Condom Market Analysis Highlights the Impact of COVID-19 (2020-2024) | Rising Demand for Female Condoms to Boost the Market Growth

The condom market and it is poised to grow by USD 3.44 billion during 2020-2024, progressing at a CAGR of over 8% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions-                                                                          

·         Based on segmentation by material, which is the leading segment in the market?

·         The latex condoms are expected to be the leading segment in the global market during the forecast period.

·         At what rate is the market projected to grow?

·         Growing at a CAGR of over 8%, the incremental growth of the market is anticipated to be USD 3.44 billion.

·         Who are the top players in the market?

·         Church & Dwight Co. Inc., Cupid Ltd., Fuji Latex Co. Ltd., Guilin HBM Health protections Inc., Karex Bhd, LELOi AB, LifeStyles Healthcare Pte. Ltd., Okamoto Industries Inc., Reckitt Benckiser Group Plc, and Veru Inc. are some of the major market participants.

·         What is the key market driver?

·         Rising demand for female condoms is one of the major factors driving the market.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Church & Dwight Co. Inc., Cupid Ltd., Fuji Latex Co. Ltd., Guilin HBM Health protections Inc., Karex Bhd, LELOi AB, LifeStyles Healthcare Pte. Ltd., Okamoto Industries Inc., Reckitt Benckiser Group Plc, and Veru Inc. are some of the major market participants. The rising demand for female condoms will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Condom Market 2020-2024: Segmentation

Condom Market is segmented as below:

·         Material

o    Latex

o    Non-latex

·         Distribution Channel

o    Offline

o    Online

·         Gender

o    Male

o    Female

·         Geographic Landscape

o    APAC

o    Europe

o    MEA

o    North America

o    South America

 


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