Europe Condom Market is projected to be worth USD XX billion by 2033 and is anticipated to surge at a CAGR of 9.32%.
Condoms are flimsy barriers that are intended to prevent HIV and other infections that could cause AIDS during sexual activity. They are usually made of rubber or polyurethane (plastic). Moreover, it stops sperm motility, which helps prevent unplanned pregnancy. Everyone may share responsibility for safer sexual encounters and contraception by using a condom. There are many different kinds of condoms available on the market, catering to different preferences and uses for men and women.
Europe Condom Market Driving Factors and Challenges
The increasing adoption of sex education as a required component of the curriculum is driving the condom industry throughout Europe. These days, sex education is widely used in numerous countries in a number of ways. This program will teach participants about human sexual anatomy, contraception, reproductive health, safe sex practices, and a variety of other sex-related topics. Most sex education is given to adolescents. However, adult sex education is easily accessible. Therefore, the condom industry in Europe is driven by the spread of the concept of safe sex through these educational campaigns.
Furthermore, other birth control options, such oral tablets, may have unfavorable effects and hormonal imbalances that put women's health at risk. Similar to this, as more women insist that their spouses take effective birth control, the market has grown as a result of their increased level of education. Therefore, compared to other approaches, its adoption is probably going to expand due to its convenient usage.
There are many obstacles that affect the dynamics and expansion of the European condom market exist. A notable obstacle is the growing rivalry from non-hormonal contraceptives and intrauterine devices, which provide efficacy and convenience without the disruptions that come with using condoms. There may also be less of a market for condoms as a result of cultural changes and evolving perspectives on family planning and sexual health. There are other economic factors that can affect consumer expenditure on non-essential commodities like condoms, such as changes in disposable income and purchasing power. Moreover, problems with safe sex education and public health initiatives may have an effect on usage rates and awareness.
Impact of COVID-19 on Europe Condom Market
The adoption of e-commerce and the expansion of the middle class throughout the world are two trends that are already changing the industry, and the coronavirus outbreak is likely to accelerate them. Online shops are seeing an increase in interest as home buyers search for retail options. Some businesses and brands focused on gender wellness claim that e-commerce sales have doubled from pre-COVID-19 levels and are prepared to expand their inventory and delivery services. For the condom industry, this is fantastic news.
Europe Condom Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Church and Dwight Co., Inc., Cupid Limited, Fujilatex Co., Ltd., Karex Berhad, LELO AB, Lifestyles Healthcare Pte. Ltd., Mayer Laboratories, Inc., Okamoto Industries, Inc., Reckitt Benckiser Group PLC, Veru, Inc.
Europe Condom Market Segmentation:
By Material Type: Based on the Material Type, Europe Condom Market is segmented as; Latex, Non-Latex.
By Distribution Channels: Based on the Distribution Channels, Europe Condom Market is segmented as; Drug Stores, Mass Merchandizers and E-commerce.
By Product: Based on the Product, Europe Condom Market is segmented as; Male Condoms, Female Condoms.
By Region: This research also includes data for Eastern Region, Western Region, Southern Region, and Northern Region.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.