March 29, 2020

Child Resistant Closures Market will be growing at a CAGR of 6.7% during the forecast period from 2019 to 2027

According to a new market research report published by Credence Research “Child Resistant Closures Market – Growth, Future Prospects and Competitive Analysis, 2019 – 2027”, the global market for child resistant closures was valued at US$ 1.60 billion in 2018 and is set to grow at 6.7 per cent CAGR during the forecast period 2019 to 2027.

Market Insights

In order to prevent accidental intoxication of drugs among children, the demand for child resistant closures is increasing at a significant pace. These closures are specially designed to protect and prevent accidental use of pharmaceuticals or hallucinogenic substances for children under 5 years of age. The increase in accidental consumption of medical products among children has become a major concern, driving the demand for child-resistant closures rapidly over recent years. Rising awareness and strict pharmaceutical packaging guidelines around the world are key growth factors for the child-resistant closures market. Child-resistant closures are widely used in industries such as personal care, chemicals, pharmaceuticals, and food & beverages, among others. As a result of these factors, we expect the market for child-resistant closures to show healthy growth during the forecast period.

Browse Full Report Originally Published by Credence Research at https://www.credenceresearch.com/report/child-resistant-closures-market

Based on the type of closure, the Push & Turn segment has the largest share, accounting for more than 60 per cent of global market revenue in 2018. The Push & Turn segment has the largest share due to its advantages such as ease of operation, child proof handling, shapely ribbed surface and others. Push & turn child resistant closures are used for various packaging solutions including tubes, bottles and others. Restored safety features of push & turn child resistant closures set them apart from press & turn caps and dropper caps. We therefore assume that push & turn child resistant closures will continue to lead the market during the forecast period.

Geographically speaking, North America accounted for the largest share of revenue in the global market for child-resistant closures in 2018. North America’s revenue share was more than 40% in the same year. North America has the highest share due to the increased use of child-resistant closures in the food and beverage industry and the household and personal care industry. The other major growth factors are the established pharmaceutical sector and the regulatory mandate for the use of child-resistant closures in pharmaceutical packaging. In the U.S., the Government Agency Consumer Product Safety Commission (CPSC) is recalling products that are not subject to the Poison Prevention Packaging Act (PPPA). For example, in September 2018, CPSC recalled Desert Harvest’s Relevum Skin Repair Cream, which was originally supplied with pump dispensers. After the recall, the company replaced the pump dispensers with a child-resistant twist-off cap. As a result, we expect North America to lead the child-resistant closure market throughout the forecast period.

In an effort to expand the product portfolio and market share, key market players adopt strategies such as mergers and acquisitions, product launches and collaborations. For example, in June 2019, Amcor acquired Bemis Company Inc. and the company continued to operate as Amcor Plc. This acquisition will strengthen the product portfolio and value proposition of Amcor Plc.

Some of the major players profiled in the report include 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., Glass Vials Inc., and others.

Access Free Sample Copy of Research Report: https://www.credenceresearch.com/sample-request/59993

[Note: Our Free Complimentary Sample Report Accommodate a Brief Introduction To The Synopsis, TOC, List of Tables and Figures, Competitive Landscape and Geographic Segmentation, Innovation and Future Developments Based on Research Methodology are also Included]

Report Scope by Segments

By Closure Type

 • Push & Turn

 • Squeeze & Turn

 • Dropper Caps 

 By Tamper Evidence Type

 • Tamper Evident

 • Non-Tamper Evident

 By Material Type

 • Polypropylene

 • Polystyrene

 • Polyethylene

 • Others (Metals, PVC, etc.)

 By End-User Type

 • Pharmaceuticals

 • Household & Personal Care

 • Chemicals & Fertilizers

 • Food & Beverages

By Geography Segment

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

Key questions answered in this report

  • What was the market size of child resistant closures in 2018 and 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? 

Access Free Sample Copy of Research Report: https://www.credenceresearch.com/sample-request/59993

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