Child Resistant Closures Market Size to Reach $3.44 Bn by 2028 | The Insight Partners

  • By Grand News Network
  • |
  • November 8, 2023

Pune, India, Nov. 08, 2023 (GLOBE NEWSWIRE) -- According to our new research study, titled "Child Resistant Closures Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Material, Closure Type, End Use, and Geography," the market is expected to grow from US$ 2.42 Billion in 2022 to US$ 3.44 Billion by 2028; it is expected to grow at a CAGR of 6.1% from 2022 to 2028.

Child resistant closures are used in packaging in numerous end use industries, such as pharmaceuticals and chemicals & fertilizers, to prevent accidental poisoning in children. The rising regulations for the implementation of child resistance packaging in numerous countries are driving the child resistant closures market growth. For instance, under the Poison Prevention Packaging Act, The United States Consumer Product Safety Commission (CPSC) dictates a set of rules concerning products commonly found in households, which has led to an increased number of end use industries to implement child resistant packaging. Novel markets such as cannabis-infused foods are further contributing to the market growth.

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Child Resistant Closures Market: Competition Landscape

Berry Global Inc.; AptarGroup, Inc.; O.Berk Company; CL Smith; Georg MENSHEN GmbH and Co. KG; Tecnocap S.p.A.; United Caps; Van Blarcom Closures Inc.; HEINLEIN PLASTIK-TECHNIK GMBH; and BERICAP are the prominent players operating in the global child resistant closures market.

Child Resistant Closures Market Report Scope, Segmentations, Regional & Country Scope:

Report Coverage Details
Market Size Value in USD 2.42 Billion in 2022
Market Size Value by USD 3.44 Billion by 2028
Growth rate CAGR of 6.1% from 2022 to 2028
Forecast Period 2022-2028

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