The global child-resistant containers market is anticipated to reach a valuation of US$ 21.8 billion in 2023, driven by safety regulations and compliance. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 6.5% between 2023 and 2033, and reaching a total valuation of approximately US$ 40.9 billion by 2033.
One of the major factors contributing to the growth of the child-resistant containers market is the rising awareness of child safety. Heightened awareness among consumers about child safety and the potential risks associated with accidental ingestion of harmful substances has prompted industries to invest in child-resistant packaging solutions. The demand for effective child-resistant containers has increased across multiple product categories, as parents and caregivers prioritize safeguarding their children.
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The pharmaceutical sector is a significant driver of the child-resistant containers market. The need for secure and tamper-evident packaging for prescription drugs and over-the-counter medications is growing, with advancements in medical treatments, increasing medication consumption, and a growing elderly population. Child-resistant containers provide a vital layer of protection, ensuring medication safety and compliance.
The rapid growth of e-commerce and home delivery services has led to a surge in concerns about secure packaging and product integrity during transit. Child-resistant containers are crucial in ensuring that products remain safe and tamper-proof during shipping and delivery, particularly for items that require protection from children’s access.
Key Takeaways from the Market Study
- The global child-resistant containers market was valued at US$ 20.5 billion by 2022-end.
- From 2018 to 2022, the market demand expanded at a CAGR of 3.3%.
- North America is expected to hold a dominant CAGR of 6.4% during the forecast period.
- By material type, the polyethylene segment is expected to constitute a CAGR of 6.4% in 2033.
- Based on end use, the pharmaceuticals segment is expected to dominate the market with a CAGR of 6.4% in 2033.
- From 2023 to 2033, the child-resistant containers market is expected to flourish at a CAGR of 6.5%.
- By 2033, the market value of child-resistant containers is expected to reach US$ 40.9 billion.
“Eco-friendly packaging, across the globe, is a major factor that is expected to propel the growth of the child-resistant containers market shortly,” remarks an FMI analyst.
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Competitive Landscape
Prominent players in the child-resistant containers market are Alpha Packaging, Berry Plastics Group, Inc., Gerresheimer AG, Origin Pharma Packaging, AptarGroup Inc., Berk Company, LLC., Pretium Packaging Corp., Amcor Ltd., Tim Plastics Inc., and Comar LLC., among others.
Growth Drivers in Child-resistant Containers Industry:
- Regulatory Compliance: Increasing emphasis on child safety regulations and stringent packaging standards is a significant driver for the growth of child-resistant containers. Manufacturers are compelled to adhere to these regulations, driving the demand for compliant packaging solutions.
- Rising Awareness: Growing awareness among consumers about the importance of child-resistant packaging for household products, pharmaceuticals, and personal care items is fueling the demand for such containers. This increased consciousness is driving manufacturers to invest in safer packaging solutions.
- Expanding Pharmaceutical Industry: The pharmaceutical sector, which often requires secure packaging to prevent accidental ingestion by children, is experiencing robust growth. This expansion is a key driver for the child-resistant containers market, as pharmaceutical companies seek reliable packaging solutions.
- E-commerce Boom: The surge in online retail and direct-to-consumer sales has increased the need for secure packaging to protect children from accessing potentially harmful products. Child-resistant containers play a vital role in meeting this demand, especially in industries like cosmetics and household chemicals.
- Innovation in Materials and Design: Continuous innovation in materials and container design to enhance child-resistant features is propelling market growth. Manufacturers are investing in research and development to create containers that are not only safe but also user-friendly for adults.
Competitive Landscape Analysis
The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact on the child-resistant containers market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.
It also provides a list of leading players and recent developments in the global child-resistant container market. Some of the prominent market players are Alpha Packaging, Berry Plastics Group, Inc., Gerresheimer AG, Origin Pharma Packaging, AptarGroup Inc., Berk Company, LLC., Pretium Packaging Corp., Amcor Ltd., Tim Plastics Inc., Comar LLC.
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Key Segments:
By Material Type:
- Plastic
- Polyethylene
- Polypropylene
- PET
- Metal
- Steel
- Aluminum
- Glass
- Others
By Capacity:
- <100 ml
- 200 ml to 500 ml
- 500 ml to 1000 ml
- 1000 ml to 2000 ml
- >2000 ml
By End Use:
- Pharmaceuticals
- Food & Beverages
- Home Care
- Personal Care & Cosmetics
- Chemicals
- Others
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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