Child-resistant package is a type of package designed to make it difficult for children to open and ingest harmful substances. Such packaging prevents children from accessing the contents of the package, such as medicines. This packaging, which includes a special safety cap, is tried and tested to prevent infants from opening it.
The child-resistant packaging is applicable in various industries such as health-care, pharmaceutical, food & beverages, and cosmetic products. The child-resistant packaging is most often used for packaging medications, drugs, electronic cigarettes containing nicotine, pesticide, adhesives, and other harmful chemicals. Further, in pharmaceutical industry, the child-resistant packaging is essential for over-the-counter drugs, medical kits, syringes, and prescription medicines. The child-resistant packaging is essential to keep children safe from harmful chemicals and poisoned substances. In addition, this packaging is used in storage of automotive chemicals, oils, carburetor cleaners, solvents, metals cleaners, and adhesives for preventing children from direct exposure to these materials. Moreover, child-resistant packaging containers use a special lid type caps that are difficult to access by children. Furthermore, harmful pesticides and fertilizers are stored in child-resistant packaging containers so that children do not gain access to these substances.
The global child-resistant packaging market is segmented on the basis of product type, material, end-user industry, and region. Depending on product type, the market is divided into caps and closures, blisters, and others. According to material, the market is classified into plastic, metal glass, and paper & paperboard. As per end-user industry, the market is categorized into food & beverage, pharmaceutical, personal & homecare, and others. Region wise, the global market analysis is conducted across North America (U.S., Canada, and Mexico), Europe (UK, France, Germany, Spain, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
COMPETITION ANALYSIS
The key players that operate in the child-resistant packaging market are Amcor Plc, Bemis Manufacturing Company, Berry Global Group, Inc., Bilcare Limited, Closure Systems International (CSI), Constantia Flexibles, Gerresheimer AG, KushCo Holdings, WestRock, and Winpak Ltd.KEY BENEFITS FOR STAKEHOLDERS
- The report provides an extensive analysis of the current and emerging child- resistant packaging market trends and dynamics.
- In-depth market analysis is conducted by constructing market estimations for key market segments between 2022 and 2031.
- Extensive analysis of the child-resistant packaging market is conducted by following key product positioning and monitoring of top competitors within the market framework.
- A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
- The child-resistant packaging market forecast analysis from 2022 to 2031 is included in the report.
- The key players within the child-resistant packaging market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the child-resistant packaging market.
Key Market Segments
By Material
- Paper and paperboard
- Plastic
- Metal
- Glass
By End-user industry
- Food and beverage
- Pharmaceutical
- Personal and home care
- Others
By Product type
- Caps and closures
- Blisters
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Spain
- Rest of Europe
- Asia-Pacific
- South Korea
- India
- Rest of Asia-Pacific
- China
- Japan
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Amcor Plc
- Bemis Manufacturing Company
- Berry Global Group, Inc
- Bilcare Limited
- Closure Systems International (CSI
- Constantia Flexibles
- Gerresheimer AG
- KushCo Holdings
- WestRock
- Winpak Ltd
Please note:
- Online Access price format is valid for 60 days access. Printing is not enabled.
- PDF Single and Enterprise price formats enable printing.
Table of Contents
Executive Summary
According to the report, titled, “Child Resistant Packaging Market," the child resistant packaging market size was valued at $23.2 billion in 2021, and is estimated to reach $44 billion by 2031, growing at a CAGR of 6.5% from 2022 to 2031.Child-resistant packaging is a special packaging used by manufacturers to reduce the risk of children consuming dangerous goods. Child-resistant packaging for medicines is difficult to open. Manufacturers use tamper-proof closures to implement child-resistant packaging. Safety regulations such as safety caps to be included in the packaging of pharmaceutical products. In addition to caps and closures, there are child-resistant variations for blister packs and cartons.
Demand for child-resistant packages made of paper, metal, and fiber is increasing compared to plastic materials for pharmaceutical and alcohol packaging as they have recyclable and compostable properties which is expected to boost the child-resistant packaging market growth. Strict regulations on child health by certain regulatory agencies are expected to further stimulate the child-resistant packaging market. Increase in use of medications, pharmaceutical products, and chemicals due to growth in population is expected to boost the child-resistant packaging market. Further, this type of packaging is used in personal care and cosmetics packaging, which prevents direct contact with children, and hence, acts as a growth driver for the child-resistant packaging industry. However, lack of end-user awareness of child- resistant packages can hinder child resistant packaging market growth.
Major players have adopted product launch and acquisition as key strategies to sustain the competition and improve product portfolio. For instance, in January 2020, one of the global leaders in child-resistant packaging, Origin Pharma Packaging launched a new child-resistant jar that is especially designed for the tobacco and cannabis industry. The new child-resistant jar prevents children from getting access to the contents in the jar.
North America, accounting for largest share of the global child resistant packaging market share, has dominated the global child-resistant packaging market in terms of revenue in 2021, owing to rise in demand in various industries such as pharmaceutical and food & beverages is anticipated to boost the child resistant packaging market opportunities.
However, during the COVID-19 pandemic, various manufacturers in the child- resistant packaging market had to stop their business in countries such as China, the U.S., and India. This break directly impacted sales of child-resistant packaging companies. In addition, lack of manpower and raw materials constricted supply of equipment, which negatively influenced the growth of the child-resistant packaging market. However, reopening of production facilities and introduction of vaccines for coronavirus disease are anticipated to lead to re-opening of the child resistant packaging industry.
Key Findings of the Study
- The report provides an extensive analysis of the current and emerging global child resistant packaging market trends and dynamics.
- By product type, the caps and closures segment has dominated the child-resistant packaging market, in terms of revenue, in 2021 and blisters is projected to grow at a significant CAGR during the forecast period.
- By end-user industry, the pharmaceutical segment has registered highest revenue in 2021.
- By region, Asia-Pacific is projected to register highest growth rate in the coming years.
- In-depth child resistant packaging market analysis is conducted by constructing market estimations for key market segments between 2022 and 2031.
- Child resistant packaging market forecast analysis from 2022 to 2031 is included in the report.
- The key players within the child-resistant packaging market are profiled in this report and their strategies are analysed thoroughly, which help understand the competitive outlook of this industry.
Companies Mentioned
- Amcor plc
- Bemis Manufacturing Company
- Berry Global Group, Inc
- Bilcare Limited
- Closure Systems International (Csi
- Constantia Flexibles
- Gerresheimer AG
- Kushco Holdings
- Westrock
- Winpak Ltd
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
LOADING...
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 203 |
Published | July 2022 |
Forecast Period | 2021 - 2031 |
Estimated Market Value ( USD | $ 23427.45 million |
Forecasted Market Value ( USD | $ 43976.54 million |
Regions Covered | Global |
No. of Companies Mentioned | 10 |