Child Resistant Closure Market Size & Share, by Closure Type (Strip Packs, Push & Turn, Squeeze & Turn, Dropper Caps); Material Type (Polypropylene, Low-Density Polyethylene, High-Density Polyethylene); End-user (Food & Beverages, Cosmetics & Personal Care, Pharmaceuticals, Chemicals & Fertilizers, Automotive, Home Care & Toiletries, Cannabis, Tobacco) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2033

  • Report ID: 309
  • Published Date: Feb 13, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023-2033

Child Resistant Closure Market size is poised to cross USD 48 Billion by the end of 2033, growing at a CAGR of 10% during the forecast period, i.e., 2023-2033. In the year 2022, the industry size of child resistant closure was over USD 25 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

Base Year

2022

Forecast Year

2023-2033

CAGR

10%

Base Year Market Size (2022)

USD 25 Billion

Forecast Year Market Size (2033)

USD 48 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of Middle East and Africa)
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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:

        By Closure Type

  • Strip Packs
  • Push & Turn
  • Squeeze & Turn
  • Dropper Caps

       By Material Type

  • Polypropylene
  • Low-Density Polyethylene
  • High-Density Polyethylene

         By End-User

  • Food & Beverages
  • Cosmetics & Personal Care
  • Pharmaceuticals
  • Chemicals & Fertilizers
  • Automotive
  • Home Care & Toiletries
  • Cannabis
  • Tobacco

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Child Resistant Closure Industry - Regional Synopsis

North America Market Forecast

The North America child resistant closure market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2033. 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.

Research Nester
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Companies Dominating the Child Resistant Closure Landscape

top-features-companies
    • 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.

In-the-news

In The News

  • O.Berk Company, L.L.C. has acquired E.D. Luce Packaging, a wholesale distributor of bottles, jars, vials, containers, and prescription packaging.

  • 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:  Sadaf Naaz, Mohd Shadab


  • Report ID: 309
  • Published Date: Feb 13, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Rising use of zip lock bags in packaging, increase in certified child proof packaging, and boost in healthcare industry are some major factors driving the growth of the market.

The market is anticipated to attain a CAGR of 10% over the forecast period, i.e., 2023-2033.

High manufacturing cost of child resistance closure, increasing cost of raw materials, and stringent governmental policies are estimated to hamper the market growth.

The market in North America is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.

The major players in the market are Berry Global Inc., ABA Packaging Corporation, Silgan Plastics LLC, BERICAP Holding GmbH, APTARGROUP, INC., Sun Grown Packaging, and others.

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by closure type, material type, end-user, and by region.

The polypropylene segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
Child Resistant Closure Market Report Scope
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