Global Child Resistant Packaging Market is expected to grow at a CAGR of 5.2% during the forecast period.
The report provides a comprehensive analysis of the Global Child Resistant Packaging Market 2017 research report also provides in depth study of variety in Product Types, Industry Size, Share, Trends, Strength, Weakness, Opportunities and Threat to the organization, Growth, Drivers, Applications. The Child Resistant Packaging market report also provides an in-depth survey of key players, consumption ratio, production capacity, revenue, and different driving factors.
Some of the key factors favoring the growth of the market are growing concern about the child death and non-fatal poisoning caused by ingestion of poisonous items, mandatory regulations for toxic items to include child-resistant packaging, increasing customer preference towards eco-friendly packaging over convenient packaging and technological advancements. However, high production cost and tough testing procedure for child resting package will hamper the market growth.
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Some Of The Key Players In The Child Resistant Packaging Market Include:
WestRock, Kaufman Container, Mold-Rite Plastics, Amcor, Colbert Packaging, Bemis, O.Berk, Ecobliss, LeafLocker, Global Closure System, Romaco, Sun Grown Packaging, Stora Enso, Rondo and British Plastics Federation.
Child-resistant (CR) packaging is used to minimize the risk of children accessing or ingesting medication and is one of the best-documented successes in preventing the unintentional poisoning of children. So, manufacturers & companies are utilizing the techniques of child resistant packaging for medicinal products as per the established norms & standards of the country.
Based on type, special blister packaging segment holds the largest market share owing to the excessive usage of special blister packaging in pharmaceutical industry. Depending upon the end user, pharmaceuticals segment witnessed considerable market growth with the increase in high consumption of medicines and drugs by children.
By geography, Europe holds significant market share owing to the strict rules and regulations and norms for child-resistant packaging and an advanced pharmaceutical packaging industry in the region.
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This research study is a valuable source of understanding data for Business Strategies, Growth Analysis, Historical & Futuristic Cost, Demand and Supply Data. North America, South America, Middle East & Africa are some of the APAC countries expected to constitute a major portion of the global market.
- Non-reclosable Packaging
- Reclosable Packaging
- Special Blister Packaging
End Users Covered:
- Personal Care
- Other End Users
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