The acceptance and awareness about using condoms are triggered a mammoth demand for various types of condoms across China. The China condom market offers products such as studded condoms, flavored condoms, edible condoms, glow-in-the-dark condoms, colored condoms, and warming condoms. Some of the key players offering these products in the China condom market are The Female Health Company Ltd., Reckitt Benckiser Group Plc., Ansell Ltd., Karex Industries Sdn Bhd, HLL Life Care Ltd., Fuji Latex Co. Ltd., Sagamia Rubber Industries, Church & Dwight Co. Inc., and Thai Nippon rubber Industry Co. Ltd. The market is high consolidated with the leading players accounting for a share of 70% in the overall market in 2015. Product innovation and impactful business and marketing strategies are expected to define the progress of these companies in the coming years.
Latex to Remain Popular Material for Making Condoms
The materials used for making these condoms are polyisoprene, polyurethane, latex, lamb intestine, and PU leather amongst others. Of all these materials, latex is expected to be the extensively used material. As of 2015, latex held a share of 50% in the overall market. On the other hand, PU is expected to be the minimally used material for manufacturing condoms in the coming years. Thus, PU leather will only account for 5% of the total China condom market the near future.
Warming Condoms Enjoy Continued Growth during Forecast Period
The two types of users in the China condom market are female and male users. These users are anticipated to opt for warming condoms, which will make position this product as the leading one in the near future. The warming condoms product segment is expected to remain dominant in terms of both revenue and volume. In terms of revenue, the warming product segment is anticipated to account 27% in the global market whereas in terms of volume it will hold a share of 31% in the China condom market.
Research suggested that the studded condoms segment held a share of 28% in the terms of volume and 25% in terms of revenue in 2015. However, warming condoms will continue to lead during the forecast period of 2016 and 2024 as the opportunity of the product segment will reach a US$0.50 bn by the end of 2024.
Browse the full China Condom Market report at: http://www.mrrse.com/china-condom-market
Government Initiatives to Educate Masses Encourage Uptake of Condoms across China
The China condom market is expected to be worth US$5.04 bn by 2024 from US$1.84 bn in 2015 as analysts predict that the market will expand at a CAGR of 12% during the forecast period of 2016 and 2024. The growing government initiatives to prevent the prevalence of sexually transmitted diseases such as HIV/AIDS or Chlamydia have prompted citizens to use condoms. The rising awareness hygiene amongst citizens of China has also encouraged the uptake of condoms in recent times. Changing lifestyle, initiatives to educate the masses about safer sex, improving economy, and growing acceptance of contraception are also likely to make a positive contribution toward rising revenue of the China condom market. Furthermore, growing investments in developing and commercializing female condoms has also opened a new avenue for the growth for the China condom market.