Child Resistant Packaging Market

Child Resistant Packaging Market Research, 2031

The global child resistant packaging market size was valued at $23.2 billion in 2021, and is projected to reach $44 billion by 2031, growing at a CAGR of 6.5% from 2022 to 2031.

Child-resistant packaging refers to packaging material that is difficult for children to open within a reasonable period. This type of packaging protects the children by prohibiting them from gaining access to harmful products. Child-resistant packaging is defined under child resistant packaging by the Poison Prevention Packaging Act. This Act ensures child safety by focusing on prevention of accidental ingestion of hazardous products. The child-resistant packaging is made of various materials such as plastics, fibers, metals, glass, and paper. This packaging material is used in the pharmaceutical industries for packing of medicinal drugs.

The COVID-19 pandemic halted production of many products in the child-resistant packaging market as a result of lockdowns. Furthermore, the number of COVID-19 cases is expected to reduce in the future with the introduction of vaccines for COVID-19. This has led to the reopening of child-resistant packaging industries at their full-scale capacities which is expected to help the market recover by end of 2022.

There is increase in demand for paper, metal, and fiber child-resistant packaging compared to plastic material for packaging of drugs and alcohol owing to recyclable and compostable nature which is expected to fuel the child-resistant packaging market. The strict regulation on child healthcare by certain regulatory bodies is further likely to fuel the child-resistant packaging market. Moreover, rise in use of medications, pharmaceutical products, and chemicals due to increase in population is projected to boost the child-resistant packaging market growth. Child-resistant packaging is used for packaging of cosmetic personal care products to prevent direct exposure to children, which, in turn, acts as a growth driver for this market. Furthermore, the adoption of child-resistant packaging by the tobacco and cannabis industry is expected to fuel this type of packaging market. However, lack of awareness about child-resistant packaging by end users can hamper the growth of the child resistant packaging market.

Major players have adopted various strategies such as product launch and acquisition to sustain the competition and improve product portfolio. For instance, in October 2021, Berry M&H introduced a child-resistant certified bottle and closure combination that provides safe and secure packaging for a variety of products in healthcare, cleaning, and DIY industries. This aims in improving the product portfolio.

The child resistant packaging market is segmented into Material, End-user industry and Product type and region. Depending on product type, the market is categorized into caps & closures, blisters, and others. As per material, the market is divided into plastic, metal glass, and paper & paperboard. According to end-user industry, the market is classified into food & beverage, pharmaceutical, personal & homecare, and others. Region wise, the global market analysis is conducted across North America (U.S., Canada, and Mexico), Europe (UK, France, Germany, Spain, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

On the basis of product type, the caps & closures segment generated the highest revenue in 2021, due to increase in demand for lightweight packaging. Growth in demand for child proof packaging solutions for medical products and high-end cosmetic brands is expected to boost the development of the child resistant packaging market.

On the basis of region, North America registered highest share of the global child resistant packaging market share in 2021, owing to increase in demand in the pharmaceutical sector for child-resistant packaging solutions. Furthermore, majority of countries in the region are spending on the pharmaceutical sector for the growth of the child resistant packaging market opportunities.

On the basis of end-user industry, the pharmaceutical segment accounted for the highest revenue in the global market in 2021 owing to rise in need for child safety measures.  In addition, protection of children from poisoning is a crucial factor anticipated to provide lucrative opportunities for the child resistant packaging market growth.

COMPETITION ANALYSIS

The key players that operate in the child-resistant packaging market are Amcor Plc, Bemis Manufacturing Company, Berry Global Group, Inc., Bilcare Limited, Closure Systems International (CSI), Constantia Flexibles, Gerresheimer AG, KushCo Holdings, WestRock, and Winpak Ltd.

Key Benefits For Stakeholders

• The report provides an extensive analysis of the current and emerging global child resistant packaging market trends and dynamics. 
• In-depth child resistant packaging market analysis is conducted by constructing market estimations for key market segments between 2022 and 2031.
• Extensive analysis of child-resistant packaging market is conducted by following key product positioning and monitoring of top competitors within the market framework.
• A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
• Child resistant packaging market forecast analysis from 2022 to 2031 is included in the report.
• The key players within the child-resistant packaging market are profiled in this report and their strategies are analysed thoroughly, which help understand the competitive outlook of the child resistant packaging industry.

 Child Resistant Packaging Market Report Highlights