Child Resistance Packaging Market Size, Share, Trends - forecast 2023

Posted by sagark on November 18th, 2019

Summary

Global Child Resistance Packaging Market Statistics, Size, Share, Growth, Trends, Future Plans, Analysis by Type (Reclosable Packaging, Non-reclosable Packaging, Special Blister Packaging), By End-Use (Personal Care, Chemicals, Pharmaceuticals) and By Region – Forecast to 2023

Child Resistance Packaging Market Insight

Child resistance packaging is gaining substantial prominence in the current time with the evolving packaging and transport market. Upon this, Market Research Future reveals that the global child resistance packaging market is on the rise with grabbing 4% CAGR during the forecast period from 2017 to 2023. The latest trend for child packaging has mainly come into action for a child younger 52 months. The purpose of child resistance packaging is to keep them away from harmful products exposure.

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Key Players

The well-known players of global child resistance packaging market are listed as

• Ecobliss B.V. (Netherlands)
• MJS Packaging Inc. (U.S.)
• WestRock Company (U.S.)
• Kaufman Container (U.S.)
• Sun Grown Packaging (U.S.)
• Amcor Limited (Australia)
• Bemis Company, Inc. (U.S.)
• MJS Packaging Inc. (U.S.)
• Berk Company, LLC (U.S.)
• Global Closure System (France), and to name a few.

Market Trends & Drivers

The global child resistance packaging market, of late, is perceiving an ascension in the revenue in support of its growing popularity in the urban areas. The major factors driving the growth of the market are the rising urbanization as well as raising awareness among the customers regarding the use of better packaging. It is the pharmaceutical industry, which is gaining the maximum market share for resistance packaging phenomena.

At the same time, the launch of some strict strategies concerning the packaging of toxic items and medicines, spray products, chemicals, & cleaning products, are also anticipated to drive child resistance packaging market during the forecast period. It has been observed that demand for bottled packaging and products related to it are the trending ones that are grabbing the maximum traction of in the child-resistant packaging market. The growing urbanization in developing regions, across the world, has also driven the market’s growth.

The escalating demand for child resistance packaging from the cosmetic industry for home cleaning products could be harmful to children. Such instances have also contributed to the market’s growth that would continue to gain similar traction throughout the growth period.

Market Segmentation

The segmental analysis of the global child-resistant packaging market has been done by the elements of type and end-use.

In terms of type: Reclosable packaging, non-reclosable packaging, and special blister packaging are the segments contributed to the market share.

In terms of end-use: Personal care products, pharmaceuticals, and chemicals are the segments contributing to the market share.

Regional Outlook

Region-wise analysis of the global child resistance packaging has been studied under the key regions of North America, Europe, APAC, and Rest of the World (ROW).

Among these, Europe is the most crucial market for child-resistant packaging in support of the widespread adoption of rigorous regulations that are mandating the use of child-resistant packaging in several industries. The mounting awareness about the value of incorporating child safety features in commercial products in Europe is also likely to drive the child-resistant packaging market in the region over the assessment period.

North America is also supposed to play a leading role in the global child-resistant packaging market over the assessment period with the growing demands of state governments legislating that is working in favor of mandating child-resistant packaging in various industrial sectors. The rising government support for child-resistant packaging is also to result in smooth proliferation for the market over the forecast period.

On the other hand, Asia Pacific, Latin America, and the Middle East have grabbed a robust position in the global child-resistant packaging market owing to the lack of awareness about the importance of child safety. However, the mounting demand for personal care products and pharmaceuticals in developing Asia Pacific countries could lead to steady growth of the child-resistant packaging market in the Asia Pacific over the forecast period.

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