Child Resistant Packaging Market Size

The global child resistant packaging market was valued at USD 24.9 billion in 2023 and is estimated to grow at a CAGR of over 6.5% from 2024 to 2032. The market is growing due to increasing safety regulations and awareness about accidental poisoning, especially in households with children.

Governments and regulatory bodies, like the U.S. Consumer Product Safety Commission (CPSC), have implemented stringent guidelines mandating the use of child-resistant closures for pharmaceuticals, chemicals, and hazardous household products. These regulations are propelling demand for innovative, effective packaging solutions that ensure product safety without compromising ease of use for adults.

The global pharmaceutical industry is expanding rapidly due to factors like an aging population, increased prevalence of chronic diseases, and rising healthcare access in developing regions. As more medications are developed and distributed, the use of packaging that ensures safety and prevents accidental ingestion by children becomes critical. This growth in pharmaceutical production and consumption fuels the need for child-resistant packaging solutions to meet global safety standards. For instance, in April 2024, SnapSlide introduced the first no-torque, child-resistant caps, offering an adaptive packaging solution. SnapSlide's ergonomic design features a patented, sliding, two-step opening procedure that allows for single-handed opening and closing while maintaining child resistance.