Child Resistant Packaging Market: Global Industry Analysis And Forecast (2023-2029)

Child Resistant Packaging Market size is expected to reach nearly US$ 7.01 Bn. by 2029 with the CAGR of 6 % during the forecast period.
Child Resistant Packaging Market Overview:
Child-resistant packaging has been specially developed to keep children away from chemicals and hazardous substances. In particular, it aims to reduce infant deaths. The design of child-resistant packaging has been developed in such a way that it is very difficult for children under the age of five to easily open and come into contact with hazardous substances. Child resistant packaging is specially designed in a certain way to prevent children under five years of age from accessing hazardous and harmful substances placed inside the packaged products. The type of packaging is comfortable for adults to use properly, but it is difficult for children and the elderly to open. Child resistant packaging reduces the risk of infant death from accidental ingestion of prescription drugs.To know about the Research Methodology :- Request Free Sample Report
Child Resistant Packaging Market Dynamics:
The growing demand for child resistant solutions to prevent accidental ingestion of dangerous substances by children around the world is one of the main drivers of growth in the market. Child resistance bottle design innovations aimed at increasing customer awareness of better packaging use, especially in the pharmaceutical industry, and increasing resistance to children opening packages. These factors are driving the market growth.

Increasing demand for consumer-friendly designs and products, and the implementation of strict guidelines for packaging toxic and specific household items, including drug sprays for drugs, chemicals, and detergents. Rapid urbanization, an increase in infants, increased awareness of child safety, and increased disposable income all have a positive impact on the market.

Paper, metal, and fiber child resistant packaging is expected to increase due to its recyclable and compostable properties compared to plastic materials for packaging pharmaceuticals and alcohol, driving the child resistant packaging market. Strict regulation of child health by certain regulatory agencies is expected to further boost the child resistance packaging market.

Due to the growing population, the increasing use of medicines, medicines, chemicals, etc. is expected to bring vitality to the child resistance packaging market. Child resistant packages are also used in the packaging of cosmetic personal care products, preventing direct exposure of children, the adoption of child health packages by the tobacco and cannabis industry is expected to drive the child resistant package market.

The launch of new generation technologically advanced child resistant packaging products is expected to drive the growth of the child resistant packaging market. In January 2022, one of the global leaders in child resistant packaging Origin Pharma packaging launched a new child resistant jar that is specially designed for the tobacco and cannabis industry. The new CR jar prevents the children to get access to the contents in the jar.

Child resistant packaging offers various applications in industries like healthcare, pharmaceutical, food & beverages, and cosmetic products. Child resistance packaging is most commonly used to package medicines, drugs, and e-cigarettes that contain nicotine, pesticides, adhesives, and other harmful chemicals. Child resistant packages are essential in the pharmaceutical industry for over-the-counter drugs, medical kits, syringes, and prescription drugs. CR packages are essential to protect children from harmful chemicals and poisons. CR packages are also used to store automotive chemicals, oils, carburetor cleaners, solvents, metal cleaners, and adhesives, preventing children from being exposed directly to these substances. These factors are driving the demand for the product in the market.

One of the major challenges of child resistant packaging design is that it should be easy for the elderly and hard for children. Manufacturers in the child resistant packaging market should increase R&D in new closure technologies and innovative designs to meet the demands of end-users. New closure technologies are helping brands to gain a competitive edge over other market players. Easy-to-use closure systems are being developed by manufacturers in the child resistant packaging market. Such innovations help manufacturers meet their compliance requirements.

The zip lock bag is one of the smart options for primary and secondary package design. These pouches have a single entrance design that requires dexterity to open the zipper to access medical or pharmaceutical contents. Ziplock bags can be easily opened and resecured by adults, whilst providing a barrier to entry for children. Secondary packaging design styles include lightweight and compact means of securing medicines within the child resistant packaging options. This trend is prominent for cannabidiol (CBD) products.

Market trends and challenges are analyzed and compiled in the report. The data of 2022 is considered for a better understanding of the client. Moreover, Analytics of the market is based on real numbers of past years from 2022 to 2029 with market forecast until 2029.
Child Resistant Packaging Market Segment Analysis:
By End Use, Pharmaceuticals dominated the market with a 41% share in 2022. The stringent regulations are made up by health care and drug regulatory organizations. Child resistant packages are essential in the pharmaceutical industry for over-the-counter drugs, medical kits, syringes, and prescription drugs. These factors are driving the growth of the segment in the market.

Chemicals are expected to grow at a CAGR of 4.6 % through the forecast period. CR packaging uses a special lid that is difficult for children to access. The CR packaging containers are used for storing harmful pesticides and fertilizers that keep away the children to gain access to these substances. These factors are expected to drive the growth of the market through the forecast period.
Child Resistant Packaging Market Regional Insights:
Europe region dominated the market with a 40 % share in 2022. Widespread adoption of stringent regulations requiring the use of child-resistant packaging in a number of industries. Growing awareness of the importance of incorporating child resistant features into commercial products. These factors are driving the growth of the segment in the market.

North America is expected to grow at a CAGR of 5.8 % through the forecast period. Due to the fight against mass poisonings of children reported in the pharmaceutical, chemical, cosmetic, and personal care industries countries like the United States. A major claim to minimize infant morbidity, strict laws are enforced by governments around the world, such as the US FDA to prevent poisoning in children, special packaging standards, and labeling requirements for household drugs. US enactment of the Childhood Nicotine Poisoning Prevention Act. These factors are expected to drive the growth of the region through the forecast region.

The objective of the report is to present a comprehensive analysis of the Child Resistant Packaging market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Child Resistant Packaging market dynamics, structure by analyzing the market segments and project the Child Resistant Packaging market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Child Resistant Packaging market make the report investor’s guide.
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Child Resistant Packaging Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 4.66 Bn.


Forecast Period 2023 to 2029 CAGR:
4.5%
Market Size in 2029:
US $ 7.01 Bn.


 Segments Covered:
by Type
Reclosable packaging
Non-reclosable packaging
Blister packaging


by End Use
Pharmaceuticals
Personal Care
Chemicals


by Product
Caps and Closure
Blister and Clamshells
Joint Container Tubes
Bags and Pouches
Cartons
Others


by Material
Plastic
Glass
Metal
Paper & Paperboard



Child Resistant Packaging Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Child Resistant Packaging Market Key Players
1. Sun Grown Packaging
2. Berk Company, LLC
3. MJS Packaging Inc.
4. MJS Packaging Inc.
5. Kaufman Container
6. Ecobliss B.V.
7. Amcor Limited
8. Bemis Company, Inc.
9. WestRock Company
10. Global Closure System

FAQ:

1] What segments are covered in the Child Resistant Packaging Market report?
Ans. The segments covered in the Child Resistant Packaging Market report are based on Type, Material and End Use.

2] Which region is expected to hold the highest share in the Child Resistant Packaging Market?
Ans. Europe Region is expected to hold the highest share in the Child Resistant Packaging Market.

3] What is the market size of the Child Resistant Packaging Market by 2029?
Ans. The market size of the Child Resistant Packaging Market is expected to reach US $ 37.76 Bn. by 2029

4] Who are the top key players in the Child Resistant Packaging Market?
Ans. Berk Company, LLC, Sun Grown Packaging, MJS Packaging Inc., MJS Packaging Inc., Kaufman Container, Ecobliss B.V., Amcor Limited, Bemis Company, Inc., WestRock Company, Global Closure System.

5] What was the market size of the Child Resistant Packaging Market in 2022?
Ans. The market size of the Child Resistant Packaging Market in 2022 was worthUS $ 4.66Bn.