The world’s largest condom retailer, Unilever, has announced a $1 billion fund aimed at helping low-income people in developing countries to purchase condoms and to improve their health.
The firm has announced the fund will be used to provide free condoms, as well as other products such as sanitary napkins and sanitary pads, to those in need.
“The funds are part of our efforts to address the HIV/AIDS pandemic in the world’s poorest countries,” said Unilevers Chief Executive and co-founder, Tim O’Brien.
While the announcement may be controversial, there’s no question that the condom industry is one of the fastest growing sectors in the country.
According to UN figures, the world population will hit 6 billion by 2030.
In 2016, more than 20 million people died from HIV/AIDs, according to the World Health Organization.
But the global market for condoms is growing faster than ever, according to a 2016 report from the Guttmacher Institute.
For example, the number of condoms sold worldwide in 2017 was more than triple the number sold in 2010, and increased by more than 40 percent from 2013 to 2017.
This is despite the fact that condoms are not one of those commonly used forms of contraception.
They’re not even a condom at all.
Condoms are made of polyurethane or latex, a material that is typically a flexible polymer that has an elasticity that makes them less likely to break, and can be reused or discarded.
Unlike other types of contraception, they don’t contain a hormone that can trigger the release of a hormone called gonadotropin-releasing hormone (GnRH), which is responsible for the release and function of the female reproductive system.
GnRH, which is released in response to a man ejaculating on the female, is also produced in the ovaries of men.
Studies have shown that condoms reduce the risk of contracting HIV by up to 80 percent.
However, the GUTS report noted that the efficacy of condoms against HIV in developing nations, particularly in countries with low HIV prevalence rates, is often low or not very effective.
It’s a concern that there’s not enough of them in the market, given that there are many countries where condom use is a taboo, and the market is expected to expand to over 10 billion condoms by 2020.
Some countries, including countries such as China, India, Brazil and Colombia, are considering or are in the process of legalizing condom use.
A recent UN report found that a majority of HIV-positive people in Africa do not use condoms, with just 8 percent of African men and 4 percent of men in India using condoms.
That’s an even starker picture in Latin America, where condom availability has been limited due to the stigma attached to the use of the product, the report noted.
At least 14 countries, with a combined population of around 10.8 billion, currently have no condom availability, according the report.
So far, the Global Coalition Against HIV/ AIDS (GACHA) has worked with a coalition of governments, non-governmental organizations, and non-profit groups to encourage condom availability in the region.
Currently, the coalition has partnered with the United Nations Foundation and the World Bank, to help fund research on condom availability and promotion.
And in February, GACHA announced a partnership with UNICEF, UN Population Fund, and other partners to launch a campaign to educate and empower people in rural areas about the health benefits of condoms.