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Child Resistant Packaging Market Trends, Top Vendors, Growth Insights and Forecast by 2031

11-01-2023 04:44 AM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Child Resistant Packaging Market

Child Resistant Packaging Market

The Child Resistant Packaging Market is a special packaging used by manufacturers to reduce the risk of children consuming dangerous goods. Child-resistant packaging for medicines is difficult to open. Manufacturers use tamper-proof closures to implement child-resistant packaging. Safety regulations such as safety caps to be included in the packaging of pharmaceutical products. In addition to caps and closures, there are child-resistant variations for blister packs and cartons.

The global child resistant packaging market size was valued at $23.2 billion in 2021, and is projected to reach $44 billion by 2031, growing at a CAGR of 6.5% from 2022 to 2031

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Top Companies
Constantia Flexibles, Closure Systems International (CSI, Bemis Manufacturing Company, Bilcare Limited, Winpak Ltd, Gerresheimer AG, WestRock, Amcor Plc, Berry Global Group, Inc, KushCo Holdings.

Demand for child-resistant packages made of paper, metal, and fiber is increasing compared to plastic materials for pharmaceutical and alcohol packaging as they have recyclable and compostable properties which is expected to boost the child-resistant packaging market growth. Strict regulations on child health by certain regulatory agencies are expected to further stimulate the child-resistant packaging market. Increase in use of medications, pharmaceutical products, and chemicals due to growth in population is expected to boost the child-resistant packaging market.

The child-resistant packaging (CRP) has become an essential component of product safety in various industries, particularly in pharmaceuticals, household chemicals. The Child-Resistant Packaging Market has experienced significant growth in recent years as concerns for child safety have continued to rise. Its growth drivers, emerging trends, and the importance of protecting children from accidental exposure to harmful substances.

Child-resistant packaging is integral to the pharmaceutical industry to prevent accidental ingestion of prescription and over-the-counter medications. The growing global pharmaceutical market ensures a steady demand for CRP. With the legalization of various regions, the need for child-resistant packaging in the industry has surged. Including edibles and vapes, must be securely packaged to protect children from potential harm. The demand for child-resistant packaging in the household chemicals sector, including cleaning agents and pesticides, is driven by safety concerns.

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Further, this type of packaging is used in personal care and cosmetics packaging, which prevents direct contact with children, and hence, acts as a growth driver for the child-resistant packaging industry. However, lack of end-user awareness of child- resistant packages can hinder child resistant packaging market growth. Environmentally friendly child-resistant packaging is on the rise, aligning with the broader trend of sustainability in packaging solutions. Integration of smart technologies to enhance child-resistant features and provide consumers with added convenience and information about the product. 

Packaging solutions that cater to specific product requirements and branding needs are becoming more prevalent. As online shopping continues to grow, child-resistant packaging for e-commerce is a developing niche. The importance of child-resistant packaging cannot be overstated. Accidental ingestions and poisonings are a significant public health concern, and CRP plays a vital role in mitigating these risks. By making it challenging for children to open packages, CRP can prevent tragedies and reduce the burden on healthcare systems.

The Child-Resistant Packaging Market is poised for sustained growth as governments, industries, and consumers recognize the importance of protecting children from accidental harm. It is a critical element of product safety, particularly in the pharmaceutical and household chemicals sectors. As the industry continues to evolve, we can expect to see even more innovative and sustainable solutions that safeguard our little ones while meeting the needs of businesses and consumers.

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About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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