Need for Birth Control Amidst Steadily Increasing World Population Drives the Global Condoms Market, According to New Report by Global Industry Analysts, Inc.

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Condoms: A Global Strategic Business Report

San Jose, California (PRWEB) May 13, 2014

Follow us on LinkedIn – Condoms are rapidly becoming a way of life for today’s sexually active population. Increasing awareness about and usage of contraception and the pressing need for family planning against the backdrop of steady growth in world population constitute major growth drivers in the global market. The world is gradually trending towards improved family planning and condom manufacturers are expected to benefit from this trend as condoms represents the safest and the easiest means for birth control. Growing concern with regard to sexually transmitted diseases and infections (STDs & STIs), particularly HIV/AIDs, ranks as another important growth driver supported by the 99.9% efficiency rate of condoms in preventing HIV.

Increasing focus on advertising and marketing strategies for women and the younger generation represents two of the most important trends in the global condoms market. An important factor poised to drive future growth is the massive untapped market potential as mirrored in the current low per capita global consumption of 3.3 condoms per year. Future growth will also be supported by Asian and African countries where currently contraceptive prevalence rate is way below the rates reported in developed countries. Material innovations poised to benefit market prospects in the near term include replacement of latex with polymers, nanomaterials and anisotropic material.

Major technology advancements which have been fuelling growth include the use of latex (in place of linen or lamb's intestine), introduction of a reservoir tip, and addition of anti-ejaculation chemicals, stimulating textures, colors, and flavors. Presently, social organizations are infusing enormous amounts of money into condom research. Key product advancements expected to drive condom adoption in the coming years include ultrathin, custom-fit, biodegradable, superelastomers-based and Graphene condoms. Condoms in fluorescent colors (glow-in-the-dark types) and studded condoms represent other high value products.

As stated by the new market research report on Condoms, Asia-Pacific represents the largest and the fastest growing market worldwide with a CAGR of 7.9% over the analysis period. Huge population, growing governmental support, increased public awareness with regard to the various benefits of using condoms represents key growth drivers in the region. The low per capita consumption of condoms in the region offers huge untapped potential for growth. The region is home to several under-developed countries where a high degree of ignorance with regard to condoms and their benefits persists. In such countries, aggressive social marketing is currently being pursued, which represents a major factor fuelling growth. China represents the single largest market for condoms worldwide in terms of both volume and value sales.

Major players covered in the report include Ansell Limited, Condomi Health International GmbH, Church & Dwight Co. Inc., Fuji Latex Co., HLL Lifecare Limited, Karex Industries Sdn Bhd, Okamoto Industries, Reckitt Benckiser Group Plc, The Female Health Co., Line One Laboratories, Inc., M.P.I Pharmaceutical GmbH, Thai Nippon Rubber Industry Co., Ltd., Guilin Latex Factory, Unidus Corp., Guangzhou Guangxiang Enterprises Group Co., Ltd., and Pleasure Latex Products S/B, among others.

The research report titled “Condoms: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of major companies. The report provides market estimates and projections in dollars and units for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America), and Rest of World. Product segments analyzed in the report include Male Condoms and Female Condoms.

For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Condoms_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

Global Industry Analysts, Inc.
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