Condom Market Estimated at USD 7.11 Bn In 2021, Likely To Surge At 9.5% CAGR During 2022 - 2032

The Global Condom Market was valued at US$ 7.11 Bn in 2021 and is projected to increase significantly at a CAGR of 9.5% from 2022 to 2032.
NEW YORK - Jan. 10, 2023 - PRLog -- The growth in condom market revenue is driven by several factors, including the increasing incidence of sexually transmitted diseases (STDs), increasing government initiatives to curb population explosion, new products that enhance sexual pleasure, increasing awareness to prevent unwanted and unplanned sex, family planning in developing nations, and an increase in casual sex. A condom is a protective sheath worn during sexual activity to lower the chance of STDs and pregnancy. There are both male and female condoms on the market. Condoms can be used correctly by women whose partners use condoms. Under normal circumstances, the pregnancy rate is 20% annually. Condoms reduce the risk of contracting trichomoniasis and, chlamydia and, HIV/AIDS, hepatitis B. They also protect against Human Papillomavirus, genital herpes, and syphilis.


DRIVING FACTORS Increased Awareness of Birth Control Needs to Expand Market Size

Proper and consistent use of the product can lead to effective contraception. This is the main driving factor behind the condom industry's growth. According to the UN report, Contraceptive Use by Method 2019, the global prevalence of male contraceptive devices has increased from 4.8% in 1994 to 11.0% in 2020. According to the same report, the number of women (those between the ages of 15 and 49) who rely on male-based contraceptives has increased significantly from 65 million in 1995 to 191 million in 2020.

Oral pills and other birth control methods can have adverse side effects and hormonal imbalances that pose serious health risks for women. Market growth has also been supported by women's increasing education levels, who demand that their sex partners use effective birth control products. It is more popular to use than other methods because it is convenient.
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Key Market Players included in the report:
  • Durex
  • Okamoto
  • Trojan
  • Ansell
  • Sagami
  • Gulin Latex
  • NOX

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