The global market for child resistant packaging was valued at US$ 17,650.9 million in 2017. The global child resistant packaging market value is projected to expand at a CAGR of 6.1% during the forecast period, 2018-2026.
According to the ASTM Index Type, child resistant packaging is segmented into reclosable and non-reclosable packaging type. The child resistant packaging is segmented in the market on the basis of the type of packaging product. Some of them are caps & closure, blisters & clamshells, joint container tubes, bags & pouches, and cartons. The caps & closures are assumed as the first child resistant packaging products developed in the United States to stop children from ingesting hazardous drugs.
The important function of child resistant packaging is to prevent children from interacting with poisonous products and drugs. The child resistant packaging products are approved by the regulatory organizations that work in the field of child health care. The child resistant packaging products are tested by arranging a panel of children between 42-51 months and seniors above 60 years.
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The child resistant packaging is developed from four types of materials, namely, plastic, glass, metal, and paper. The plastic materials used in the child resistant packaging are polyethylene, polyethylene terephthalate, polystyrene, polypropylene, polyvinyl chloride, and ethylene vinyl alcohol. Plastic is the prominent material used in the child resistant packaging. The blisters & clamshells, caps & closure, pouches & bags, and joint container tubes are manufactured from it.
In the global child resistant packaging market, glass material is expected to lose the market share during the forecast period. The global child resistant packaging is used by end-user industries such as pharmaceuticals, food & beverages, cosmetics, homecare, chemical & fertilizers, automotive, cannabis, and tobacco (e-cigarette). In the pharmaceutical industry, child resistant packaging is compulsory for over the counter (OTC) drugs and prescribed medications. Due to this, the pharmaceutical industry is the noticeable end-user for child resistant packaging.