Global Child-Resistant Packaging Market has been Driven by Increasing Awareness Regarding Packaging to Prevent Children from Ingesting Harmful Poisonous Products and Excessive Usage of Special Blister Packaging in Pharmaceutical Industry in the forecast period of 2019 to 2026

Global Child-Resistant Packaging Market is projected to register a substantial CAGR of 5.7% in the forecast period of 2019 to 2026. The new market report contains data for historic year 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026.

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Drivers: Global Child-Resistant Packaging Market

• Increasing awareness regarding packaging to prevent children from ingesting harmful poisonous products
• Excessive usage of special blister packaging in pharmaceutical industry

Restraints:

• High fluctuation in raw material prices
• Less recyclability of certain materials used in child resistant packaging products

Opportunity:

• Rising demand for flexible child resistant packaging

Challenge:

• Reluctance of child resistant packaging due to difficulty in opening

Market Trends:

Global child-resistant packaging market is segmented into four notable segments which are based on product, material type, packaging type and end-user.

• On the basis of product, the market is segmented into caps and closure, blister and clamshells, joint container tubes, bags and pouches, cartons and others. In 2019, blister and clamshells segment is expected to dominate the market with the largest market share. The increased demand of blister and clamshells is due to their easy availability and eco-friendly in nature. It helps in making the product safer and the movability of these products can be done very easily.
• On the basis of material type, the market is segmented into plastic, glass, metal, paper & paperboard.
• On the basis of packaging type, the market is segmented into non-reclosable packaging, special blister packaging and reclosable packaging. In 2019, non-reclosable packaging segment is expected to dominate the market with the largest market share. Non-reclosable packaging is very widely used in the packaging of pharmaceutical products as it offers product differentiation and reduces the messiness factor.
• On the basis of end-user, the market is segmented into pharmaceuticals, food and beverages, cosmetics & personal care, home care & toiletries, chemical & fertilizers, automotive, cannabis, tobacco and others.

Key Market Players: Global Child-Resistant Packaging Market

Some of the major players operating in this market are WestRock Company, Berry Global Inc., Amcor plc, Körber Medipak Systems GmbH, WINPAK LTD, ABC Packaging Direct, Carow Packaging Inc., Colbert Packaging, Comar LLC, CONSTANTIA, Ecobliss Holding BV, Gerresheimer AG, Kaufman Container, LA Packaging, MJS Packaging, Mold-Rite Plastics, O.Berk Company, LLC, Origin Pharma Packaging, Parkway Plastics Inc., Sun Grown among others.

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