Global Condom Market Size, Share, Development, Growth and Demand Forecast to 2025
North America accounts for a major share in the condom market. The U.S., Canada, and Mexico are major economies in manufacturing condom. According to study conducted by Centre for Disease Control and Prevention (CDC) between the year 2012 to 2014, the most popular form of contraception in the U.S. is condom, with its use recorded to be higher among the age group of 15 years -19 year, than 33 years – 44 years age group. Despite the increased use of condoms, the STIs rate is rapidly increasing. Over 4.5 hundred million condoms are sold annually in the U.S. Governments and high schools are playing an important role in educating students and creating awareness about STIs and contraception.
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The U.S Agency for International Development (USAID), has centrally financed female and male condoms as per the U.S. President’s Emergency Plan for AIDS Relief (PEPFAR). This enables several economies to make condoms available to vulnerable and poor individuals for highly subsidized prices. Over 770 million female and male condoms are provided to 37 economies in USAID’s Asia, Latin America, and Africa.
In February 2017, Reckitt Benckiser acquire Mead Johnson Nutrition manufacturers Enfa food. Reckitt Benckiser is a leading brand for Durex condom, Dettol, Lysol cleaner, and Mucinex cough remedy, while Mead Johnson is the world’s third largest baby food company. By acquisition with Mead Johnson, Reckitt Benckiser raises its standing among many multinationals such as Nestle, Unilever, and Procter & Gamble, by adding Enfant food to its large portfolio in household products.
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Key Market Players in the Global Condom Market:
Some of the major key market players operating the global condom market include Ansell Ltd (Richmond, Australia), Reckitt Benckiser Group Plc (England), Sagami Rubber Industries, Reckitt Benckiser Group, Karex Industries Sdn. Bhd (Johor, Malaysia), Graphic Armor LLC, Thai Nippon rubber Industru Co. Ltd (Sathon, Bangkok), Church & Dwight, Okamoto Industries, HLL Lifecare, and Guilin Latex.
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