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Condom Market 2020 Regional Growth Drivers, Opportunities, Trends, and Forecasts to 2025

Author : Ronak Bora | Published Date : 2020-09-10 

Condom Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

The condom market is estimated to witness tremendous growth and demand over the years given to rise in cases of sexually transmitted diseases worldwide. The market has matured across developed countries like Germany & the U.S. and is in the nascent stage across emerging economies. Condoms are one of the best known forms of contraceptives and are widely used to prevent sexually transmitted diseases and attain birth control.

Increasing awareness regarding the practice of protective sex across developing economies could positively impact business growth. While GMI, predicts that the condom market might surpass USD 7 billion by the year 2025. Several governments across the world are collaborating with industry participants to launch multiple promotional campaigns to publicize the benefits of condoms and its importance as a birth control measure.

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Apart from federal bodies, non-profit organizations are also taking in significant efforts to spread awareness about the benefits of condoms in rural areas. These initiatives could help rural people to clear their doubts regarding some of the myths of contraceptives and the availability of these products.

Based on condom types, natural condoms are expected to dominate overall market share over the predicted timeframe. Earlier in 2018, the segment had controlled almost 70% of the revenue share. These condoms are generally made out of latex or lambskin, which gives them superior durability.

People who have sensitive skin usually prefer using natural condoms as they prevent unnecessary skin rashes. Speculating the side effects acrossciated with synthetic condoms, companies have started to roll out natural condoms that work well with different skin types. Citing an instance, in 2020, Komal Baldwa, an entrepreneur from Hyderabad, launched an organic line-up of male condoms made out of latex called Bleu. These condoms were free of glycerine, parabens, benzocaine, and artificial flavors, which in turn makes them skin-friendly. In addition to this, natural condoms are not fragile as plastic condoms, making them a popular choice among young population.

By product, the male condoms segment is projected to experience over 7% CAGR by 2025. These condoms provide adequate protection against diseases like chlamydia, HIV and gonorrhea and are efficient in preventing pregnancy compared to female condoms.

While on a regional front, Asia Pacific is considered to be an ideal landscape for regional condom manufacturers. The market is projected to record almost 9% growth by 2025. This growth can mainly be credited to surging prevalence of STDs in the region. As per AVERT, nearly 2 million people in India were tested positive for HIV in 2017. Apart from India, other APAC countries are also suffering from similar conditions.

Companies operating in the condom industry are heavily investing in advanced research and development activities to develop new, high-quality condoms that would entice consumer’s interest. Taking June 2019 for instance, global leader in sexual protection solutions, LifeStyles introduced its new line-up of LifeStyles® Ultra-Sensitive Platinum condoms. 

Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/condom-market

Partial Chapter of the Table of Content 

Chapter 4. Condom Market, By Type

4.1. Key segment trends

4.2. Natural condom

4.2.1.  Market size, by region, 2014 – 2025 (USD Million, Million Units)

4.2.1.1.  Latex

4.2.1.1.1. Market size, by region, 2014-2025 (USD Million, Million Units)

4.2.1.2.  Lambskin

4.2.1.2.1. Market size, by region, 2014-2025 (USD Million, Million Units)

4.3. Synthetic condom

4.3.1.  Market size, by region, 2014 – 2025 (USD Million, Units)

4.3.1.1.  Polyurethane

4.3.1.1.1. Market size, by region, 2014-2025 (USD Million, Million Units)

4.3.1.2.  Polyisoprene

4.3.1.2.1. Market size, by region, 2014-2025 (USD Million, Million Units)

4.3.1.3.  Nitrile

4.3.1.3.1. Market size, by region, 2014-2025 (USD Million, Million Units)

Chapter 5. Condom Market, By Product

5.1. Key segment trends

5.2. Male Condoms

5.2.1.  Market size, by region, 2014 – 2025 (USD Million)

5.3. Female Condoms

5.3.1.  Market size, by region, 2014-2025 (USD Million)

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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