The Asia Pacific Condom Market would witness market growth of 10.3% CAGR during the forecast period (2021-2027). The government is constantly undertaking several initiatives toward sex education programs in order to improve awareness about sexually transmitted diseases (STDs) and decrease their occurrences. For example, according to the UNAIDS Global HIV & AIDS statistics 2020 fact sheet, around 38 million of the global population was suffering from HIV infection in 2019. Thus, the product demand is expected to be boosted by the fact that governments aim to introduce the concept of relationships and sex education at an early stage at the school level.
Other initiatives are collaborative programs like ‘The 100% condom use programme’ in Asia, various campaigns like ‘Protect against STIs – Public Health England’ and initiatives like ‘Sexual and Reproductive Health Awareness Week’, and ‘World Contraceptive Day’ among others. Respective ruling bodies, as well as NGOs working for people having STDs, are putting efforts that focus on creating awareness about sexually transmitted infections (STIs), and the use of contraceptives, hence providing momentum to the adoption & demand of the product.
Japan is the promising country for the condom market with anticipated double-digit growth. Local startups are joining the market competition in order to acquire the large consumer base and the market share. In June 2017, a Gansu-based manufacturer introduced a condom developed from waterborne polyurethane. About the product, the company claimed that it has the thinnest sheath. It was aimed at increasing the market share of Sagami and Okamoto.
The China market dominated the Asia Pacific Female Condoms Market by Country in 2020, thereby, achieving a market value of $212.9 million by 2027. The Japan market is exhibiting a CAGR of 12% during (2021 - 2027). Additionally, The India market is poised to grow at a CAGR of 12.2% during (2021 - 2027).
Based on Material Type, the market is segmented into Latex and Non-Latex. Based on Distribution Channel, the market is segmented into Drug Stores, Mass Merchandizers and E-commerce. Based on Product, the market is segmented into Male Condoms and Female Condoms. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Condom Market is Projected to reach USD 17.1 Billion by 2027, at a CAGR of 9.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Karex Berhad, Reckitt Benckiser Group PLC, Church and Dwight Co., Inc., LELO AB, Lifestyles Healthcare Pte. Ltd., Veru, Inc., Mayer Laboratories, Inc., Okamoto Industries, Inc., Cupid Limited, and Fujilatex Co., Ltd.
By Material Type
By Distribution Channel
By Product
By Country
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