Global Child Resistant Packaging Market 2017-2021

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Overview of the global child resistant packaging market

Market research analysts at Technavio predict that the global child resistant packaging market will grow steadily at a CAGR of more than 4% by 2021. To protect children from ingesting or touching any harmful products, the regulatory bodies of several countries are introducing regulations that mandate the manufacturers to follow strict packaging guidelines while packaging certain household items such as medicines, spray products for cosmetics and pharmaceuticals, chemicals, and cleaning products. According to our market research experts, this introduction of stringent regulations regarding toxic item packaging will be one of the primary growth factors for this market.

This child resistant packaging market analysis identifies the emergence of bio-plastics and sustainable packaging as one of the key trends that will gain traction in the child resistant packaging market during the next four years. Biodegradable plastics can be used as a suitable substitute for plastic caps and closure packaging in child resistant packaging. These are easily decomposable by microorganisms, which consequently, reduces their harmful effect on the environment. With the rising customer preference towards eco-friendly packaging over convenient packaging and the introduction of stringent regulations, vendors will focus on incorporating these technological advancements in their product offerings.

Competitive landscape and key vendors

The child resistant packaging market is fragmented due to the presence of various vendors. The competitive environment is intense and the players this marketspace mainly compete on the basis of factors such as price, capacity, volume, product quality, design, and technological innovations. Additionally, the manufacturers are also focusing on expanding their businesses by establishing new manufacturing facilities and launching innovative products and are also following strategies such as M&As.

The leading vendors in the market are -

• Amcor
• Bemis
• Ecobliss
• Global Closure System
• WestRock

The other prominent vendors in the market are Colbert Packaging, Kaufman Container, LeafLocker, Mold-Rite Plastics, O. Berk, Romaco, Rondo, Stora Enso, and Sun Grown Packaging.

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Segmentation by end user and analysis of the child resistant packaging market

• Pharmaceutical Industry
• Personal Care Industry

The pharmaceutical industry has the need to maintain a high degree of safe consumption of medicines. The increase in the usage of cost-effective blister packaging and new packaging solutions that offer resistance toward packaging puncture with peelability feature, will contribute to the growth of this market segment.

Geographical segmentation and analysis of the child resistant packaging market

• Americas
• APAC
• EMEA

EMEA has a large number of pharmaceutical manufacturing companies and the European Union has introduced stringent regulations regarding the implementation of child resistant packaging in pharmaceuticals, cosmetics, household cleaning chemicals, and detergents to protect children. The introduction of a number of regulations on child resistant packaging and pharmaceutical packaging will contribute to the growth of the child resistant packaging market in EMEA.

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Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global child resistant packaging market?
• What are the key market trends impacting the growth of the global child resistant packaging market?
• What are the challenges to market growth?
• Who are the key vendors in the global child resistant packaging market?
• What are the market opportunities and threats faced by the vendors in the global child resistant packaging market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global child resistant packaging market?

Technavio also offers customization on reports based on specific client requirement.

This upcoming research report on the global child resistant packaging market offers insights into the key trends and emerging drivers influencing the growth of the transportation and logistics sector. Technavio also offers large number of research report on packaging sector to provide insights on the total market size, growth rate, and competitive landscape. This upcoming industry research report on the global child resistant packaging market offers insights into the key trends and emerging drivers influencing the growth of the packaging industry.

Technavio gathers business intelligence data on key parameters such as profit, pricing, products, competition, distribution, and technology by conducting exhaustive primary and secondary research. Qualitative and quantitative research methodologies are also used to accurately forecast the growth of the market, which will help the client in making the investment and product decisions to expand in emerging markets. This upcoming market research report on the global child resistant packaging market also covers vendors like Amcor, Ball, Crown, International paper, and Mondi.

The upcoming report on the child resistant packaging market identifies other key aspects of business intelligence such as profits, products, technology, vendors, as well as opportunities and challenges faced by the industry. It also presents insights into the rapidly altering competitive scenario to give clients an accurate picture of the upcoming events within the transportation and logistics industry. Technavio also provides deep-dive market assessments into the sectors such as transportation and distribution and warehouse and storage.