Child resistant packaging refers to the packaging material that is difficult for children to open it within a reasonable period. The child resistant packaging reduces the risk by prohibiting children to gain access to harmful products. The child resistant packaging is defined under C-R packaging via poison prevention packaging act that work in the field of child health-care. The child resistant packaging is made of various materials such as plastics, fibers, metals, glass and paper. The child resistant packaging material is generally used in the pharmaceutical industries for drug packaging.

COVID-19 scenario analysis:

• The demand for the child resistant packaging is expected to decrease in the year 2020 due to lockdown imposed by the government and low demand from food & beverages and pharmaceutical industry.
• COVID-19 crisis is likely to affect the child resistant packaging industry negatively, as a result of halted manufacturing and massive reduction in demand for luxury and non-essential services globally.
• COVID-19 crisis had a mixed impact on the packaging industry, mainly due to closure of physical retail stores globally. However, the availability of online retailing has absorbed the high impact of this shutdown.
• The requirement of eCommerce specific packaging is likely to remain strong, although the ecommerce companies would have to focus on protection of goods and sanitization of packages.
• In addition, the food packaging industry is on the frontline within the global packaging market, owing to the demand for essential products such as groceries and fresh food mainly from local e-retail sites.
• Industrial, transportation, and bulk packaging has faced a sharp decline, owing to decreased demand for non-essential goods during the first two quarters of 2020.
• Owing to the lowered disposable income of maximum population and weak demand for packaging from industrial goods, the packaging industry might face significant pressure of reduction in both wholesale as well as retail costs.
• Consumers are likely to stay hesitant for consumption of luxury products, travel, and hospitality services, which is expected to hinder the packaging industry growth in the future after the COVID-19 crisis.

Top impacting factors: Market Scenario Analysis, Trends , Drivers and Impact Analysis

There is increasing demand of paper, metal and fiber child resistant packaging compared to plastic material for packaging of drugs and alcohols owing to recyclable and compostable nature is expected to fuel the child resistant packaging market. The strict regulation on child health-care by certain regulatory bodies is further expected to fuel the child resistant packaging market. The increasing use of medications, pharmaceutical products, chemicals and others due to increasing population is expected to boost the child resistant packaging market. The child resistant packaging is also used for the packaging of cosmetic personal care to prevent direct exposure to the children act as a growth driver to child resistant packaging market. Moreover, the adoption of child healthcare packaging by the tobacco and cannabis industry is further expected to fuel the child resistant packaging market. However, the lack of awareness about the child resistant packaging by the end users can hamper the growth of the market.

New product launches to flourish the market

Thelaunch of new generation technologically advanced child resistant packaging products can boost the growth of the child resistant packaging market. For example, in January 2020, one of the global leader in child resistant packaging Origin Pharma packaging launched a new child resistant jar that is especially designed for the tobacco and cannabis industry. The new CR jar prevents the children to get access to the contents in the jar.

High demand from applications :

The child resistant packaging offer various applications in industries like health-care, pharmaceutical, food & beverages and cosmetic products. The child resistant packaging are most often used for packaging medications, drugs, electronic cigarettes containing nicotine, pesticide, adhesives and other harmful chemicals. Further, in pharmaceutical industry the child resistant packaging is essential for the over the counter drugs, medical kits, syringes and prescription medicines. The CR packaging is essential to prevent the children from the harmful chemicals and poisoned substances. The CR packaging is also used in the storage of automotive chemicals, oils, carburetor cleaners, solvents, metals cleaners and adhesives for preventing the children from direct exposure to these materials. Moreover the CR packaging containers uses a special lid type caps that are difficult to access by children. The CR packaging containers are used for storing harmful pesticides and fertilizers that keeps away the children to gain access to these substances.

Key benefits of the report:

• This study presents the analytical depiction of the child resistant packaging market along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the child resistant packaging market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the child resistant packaging market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed Market analysis based on competitive intensity and how the competition will take shape in coming years.

 Key Market Segments

 
Key Market Players

• Constantia Flexibles Group GmbH
• Amcor Limited
• Bemis Company, Inc
• Berry Global
• Gerresheimer AG
• KushCo Holdings, Inc.
• WestRock Company
• Bilcare Limited
• Global Closure Systems
• Winpak Ltd.