Child Resistant Packaging Market Projected To Garner Significant Revenues By 2031

Transparency Market Research offers key market acumens of global child resistant packaging market in its newly published report, which includes global industry survey, share, growth, size, trends, along with forecast for 2021-2031. In terms of global revenue, the child resistant packaging market is anticipated to register growth at a CAGR of 5.9% during the upcoming decade, of which TMR provides a detailed analysis of lucrative growth opportunities in the child resistant packaging market report.

The child resistance locking pouches are made from plastic material, which has a feature that makes it difficult for a child to open it. Child resistance locking pouches are used to prevent accidental exposure to toxic or harmful content. The child resistant locking pouches are opaque and have a high barrier packaging option, which make it popular among various end-use industries such as food & beverages, personal care, pharmaceuticals, etc. Sterile medical packaging includes various types of packaging such as caps and closure, dropper, blister and clamshells, joint container tubes, bags and pouches, cartons, and many others that are used for the specific type of packaging.

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Advancement in Healthcare Sector Generating Demand for Safer and More Efficient Products

The last few decades were a period of global economic crisis and witnessed a growth in the number of drugs packaging. As a consequence, various pharmaceutical products have been compelled to review their strategies. As a result, a major shift in focus was observed in healthcare, focusing on the use of products that are child resistant. Therefore, pharmaceutical companies are focusing on the use of child resistant packaging products at relatively economical cost, which can respond to the growing demand for the adoption of various product type.

Product Innovations among Child Resistant Packaging Manufacturers

Key market players are aiming to expand their product offerings and presence in untapped market. For instance, companies that excel in offering small sized packaging will likely opt for other sizes and technologies, similar to those who hold market share in a single location will look for mergers or acquisitions, which allow them into newer markets.

On October 2021, Berry M&H launched a child resistant certified bottle and closure combination, which will provide safe and secure packaging for a range of applications that include healthcare and household cleaning products. The child resistance protection is certified according to ISO standards. The company says the bottle range was tested and approved to BS EN ISO 8317:2015.

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