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Child Resistant Packaging Market Trends

  • Report ID: GMI11793
  • Published Date: Oct 2024
  • Report Format: PDF

Child Resistant Packaging Market Trends

A significant trend in the child-resistant packaging market is the shift towards sustainability. Manufacturers are increasingly focused on reducing plastic use by incorporating renewable and recyclable materials into their designs. This effort aims to address both environmental concerns and regulatory demands for eco-friendly packaging. The use of less material while maintaining child-resistant standards reflects the industry's commitment to minimizing environmental impact. Additionally, there is growing interest in biodegradable alternatives that can break down naturally, reducing landfill waste. As consumers become more eco-conscious, brands are actively seeking ways to balance safety with environmental responsibility. Furthermore, regulatory bodies are setting stricter guidelines, pushing companies to adopt sustainable packaging solutions that meet both safety and environmental goals.
 

For instance, in June 2024, Keystone Folding Box Co. introduced the Push-Pak, a child-resistant paperboard blister wallet designed to reduce packaging size and use less material. The blister wallet also provides highest-possible F=1 child resistance while remaining easy to open for seniors and consumers with dexterity challenges. The paperboard-based packaging is both eco-friendly and highly secure, using up to 75% less plastic than traditional bottles. Its compact design is easy to open for seniors while ensuring maximum child safety.
 

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

The global market size for child-resistant packaging 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, driven by increasing safety regulations and awareness about accidental poisoning.

The caps & closures segment is expected to reach a value of over USD 10 billion by 2032, propelled by the rising consumption of pharmaceuticals, especially among the aging population.

North America held over 35% of the global market in 2023, driven by regulatory requirements, increasing pharmaceutical consumption, and heightened safety concerns.

Major players in the industry include Amcor, O.Berk Company, Origin Pharma Packaging, Parkway Plastics, Qosmedix, Sonic Packaging Industries, WestRock Company, and Winpak.

Child Resistant Packaging Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 290
  • Countries covered: 18
  • Pages: 220
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