Condom Market: Global Industry Analysis and Forecast (2022-2029)

Condom Market size was valued at US$ 9.97Bn. in 2021 and the total revenue is expected to grow at 8.43 % through 2021 to 2029, reaching nearly US$ 19.06 Bn.
Condom Market Overview:
A condom is a type of contraception used to prevent unintended pregnancies, STDs (Sexually Transmitted Diseases), and HIV transmission. Most companies sell latex condoms because of their durability and flexibility, and they come in a variety of sizes, shapes, flavours, colours, and textures. Latex condoms are the most usable condom variety because they can stretch 700% before breaking. People who are allergic to latex goods are more likely to use non-latex condoms. Condoms for males account for the majority of the market since they are inexpensive and readily available, but female condoms are also making inroads. Diverse market players have introduced unusual flavours, thin latex condoms, and different textures in the condom sector.


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Condom Market Dynamics:
During the forecast period, rising condom usage awareness, the availability of various condom varieties to suit consumer needs, and attempts to minimise the spread of HIV and other STIs are expected to enhance market growth. Furthermore, the industry is likely to be fueled by government groups' free condom distribution. Increased condom use among sex workers, young couples, and members of the LGBTQ community has dramatically reduced public health risks such as STDs, HIV/AIDS, and population expansion. Correct and continuous use reduces the chances of developing such problems.

To manage the prevalence of HIV and other STIs and avoid unplanned births, each country's government is launching campaigns to raise awareness and promote the use of contraceptives among the younger population. To meet the UNAIDS 2021 aim of 90 percent of people living with HIV knowing their HIV status, 90% of people living with HIV receiving sustained antiretroviral medication, and 90% of individuals receiving antiretroviral therapy having viral suppression, they must fulfil the following goals. Participant countries are actively encouraging the use of condoms and providing proper sex education to young people.

However, people's need for thinner condoms for greater heat transfer during sexual intercourse has led to the creation of invisible and graphene condoms, which are still in the lab testing stage but will open up a new market for condoms once released.
COVID-19 Impact on Global Condom Market:
According to a survey by the Condom Alliance, a manufacturers ’ association with legislators from Reckitt, HLL Lifecare Limited, Raymond Consumer Care, and TTK HealthCare Ltd, condom sales in the country dropped 48 percent during the three-month lockdown period in 2021, with an estimated full-year decline of 35 percent in sales for the previous fiscal.

Condom usage fell during the year of the lockdown, which was characterised by strong social distancing standards, limited socialising among people, and limits on consumer movement, with consumers finding it difficult to access businesses to obtain the contraception.

The condom market in India is still very modest, with sluggish sales reported in recent years. In 2021-2029, it was estimated to be worth $ 1,521 crore, with 2 billion pieces sold. The use of condoms in India is still exceedingly low, with only 5.6 percent of the population using them. The causes for this appallingly low usage are not difficult to discover. Despite having a large young population, India's adoption of condoms has been hampered by conservative attitudes toward sex and a lack of public dialogue about the use of sexual wellness goods. Furthermore, in the country, purchasing and using condoms is typically considered as an embarrassing and shameful behaviour. Furthermore, corporations are subjected to specific regulations in terms of product promotion and advertising.

While the condom market value has been steadily increasing since 2014, sales volumes have decreased in recent years. In terms of volume, the market increased by 11% year over year in 2021-2029, but declined by 1% in 2021-2029. The non-metro urban markets have accounted for the majority of condom market growth since last year.
Global Condom Market Segment Analysis:
The global Condom Market is segmented by Material Type, End-User Type and Distribution Channel.

Based on the Material Type, the global Condom market is sub-segmented into Latex and Non Latex. The Latex segment held the largest market share of 86% in 2021. Because of the large range of options and affordable costs. Durex, Gulin Latex, Trojan, and Karex are among the most well-known latex condom brands. Latex condoms are more durable and reliable, provide contraception, and protect against STDs. They come in a variety of forms, sizes, colours, flavours, and textures and are readily accessible under numerous brands.

However, the non latex segment is expected to grow at a highest CAGR of xx% in the global condom market during the forecast period. Non-latex condoms made of polyisoprene are getting prominence since they are favoured by people who are allergic to latex. These are more adaptable and desirable since they are odourless, have texture, and give a better sensation. Non-latex condoms come in a variety of shapes, sizes, and tastes.



Based on the End-User Type, the global Condom market is sub-segmented into Men and Women. The Men Condom segment held the largest market share of 95.2% in 2021. This can be due to a variety of variables, including manufacturers' emphasis on male condom production, openness to their use in comparison to female condoms, and a wide range.

However, the female condom segment is expected to grow at a highest CAGR of xx% in the global condom market during the forecast period. Female condoms are becoming more widely regarded as a means of preventing STIs and unintended pregnancies. Female condom use is higher in industrialised countries including the United States, the United Kingdom, Canada, Germany, and France. The FDA gave a female condom a genderless redesign and the generic label "single-use internal condom" in January 2021


Global Condom Market Regional Insights:
Asia Pacific dominates the Global Condom market during the forecast period 2021-2029. Asia Pacific held the largest market share of 50.1% in 2021 and it is expected to grow at a highest CAGR of xx% in the global condom market during the forecast period. Because of the ever-increasing population and rising levels of education in emerging countries. Growing public understanding of birth control options could have a significant impact on the industry in Asia Pacific. Implementing childbearing laws to manage the population will effectively boost the market's growth in the region. The rising incidence of unplanned pregnancies will increase demand for condoms, boosting the market's growth.

North America held the 2nd largest market share of xx% in 2021. Due to the rising prevalence of HIV and the demand for female condoms in the United States, According to the CDC, roughly 1.2 million people in the United States will be infected with HIV by 2021, thus the government has launched a number of measures to combat the disease. Furthermore, the presence of large market players in this region, combined with an increase in product releases, is expected to have an impact on regional growth.

The objective of the report is to present a comprehensive analysis of the global Condom Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also helps in understanding the global Condom Market dynamic, structure by analyzing the market segments and project the global Condom Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Condom Market make the report investor’s guide.
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Global Condom Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2029


Historical Data:
2017 to 2021
Market Size in 2021:
US $ 9.97Bn.


Forecast Period 2022 to 2029 CAGR:
8.43%
Market Size in 2029:
US $ 19.06Bn.


 Segments Covered:
by Material Type
• Latex
• Non Latex


by End-User Type
• Men
• Women


by Distribution Channel
• Mass Merchandisers
• Drug Stores
• E-commerce



Global Condom Market, by Region
• North America
• Europe
• Asia Pacific
• South America
• Middle East and Africa
Global Condom Market Key Players
• Ansell Ltd.
• Reckitt Benckiser Group Plc.
• Karex Industries Sdn. Bhd.
• Church & Dwight Co. Inc.
• HLL Life Care Ltd.
• Fuji Latex Co. Ltd.
• Graphic Armor LLC.
• Sagami Rubber Industries.
• Mankind Pharma.
• B Holding Group, LLC.
• Caution wear.
• Cupid Ltd.
• Okamoto
• TTK Group
• Sagami Rubber Industries
• Reckitt Benckiser Group
• Ansell Healthcare LLC
• Graphic Armor, LLC.
• Humanwell Group
• Veru, Inc.
Frequently Asked Questions:
1] What segments are covered in Condom Market report?
Ans. The segments covered in Condom Market report are based on Material Type, End-User Type and Distribution Channel.

2] Which region is expected to hold the highest share in the global Condom Market?
Ans. Asia Pacific are expected to hold the highest share in the global Condom Market.

3] What is the market size of global Condom Market by 2029?
Ans. The market size of global Condom Market by 2029 is US $ 19.06 Bn.

4] Who are the top key players in the globa l Condom Market?
Ans. Barry Ansell Ltd., Reckitt Benckiser Group Plc., Karex Industries Sdn. Bhd., Church & Dwight Co. Inc., HLL Life Care Ltd., and Fuji Latex Co. Ltd. are the top key players in the global Condom Market.

5] What was the market size of global Condom Market in 2021?
Ans. The market size of global Condom Market in 2021 was US $ 9.97 Bn.