Health

Global Condoms Market to Reach $10.5 Billion by 2026

SAN FRANCISCO, May 25, 2021 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Condoms – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

Global Condoms Market

FACTS AT A GLANCE

Edition: 18; Released: May 2021

Executive Engagements: 1680

Companies: 213– Players covered include Church & Dwight Co., Inc.; Fuji Latex Co., Ltd.; HLL Lifecare Ltd.; LifeStyles Healthcare Australia; Karex Berhad; Okamoto Industries, Inc.; Reckitt Benckiser; Thai Nippon Rubber Industry Public Limited Company; Veru Inc. and Others.

Coverage: All major geographies and key segments

Segments: Type (Natural, Synthetic); Product (Male, Female); Sector (Non-Institutional, Institutional)

Geographies: World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

Complimentary Project Preview – This is an ongoing global program. Preview our research program before you make a purchase decision. We are offering a complimentary access to qualified executives driving strategy, business development, sales & marketing, and product management roles at featured companies. Previews provide deep insider access to business trends; competitive brands; domain expert profiles; and market data templates and much more. You may also build your own bespoke report using our MarketGlass Platform which offers thousands of data bytes without an obligation to purchase our report. Preview Registry

ABSTRACT-

Global Condoms Market to Reach $10.5 Billion by 2026

Condoms are used for minimizing the risk of diseases, such as Human Immunodeficiency Virus (HIV), hepatitis B, chlamydia, gonorrhea, and trichomoniasis. The rising prevalence of sexually transmitted diseases is creating significant demand for condoms across the globe. Increasing awareness about sexually transmitted diseases among people and the rising demand from institutions, such as NGOs, global organizations, and public health organizations, for promoting the concept of safe sex and increasing the awareness about sexually transmitted diseases among people is driving growth in the condoms market globally. International healthcare agencies, such as WHO, UNAIDS, and UNFPA, are undertaking various initiatives for creating awareness about the role of male and female condoms for preventing HIV infection, which is effectively increasing the use of this contraceptive, particularly in the underdeveloped regions. In addition, increasing adoption of social media platforms for promoting condoms as means of safe sex is further driving the sale of condoms through online channels.

Amid the COVID-19 crisis, the global market for Condoms estimated at US$7.5 Billion in the year 2020, is projected to reach a revised size of US$10.5 Billion by 2026, growing at a CAGR of 5.7% over the analysis period. Natural, one of the segments analyzed in the report, is projected to record 5.4% CAGR and reach US$7.7 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Synthetic segment is readjusted to a revised 6.2% CAGR for the next 7-year period. Natural latex condoms are the most widely used condoms globally, while polyisoprene and polyurethane account for a very small share owing to the higher prices of these condoms. Natural latex and polyisoprene constitute the major materials from which majority of condoms are manufactured. Polyisoprene as a material is thinner when compared to natural latex and also does not smell as latex and therefore is the preferred choice for manufacturing branded condoms.

The U.S. Market is Estimated at $1.5 Billion in 2021, While China is Forecast to Reach $2.5 Billion by 2026

The Condoms market in the U.S. is estimated at US$1.5 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.5 Billion by the year 2026 trailing a CAGR of 7.2% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.7% and 5.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.2% CAGR. Rising awareness pertaining to HIV and STDs is one of the most prominent factors behind strong demand for condoms in the US. Condom demand in the country is also propelled by increasing need for population control and family planning. The European condom market is expected to be majorly driven by the increased disposable income, growing adoption of birth control methods, and the rising popularity of condoms, particularly among women. Increasing birth rates, changing literacy patterns and hygiene scenarios, fast-paced consumer lifestyles and increase in number of working women are the major that underpin growth in developing countries. More

MarketGlass Platform

Our MarketGlass Platform is a free full-stack knowledge center that is custom configurable to today’s busy business executive’s intelligence needs! This influencer driven interactive research platform is at the core of our primary research engagements and draws from unique perspectives of participating executives worldwide. Features include – enterprise-wide peer-to-peer collaborations; research program previews relevant to your company; 3.4 million domain expert profiles; competitive company profiles; interactive research modules; bespoke report generation; monitor market trends; competitive brands; create & publish blogs & podcasts using our primary and secondary content; track domain events worldwide; and much more. Client companies will have complete insider access to the project data stacks. Currently in use by 67,000+ domain experts worldwide.

Our platform is free for qualified executives and is accessible from our website www.StrategyR.com or via our just released mobile application on iOS or Android

About Global Industry Analysts, Inc. & StrategyR

Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world’s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:

Zak Ali

Director, Corporate Communications

Global Industry Analysts, Inc.

Phone: 1-408-528-9966

www.StrategyR.com 

Email: ZA@StrategyR.com 

LINKS

Get Full Report Details

https://www.strategyr.com/market-report-condoms-forecasts-global-industry-analysts-inc.asp 

Join Our Expert Panel

https://www.strategyr.com/Panelist.asp 

Connect With Us on LinkedIn

https://www.linkedin.com/company/global-industry-analysts-inc./ 

Follow Us on Twitter

https://twitter.com/marketbytes 

Journalists & Media

Info411@strategyr.com

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/global-condoms-market-to-reach-10-5-billion-by-2026–301299014.html

SOURCE Global Industry Analysts, Inc.

Related Posts

1 of 848