Condom Market: Global Opportunity Analysis and Industry Forecast, 2021-2030 Market

The global condom market has experienced a significant growth, and is expected to grow considerably in the upcoming years. Condom is a contraception device that is used to prevent unplanned pregnancy, STDs (Sexually Transmitted Diseases) and spread of HIV. Basically, latex condom is sold by most of the companies due to its durability & flexibility and is available in different size, shape, flavors, color, and texture. The latex condoms can stretch 700% before breaking which making it the most usable condom type. Non-latex condoms are mostly used by people allergic to latex products. Mostly men condoms have huge chunk of market share being inexpensive and easily available but female condoms are also paving way out to set in the market.  Innovation in the condom industry shows launch of exoticflavours, thin latex condom and different textures by different market players.

COVID-19 Scenario Analysis

• With the increasing cases of COVID-19 worldwide, most of the factories production is halted, however the essential pharma items are allowed for manufacturing and sale. Most of the chemist went out of stock in every brand of condoms they sell by the end of April 2020 i.e, 40 days of lock down. The Covid-19 has shown appositive impact on sale of condoms and has increased awareness among people and boosted up the sales. 

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

Surge in use of by youngsters, sex workers, LGBTQ community and other people is seen because of large initiatives been taken by the international and government healthcare associations,WHO, CDC, UNAIDS, UNFPA, NACP, etc to prevent population explosion and spread of STDs like HIV.  In addition, growth in distribution channel using e-commerce website, rise in awareness by NGO’s in rural areas about safe intercourse, STDs   and sex education to people has been a driving factor for global condom market. However varying needs of the people urge to thinner condoms for better transfer of heat during sexual intercourse has led to development of invisible and graphene condoms which arein lab test stage but will create a new pathway for the condom market when launched. 

The Global Condom Market Trends

New Product Launches to Flourish the Market

• The launch of new products with new features, capabilities andexotic fun have been launched by leading market players. They have taken necessary steps to increase the reliability and overall pleasure as well. Durex has launched and series of Air condoms which are ultra-thin and gives greater sensitivity and intimacy while providing high level of protection. This series is designed to give more natural instinct during use. Moreover, these condoms reduce the friction, increases lubrication and avoids stickiness for ultimate comfort.
• Other products like Origami condoms re-invented by Bill and Melinda Gates foundation uses silicone as raw material and function in reciprocating motion that allows to move inside the soft silicon lubricated condom easily. In addition, Hydrogel, The Galactic Cap and FC2(The female Condom) are the new innovations by the market leaders.

Surge in Usage due to Government Initiatives and Campaigns

• Manufacturers are focusing to produce varied range of products as there has been campaigns run by government agencies which in turnprovides free and wide advertisement and boosts up the sales of these companies. In addition,government isprovidingcondoms at reasonable rates and educating people about its uses which creates an awareness and increases the users.

Key Benefits of the Report

• This study presents the analytical depiction of the global condom industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global condom market share.
• The current market is quantitatively analyzed to highlight the global condom market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed global condom market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions Answered in the Condom Market Research Report

• Which are the leading players active in the condom market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities of the market?
• What future projections would help in taking further strategic steps?

 Condom Market: Global Opportunity Analysis and Industry Forecast, 2021–2030 Report Highlights