Pune, India, Jan. 04, 2021 (GLOBE NEWSWIRE) — The global condom market size is expected to reach USD 9.90 billion by 2027, exhibiting a CAGR of 9.3% during the forecast period. The growing awareness regarding STDs such as, hepatitis B, Syphilis, trichomoniasis, and chlamydia can fuel demand for condoms, which, in turn, will aid the expansion of the market, states Fortune Business Insights, in a report, titled “Condom Market Size, Share & COVID-19 Impact Analysis, By Type (Male and Female), Material (Latex and Non-latex), Distribution Channel (Mass Merchandisers, Drug Stores, Online, and Others), and Regional Forecast, 2020-2027.” The market size stood at USD 4.48 billion in 2019.
The coronavirus incident has caused colossal loss to several industries across the globe. The governments of several countries have instigated lockdown to thwart the spread of this deadly virus. Such plans have caused disturbances in the production and supply chain. But, with time and resolution, we will be able to combat this stern time and get back to normality. Our well-revised reports will help companies to receive in-depth information about the present scenario of every market so that you can adopt the necessary strategies accordingly.
The report on the condom market features:
- Far-reaching analysis of the market
- Essential facts about prominent players
- Dominant regions in the market
- Key drivers and trends
- Significant development
- Market challenges and restraints
- Coronavirus effect
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Key Market Driver:
Increasing Consciousness about Birth Control to Effectively Uplift Market
The growing knowledge about the use of condoms as a contraceptive can have an excellent impact on the market growth during the forecast period. As per the report, Contraceptive Use by Method 2019 of the United Nations, the prevalence of male contraceptive product has escalated from 4.5% in 1994 to 10.0% in 2019 globally. As per the same report, the number of women (those with reproductive age of 15 to 49 years) relying on male condoms as a means of contraception has substantially increased from 64 million in 1994 to 189 million in 2019. …
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