The Global Condom Market was valued at US$ 7.11 Bn in 2018 and is projected to increase significantly at a CAGR of 9.1% from 2022 to 2031.
Market growth is expected to be boosted by rising awareness about condom use, the availability of different condom types to meet consumer needs, and efforts to reduce HIV and other STIs. The market will also be driven by the distribution of condoms free of charge by government agencies.
*******Super Saving Discount Offer !! Save 25% For Single User | Save 38% Multi-User | Save 45% Corporate Users *******
Each country’s government is taking initiatives to increase awareness and encourage the use of contraceptives among the younger generation to combat the HIV epidemic and prevent unintended pregnancies. UNAIDS 2020 targets that 90% of HIV-positive people will be aware of their HIV status by 2020, and 90% will receive antiretroviral treatment.
Participating countries promote condom use and provide adequate sex education for youth. With the support of UNFPA, other organizations, and governments, condom distribution is free in rural areas.
Correctly used, male condoms can prevent pregnancy and sexually transmitted diseases such as HIV by 98%. The UNAIDS Programme on HIV/AIDS states that condoms can be used consistently and correctly to protect against STDs and unplanned pregnancies. The World Health Organization (WHO) and the Center for Disease Control and Prevention play a major role in spreading awareness about safe sex using condoms. This has led to a significant increase in condom use among sexually active couples in the last decade.
DRIVING FACTORS
DRIVING FIXERS Increased Awareness of the Birth Control Needs to Expand Market Size
The product should be used consistently and properly to provide effective contraception. This is the key driver behind the growth of the condom market. According to the UN’s Contraceptive Use by Method 2019 report, the global prevalence of male contraceptive devices has risen from 4.8% to 11.0% between 1994 and 2020. The report states that women aged 18 to 49 who use male-based contraceptives have increased dramatically from 65 million in 1995 to 191 million in 2020.
Contraceptives, oral pills, and other birth control methods can cause side effects and hormonal imbalances, posing a serious health risk for women. The increasing education of women has helped market growth. Women demand that their sex partners use effective contraceptives. Because it’s convenient, it’s more popular than any other method.
RESTRAINING FACTORS
Tearing and allergies can limit the market growth. Products can be damaged by splitting, tearing, or allergic reactions to male or female-based products. Market growth will also be limited by the low awareness of low-income countries and inaccessible sexual health products in rural areas.
Recent development
SKYN Condoms launched a SKYN(r), Excitation condom in May 2021. It features a unique wave design and is a brand new condom. Industry participants are introducing non-latex condoms more often.
Trojan’s New XOXO was launched in July 2020. It features innovative packaging, including a compact mini travel bag that can store up to two condoms.
Key Market Segments:
Type
- Latex
- Non-Latex
Application
- Under 25
- 25-34
- 35-49
- Above 50
Key Market Players included in the report:
- Durex
- Okamoto
- Trojan
- Ansell
- Sagami
- Gulin Latex
- NOX
Frequently Asked Questions
What is the market study period?
What is the growth rate for Condom Market?
Which region has the highest rate of growth in the Condom Market?
Which region is the largest in Condom Market?
Who are the major players in Condom Market
About Market.us
Market.US (Powered by Prudour Private Limited) specializes in in-depth market research and analysis and has been proving its mettle as a consulting and customized market research company, apart from being a much sought-after syndicated market research report providing firm.
Contact Details:
Global Business Development Team – Market.us
Address: 420 Lexington Avenue, Suite 300 New York City, NY 10170, United States
Phone: +1 718 618 4351 (International), Phone: +91 78878 22626 (Asia)
Email: [email protected]
I am author, tech blogger, and digital marketing expert who has been writing since 4.5 years. I am a computer engineer by profession. My passion is to think of new ways that help websites improve their SEO in a healthy way. I enjoys sharing knowledge and information on multiple subjects with the aim of creating online visibility and sharing thoughts. Aside from that, my hobbies are reading books, listening to music and watching sports.
