Condom primarily acts as a barrier mediumof contraceptionand is generally used during coitus to prevent the sexually transmitted infections and to minimize the chances of pregnancy. Condoms are easy to use and very inexpensive with less side effects. Male condoms are commonly made from latex, but few are made from materials such as polyurethane, lamb intestine and polyisoprene. However, female condoms are usually made of nitrile. Continuous improvements in both female and male type condoms fascinating more consumers thereby raising the growth of the global condom market.
Increasing sales and consumption of condoms have forced the condom manufacturing companiesto introduce condoms with new advanced materials. Evaluation in male condoms like anti-ejaculation chemicals have further increased consumer interest in this market. Increasing use of condoms by teenagers, is the major factor rising the growth of the global condom market. Innovation of new products such as biodegradable, custom-fit and super thin condoms by the key manufacturers is further expected to promote the condom market in the upcoming years. In addition, rising commercial advertisement of condoms and expanding distribution channels across the globe, makes the market more demanding. Additionally, surge in public health campaigns coupled with government initiatives, is also a prime factor boosting the global condom market growth over the period of 2017-2025.Moreover, initiation of female condoms is also a major reason behind the growth of the worldwide condom market. Innovative and luxury packaging of condoms further propels the condom market growth during the projection period of 2017-2025.
The condom market in report is segmented by material which includes latex and non-latex. The non-latex material type is further sub-segmented as nitrile, lambskin, polyurethane and polyisoprene. Moreover, based on type the condom market is further bifurcated as men condom and female condom. Moving forward, on the basis of distribution channel the condom market is analyzed as super markets/ hyper markets, drug stores, specialty stores and online. The global condom market has been moreover segmented geographically into North America, Europe, Asia-Pacific, Middle East and Africa and Latin America.
Moreover, among the other regions, Asia-Pacific is witnessing a faster growth rate in the condom market, owing to the increasing population and growing public awareness in countries like India and China. Additionally, rising internet penetration and surge in production of variety of condom products, further makes the Asia-Pacific region hold a strong market position. Moving forward, North-America and Europe is witnessing a steady growth in the condom market. Large number of condom manufacturers present in these regions coupled with the increasing use of condoms mostly by young population, makes the market demanding in both regions. From the past few years, rising sales of female condoms in the U.S. is also a prime factor augmenting the growth of condom market in North-America.Further down, on-account of advanced economies and efficient distribution channel, the condom market in Middle East & Africa region is estimated to have a high market revenue in the coming years. Moreover, in Latin-America, non-government organizations (NGOs) and governments play an important role in the condom market. Every year, NGOs and governments provide free condoms to the common public in-order to prevent sexually transmitted infections such as HIV and AIDs. This makes the condom market more prevalent in the Latin-America region.
However, lack of awareness among individuals and limited condom users is expected to hinder the global condom market in the next few years. Moreover, other method of contraception is also a factor which is expected to dampen the growth of global condom market during the projection period of 2017-2025.
Some of the major players in the global condom market include Ansell Limited, Fuji Latex Co. Ltd., Karex Berhad, HLL Life care Limited, Church & Dwilight Co. Ltd. among others.
Global Condom Market: By Material
Global Condom Market: By Type
Global Condom Market: By Distribution Channel
Global Condom Market: By Geography