Global Child-Resistant Packaging Market is expected to reach USD 17,341.59 million by 2026 in the forecast period of 2019 to 2026. The years considered for study are as mentioned below:
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The child-resistant packaging is a highly concentrated market which includes key players and local players. The market has a prominent growth in upcoming years due to wide application area of child-resistant packaging in various industries.
The market has witness developments in terms of merger and acquisitions or product launches to enhance the product portfolio to meet the rising demand of innovative technologies. For instance, in January 2015, Amcor plc launched its Amcor Opening Feature (AOF) on Child-Resistant Push-Through Blister Lidding. Through this launch, the company will expand its product portfolio.
WestRock Company dominated the global child-resistant packaging market. The other key players in the market include 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.
WestRock Company:
WestRock Company headquartered in Atlanta, U.S. was founded in 2015. The company is engaged in the manufacturing of paper and packaging product solutions. They operate through three business segments which include corrugated packaging, consumer packaging, land and development. Corrugated packaging, consumer packaging are the market focused segments and are engaged in the production of child-resistant packaging products. The products are utilized for packaging, pharmaceuticals and many other applications.
- In March 2019, WestRock Company announces the acquisition with Linkx Packaging Systems. Through this acquisition, the company is aiming to expand their product portfolio of automated packaging system.
It has its global networks in Asia Pacific, North America, South America, Europe. It also operates through its subsidiary, which is Kapstone (U.S.).
Berry Global Inc.:
Berry Global Inc. is headquartered in Indiana, U.S. was established in 1967. The company is engaged in providing the products to sectors such as engineering materials, nonwoven specialty materials and consumer packaging. They operate through four business segments which include engineered materials (EM), health, hygiene & specialties (HH&S), consumer packaging (CP). Consumer packaging (CP) is the market focused segment and is engaged in the production of various types of child-resistant packaging products.
- In July 2019, Berry Global Inc. announces the acquisition of RPC Group Plc. Through this acquisition, the company aims to expand the company product portfolio along with serving customers with their high-quality product line.
It has its global networks in North America, South America, Europe, Asia, Middle East. It operates through its subsidiaries, which are PLIANT CORP (U.S.), Landis Plastics, Inc. (U.S), BERRY IOWA CORP (U.S.), Covalence Specialty Coatings LLC (U.S.), Covalence Specialty Materials (U.S.), among others.
Amcor plc:
Amcor plc is headquartered in Zurich, Switzerland was founded in 1860. The company is engaged in developing responsible packaging solutions for beverage, food, pharmaceutical and other industries. The company operates through two business segments, which include flexibles and rigid plastics. Flexibles and rigid plastics are the market focused segments of the company that are engaged in the manufacturing of products related to child-resistant packaging.
- In January 2015, Amcor plc launched its Amcor Opening Feature (AOF) on Child-Resistant Push-Through Blister Lidding. Through this launch, the company will expand its product portfolio.
The company has their geographical presence in Americas, Asia-Pacific, Europe and Middle East & Africa. It operates through its subsidiaries which are Vinisa Fueguina S.R.L. (Argentina), Amcor Flexibles Transpac BVBA (Belgium), Amcor Flexibles Denmark ApS (Denmark), Amcor Flexibles Selestat SAS (France), Amcor Flexibles Zutphen BV (Netherlands) and others.
