Much has been said about the phrase “all men” and the “whole world” in the Bible. The Lexical Greek definitions for “All” are:
We see this usage of “All kinds of” in Revelation where it says Christ purchased people for God.
Notice here that Jesus is said to have purchased people from EVERY PEOPLE. All people here clearly means all people groups or races. Not every single individual. This is a theme in the Bible that God is not only the God of the Jews but the Gentiles as well. He purchased people from every race, tribe, and nationality - the whole world. This doesn’t mean every single individual. God has a remnant chosen by grace in this lifetime. The reprobate along with the whole physical creation and fallen angels are made new in the purifying fires. The first will be last and the last will be first but we will all make it.
We also see this usage of “all” as in “all kinds of” in Romans 5.
While it is true that all individuals have sinned, the context here is more limited to the definition of 'all kinds of". This would fit well with the word “many” in the passage. Sin not only extends to the Jews but the Gentiles as well. In no way does the passage teach that Christ died for every single individual. The Bible tells us that He died for His sheep. Nowhere does it say He died for the goats.
He died for His sheep and secured their salvation and sanctification with His blood. This begins the reconciliation that will later have a greater cosmic impact as all things are reconciled to Himself. As the passage in Col. says, it includes all things - visible and invisible. This would include the reprobate (second fruits), fallen angels, and all of the physical creation in the fires of purification. Faith and hope are for this age not the next. When we all see Christ face to face the faith and hope of the elect will be fulfilled and pass away.
The objects of faith and hope will be fulfilled and perfectly realized in heaven, but love will last forever. In heaven there will be nothing but perfect expression of love towards God and each other. As the Catholic Study Bible has stated in it’s commentary on 1 Corinthians 13:13-