The global child-resistant packaging market size was US$ 23.2 billion in 2021. The global child-resistant packaging market size is estimated to reach US$ 40.8 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.5% during the forecast period from 2022 to 2030.
Child-resistant packaging refers to packaging materials that are difficult for children to open within a reasonable time. This type of packaging protects children by preventing them from accessing harmful products. It is defined by the Poison Prevention Packaging Act under child-resistant packaging. This act ensures child safety by focusing on the prevention of accidental ingestion of hazardous products. Child-resistant packaging is made of a variety of materials such as plastic, fiber, metal, glass, and paper. This packaging material is used in pharmaceutical industries for packing medicinal drugs.
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Factors Affecting Marketing Growth
The growth in demand for metal, paper, and fiber child-resistant packaging compared to plastic material for packaging drugs and alcohol due to its recyclable and compostable nature is expected to drive the growth of the global market.
The increase in the use of medications, pharmaceutical products, and chemicals owing to the rise in population is expected to drive the growth of the global market.
Child-resistant packaging is used for packaging cosmetic personal care products to prevent direct exposure to children which drives the growth of the global market.
Lack of awareness about child-resistant packaging by end users can hinder the growth of the global market.
Impact on COVID-19 Analysis
COVID-19 halted the production of many products in the global child-resistant packaging market as a result of lockdowns. Furthermore, the number of pandemic cases is expected to reduce in the future with the introduction of vaccines for COVID-19. This has led to the reopening of child-resistant packaging industries at their full-scale capacities, which is expected to help the market recover by end of 2022.
Regional Analysis
North America registered the highest share of the global child-resistant packaging market share in 2021, due to an increase in demand in the pharmaceutical sector for child-resistant packaging solutions. Also, the majority of countries are spending on the pharmaceutical sector, which drives the growth of the global market in the region.
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Leading Competitors
The prominent players in the global child-resistant packaging market are:
Winpak Ltd
WestRock
KushCo Holdings
Gerresheimer AG
Constantia Flexibles
Closure Systems International
Berry Global Group
Bilcare Limited
Bemis Manufacturing Company
Amcor Plc
Others
Segmentation Analysis
The global child-resistant packaging market segmentation focuses on Material, End User Industry, Product Type, and Region.
Segmentation on the basis of Material
Metal
Paper and paperboard
Plastic
Glass
Segmentation on the basis of End User Industry
Personal and home care
Food and beverage
Pharmaceutical
Others
Segmentation on the basis of Product Type
Caps and closures
Blisters
Others
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Segmentation on the basis of Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Child Resistant Packaging market revenues on a global, regional, and country level, projecting trends until 2031. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Child Resistant Packaging market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Child Resistant Packaging market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Child Resistant Packaging business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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