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

Global Child Resistant Packaging market, which accrued revenue worth 20,024.74 (USD Million) in 2019, will register a CAGR of nearly 6.5% during the period from 2020 to 2026.

07-Aug-2020 | Report Code: ZMR-4001 | Report Format : | Status : Published

Abstract

The global Child Resistant Packaging market, which accrued revenue worth 20,024.74 (USD Million) in 2019, will register a CAGR of nearly 6.5% during the period from 2020 to 2026. The report offers assessment and analysis of the Child Resistant Packaging market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, sales estimates, opportunities, evolving trends, and industry-validated data. The report offers historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Million).

Details of the Report:

Report Metric

Details

Base Year

2019

Historical Data

2017 and 2018

Forecast period

2020-2026

Market Representation

Earnings provided in terms of USD Million and CAGR estimated from 2020 to 2026

Segments Analyzed

By Type Covers, By Applications, and By Region

Regions Analyzed

North America, Asia Pacific, Latin America, Europe, and the Middle East and Africa

Introduction

Child resistant packaging is a kind of specific packaging that is utilized for reducing the hazard to children consuming harmful substances. This is achieved through utilization of a special safety cap. Moreover, it is needed for regulating prescription medicines, over-the-counter drugs, and refill containers possessing nicotine EUTPD 36.7 pesticides, and chemicals used in homes. In addition to this, the use of unit packaging like blister packaging is controlled or even prohibited in some countries for purpose of child safety. Moreover, child resistant packaging is also used for oral prescription medicines as well as high risk drugs at homes.

Market Growth Drivers

Massive utilization of child-resistant containers for preventing child poisoning will favorably leverage the growth of the market in the years ahead. Need to reduce rate of child morality will result in huge product penetration across the globe. Apparently, surge in the child-resistant medicine packaging will steer the market growth during the forecast timeline. According to NCBI, each year in the U.S. nearly 50,000 incidences of child poisoning cases are witnessed in the children below the age of 6 years. In addition to this, a large proportion of these poisonings were reported to be due to tobacco-related items like cigars and smokeless tobacco. Hence in 2015, the U.S. FDA issued a notice of proposing a law that will boost the child-resistant packaging for products like nicotine & other tobacco items like dissolvable & gels. Moreover, special packaging standards were adopted in January 2016 in the country under which household items including liquid nicotine were classified under Child Nicotine Poisoning Prevention Act. As per laws, special packaging should be the packaging that children who are below five years age cannot open and adults can consume it in a proper way. These factors will pave a way for growth of the market in the years to come.

Moreover, dissolvable tobacco items like Camel Orbs® having candy-like appearance & mint or cinnamon flavor and Snus – an oral tobacco item- are responsible for child poisoning. In addition to this, e-cigarettes available in fruit & sweet flavors can pose a threat of poisoning to children. Hence, some of the manufacturers of these products have packaged their tobacco products in child-resistant packing containers like press & turn closures. Apparently, state authorities have enacted laws that has made it mandatory for pharma firms and tobacco manufacturing firms to wrap their products including gels liquids with child-resistant packaging. All these aforementioned factors will boost the market growth within the next few years.

North America To Lead Overall Market Expansion Over 2020-2026

The growth of the market size  in North America over 2020-2026 can be credited to massive incidences of child poisoning reported in the countries like the U.S resulting in humongous demand for child-resistant packaging in pharmaceuticals, chemicals, and cosmetics & personal care industries in the country. Apart from this, huge requirement for minimizing the child morbidity rate will drive the regional market trends. Additionally, strict laws enforced by U.S. FDA to inhibit child poisoning, special packaging norms & labelling requirements for household medicines, and enacting of Child Nicotine Poisoning Prevention Act by the U.S. will prompt the regional market revenue over the ensuing years.

Key players profiled in the report are Amcor Limited, WestRock Company, Constantia Flexibles Group GmbH, Bilcare Limited, Winpak Ltd., Berry Global, Bemis Company, Inc, KushCo Holdings, Inc., Gerresheimer AG, and Global Closure Systems.

The global child resistant packaging market is segmented as follows:

By type covers:

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

By applications:

  • Personal Care
  • Chemicals
  • Pharmaceuticals

By 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

Frequently Asked Questions

Massive utilization of child-resistant containers for preventing child poisoning will favorably leverage the growth of the market in the years ahead.

The CAGR of the industry is expected to be nearly 6.5% during the forecast timeline.

North America will contribute remarkably towards the global market share over the estimated timeline.

The key market players include 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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