Condom maker Karex to capitalise on rising demand

PETALING JAYA: Karex Bhd is poised for a good year ahead, capitalising on the rising global demand for condoms that is expected to grow at a compounded annual growth rate (CAGR) of 8% to 9% over the next 10 years.

The global condom market is anticipating a strong growth trajectory in the coming years, evident by its projection to double up between US$19bil and US$23bil by 2032.