We all have heard of COVID 19 and its effects for quite some time. The most common of all is the loss in economy and development. In wake of lifting the lockdown, the government has started initiating measures for financial health. Many other countries have come to their citizens asking them to promote local goods. The lockdown and change in the situation have forced every country to look at their business plans.
Coronavirus pandemic has made the world realize that the financial health of a nation and individual is of the utmost importance. The territory sector was majorly affected by the pandemic. It is only recently that the world is recovering from the hit of the global pandemic.
But amidst such a situation many industries are taking steps to promote Indian products. Here in the article, we will discuss the Sex toy industry especially. Read through the article, to know more.
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Contemplation on sex toys industry
The first thing to know about the sex toys industry is that it’s not new. But the post-pandemic the industries on making sex toys have hit the news. As per some reports, the world has seen tremendous growth in the sale of sex toys. But there is always a question of how the conservation population will take it? However, this question is for another day.
Today let’s see how is the industry doing and where it stands. To put in simply the adult toys online sales were at its highest during the lockdown. The same goes for porn websites and movies. There is a prediction among business experts that the industry will grow to 8,000 crores by the end of the fiscal year.
This growth is the highest ever seen in the said industry. The earlier estimation of the growth was in two digits. So, Thanks to COVID-19 the sex toy industry in many countries is blooming. Yet, there is controversy about using and buying them.
Why are sex toy sales improving?
There are a lot of reasons for the improvement and growth of the industries. From a business point of view, the reason for the growth is more technical. But seeing the growth as a layman the main reason is a lockdown.
Forcing millions of people to stay indoors is a tough job. The mandatory staycation pushed people to boredom. The reduction in outdoor activities and jobs further worsens the situation. People were looking for creative ways to engage themselves.
Slowly individuals were bored with games and other activities. Sex is always the best way to rejuvenate. Also, that couples were staying away by social distancing norms. All the above-mentioned factors contribute to the rise in sex toy sales.
In simple words, the absence of outdoor activities and the boredom of people leaving alone led to an increase in sales of sex toys.
Top five sex toys companies
Here is a list of top five sex toys companies in 2020
1. Doc Johnson
It is a well-known company for sexual wellness. It has made unique products known today.
2. Fun Factory
The next company is a fun factory. It is a German company, which is the largest producer of silicone sex toys.
The third company is sexual wellness products is Ansell. It includes new products and concepts.
4. Church and Dwight
The last company on our list is Church and Dwight. It is famous for vibration products and lotions.
Lelo is intimate lifestyle company based in Sweden. Its creations are better in choice and range.
To sum it up, there is no doubt that the sale of sex toys was high in Pandemic and post pandemic. The reasons for this may vary from expert to expert. However, the fact that the industry is growing cannot be denied.