Condoms play a pivotal role in contraception and preventing sexually transmitted diseases for safer sex and family planning. Dating back years, condoms have a long history, even before latex was not produced. Condoms are preferred due to their affordable price, easy to carry and use, and high reliability. Furthermore, male and female condoms are the only devices to protect against unplanned pregnancy and the transmission of STIs, including HIV and many more diseases. In earlier years, Male condom has dominated the market and will lead the market over the forecast time frame, but female condom has also gained momentum with time. Here in this report, we have only covered Male condom users and its market in Asia-Pacific regions. According to Renub Research, Asia-Pacific Condom Industry will grow with a CAGR of 3.74% from 2021 to 2030.
Asia-Pacific Condom Market will be US$ 6.4 Billion by 2030.
In the Asia-Pacific countries, most of the countries are not economically strong, and the efforts made by its government have been phenomenal in recent years. Countries like China, Japan and India are more developed among the rest of the Asia Pacific countries. Apart from that, awareness of contraception and prevention against HIV and condoms in these regions are strong. The numbers of condom pieces sold in these regions are exceptionally well and as our analysts suggest, it will surge over the period.
Asia-Pacific Condom Market Size was valued US$ 4.6 Billion in the year 2021
By Region, in this report study, we have analyzed the countries and distinguished the Asia-Pacific condom market into Central Asia, Eastern Asia, Southern Asia, South-Eastern Asia and Western Asia. Among East Asian region like China and the Democratic People’s Republic of Korea market have shown pretty much impressive growth. Likewise, Southern Asian countries say India, Pakistan, Bangladesh, and the Afghanistan market for condom has shown growth inclination during the forecast period. The number of condom pieces sold in these regions has surged over time and will grow as per our analysts suggest.
Latex Material Condoms controls the Lion’s Market Share
Condoms made of latex material controls the lion’s market share in Asia Pacific region. Primary reason for this is latex material condoms are cheaper in price. But our analyst suggests that non-latex condoms will gain their market share in future. The factors driving the Asia- Pacific’s condom market are growing awareness about its benefits and its vast population base in the region. Apart from that sex education and protection against STDs, the introduction of innovative condom designs, coupled with innovative packaging style, promotional activities and increased marketing, are some of the other major factors boosting the market growth further.
COVID-19 Impact on Condom Industry of Asia Pacific
During the COVID-19 pandemic, many key players’ condom sales were down due to lockdowns and social distancing norms. As such as per the BBC news report, the sale of Reckitt saw a sharp drop for condoms as people not only in Asian Pacific regions but whole world had less sex. In India also the condom sales dipped due to increased inaccessibility during the three-month lockdown in 2020. However, once the lockdown was over and vaccination procedure has been implemented effectively worldwide, we have seen a surge in sales of condoms and sex related products.
Renub Research new report “Asia-Pacific’s Condom Market by Materials (Latex & Non- Latex), Distribution Channels (Drugs Stores, Mass Merchandisers, E-commerce & Others), Regions {(Central Asia- Kyrgyzstan, Tajikistan, Turkmenistan, Uzbekistan), Region (Central Asia [Kyrgyzstan, Tajikistan, Turkmenistan, Uzbekistan], Eastern Asia [China, Democratic People's Republic of Korea], Southern Asia [Afghanistan, Bangladesh, India, Nepal, Pakistan], South-Eastern Asia [Cambodia, Indonesia, Lao People's Democratic Republic, Myanmar, Philippines, Vietnam], Western Asia [Azerbaijan, Iraq, Yemen]), Key Players (Church & Dwight Co. Inc., Reckitt Benckiser Group PLC., Ansell Ltd, HLL Life care Ltd)" provides complete insight on Asia-Pacific Condom Industry.
Request a Free Sample Copy of the Report: https://www.renub.com/request-sample-page.php?gturl=asia-pacific-condom-market-p.php
Asia-Pacific Condom Analysis
1. Market
2. Users
Material Types - Market breakup from 2 viewpoints
1. Latex
2. Non-Latex
Distribution Channel - Market breakup from 4 viewpoints
1. Drug Stores
2. Mass Merchandisers
3. E-Commerce
4. Others
Region - Market & Volume breakup 5 Regions with 20 countries
1. Central Asia
a. Kyrgyzstan
b. Tajikistan
c. Turkmenistan
d. Uzbekistan
2. Eastern Asia
a. China
b. Democratic People's Republic of Korea
3. Southern Asia
a. Afghanistan
b. Bangladesh
c. India
d. Nepal
e. Pakistan
4. South-Eastern Asia
a. Cambodia
b. Indonesia
c. Lao People's Democratic Republic
d. Myanmar
e. Philippines
f. Vietnam
5. Western Asia
a. Azerbaijan
b. Iraq
c. Yemen
All the Key players have been covered from 3 viewpoints
• Overviews
• Recent Developments
• Revenues
Key Players
1. Church & Dwight Co. Inc.
2. Reckitt Benckiser Group PLC.
3. Ansell Ltd
4. HLL Life care Ltd
About the Company:
Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today's ultra- competitive markets.
Contact Us:
Renub Research
Phone No: +1 678-302-0700 (USA) | +91–120–421–9822 (IND)
Email: info@renub.com
Follow on Linkedin: https://www.linkedin.com/company/renub-research
Commentaires