Child Resistant Foil Packaging Market Healthy Pace throughout the Forecast during 2018-2028

Global child resistant foil packaging market: A Historical Analysis

Child resistant foil packaging is a special type of packaging, which is done by the pharmaceutical manufacturers to reduce the risk of poisoning amongst the children. The risk associated with the accidental ingestion of hazardous material by kids, has long influenced research and packaging design to create child resistant solutions. Child resistant packaging is one of the optimum solution provided by the pharmaceutical manufacturers to provide the safety of children from medicines which are not meant for consumption by kids. In USA, child resistant packaging is the result of the poison prevention act (PPA) which was passed by the US congress in 1970. According to the poison protection act (PPPA) “Significantly difficult for children under five years of age to open or obtain a toxic or harmful amount of the substance contained therein within a reasonable time and not difficult for normal adults to use properly”. The main objective of child resistant foil packaging is to increase the resistance to opening of the packs by kids, yet maintaining a consumer friendly design, which can be easily handled by the adults.

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Global child resistant foil packaging market: Key Players

Some of the key players operating in the global child resistant foil packaging market are –

Tier I structure companies of the global child resistant foil packaging includes China Hongqiao Group Limited, UC RUSAL Plc, Amcor Limited, Hindalco Industries Ltd, Alcoa Corporation.

Tier II structure companies of the global child resistant foil packaging includes Bemis Inc

Tier III structure companies of the global child resistant foil packaging includes Ess Dee Aluminum Ltd, Pactech Packaging LLC,  Green Pack Foils Pvt. Ltd., Ethiprint

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Tier structure has been considered as follows-

Companies with revenue exceeding US$ 5 Bn, have been considered Tier I Companies. Those with revenues between US$ 1 Bn & US$ 5 Bn, have been considered as tier II companies. Finally, the companies with the revenue below US$ 1 Bn have been considered as the Tier III companies   

Exhibit-2 represents the tier classification of companies which have been considered in this article. Company annual reports have been used as the resources for calculating the revenue share of the global child resistant foil packaging market.

Exhibit-3 represents the estimated accidental drug ingestion cases of the global child resistant foil packaging market

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. 

Report Highlights : Detailed overview of parent market,Changing market dynamics in the industry,In-depth market segmentation,Historical, current and projected market size in terms of volume and value,Recent industry trends and developments,Competitive landscape,Strategies of key players and products offered,Potential and niche segments, geographical regions exhibiting promising growth,A neutral perspective on market performance,Must-have information for market players to sustain and enhance their market footprint.

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