As the demand for condoms is rising in the world, the global condoms industry is expected to grow at a steady rate in the years to come. In fact, global condom sales have risen by 7 percent for the last several years. Such as in 2012 global condom market was 22.8 billion units.
Some important trends will contribute to the growing use of condoms. The first reason, the global population is growing, which means there will be more people to use condoms. At the same time, the prevalence of sexually transmitted diseases and increasing education in regards to safe sex will also encourage the use of condoms.
As emerging markets continue to develop, education and income levels continue to rise, which in turn increases the use of condoms. For instance, China is now one of the largest condom markets in the world, calculating for 9.6 billion units sold per year. The market is growing at 9.8 percent per year and Karex is one of the biggest condom manufacturers present in Chinese market.
According to the study, By 2018, the whole global condom market is accounted to reach approximately US$5.4 billion. The Asia Pacific areas is projected to be the fastest growing region for condom sales as per both volume and value.
To protect HIV and unintended pregnancy, please use condoms. Email: linda@oemcondoms.com
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