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Child Resistant Closures Market By Closure Type (Push & Turn, Squeeze & Turn, Dropper Caps), By Tamper Evidence Type (Tamper Evident and Non-Tamper Evident), By Material Type (Polypropylene, Polystyrene, Polyethylene, Others), By End-Use Vertical (Pharmaceuticals, Household & Personal Care, Chemicals & Fertilizers, Food & Beverage) – Growth, Future Prospects and Competitive Analysis, 2019 - 2027

Rising Government Regulations to Boost the Child-Resistant Closure Market

In 2018, the global child-resistant closures market was valued at US$ 1.60 Bn and was expected to grow with a CAGR of 6.7% during the forecast period from 2019 to 2027. The child-resistant closure market is growing due to the worldwide increase in accidental drug intoxication cases among children below five years of age. To decrease these accidental cases, the government is taking the initiative to apply child-resistant packaging rules. For instance, in the U.S., the Poison Prevention Packaging Act (PPPA) listed some special products that should be packed with child-resistant closures. Further, these include chemicals & cosmetics products, mouthwash products, and drugs & dietary supplements. As a result of the aforementioned factors, we expect that the child-resistant closures will show healthy growth throughout the forecast period. 

Market Synopsis

The pharmaceuticals segment is to remain the largest segment During the Forecast Period.

Based on end-user type, the child-resistant closure market is segmented into pharmaceuticals, household & personal care, chemicals & fertilizers, and food & beverage. The pharmaceutical segment has the largest share of the market, accounting for more than 50% of the total market revenue. Pharmaceuticals have the largest share owing to compulsory child-resistant packaging for prescribed and over-the-counter (OTC) drugs. Strict regulations by healthcare and drug regulatory organizations are the major factor for the pharmaceutical industry's dominance in child resistant closures market. Therefore, we expect the pharmaceutical industry to continue leading the child-resistant closure market throughout the forecast period. 

North America to Remain Highest Revenue Contributor throughout the Forecast Period

North America was the leader in child-resistant closures, accounting for more than 1/3rd of the market share in 2018. High regional market share is attributed to strict rules and regulations for child-resistant packaging. Furthermore, the growth of the pharmaceutical industry and the government's regulations to protect children from unintentional accidental poisoning are the major growth drivers for the region's child-resistant closures market. In addition, another growth driver for the market is another wide application of child-resistant closures in North America for different industries such as cosmetics, household, food & beverage, and pharmaceutical. Due to these factors, we expect that the North America region will be the leader during the forecast period.

Some of the prominent players operating in the child-resistant closures market are Amcor plc., Ecobliss, Global Closure Systems, ABA Packaging Corporation, Ace Paper Tube Corporation, WestRock, Berlin Packaging, Berry Global, Inc., Airlite Plastics, Cincinnati Container Co., Crown Packaging International Inc., Cobra Plastics Inc., and Glass Vials Inc. among others. 

Historical & Forecast Period

This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment calculated for the forecast period from 2019 to 2027. 

Report Scope by Segments

The child-resistant closures market report provides market size and estimates based on market dynamics and key trends observed in the industry. In addition, the report provides a holistic view of the global child-resistant closures market based on closure type, tamper evidence type, material type, end-user type, and geography. Key segments covered in the report are as follows: 

   

ATTRIBUTEDETAILS

  Research Period     2017-2027  

  The base Year        2018  

  Forecast Period       2019-2027  

  Historical Year        2017  

  Unit                       USD Billion  

 

 Segmentation  Closure Type (2019–2027; US$ Bn)

  • Push & Turn
  • Squeeze & Turn
  • Dropper Caps 

 Tamper Evidence Type (2019–2027; US$ Bn)

  • Tamper Evident
  • Non-Tamper Evident

 Material Type (2019–2027; US$ Bn)

  • Polypropylene
  • Polystyrene
  • Polyethylene
  • Others (Metals, PVC, etc.)

 End-User Type (2019–2027; US$ Bn)

  • Pharmaceuticals
  • Household & Personal Care
  • Chemicals & Fertilizers
  • Food & Beverages

 Geography Segment (2019–2027; US$ Bn)

  • North America (U.S. and Rest of North America)
  • Europe (U.K., Germany, France, and the Rest of Europe)
  • Asia Pacific (Japan, China, India, and the Rest of Asia Pacific)
  • Rest of World (Middle East & Africa (MEA), Latin America)

Key questions answered in this report.

  • What was the market size of child-resistant closures in 2018, and what is the forecast up to 2027?
  • Which is the largest regional market for child-resistant closures?
  • What are the major trends followed in overall child-resistant closures across different regions?
  • What are the key market trends and high-growth opportunities observed in the child-resistant closures market?
  • What are the drivers of the child-resistant closures market?
  • Which are the leading child-resistant closures manufacturers worldwide?
  • What are the key strategies adopted by the leading child-resistant closures manufacturers? 

Unique data points of this report

  • Statistics on unintentional drug consumption worldwide
  • Recent trends across different regions in terms of the adoption of child-resistant closures
  • Notable ongoing developments in the child-resistant closures industry
  • Attractive investment proposition for different segments of child resistant closures market
  • Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)

Frequently asked questions :

The market for Child Resistant Closures Market is expected to reach US$ XX Bn in 2027.

The Child Resistant Closures Market market is expected to see significant CAGR growth over the coming years, at 6.7%.

The report is forecasted from 2019-2027.

The base year of this report is 2018.

Amcor Plc., Ecobliss, Global Closure Systems, ABA Packaging Corporation, Ace Paper Tube Corporation, WestRock are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Oct 2019
Category:  Packaging
Report ID:   59993
Report Format:   PDF
Pages:   120
Rating:    4.4 (66)
Delivery Time: 24 Hours to 48 Hours   
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