Child resistant packaging market size is worth USD 42 billion

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New York, U.S., Sept. 15, 2022 (GLOBE NEWSWIRE) — Child Resistant Packaging Market Overview

According to a comprehensive research report by Market Research Future (MRFR), “child resistant packaging market Information by type, by end use and by region – Forecasts until 2030“, the market is expected to grow at a CAGR of 5.4% to reach $42.0 billion by 2030.

Market scope:

Specially designed child-resistant packaging has been created to protect children from dangerous and toxic products. Its main objective has been to reduce infant mortality rates. Additionally, the childproof packaging has been created with a design that makes it very difficult for children under the age of five. The child could open it easily and come into contact with hazardous and hazardous materials.

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Report Scope:

Report attribute Details
Market size 2030 $42.0 billion
CAGR 5.4% (2022-2030)
Year of reference 2021
Forecast period 2022–2030
Historical data 2020
Forecast units Value (USD billion)
Report cover Revenue forecasts, competitive landscape, growth factors and trends
Segments Covered By type, by end use and by region
Geographical areas covered North America, Europe, Asia-Pacific and Rest of the World (RoW)
Key Market Drivers Growing urbanization is the main factor
The growing awareness of populations towards better uses of packaging

Competitive dynamics:

The global child safety packaging market is expanding due to a number of important aspects, which also increases the potential and opportunities for major manufacturers and industry players across the globe. Manufacturers and major players now have additional opportunities thanks to the stricter regulations that have been implemented for the specific packaging of dangerous goods in different regions. With the help of important key players who are generating significant growth for the global market, the child resistant packaging market is growing. These important key players are:

  • Berk Company, LLC (USA)
  • Sun Grown Packaging (USA)
  • MJS Packaging Inc. (USA)
  • MJS Packaging Inc. (USA)
  • Kaufman container (USA)
  • Ecobliss BV (Netherlands)
  • Amcor Limited (Australia)
  • Bemis Company, Inc. (USA)
  • WestRock Company (USA)
  • Global locking system (France)

Market USPS:

Market factors:

The major reasons for the growth of the child resistant packaging market are increasing urbanization, increasing use of the pharmaceutical sector, and increasing public awareness for better use of packaging. In addition, implementation of stricter regulations regarding certain household items, such as drugs, chemicals and cleaning products, pharmaceutical sprays, and dangerous goods packaging, is expected to propel the global packaging market child resistant.

Due to their recyclable and compostable qualities, which are expected to boost the childproof packaging industry, paper, metal and fiber childproof packaging are more in demand than plastic for packaging. drugs and alcohol. The child resistant packaging market is expected to be further boosted by the stringent control of children’s healthcare by several regulatory bodies. Additionally, the market for child resistant packaging is expected to grow owing to the increase in the use of pharmaceuticals, chemicals and pharmaceuticals due to the increase in population.

In order to limit the direct exposure of children, personal care cosmetic products are packaged in child-resistant packaging, which in turn is a development driver for this market. Additionally, the tobacco and cannabis industries’ use of child-resistant packaging is expected to drive the market for this form of packaging. However, a lack of consumer knowledge regarding child-resistant packaging might hinder the expansion of the market.

Market constraints:

Due to the unprecedented COVID-19 and increasing expenditure of the global product, the Child Safety Packaging Market may be severely constrained. As a result, the global market is implementing a number of strategies to combat the new barriers and create a market for child resistant packaging over the forecast period. Due to the rising cost of packaging and the negative consequences of global products, child resistant packaging market trends may encounter difficulties.

Browse the in-depth market research report (180 pages) on child resistant packaging: https://www.marketresearchfuture.com/reports/child-resistance-packaging-market-3867

COVID-19 Analysis:

The child-resistant packaging industry has been one of the industries that has been impacted by the current COVID-19 outbreak, which has spread almost universally. Due to increasing COVID virus outbreaks, several countries have imposed societal limits on their transportation, production, sales, labor and many other areas in the first half of 2020. As a result, there has been a temporary halt in the development of the world. market. Additionally, major market investors exited the global market.

Lockdowns caused by the COVID-19 outbreak have halted the development of many items in the childproof packaging market. Moreover, with the development of COVID-19 vaccines, the number of cases is expected to decrease in the future. This has resulted in childproof packaging industries reopening at full capacity, which is expected to help the market recover by the end of 2022.

Market segmentation :

By type:

The special blister packaging segment is expected to contribute the greatest growth in the child resistant packaging market over the forecasted period.

Per application:

Due to the drug packaging laws and recent advancements in the pharmaceutical sector, the pharmaceutical segment is expected to dominate the global child resistant packaging market throughout the research period. Moreover, the adoption of strict restrictions by the drug regulatory bodies and the healthcare sector are the main drivers for the expansion of the child resistant packaging sector.

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Regional analysis:

In order to corner the market, the European market is increasing its demand for childproof packaging. Due to growing public awareness of the importance of including child-resistant features in products in commercial sectors, the European market is currently dominating the global child-resistant packaging market. Along with this, more and more people are adopting strict rules for the use of childproof packaging in various industries, which is driving the global market in this field throughout the review period. .

In addition, the North American region is expected to have the largest child resistant packaging market size owing to the growing use of child resistant packaging in the chemical, pharmaceutical, cosmetic and food industries. personal care in the United States. In order to cope with the high child poisoning rates in the region, this region is currently paying more attention to child safety and adopting higher strength packaging for children, which is driving the expansion of the packaging market to resistance for children.

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