The main reason why child resistant packaging has been developed is to keep kids away from dangerous and chemical products. It has put a particular emphasis on reducing child mortality rates. According to NCBI, nearly 50,000 child poisoning cases are reported yearly in the U.S. in children under six. To address this problem, the U.S. FDA published a notice in 2015 proposing legislation requiring more child-resistant packaging for goods like tobacco and other nicotine-containing gels and dissolvable.
According to Data Bridge Market Research, the Global Child Resistant Packaging Market is expected at USD 22.36 billion in 2021 and is expected to reach USD 34.19 billion by 2029, registering a CAGR of 5.45% during the forecast period of 2022 to 2029.
" Growing Market Growth Is Caused By Increasing Demand For Certified Child Proof Packaging "
End-user businesses that produce child-resistant packaging are constantly innovating their packaging strategies. The best option for both primary and secondary packaging designs is zip-lock bags. These bags have zipper to slide and access medicinal contents or pharmaceutical. Adults can easily open and resecure Ziplock bags while still being accessible to children, so kids aren't allowed in. Secondary packaging design styles for securing medications inside child-resistant packaging include small, lightweight packaging; thus, the child resistant packaging market sees a surge in market expansion.
What restraints the growth of the Global Child Resistant Packaging Market?
“Rising Production Cost Will Limit the Market Growth Rate."
The child-resistant packaging market is currently constrained by factors like the COVID-19 outbreak, rising product costs, and adverse side effects from using a global product. As a result, the overall market is implementing various strategies to combat these limitations and create market value in the child resistance packaging market over the forecast period.
Segmentation: Global Child Resistant Packaging Market
The global child resistant packaging market is segmented on the basis of product, material type, packaging type, and end user.
- On the basis of product, the child resistant packaging market is segmented into caps and closure, blister and clamshells, joint container tubes, bags and pouches, cartons, and others.
- On the basis of material type, the child resistant packaging market is segmented into plastic, glass, metal, paper and paperboard.
- On the basis of packaging type, the child resistant packaging market is segmented into non-reclosable packaging, special blister packaging, and reclosable packaging.
- On the basis of end-user, the child resistant packaging market is segmented into pharmaceuticals, food and beverages, cosmetics and personal care, home care and toiletries, chemical and fertilizers, automotive, cannabis, tobacco, and others.
Regional Insights: North America is expected to dominate the global child resistant packaging market
North America and Europe dominate the child resistant packaging market in revenue and market share from 2022 to 2029. This is a result of the region's rising demand for packaging that is child resistant.
During the projected period, Asia Pacific is predicted to experience the fastest growth due to a rise in the demand for child-resistant packaging options in the pharmaceutical industry.
To know more about the study, visit, https://www.databridgemarketresearch.com/reports/global-child-resistant-packaging-market
Recent Developments in Global Child Resistant Packaging Market
- In 2020, A new child-resistant jar explicitly created for the cannabis and tobacco industries was introduced to the market by origin pharma packaging. The new CR jar guards against kids accessing the jar's contents.
The Prominent Key Players Operating in the Global Child Resistant Packaging Market Include:
- O.Berk Company, LLC (U.S.)
- Sun Grown Packaging (U.S.)
- MJS Packaging (U.S.)
- Kaufman Container (U.S.)
- Amcor plc (Switzerland)
- Ecobliss B.V. (Netherlands)
- Global Closure System (France)
- WestRock Company (U.S.)
- Syntegon Technology GmbH (U.S.)
- WINPAK LTD (Canada)
- ABC Packaging Direct, (U.S.)
- Carow Packaging Inc (U.S.)
- Colbert Packaging (U.S.)
- Comar (U.S.)
- Constantia Flexibles (Austria)
- Gerresheimer AG (Germany)
- LA Packaging (U.S.)
- Mold-Rite Plastics (U.S.)
- Origin Pharma Packaging (U.K.)
- Parkway Plastics Inc (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of global child resistant packaging market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Child Resistant Packaging Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by dbmr research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, global vs regional and vendor share analysis. Please request analyst call in case of further inquiry.
