Child Resistance Packaging Market at 4% CAGR : New Study By MRFR Offers Insights for 2015 – 2023

Market Research Future published a research report on “Child Resistance Packaging Market Research Report- Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Global Child Resistance Packaging Market Information by Type (Reclosable Packaging, Non-reclosable Packaging, Special Blister Packaging), By End-Use (Personal Care, Chemicals, Pharmaceuticals) and By Region – Forecast to 2023

 

Market Synopsis of Child Resistance Packaging Market: 

Child resistance packaging is the type of packaging, which is difficult for a child younger than 52 months to open within a reasonable period. The objective of child resistance packaging is to keep children away from harmful products. 

The major factors driving the growth of child resistance packaging market are rising urbanization and the rising awareness among the customers towards the use of better packaging, especially in the pharmaceutical industry. The introduction of stringent policies regarding the packaging of toxic items and certain household items such as medicines, spray products for pharmaceuticals, chemicals, & cleaning products, is further expected to drive child resistance packaging market. 

The child resistance packaging market is expected to grow with 4% CAGR during the forecast period.

 

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The global child resistance packaging market is majorly driven by the rise in information among the consumers and the increase in demand for the efficient packaging of drugs in the pharmaceutical industry. The introduction and implementation of government regulatory procedures such as those by the Food and Drug Administration, in many nations, is also leading to the growth of the industry.  Child resistance packaging has also led to the reduced child mortality rate caused by the accidental intake of oral prescription drugs, thereby, leading to the growth of the child resistance packaging market. 

Geographically, child resistance packaging market has been segmented as North America, Asia-Pacific, Europe and Rest of the world.  Europe region is dominating the market due to existence of a large number of pharmaceutical companies in the region. The European Union is also imposing stringent rules and regulations for adoption of child resistance packaging to prevent harm to children from various harmful drugs and chemicals. The Asia-Pacific region is expected to grow significantly during to forecast period, with the boom in the pharmaceutical industry here. In North America region, child resistance packaging market is expected to grow, owing to the regulations passed by the government such as the Poison Prevention Packaging Act. The purpose of this act is to reduce the chances for children to access substances resulting in accidental poisoning.

 

Key Players 

The key players of global Child resistance packaging market include Sun Grown Packaging (U.S.), O.Berk Company, LLC (U.S.), MJS Packaging Inc (U.S.), Kaufman Container (U.S.),   Mold-Rite Plastics, LLC (U.S.), Amcor Limited (Australia), Bemis Company, Inc. (U.S.), Ecobliss B.V. (Netherlands), Global Closure System (France), and WestRock Company (U.S.) .

 

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BRIEF TOC:

  1. EXECUTIVE SUMMARY
  2. RESEARCH METHODOLOGY
  3. MARKET DYNAMICS
  4. GLOBAL MARKET SEGMENTATION
  5. REGIONAL MARKET ANALYSIS
  6. COMPETITIVE ANALYSIS
  7. CONCLUSION
  8. LIST OF TABLES
  9. LIST OF FIGURES

 

The report for Global Child Resistance Packaging market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

 

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