Global Condom Market Size Likely to Reach at a CAGR of 8.6% By 2033

As per the current market research conducted by the CMI Team, the global Condom Market is expected to record a CAGR of 8.6% from 2024 to 2033. In 2024, the market size is projected to reach a valuation of USD 12.8 Billion. By 2033, the valuation is anticipated to reach USD 26.01 Billion.

Condom Market: Overview

A condom is a barrier device consisting of latex, polyurethane, or lambskin that prevents pregnancy and protects against sexually transmitted infections. Male condoms are worn over the penis during sexual intercourse, whereas female condoms are put into the vagina.

The condom market is driven by several factors, such as growing sexually transmitted infections globally, especially in developed regions, increasing world population, rising government initiatives, technological advancements, rising collaboration among the key market players, and growing e-commerce sector. However, the social stigma and lack of awareness impeded the condom market during the projected period.

Condom Market: Growth Factors and Dynamics

Increasing product premiumization

The growing product premiumization in the condom sector drives the industry expansion. The condom industry is an essential sector in the healthcare sector that is mainly driven by online commerce. In addition, dating apps and social media helped to grow the business by making condoms and other associated products more easily accessible.

The company in the condom sector offers an innovative product by investing in R&D that satisfies consumer demand. However, hormonal abnormalities and the availability of oral tablets may impact condom demand. Policymakers and health organizations play critical roles in encouraging safe sex behaviors and ensuring that condoms are available and affordable to satisfy consumers’ different needs.

Innovative product launch

Increasing innovation is one of the crucial factors propelling the condom sector. In September 2024, Durex launched Durex Close Fit Invisible Condoms. This product is an ultra-thin condom that allows more closeness to couples. The Durex Close Fit epitomizes the significance of a close fit, offering unparalleled comfort and enabling couples to relish a fulfilling experience that enhances their emotional and physical bond.

Durex intends to address the obstacle that condoms limit pleasure and intimacy in India, where penetration is now at 9.5%. Durex Close Fit, the latest first-of-its-kind innovation, offers consumers the ideal mix of heightened pleasure and reliable protection.

Disposal and environmental concerns

Condom disposal and environmental effects are becoming more critical issues in the worldwide condom sector. Most condoms are made of non-biodegradable materials like latex or polyurethane, which adds to environmental problems.

Condom waste contributes to plastic pollution, particularly when paired with the materials used to package individual condoms. Condoms dumped into marine areas can affect aquatic ecosystems and species. Furthermore, the absence of environmentally suitable alternatives hinders industrial growth.

Report Scope

Condom Market: New Launches and Acquisitions

• In March 2022, Bleu, India’s leading 100% natural latex condom, launched the #ComeClean campaign.