Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Child Resistant Closure Market size was valued at USD 30.17 billion in 2024 and is likely to cross USD 102.93 billion by 2037, expanding at more than 9.9% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of child resistant closure is assessed at USD 35.14 billion.
The growth of the market is primarily attributed to reducing the risk of child poisoning by the ingestion of potentially dangerous items such as medications, household chemicals, and cosmetics. According to the Centers for Disease Control and Prevention, in the United States, each year, nearly 50,000 cases of child poisoning are reported in young children.
The rise in dangerous accidental cases among children has become a major concern for pharmaceutical product packaging manufacturers in recent years. As a result, in order to reduce the mortality ratio, government bodies imposed stringent regulations requiring the use of child resistant closures on products whose consumption is estimated to endanger children's health.
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Child Resistant Closure Sector: Growth Drivers and Challenges
Growth Drivers
- Rising Use of Zip Lock Bags in Packaging – a zip lock bag, also known as a zipper bag, is a low-cost, flexible rectangular storage bag made of polyethylene or a nearly identical plastic that is sealed and opened repeatedly, either by a slider that works similarly to a zip fastener or by pinching all together two sides of a mechanical sealing mechanism. Such small steps by manufacturers and stringent norms by the government are expected to boost the child-resistant closure market in the upcoming years. It was found that in August 2022, India has become the largest exporter of zip lock bags in the world with a record number of shipments of nearly 14,780.
- Boost in the Healthcare industry – for instance, the worldwide healthcare industry is estimated to garner a significant revenue of approximately USD 60 Billion in the year 2022.
- Worldwide Boost in Cosmetic Industry – for instance, the global cosmetic industry is expected to reach USD 462 billion by 2027.
- Increasing Trend of Urbanization - according to the figures provided by the World Bank, currently, the world's population living in cities is estimated to rise more than double to 6 billion by 2045.
Challenges
- Stringent Regulatory Policies - child-resistant packaging (CRP), in general, is associated with medical containers. Regulatory bodies worldwide have set standards and hold industries responsible for creating safe and secure packaging and adopting practices needed to develop child-resistant packaging.
- High Manufacturing Cost of Child Resistance Closure
- Increasing Cost of Raw Materials
Child Resistant Closure Market: Key Insights
| Report Attribute | Details |
|---|---|
|
Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
9.9% |
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Base Year Market Size (2024) |
USD 30.17 billion |
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Forecast Year Market Size (2037) |
USD 102.93 billion |
|
Regional Scope |
|
Child Resistant Closure Segmentation
Material Type (Polypropylene, Low-Density Polyethylene, High-Density Polyethylene)
The global child resistant closure market is segmented and analyzed for demand and supply by material type into polypropylene, low-density polyethylene, and high-density polyethylene. Out of these, the polypropylene segment is anticipated to grow at a significant rate over the forecast period, backed by the rising production of polypropylene owing to its inexpensiveness, and chemical properties that make it more suitable for manufacturing varied types of caps, closures, and pouches. For instance, the global market volume of polypropylene is expected to touch around 100 million metric tons by 2029.
Our in-depth analysis of the global child resistant closure market includes the following segments:
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By Closure Type |
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By Material Type |
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By End-User |
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Vishnu Nair
Head - Global Business DevelopmentCustomize this report to your requirements — connect with our consultant for personalized insights and options.
Child Resistant Closure Industry - Regional Synopsis
North America Market Forecast
North America industry is anticipated to hold largest revenue share of 35% by 2037, backed by the significantly increasing awareness for child resistance closures, growth of the pharmaceuticals industry, increasing demand for better packaging of medicines, and a notable boost in spending on medicines in the region. For instance, in the United States, people spent nearly USD 578 billion on medicines in 2021.
Companies Dominating the Child Resistant Closure Landscape
- O.Berk Company, L.L.C.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Berry Global Inc.
- ABA Packaging Corporation
- Silgan Plastics LLC
- Bericap Holding GmbH
- Aptargroup, Inc.
- Sun Grown Packaging
- C.L. Smith Company
- Airlite Plastics Co.
- Blackhawk Molding Co, Inc.
Recent Developments
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O.Berk Company, L.L.C. has acquired E.D. Luce Packaging, a wholesale distributor of bottles, jars, vials, containers, and prescription packaging.
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Berry Global Inc. launched a child-resistant closure PalmSoft that enables consumers with arthritis to grip it more easily. This child-resistant closure provides an exceptional value with its innovative design and distinct feel, making it a great fit for beauty and personal care sector.
Author Credits: Abhishek Anil
- Report ID: 309
- Published Date: Dec 20, 2024
- Report Format: PDF, PPT
