare Pte Ltd (Melbourne, Australia)
- Mankind Pharma (New Delhi, India)
- Church & Dwight Co., Inc. (Ewing, U.S.)
- Cupid Limited (Nashik, India)
- Karex Berhad (Selangor, Malaysia)
- Veru Inc. (Miami, U.S.)
- HLL Lifecare Limited (Thiruvananthapuram, India)
- Mayer Laboratories, Inc. (Sonoma, U.S.)
- Okamoto Industries, Inc. (Tokyo, Japan)
The report onthe condom market features:
- Far-reaching analysis of the market
- Essential facts about prominent players
- Dominant regions in the market
- Key drivers and trends
- Significant development
- Market challenges and restraints
- Coronavirus effect
Key Market Driver:
Increasing Consciousnessabout Birth Control to Effectively Uplift Market
The growing knowledge about the use ofcondoms as a contraceptive can have an excellent impact on the market growthduring the forecast period. As per the report, Contraceptive Use byMethod 2019 of the United Nations, the prevalence of male contraceptive producthas escalated from 4.5% in 1994 to 10.0% in 2019 globally. As per the samereport, the number of women (those with reproductive age of 15 to 49 years)relying on male condoms as a means of contraception has substantially increasedfrom 64 million in 1994 to 189 million in 2019. Furthermore, the increasingutilization of other control methods such as oral pills can simultaneouslyimprove the prospects of the market. However, oral pills have adverse effectsand cause hormonal imbalance in women, resulting in serious health problems.Therefore, the weakened inclination towards contraceptive pills among women cansubsequently fuel demand for these products. Besides, the rising sex educationin developing nations can have a positive impact on the market in theforthcoming years.
Increased Supply of Essential HealthProducts to Elevate Market amid COVID-19
The lockdown imposed by governmentsrestricted the supply of various products. However, the accessibility andsupply of essential wellness products have improved the scope of the marketduring the pandemic. The United Nations Population Fund (UNFPA) provided asummary in their brief published in April 2020 ‘Condoms and lubricants in thetime of COVID-19’. It has provided necessary actions that needed to be taken tosustain supplies of this during the time of COVID-19 to ensure unintendedpregnancies, as well as other concerns of unprotected sex, do not surfaceduring the lockdown. Moreover, the increasing product availability and enhancedsupply chain with no lockdown will consequently boost the growth of the marketin the time of the pandemic.
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Ever-increasing Population to SpurDemand in Asia Pacific
The market in Asia Pacific is lucrativeand is expected to experience a rapid growth rate during the forecast periodowing to the ever-increasing population and increasing education level in thedeveloping nations. The growing awareness regarding birth control methods canhave an excellent impact on the market in Asia Pacific. The implementation ofchildbearing policies to control the population will effectually aid the growthof the market in the region. The increasing number of unwanted pregnancies willfurther spur demand for condoms, thus promoting the growth of the market. Asper the report, Contraceptive Use by Method 2019 of the United Nations, inEastern and South-Eastern Asia, it is one of the most prevalent contraceptivemethods accounting for 17% share in 2019. Europe and North America are expectedto experience a steady growth rate owing to the higher usage rate ofcontraceptive products. As per the report, Contraceptive Use by Method 2019 ofthe United Nations, condoms in Europe and Northern America account for 14.6%share among all contraceptive methods in 2019.
Condom Market Report Focus on:
- Extensive product offerings
- Customer research services
- Robust research methodology
- Comprehensive reports
- Latest technological developments
- Value chain analysis
- Potential Market opportunities
- Growth dynamics
- Quality assurance
- Post-sales support
- Regular report updates
Reasons to Purchase this Report:
- Comprehensive analysis of the market growth drivers, obstacles, opportunities, and other related challenges.
- Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
- Identifies market restraints and boosters.
- Identifies all the possible segments present in the market to aid organizations in strategic business planning.
Key Questions Answered:
Why Choose Fortune Business Insights?
What are the key demands and trends shaping the market?
What are the key opportunities in the market?
What are the key companies operating in the market?
Which company accounted for the highest market share?
What is the market size and growth rate of the global and regional market byvarious segments?
What is the market size and growth rate of the market for selective countries?
Which region or sub-segment is expected to drive the market in the forecastperiod?
What Factors are estimated to drive and restrain the market growth?
October 2020: Durex, a brand based in Britain introduced a newproduct range, ‘‘Durex invisible condoms’’. This was launched in India asIndia’s thinnest product.
Browse Detailed Summary of ResearchReport with TOC:
Detailed Table of Content:
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Overview of the Parent/Related Markets
- Industry SWOT Analysis
- Emerging Trends
- Recent Industry Developments - Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
- Qualitative Analysis (In Relation to COVID-19)
- Impact of COVID-19
- Supply Chain Challenges
- Potential Opportunities due to COVID-19
- Global Condom Market Analysis, Insights and Forecast, 2016-2027
- Key Findings / Summary
- Market Size Estimates and Forecast
- By Type (Value)
- Male Condom
- Female Condom
- By Material(Value)
- By Distribution Channel (Value)
- Mass Merchandisers
- Drug Stores/Pharmacies
- Online Retail Stores
- By Region (Value)
- North America
- Asia Pacific
- South America
- Middle East & Africa
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