Get In Touch

Over the past few years, rise in hazardous accidental cases among children has become a prime concern for manufacturers of medicinal products packaging. Hence, to decrease the mortality rate ratio, child-resistant closures has been developed by the manufacturers. Child resistant closures, one of the security purpose closures, signifies the last barrier, has an important part to play in solving the problems created between the infant and the packaged content. They are subjected to test methods which are enacted by the International Organization for Standardization (ISO) and the European Committee for Standardization (CEN).

Packaging manufacturers are aimed to produce closures with child resistant security in accordance with government regulations to prevent potential hazardous to children. Although, for this type of safety packaging, awareness among industries has been increased, knowledge about the subtleties and differences is often lacking. However, child-resistant closures has reduced child mortality from the accidental intake of oral prescription drugs. Henceforth, this million dollar industry is expected to register impressive CAGR near in the future.

Child-Resistant Closure Market: Drivers & Restraints

Child resistant closures market is expected to grow exponentially in the near future, primarily due to the growing awareness among consumers, rising demand for drug packaging in pharmaceutical industry are some of the major drivers of the global child-resistant closures market. Government regulatory procedures like FDA in some of the key nations has led a positive impact on this industry. Though the market seems optimistic in coming years, but preventing children from gaining easy access to medicinal products will not be easy to overcome. However, the global child-resistant closures market is expected to witness upward development during the forecast period 2016–2024, primarily due to rise in packaging industry. 

Child-Resistant Closure Market: Segmentation

On the basis of child-resistant closure type, the global child-resistant closure market is segmented into,

  • Reclosable child-resistant closure
  • Non-reclosable child-resistant closure

On the basis of types of caps, the global child-resistant closure market is segmented into,

  • Screw caps
  • ROPP caps
  • Snap on caps
  • Others

On the basis of packaging type, the global child-resistant closure market is segmented into,

  • Strip packs
  • Push and turn Caps
  • Turn and lift
  • Squeeze and turn
  • Others

Child-Resistant Closure Market: Region-wise outlook

On the basis of geography, the global child-resistant closures market is divided into five regions that includes North America, Europe, Asia pacific, Latin America and Middle East & Africa  Demands for child-resistant closures market is expected to generate from developed economies including North America and Europe as the United states of America was the first country to introduce this technology. Government concern towards providing healthcare solutions and key innovation driven by some of the major industry leaders in this region is expected to boost the overall sales of child-resistant closures in North America and Europe. More than 50% of the demand for child-resistant closures is expected to generate from North America and Europe. Asia pacific, Latin America and Middle East & Africa are in the next trail. 

Child-Resistant Closure Market: Key-Player

Some of the key market players in child-resistant closures are ABA Packaging Corp., Ace Paper Tube Corp, Berlin Packaging, Berry Plastics Corp., American Star Cork Co. Inc, Airlite Plastics Corp., All American Containers Inc., Cincinnati Container Co., Crown Packaging International Inc., Cobra Plastics Inc, Continental Glass & Plastic Inc., Glass Vials Inc. and many others.   

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Child Resistant Closure Market

Pre Book