Global Child Resistant Packaging Market Estimated To Grow At A CAGR Of Over 6.5% By 2026

07-Aug-2020 | Zion Market Research

As per to forecasters at Zion Market Research, the global market for child resistant packaging was capitalized at US$ 20,024.74 million during 2019. The worldwide child resistant packaging market worth is predicted to surge at a CAGR of 6.5% during 2020-2026. The major function of child resistant packaging is to avert kids from interacting with harmful drugs and products. The child resistant packaging products are sanctioned by the authoritarian organizations that function in the domain of child health care. The child resistant packaging products are checked by organizing a panel of children amid 42–51 months and seniors more than 60 years.

Some of the key players in this market are Amcor Limited, Constantia Flexibles Group GmbH, Berry Global, Bemis Company, Inc., KushCo Holdings, Inc., Gerresheimer AG, Bilcare Limited, WestRock Company, Winpak Ltd., and Global Closure Systems.

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Policies Concerning Child Healthcare To Boost The Global Child Resistant Packaging Market

The augmenting apprehensions concerning the peril of children ingesting dangerous drugs or chemical and child safety are the key driving forces for the expansion of child resistant packaging market. As per UNICEF’s World Report on Child Injury Prevention and the WHO (World Health Organization), “The child resistant packaging is the best-recognized success in averting the accidental poisoning of children.” The policies and standard for packaging of chemicals and drugs in the child resistant packaging made the crucial packaging solution for homecare toiletries, pharmaceuticals, chemical & fertilizers, and automotive. The producers of consumer products are also accepting child resistant packaging to appeal more customers by showing apprehensions for child health.

The global child resistant packaging market is categorized based on type covers, applications, and geography. On the basis of type covers, the market is divided into special blister packaging, reclosable packaging, and non-reclosable packaging. Based on applications, the market is divided into personal care, pharmaceuticals, and chemicals.

Europe And North America To Record Massive Development In The Global Child Resistant Packaging Market

Based on the geographical analysis, the global child resistant market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe and North America are the biggest customers of child resistant packaging. The large expansion in the pharmaceutical industry and child care policies are the major motives in the advancement of child resistant packaging markets across North America and Europe. The U.S. is likely to witness fast-rate growth in the forecasted period. The child resistant packaging market in Germany is estimated to be striking in terms of market share and progressive dollar opportunity by 2025. The Middle East & Africa and Latin America are anticipated to attain a swelling market share of almost 10% in the worldwide child resistant packaging market. India, China, and Japan are acting as the major market contributors for advancing the Asia Pacific child resistant packaging market.

Browse the full “Child Resistant Packaging Market - By Type Covers (Reclosable Packaging, Special Blister Packaging, and Non-Reclosable Packaging), Applications (Personal Care, Pharmaceuticals, and Chemicals), And By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/child-resistant-packaging-market

The global child resistant packaging market is segmented as follows:

Based on type covers:

  • Reclosable Packaging
  • Non-reclosable Packaging
  • Special Blister Packaging

Based on applications:

  • Personal Care
  • Chemicals
  • Pharmaceuticals

Based on the region:

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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