Rising Government Regulations to Boost the Child Resistant Closure Market
In 2018, the global child resistant closures market was valued at US$ 1.60 Bn and expected to grow with a CAGR of 6.7% during the forecast period from 2019 to 2027. Child resistant closure market is growing due to worldwide increase in accidental drug intoxication cases among children below 5 years of age. To decrease these accidental cases government is taking initiatives to apply rules for child resistant packaging. For instance, in the U.S., the Poison Prevention Packaging Act (PPPA) listed some special products that should be packed with child resistant closures. Further, these products includes chemicals & cosmetics products, mouthwash products, and drugs & dietary supplements among others. As a result of aforementioned factors, we expect that the child resistant closures will show healthy growth throughout the forecast period.
Pharmaceuticals segment to remain the largest segment During the Forecast Period
Based on end-user type, the child resistant closure market is segmented into pharmaceuticals, household & personal care, chemicals & fertilizers and food & beverage. Pharmaceuticals segment has the largest share in the market, accounting for more than 50% of the total market revenue. Pharmaceuticals has the largest share owing to compulsory child resistant packaging for prescribed and over the counter (OTC) drugs. Strict regulations by healthcare and drug regulatory organizations is the major factor for pharmaceutical industry dominance in child resistant closures market. Therefore, we expect that the pharmaceuticals industry will continue lead the child resistant closure market throughout the forecast period.
North America to Remain Highest Revenue Contributor throughout the Forecast Period
North America was the leader in child resistant closures market accounted for more than 1/3rd of the market share in 2018. High regional market share is attributed to strict rules and regulations for child resistant packaging. Growth of pharmaceutical industry and government’s regulations to protect children’s from unintentional accidental poisoning, are the major growth drivers for child resistant closures market in the region. Wide application of child resistant closures in North America for different industries such as cosmetics, household, food & beverage, and pharmaceutical is another growth driver for the market. Due to these factors, we expect that North America region will be the leader during the forecast period.
Some of the prominent players operating in the child resistant closures market Amcor plc., Ecobliss, Global Closure Systems, ABA Packaging Corporation, Ace Paper Tube Corporation, WestRock, Berlin Packaging, Berry Global, Inc., Airlite Plastics , Cincinnati Container Co., Crown Packaging International Inc., Cobra Plastics Inc., and Glass Vials Inc. among others.
Historical & Forecast Period
This research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
The child resistant closures market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global child resistant closures market based on closure type, tamper evidence type, material type, end-user type and geography. Key segments covered in the report are as follows:
ATTRIBUTE | DETAILS |
---|---|
Research Period | 2017-2027 |
Base Year | 2018 |
Forecast Period | 2019-2027 |
Historical Year | 2017 |
Unit | USD Billion |
Segmentation |
Closure Type (2019–2027; US$ Bn) |
Tamper Evidence Type (2019–2027; US$ Bn) |
|
Material Type (2019–2027; US$ Bn) |
|
End-User Type (2019–2027; US$ Bn) |
|
Geography Segment (2019–2027; US$ Bn) |
Key questions answered in this report
Unique data points of this report
1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation
2. Executive Summary
2.1. Market Snapshot: Global CRC Market
2.2. Global CRC Market, by Closure Type, 2018 (US$ Bn)
2.3. Global CRC Market, by Tamper Evidence Type, 2018 (US$ Bn)
2.4. Global CRC Market, by Material Type, 2018 (US$ Bn)
2.5. Global CRC Market, End-User Type, 2018 (US$ Bn)
2.6. Global CRC Market, by Geography, 2018 (US$ Bn)
3. Market Dynamics
3.1. Introduction
3.1.1. Global CRC Market Value, 2017-2027, (US$ Bn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players
4. Global Child Resistant Closures (CRC) Market, by Closure Type , 2017-2027 (US$ Bn)
4.1. Overview
4.2. Push & Turn
4.3. Squeeze & Turn
4.4. Dropper Caps
5. Global Child Resistant Closures (CRC) Market, by Tamper Evidence Type , 2017-2027 (US$ Bn)
5.1. Overview
5.2. Tamper Evident
5.3. Non-Tamper Evident
6. Global Child Resistant Closures (CRC) Market, by Material Type , 2017-2027 (US$ Bn)
6.1. Overview
6.2. Polypropylene
6.3. Polystyrene
6.4. Polyethylene
6.5. Others (Metals, PVC, etc.)
7. Global Child Resistant Closures (CRC) Market, End-User Type, 2017-2027 (US$ Bn)
7.1. Overview
7.2. Pharmaceuticals
7.3. Household & Personal Care
7.4. Chemicals & Fertilizers
7.5. Food & Beverage
8. North America Child Resistant Closures (CRC) Market Analysis, 2017-2027 (US$ Bn)
8.1. Overview
8.1.1. North America CRC Market Value and Growth, 2017-2027, (US$ Bn)
8.2. North America CRC Market Value, By Closure Type, 2017-2027 (US$ Bn)
8.2.1. Market Analysis
8.3. North America CRC Market Value, Tamper Evidence Type, 2017-2027 (US$ Bn)
8.3.1. Market Analysis
8.4. North America CRC Market Value, Material Type, 2017-2027 (US$ Bn)
8.4.1. Market Analysis
8.5. North America CRC Market Value, End-User Type, 2017-2027 (US$ Bn)
8.5.1. Market Analysis
8.6. North America CRC Market Value, By Region/Country, 2017-2027 (US$ Bn)
8.6.1. Market Analysis
8.6.2. U.S.
8.6.3. Rest of North America
9. Europe Child Resistant Closures (CRC) Market Analysis, 2017-2027 (US$ Bn)
9.1. Overview
9.1.1. Europe CRC Market Value and Growth, 2017-2027, (US$ Bn)
9.2. Europe CRC Market Value, By Closure Type, 2017-2027 (US$ Bn)
9.2.1. Market Analysis
9.3. Europe CRC Market Value, By Tamper Evidence Type, 2017-2027 (US$ Bn)
9.3.1. Market Analysis
9.4. Europe CRC Market Value, By Material Type, 2017-2027 (US$ Bn)
9.4.1. Market Analysis
9.5. Europe CRC Market Value, End-User Type, 2017-2027 (US$ Bn)
9.5.1. Market Analysis
9.6. Europe CRC Market Value, By Region/Country, 2017-2027 (US$ Bn)
9.6.1. Market Analysis
9.6.2. U.K.
9.6.3. Germany
9.6.4. France
9.6.5. Rest of Europe
10. Asia Pacific Child Resistant Closures (CRC) Market Analysis, 2017-2027 (US$ Bn)
10.1. Overview
10.1.1. Asia Pacific CRC Market Value and Growth, 2017-2027, (US$ Bn)
10.2. Asia Pacific CRC Market Value, By Closure Type, 2017-2027 (US$ Bn)
10.2.1. Market Analysis
10.3. Asia Pacific CRC Market Value, By Tamper Evidence Type, 2017-2027 (US$ Bn)
10.3.1. Market Analysis
10.4. Asia Pacific CRC Market Value, By Material Type, 2017-2027 (US$ Bn)
10.4.1. Market Analysis
10.5. Asia Pacific CRC Market Value, End-User Type, 2017-2027 (US$ Bn)
10.5.1. Market Analysis
10.6. Asia Pacific CRC Market Value, By Region/Country, 2017-2027 (US$ Bn)
10.6.1. Market Analysis
10.6.2. Japan
10.6.3. China
10.6.4. India
10.6.5. Rest of Asia Pacific
11. Rest of the World Child Resistant Closures (CRC) Market Analysis, 2017-2027 (US$ Bn)
11.1. Overview
11.1.1. Rest of the World CRC Market Value and Growth, 2017-2027, (US$ Bn)
11.2. Rest of the World CRC Market Value, By Closure Type, 2017-2027 (US$ Bn)
11.2.1. Market Analysis
11.3. Rest of the World CRC Market Value, By Tamper Evidence Type, 2017-2027 (US$ Bn)
11.3.1. Market Analysis
11.4. Rest of the World CRC Market Value, By Material Type, 2017-2027 (US$ Bn)
11.4.1. Market Analysis
11.5. Rest of the World CRC Market Value, End-User Type, 2017-2027 (US$ Bn)
11.5.1. Market Analysis
11.6. Rest of the World CRC Market Value, By Region, 2017-2027 (US$ Bn)
11.6.1. Market Analysis
11.6.2. Middle East & Africa
11.6.3. Latin America
12. Company Profiles
12.1. Amcor Plc.
12.2. Ecobliss
12.3. Global Closure Systems
12.4. ABA Packaging Corporation
12.5. Ace Paper Tube Corporation
12.6. WestRock
12.7. Berlin Packaging
12.8. Berlin Global Inc.
12.9. Airlite Plastics
12.10. Cincinnati Container Company
12.11. Crown Packaging International Inc.
12.12. Cobra Plastic Inc.
12.13. Glass Vials Inc.
* Here we are using CRC as a short form of Child Resistant Closures
TABLE 1 Market Snapshot: Global Child Resistant Closures (CRC) Market
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 Global CRC Market, by Closure Type, 2017–2027 (US$ Bn)
TABLE 5 Global CRC Market, by Tamper Evidence Type, 2017–2027 (US$ Bn)
TABLE 6 Global CRC Market, by Material Type, 2017–2027 (US$ Bn)
TABLE 7 Global CRC Market, by End-User Type, 2017–2027 (US$ Bn)
TABLE 8 Global CRC Market, by Geography, 2017–2027 (US$ Bn)
TABLE 9 North America CRC Market, by Closure Type, 2017–2027 (US$ Bn)
TABLE 10 North America CRC Market, by Tamper Evidence Type, 2017–2027 (US$ Bn)
TABLE 11 North America CRC Market, by Material Type, 2017–2027 (US$ Bn)
TABLE 12 North America CRC Market, by End-User Type, 2017–2027 (US$ Bn)
TABLE 13 North America CRC Market, by Country, 2017–2027 (US$ Bn)
TABLE 14 Europe CRC Market, by Closure Type, 2017–2027 (US$ Bn)
TABLE 15 Europe CRC Market, by Tamper Evidence Type, 2017–2027 (US$ Bn)
TABLE 16 Europe CRC Market, by Material Type, 2017–2027 (US$ Bn)
TABLE 17 Europe CRC Market, by End-User Type, 2017–2027 (US$ Bn)
TABLE 18 Europe CRC Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 19 Asia Pacific CRC Market, by Closure Type, 2017–2027 (US$ Bn)
TABLE 20 Asia Pacific CRC Market, by Tamper Evidence Type, 2017–2027 (US$ Bn)
TABLE 21 Asia Pacific CRC Market, by Material Type, 2017–2027 (US$ Bn)
TABLE 22 Asia Pacific CRC Market, by End-User Type, 2017–2027 (US$ Bn)
TABLE 23 Asia Pacific CRC Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 24 Rest of the World CRC Market, by Closure Type, 2017–2027 (US$ Bn)
TABLE 25 Rest of the World CRC Market, by Tamper Evidence Type, 2017–2027 (US$ Bn)
TABLE 26 Rest of the World CRC Market, by Material Type, 2017–2027 (US$ Bn)
TABLE 27 Rest of the World CRC Market, by End-User Type, 2017–2027 (US$ Bn)
TABLE 28 Rest of the World CRC Market, by Region, 2017–2027 (US$ Bn)
FIG. 1 Global Child Resistant Closures (CRC) Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global CRC Market Segmentation
FIG. 4 Global CRC Market, by Closure Type, 2018 (US$ Bn)
FIG. 5 Global CRC Market, by Tamper Evidence Type, 2018 (US$ Bn)
FIG. 6 Global CRC Market, by Material Type, 2018 (US$ Bn)
FIG. 7 Global CRC Market, by End-User Type, 2018 (US$ Bn)
FIG. 8 Global CRC Market, by Geography, 2018 (US$ Bn)
FIG. 9 Attractive Investment Proposition, by Geography, 2018
FIG. 10 Global Market Positioning of Key CRC Market Manufacturers, 2018
FIG. 11 Global CRC Market Value Share, by Closure Type, 2018 & 2027 (Value %)
FIG. 12 Global Push & Turn Market, 2017–2027 (US$ Bn)
FIG. 13 Global Squeeze & Turn SMA Market, 2017–2027 (US$ Bn)
FIG. 14 Global Dropper Caps SMA Market, 2017–2027 (US$ Bn)
FIG. 15 Global CRC Market Value Share, by Tamper Evidence Type, 2018 & 2027 (Value %)
FIG. 16 Global Tamper Evident Market, 2017–2027 (US$ Bn)
FIG. 17 Global Non-Tamper Evident Market, 2017–2027 (US$ Bn)
FIG. 18 Global CRC Market Value Share, by Material Type, 2018 & 2027 (Value %)
FIG. 19 Global Polypropylene Market, 2017–2027 (US$ Bn)
FIG. 20 Global Polystyrene Market, 2017–2027 (US$ Bn)
FIG. 21 Global Polyethylene Market, 2017–2027 (US$ Bn)
FIG. 22 Global Others (Metals, PVC, etc.) Market, 2017–2027 (US$ Bn)
FIG. 23 Global CRC Market Value Share, by End-User Type, 2018 & 2027 (Value %)
FIG. 24 Global Pharmaceuticals Market For CRC, 2017–2027 (US$ Bn)
FIG. 25 Global Household & Personal Care Market For CRC, 2017–2027 (US$ Bn)
FIG. 26 Global Chemicals & Fertlizers Market For CRC, 2017–2027 (US$ Bn)
FIG. 27 Global Food & Beverage Market For CRC, 2017–2027 (US$ Bn)
FIG. 28 North America CRC Market, 2017–2027 (US$ Bn)
FIG. 29 Europe CRC Market, 2017–2027 (US$ Bn)
FIG. 30 Asia Pacific CRC Market, 2017–2027 (US$ Bn)
FIG. 31 RoW CRC Market, 2017–2027 (US$ Bn)