Condom Market Projected For Healthy Growth Rate During The Forecast Period

The condoms market in China features a high level of consolidation, with the top three companies accounting for over 70% share in the overall market in 2015, states Transparency Market Research (TMR) in a recent report. These three companies, Reckitt Benckiser Group plc, Ansell Ltd., and Church and Dwight Co., command a prominent position in the overall growth dynamics of the China condoms market, giving a tough competition to local manufacturers.

To strengthen their position in the market amid the intense level of competition, companies such as Reckitt Benckiser Group plc have resorted to the development of innovative products and newer ways of marketing to knock off the threat of counterfeit products and high advertisement and distribution costs. The company shifted to an all-digital and all social strategy post 2010, which helped the company to increase its share in the overall market from 30% in 2010 to 45.6% by 2015.

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Rising Awareness about Efficacy in Controlling Sexually Transmitted Diseases to Boost Adoption

Condoms have gained an increased level of acceptance in China after the government actively started endorsing condoms as an effective way of preventing sexually transmitted diseases such as HIV/AIDS and Chlamydia. Prior to 2002, condoms were endorsed by the government as a hygiene concept, leading to a marketplace with narrow growth opportunities. With rise in active initiatives by the government aimed at educating the masses about the importance of safe sex, the sales of condoms have substantially increased.

Apart from this factor, the improving quality of lifestyles, driven by a strengthening economy, and the rising know-how about safer ways of preventing contraception and sexually transmitted diseases have also worked substantially in favor of the country’s condom’s market. Sales of a variety of condoms have also increased in the country owing to factors such as the rising popularity of female condoms, rise in the country’s sexually active demographic, and increase in usage of homosexual condoms.