North America Child-Resistant Packaging Market, By Product (Caps and Closure, Blister and Clamshells, Joint Container Tubes, Bags and Pouches, Cartons, Others), Material Type (Plastic, Glass, Metal, Paper and Paperboard), Packaging Type (Non-Reclosable Packaging, Special Blister Packaging, Reclosable Packaging), End-User (Pharmaceuticals, Food and Beverages, Cosmetics and Personal Care, Home Care and Toiletries, Chemical and Fertilizers, Automotive, Cannabis, Tobacco, Others), Country (U.S., Canada, Mexico) Industry Trends and Forecast to 2028
The utility grade duct tapes market is expected to reach at an estimated value of USD 1,257.3 million by 2028 and grow at a CAGR of 7.50% in the forecast period of 2021 to 2028. Data Bridge Market Research report utility grade duct tapes market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rapid urbanization globally is escalating the growth of child-resistant packaging market.
Child Resistant Packaging is defined as the form of packaging that is difficult for a child younger than 52 months to open. The main purpose of this packaging is keep children away from harmful products. It is specifically designed in a way that it becomes difficult for children to easily open and gain access to the toxic and harmful substances kept inside the packaged products. This type of packaging is comfortable for adults but, is difficult to open for children and senior citizens.
The rise in concerns about child safety along with risk of children ingesting harmful chemical and drugs among population acts as one of the major factors driving the growth of child-resistant packaging market. The increase in demand of metal, fiber and paper child resistant packaging compared to plastic material for packaging of drugs and alcohols because of the recyclable and compostable nature, and strict regulation on child health-care by certain regulatory bodies accelerate the market growth. The high relevance of packaging solution for pharmaceuticals, homecare toiletries, automotive, and chemical and fertilizers owning to the regulations and standard for packaging of drugs and chemicals, and adoption of child healthcare packaging by the tobacco and cannabis industry further influence the market. Additionally, rise in usage in the pharmaceutical industry, growth in population, surge in disposable income, change in lifestyle and increase in awareness among the people towards better packaging usage positively affect the child-resistant packaging market. Furthermore, advancements in packaging and introduction of stringent policies for the specific packaging of toxic items in various regions extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, increase in cost of the packaging and reluctance of end-user industry for using the child resistant packaging are expected to obstruct the market growth. The lack of awareness regarding the packaging is projected to challenge the child-resistant packaging market in the forecast period of 2021-2028.
This child-resistant packaging market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on child-resistant packaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
North America Child-Resistant Packaging Market Scope and Market Size
The child-resistant packaging market is segmented on the basis of product, material type, packaging type and end-user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- 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.
North America Child-Resistant Packaging Market Country Level Analysis
The terminal management system (TMS) market is analyzed and market size insights and trends are provided by country, product, material type, packaging type and end-user as referenced above.
The countries covered in the North America child-resistant packaging market report are U.S., Canada and Mexico in North America.
U.S. is projected to dominate the North America child-resistant packaging market owning to the increasing child-resistant packaging in the industries such as chemicals, pharmaceuticals, and cosmetics and personal care in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and North America Child-Resistant Packaging Market Share Analysis
The child-resistant packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to child-resistant packaging market.
The major players covered in the child-resistant packaging market report are 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, WestRock Company, and Berry Global Inc., among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : North America Child-Resistant Packaging Market
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