2014-04-11 09:53:02 - Global Condom Market 2014-2018 - a new market research report on companiesandmarkets.com
The Global Condom market is forecast to grow at a CAGR of 8.39 percent over the period 2013-2018. One of the key factors contributing to this market growth is the increasing demand for population control and family planning. The Global Condom market has also been witnessing the increasing demand for non-latex condoms. However, the lack of awareness about condoms could pose a challenge to the growth of this market.
Key vendors dominating this space are Ansell Ltd., Church & Dwight Co. Inc., Okamoto industries Inc., Reckitt Benckiser Group Plc., The Female Health Co.
Other vendors mentioned in the report are Condomi Health International GmbH, Fuji Latex Co., HLL Lifecare Limited, and Karex Industries Sdn Bhd.
The following companies represent the key
players in Global Condom Market: Ansell Ltd., Church & Dwight Co. Inc., Okamoto industries Inc., Reckitt Benckiser Group Plc., The Female Health Co.
Numerous consumers are allergic to latex condoms and generally avoid them. This is therefore creating high demand for non-latex condoms though they are costlier than the latex version. The increasing consumer base for non-latex condoms might also lead to condom manufacturing companies introducing an affordable range of non-latex condoms, which will propel the growth of the Global Condom market.
The increasing need for population control and family planning is one of the major drivers in the market. Condoms are the most effective and efficient method of family planning, and awareness of this fact among end-users and governments is propelling the growth of the global market.
Further, the lack of awareness about condoms is the major challenge hindering the growth of the market. Most of the populations residing in underdeveloped nations and in certain developing nations are not completely aware about the advantages and benefits of using a condom. Consequently, they hesitate to use this effective method of contraception or generally avoid using it, which acts as a major inhibitor of the growth of the Global Condom market.
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