Child Resistant Packaging Market: Growth Factors and Current Trends

Posted by Kishor on March 29th, 2019

Transparency Market Research delivers key insights on the child resistant packaging market in its published report, titled “Global Child Resistant Packaging Market: Industry Analysis and Opportunity Assessment, 2018–2026”. In terms of revenue, the global child resistant packaging market is estimated to expand at a CAGR of 6.1% during the forecast period, owing to numerous factors, about which TMR offers thorough insights and forecasts in this report.

Child resistant packaging is a special packaging which is used to avoid child interventions by ingesting hazardous or poisonous products. Child resistant packaging is required by regulations for prescription drugs, OTC medications, nicotine-containing e-cigarettes, chemicals, home care products, and several cosmetics. The child resistant packaging is designed such as it cannot be opened easily by children and requires a special trick to be opened. The child resistant packaging is available in the reclosable and non-reclosable format. In reclosable packaging, caps & closure, pouches, and joint container tubes and cartons are categorized, while blister and clamshells are segmented in non-reclosable packaging.

The global market for child resistant packaging is segmented by product type, material type, and end-user industry.

In the global child resistant packaging market, the pharmaceuticals industry is estimated to dominate the global market share throughout the forecast period. Due to stringent regulations for the safety of child health, the pharmaceutical industry is expected to witness a rise in market share in the upcoming years. North America, Europe, and the Asia Pacific are the critical market regions for child resistant packaging products, owing to regulations and standards to sell OTC (over the counter) medications and prescription drugs in child resistant packaging,

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This report assesses trends driving the growth of each segment of child resistant packaging market on the global level and offers potential takeaways that prove substantially useful for other potential market entrants in the child resistant packaging market. The North American child resistant packaging market includes country level analysis for the U.S. and Canada. The U.S. child resistant packaging market is expected to expand at a CAGR of 7.3% during the forecast period. For North American child resistant packaging market, the cannabis industry is estimated to show a high CAGR among the all end-user industries during the forecast period. Cannabis packaging and labeling requirements in North America are acting as a driver for increasing use of child resistant packaging for cannabis. The Latin American child resistant packaging market includes country-level analysis for Brazil, Mexico, and rest of Latin America.

The Mexican child resistant packaging market is anticipated to expand at the highest pace during the forecast period in the Latin America region. The European child resistant packaging market includes country-level analysis for Germany, Italy, U.K., France, Spain, Benelux, Nordic, Russia, Poland, and Rest of Europe. In the European child resistant packaging market, the UK is projected to show fast-paced growth during the forecast period. The Asia Pacific (APAC) child resistant packaging market includes country-level analysis for China, India, ASEAN, Japan, Australia, New Zealand, and Rest of APAC. In the Asia Pacific child resistant packaging market, China and India, cumulatively, are estimated to account for more than half the market share of 2018. The Middle Eastern and African (MEA) child resistant packaging market includes country-level analysis for GCC, South Africa, North Africa, and Rest of MEA. GCC countries account for the highest market share in the Middle Eastern & African child resistant packaging market.

In this report, we have discussed the individual strategies followed by the manufacturers of child resistant packaging in terms of enhancing their product portfolio, creating new marketing techniques, and their mergers and acquisitions. The ‘Competitive Landscape’ is included to provide child resistant packaging report audiences with a dashboard view and company share collectively.

The key players operating in the global child resistant packaging market are Constantia Flexibles Group GmbH, Amcor Limited, Bemis Company, Inc., Berry Global, Gerresheimer AG, KushCo Holdings Inc., WestRock Company, Bilcare Limited, Global Closure Systems, and Winpak Ltd.