The child resistant closures market in Asia Pacific is expected to grow from US$ 1,053.33 million in 2022 to US$ 1,493.11 million by 2028. It is estimated to grow at a CAGR of 6.0% from 2022 to 2028.
Many pharmaceuticals, chemicals, fertilizers, food & beverages, and cosmetics manufacturers are shifting toward green alternatives by reducing the overall material used for packaging. New technologies target reducing carbon emission by optimizing the manufacturing process and minimizing the impact of conventional plastic material on the environment. To develop new techniques for sustainable packaging for reducing waste, global providers of packaging solutions, such as BERICAP Holding GmbH, Phoenix Closures, Inc., Green Earth Packaging, etc., invest significantly in R&D every year. This drives the sustainability trend and provides child safety, which is expected to create growth opportunities for the child-resistant closures market. The change is partly driven by consumer consciousness regarding the sustainability of a product's packaging. As a result, companies have adopted paperboard packaging with thin plastic packaging wherever necessary. Thus, increasing adoption of eco-friendly packaging material among manufacturers and awareness about the impact of petroleum-based plastic is expected to propel the growth of eco-friendly child resistant closures during the forecast period..
Furthermore, advancements in packaging and the introduction of stringent policies for the specific packaging of toxic items in various regions extend profitable opportunities to market players in the region.
Many pharmaceuticals, chemicals, fertilizers, food & beverages, and cosmetics manufacturers are shifting toward green alternatives by reducing the overall material used for packaging. New technologies target reducing carbon emission by optimizing the manufacturing process and minimizing the impact of conventional plastic material on the environment. To develop new techniques for sustainable packaging for reducing waste, global providers of packaging solutions, such as BERICAP Holding GmbH, Phoenix Closures, Inc., Green Earth Packaging, etc., invest significantly in R&D every year. This drives the sustainability trend and provides child safety, which is expected to create growth opportunities for the child-resistant closures market. The change is partly driven by consumer consciousness regarding the sustainability of a product's packaging. As a result, companies have adopted paperboard packaging with thin plastic packaging wherever necessary. Thus, increasing adoption of eco-friendly packaging material among manufacturers and awareness about the impact of petroleum-based plastic is expected to propel the growth of eco-friendly child resistant closures during the forecast period..
Market Overview
The Asia Pacific child resistant closures market is spread across Australia, China, India, Japan, South Korea, and the rest of Asia Pacific. China, India, and other southeast Asian countries are the key markets in this region. With heavy investments by manufacturers and the rise in government initiatives and regulations for children’s safety, this regional market is expected to grow in the coming years. Additionally, the rise in usage in the pharmaceutical industry, population growth, a surge in disposable income, change in lifestyle and increase in awareness among the people towards better packaging usage positively affected the child resistant closures market.Furthermore, advancements in packaging and the introduction of stringent policies for the specific packaging of toxic items in various regions extend profitable opportunities to market players in the region.
Asia Pacific Child Resistant Closures Market Segmentation
The Asia Pacific child resistant closures market is segmented into material, closure type, end user, and country.- Based on material, the market is segmented into polypropylene, polyethylene, metal, and others. The polypropylene segment registered the largest market share in 2022.
- Based on closure type, the market is categorized into push and turn, squeeze and turn, and others. The push and turn segment held the largest market share in 2022.
- Based on end user, the Asia Pacific child resistant closures market is segmented into pharmaceutical, household product, cosmetic and personal care, chemicals and fertilizer, food and beverage, and others. The pharmaceutical segment held the largest market share in 2022.
- Based on country, the market is segmented into Australia, China, India, Japan, South Korea, and Rest of Asia Pacific. China dominated the market share in 2022. Berry Global Inc.; AptarGroup, Inc.; O.Berk Company; Georg MENSHEN GmbH and Co. KG; Tecnocap S.p.A.; United Caps; HEINLEIN PLASTIK-TECHNIK GMBH; and BERICAP are the leading companies operating in the child resistant closures market in the region.
Table of Contents
1. Introduction
3. Research Methodology
4. Asia Pacific Child Resistant Closures Market Landscape
5. Asia Pacific Child Resistant Closures Market - Key Market Dynamics
6. Asia Pacific Child Resistant Closures Market Analysis
7. Asia Pacific Child Resistant Closures Market Analysis By Material
8. Asia Pacific Child Resistant Closures Market Analysis By Closure Type
9. Asia Pacific Child Resistant Closures Market Analysis By End Use
10. Asia Pacific Child Resistant Closures Market Analysis
11. Company Profile
12. Appendix
List of Tables
List of Figures
Companies Mentioned
- Berry Global Inc.
- Aptargroup, Inc.
- O.Berk Company
- Georg Menshen Gmbh And Co. Kg
- Tecnocap S.P.A.
- United Caps
- Heinlein Plastik-Technik Gmbh
- Bericap
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 117 |
Published | November 2022 |
Forecast Period | 2022 - 2028 |
Estimated Market Value ( $ | $ 1053.33 Million |
Forecasted Market Value ( $ | $ 1493.11 Million |
Compound Annual Growth Rate | 6.0% |
Regions Covered | Asia Pacific |
No. of Companies Mentioned | 8 |