A New Study Provides Fresh Insights Into Key Trends that Will Keep the Condoms Market Moving Into 2027
The global market for Condoms is forecast to reach US$11 billion by 2027, driven by the emphasis on preventing unwanted pregnancy and sexually transmitted diseases (STDs) such as HIV, gonorrhea, chlamydia, syphilis and genital warts.
Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Condoms market. Report segmentation includes Type (Natural, Synthetic); Product (Male, Female); Sector (Non-Institutional, Institutional) ).
14 June 3:18 A.M., California/Marketwire/ - According to the new market research report, the global market for Condoms is forecast to reach US$11 billion by 2027, driven by the emphasis on preventing unwanted pregnancy and sexually transmitted diseases (STDs) such as HIV, gonorrhea, chlamydia, syphilis and genital warts. Even amid the COVID-19 pandemic, the focus on reproductive health remains unchanged. With all non-essential manufacturing activities shut down under the lockdown imposed in most countries, production of condoms however is severely disrupted. Supply chain disruptions are additionally forcing plants to operate far below their nameplate production capacity. Karex, a Malaysian contraceptive giant is already witnessing production fall by over 200 million units. Chinese manufacturers are still struggling to get their production back on track. Classified as a medical device, shortage in condoms can affect reproduction health and well-being especially among the poor in low & middle income countries. With demand continuing to hold steady, the decline in production and trade will deplete inventory stockpiles in the coming months.
Increase in unintended pregnancies and HIV & STD infections are fallouts that can burden the healthcare system in the post COVID-19 period. In addition to the immediate focus on ramping up production rates, effervescent product innovations will also remain crucial to market growth over the long-term period. Few of the innovations focused on making condoms more effective, convenient, and pleasurable include condoms infused with lubricants such as aloe extracts; condoms with anti-ejaculation chemicals; color changing condom that detect STDs; and multi-textured condom varieties such as ribbed, dotted and condoms with ridges, grooves and bumps to increase stimulation; and condoms coated with antimicrobial chemicals; among others. The coming years are forecast to witness breakthrough innovations in condom materials and design such as condoms with Galactic Cap that has already secured pre-approved by the FDA; ORIGAMI condoms manufactured from alternative materials; and LELO HEX™ condoms featuring revolutionary hexagonal structure for increased thinness, strength and sensations.
The market will also benefit from the policy led initiatives undertaken by governments worldwide to promote the concept of safe sex and create public health awareness over the importance of family planning. Asia-Pacific including China ranks as major market led by factors such as higher proportion of younger demographics; growing population and increased pressure on family planning; growing literacy rates and the gradual reduction in social stigma associated with contraceptives; women`s sexual liberation in emerging Asian countries, and growing popularity of female condoms.
Key Competitors Covered in the Report
Church & Dwight Co. Inc.
Fuji Latex Co.,
Guilin Latex Factory
HLL Lifecare Limited
Humanwell Healthcare (Group) Co. Ltd. (Formerly Ansell)
Reckitt Benckiser Group Plc.
Thai Nippon Rubber Industry Co., Ltd.
Veru Inc. (Formerly The Female Health Co.)
Geographies Analyzed in the Report
Europe (France, Germany, Italy, United Kingdom, Spain, Russia, and Rest of Europe)
Asia-Pacific (Australia, India, South Korea, and Rest of Asia-Pacific)
Latin America (Argentina, Brazil, Mexico, and Rest of Latin America)
Middle East (Iran, Israel, Saudi Arabia, United Arab Emirates, and Rest of Middle East)
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. All analysis and findings published in the report are based on validated engagements from a total executive pool size of 2979. Among this pool, 536 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 89 unique participations, a total of 41 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.
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