Global child resistant packaging market is expected to rise to an estimated value of USD 30.12 billion by 2026, registering a substantial CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the manufacturers adopting effective but attractive packaging methods that do not compromise on the aesthetic appeal of the product.
Market drivers and market restraints covered in the child resistant packaging report assist businesses to get idea about the production strategy. This global market report additionally encompasses predictions utilizing a practical arrangement of suspicions and techniques. The report is generated with the systematic gathering and analysis of information about individuals or organisations which is conducted through social and opinion research. Furthermore, the identity of respondents is kept secret and no promotional approach is made to them while analysing the data. The child resistant packaging report helps strengthen the organization and make better decisions for driving the business on right track.
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This child resistant packaging study presents the child resistant packaging market production, revenue and market share and growth rate for each company and also covers the breakdown data by regions, type and applications. This report keeps the reputation by delivering valuable and world class capabilities and possibilities to the clients. The main goal of the report is to provide clear picture and better understanding of the market.
Key Market Competitors:
Few of the major competitors currently working in the global child resistant packaging market are CONSTANTIA; Amcor Limited; Berry Global Inc.; Gerresheimer AG; Greenlane Ventures; WestRock Company; Bilcare Limited; RPC Bramlage Division; Winpak Ltd.; TriMas; Sun Grown Packaging; O.Berk Company, LLC; MJS Packaging; Kaufman Container; Ecobliss Holding BV; Mold-Rite Plastics; Colbert Packaging; Romaco Group; Stora Enso; British Plastics Federation; Körber Medipak Systems GmbH; Glass Dynamics LLC and 420Packaging.com.
Increasing awareness regarding the benefits and effectiveness of these packaging methods to prevent children from ingesting harmful products is expected to drive the growth of the market
Increasing presence of strict regulations from the authorities regarding the prevention of involuntary children poisoning is expected to drive the growth of the market
Reluctance in adoption of these packaging products & methods from the various end-users due to the complications in opening the packages is expected to restrain the growth of the market
Vigorous assessment of product effectiveness which involves testing the efficacy of the product from a collective group of children aged 42-51 months and adults above 60 years; this factor is expected to restrain the growth of the market
Table of Contents
5.Global, By Component
Segmentation: Global Child Resistant Packaging Market
By Packaging Type
- Special Blister
By Product Type
- Caps & Closures
- Push & Turn
- Squeeze & Turn
- Snap On
- Blister & Clamshells
- Joint Container Tubes
- Bags & Pouches
By Material Type
- Polyethylene (PE)
- High-Density Polyethylene (HDPE)
- Low-Density Polyethylene (LDPE)
- Linear Low-Density Polyethylene (LLDPE)
- Polyethylene Terephthalate (PET)
- Polystyrene (PS)
- Polypropylene (PP)
- Polyvinyl Chloride (PVC)
- Ethylene Vinyl Alcohol (EVOH)
- Paper & Paperboard
By End-Use Industry
- Chemical & Fertilizers
- Food & Beverages
- Cosmetics & Personal Care
- Home Care & Toiletries
Middle East & Africa
Key Developments in the Market:
In May 2019, TriMas announced that they had acquired TAPLAST S.p.a. for an undisclosed amount, expanding their products and service providing capabilities to the packaging market due to TAPLAST S.p.a.’s renowned capabilities in providing caps, closures, dispensing packaging products and child-resistant packaging solutions. The company will begin operating as a subsidiary of TriMas’s packaging business “Rieke”.
In January 2019, Greenlane Ventures announced that they had completed the acquisition of Pollen Gear, a company they had previously partnered with for providing cannabis consumers products that promote safety and controlled consumption. Pollen Gear is focused on designing and supplying of child-resistant packaging solutions which will be involved in Greenlane businesses helping them expand their supply chain capabilities and packaging knowledge.
Global child resistant packaging market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of child resistant packaging market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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