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You can confidently trust on the information provided in this child resistant packaging market research report as it is derived only from the valuable and genuine resources. The report explains current and future market trends and carries out analysis of the impact of buyers, substitutes, new entrants, competitors, and suppliers on the market. By applying market intelligence for this report, industry experts assess strategic options, outline successful action plans and support companies with critical bottom-line decisions. The report offers CAGR value fluctuations during the forecast period of 2019-2026 for the market. The Global child resistant packaging market report contains all the company profiles of the major players and brands.
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.
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.
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
- By Packaging Type
- By Product Type
Caps & Closures
Push & Turn
Squeeze & Turn
Blister & Clamshells
Joint Container Tubes
Bags & Pouches
- By Material Type
High-Density Polyethylene (HDPE)
Low-Density Polyethylene (LDPE)
Linear Low-Density Polyethylene (LLDPE)
Polyethylene Terephthalate (PET)
Polyvinyl Chloride (PVC)
Ethylene Vinyl Alcohol (EVOH)
Paper & Paperboard
- By End-Use Industry
Chemical & Fertilizers
Food & Beverages
Cosmetics & Personal Care
Home Care & Toiletries
- By Geography
Rest of South America
Rest of Europe
Rest of Asia-Pacific
Middle East & Africa
United Arab Emirates
Rest of 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.
Data Bridge Market Research