Selbyville, Delaware, Sept. 30, 2019 (GLOBE NEWSWIRE) --
Natural condom market is anticipated to witness more than 7% growth over the forecast period. People sensitive towards foreign materials often prefer natural material as they are made from lamb cecum. The effective usage of these protection sheath contraceptives prevents pregnancy. Moreover, natural male and female condoms have benefits over synthetic variant such as it does not break unlike plastic material. Aforementioned factors of natural contraceptives will favor its demand in the forthcoming future.
Retail segment accounted for around USD 1.5 billion revenue in 2018 and is anticipated to witness significant growth in the near future. The increasing government initiatives had ensured easy access to condoms. As a result, it is easily available in specialty and drug stores, supermarkets and hypermarkets. Aforementioned factors will escalate consumer’s buying preference from retail shops, thereby favoring condom market growth over the forecast period.
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Male condoms segment had more than 85% revenue share in 2018 and is anticipated to witness significant growth in the coming years. Male condoms act as a shield from acquiring sexually transmitted infections such as chlamydia, gonorrhea, and HIV. Moreover, it provides more protection from unwanted pregnancy as compared to female condoms. Additionally, it can be used easily and have no complications like female products. These benefits of male condoms will surge its demand thereby fueling condom market demand in the near future.
Institutional condom market is anticipated to witness around 8% CAGR over the analysis timeframe. The government is actively investing in several projects to make people aware of the availability and benefits of contraceptive methods. As a result, the government is expending on condoms and freely distributing in vulnerable areas to prevent incidence of sexually transmitted diseases and curb the global population. Thus, active projects and campaigns undertaken by several authorities in spreading awareness will prove beneficial for institutional segment growth over the forecast period.
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Asia Pacific condom market accounted for more than USD 1.6 billion in 2018 and it is expected to witness considerable growth over the forecast period. The rising awareness amongst adolescents in the region will augment demand for efficient contraceptives in the near future. Moreover, changing customer attitude will be a high impact rendering factor for regional growth. As a result, growing awareness coupled with changing customer attitude will positively stimulate regional growth over the analysis timeframe.
Some of the notable industry players operational in condom market are Church & Dwight, FUJILATEX, Reckitt Benckiser Group, Veru, Okamoto Industries, Mayer, Cupid Limited, Karex Berhad, and Mankind Pharma. These companies are implementing several strategies such as product launches, emphasis on R&D activities, geographical expansions, etc. to withstand competition and grab higher market share.
Browse key industry insights spread across 350 pages with 728 market data tables & 9 figures & charts from the report, “Condom Market By Type (Natural Condom [Latex, Lambskin], Synthetic Condoms [Polyurethane, Polyisoprene, Nitrile]), By Product (Male Condoms, Female Condoms), By Distribution Channel (Retail [Specialty stores, Drug Stores, Supermarkets and hypermarkets], Online platforms), By Sector (Institutional, Non-institutional), Regional Outlook, Application Potential, Competitive Market Share & Forecast 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/condom-market
Table of Contents (ToC) of the report:
Chapter 3. Condom Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2014 - 2025
3.3. Industry impact forces
3.3.1. Growth drivers
3.3.1.1. Increasing prevalence of STD and HIV
3.3.1.2. Rising awareness about safe-sex acts
3.3.1.3. Growing government support
3.3.1.4. Increasing demand for contraceptives
3.3.1.5. New product developments
3.3.2. Industry pitfalls and challenges
3.3.2.1. Social stigma in developing countries
3.3.2.2. Side effects from materials used in condoms
3.4. Growth potential analysis
3.4.1. By product
3.4.2. By type
3.4.3. By sector
3.4.4. By distribution channel
3.5. Regulatory landscape
3.6. Product innovations
3.7. Porter’s analysis
3.8. Competitive landscape, 2018
3.8.1. Company share analysis
3.8.2. Strategy dashboard
3.9. PESTEL analysis
Browse Complete Table of Contents (ToC) @
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