The child resistant closures market in North America is expected to grow from US$ 595.24 million in 2022 to US$ 901.06 million by 2028. It is estimated to grow at a CAGR of 7.2% from 2022 to 2028.
Burgeoning Adoption of Child Resistant Closures in Packaging to Avoid Accidental Poisoning
Children under six years old are the most vulnerable group at risk of drug poisoning as a few medicines appear attractive to them due to their distinct colors and small size. Adults need medicines for the treatment of chronic diseases that requires regular dosages. Some of them store medicinal drugs at home that can attract the attention of young children living in their homes; these drugs are usually colorful and small in size, so the children can easily insert them into their mouths. For instance, the US Consumer Product Safety Commission imposed the Poison Prevention Packaging Act in 1970. This law is focused on reducing unintentional poisoning caused by medications and common household products. The law requires that prescription medications, over-the-counter medications, hazardous materials, and other household products be packaged with child resistant packaging. Such stringent laws and regulations are urging manufacturers to use child resistant closures to protect children from accidental drug poisoning, thereby driving the growth of the child resistant closures market.
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Market Overview
North America is one of the prominent markets for child resistant closures due to the growth of the end-use industries across the region. The increasing emphasis on child health and wellbeing and the willingness of customers in the region to pay more for high-end products will help increase market share in the region. This region is showing more concern for child safety and adopting advanced child resistance packaging solutions to combat massive incidences of child poisoning, propelling the market’s growth. According to the National Centre of Biotechnology Information (NCBI), In the US alone, nearly 50,000 incidents of child poisoning cases are witnessed in children below the age of 6 years. To fight this issue, in 2015, the US Food and Drug Administration (US FDA) issued a notice, enforcing a law aimed at increasing the adoption of child-resistant packaging for products, such as chemicals, pharmaceutical products, nicotine items, including gels and dissolvable. Moreover, introducing new types of beverages in the region is expected to accelerate demand for its packaging products further in the near future. For instance, in April 2021, a joint venture between Molson Coors Beverage Company and HEXO Corp., named Truss CBD USA, introduced 5 types of CBD beverages in Canada. Two of these beverages, including ‘The House of Terpenes Valencene & Sparkling Tonic’ and ‘Mollo 5 Lime’, use glass bottle packaging with child-resistant crown closures, while the other 3 products are packaged in metal cans.
North America Child Resistant Closures Strategic Insights
Strategic insights for the North America Child Resistant Closures provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
Market leaders and key company profiles
ï‚· Berry Global Inc.
ï‚· AptarGroup, Inc.
ï‚· O.Berk Company
ï‚· CL Smith
ï‚· Georg MENSHEN GmbH & Co. KG
ï‚· Tecnocap S.p.A.
ï‚· United Caps
ï‚· Van Blarcom Closures Inc.
ï‚· HEINLEIN PLASTIK-TECHNIK GMBH
ï‚· BERICAP
North America Child Resistant Closures Regional Insights
The geographic scope of the North America Child Resistant Closures refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
North America Child Resistant Closures Market Segmentation
The North America child resistant closures market is segmented into material, closure type, end user, and country.
Based on material, the market is segmented into polypropylene, polyethylene, metal, and others. The polypropylene segment registered the largest market share in 2022. Based on closure type, the market is categorized into push and turn, squeeze and turn, and others. The push and turn segment held the largest market share in 2022. Based on end user, the North America child resistant closures market is segmented into pharmaceutical, household product, cosmetic and personal care, chemicals and fertilizer, food and beverage, and others. The pharmaceutical segment held the largest market share in 2022. Based on country, the market is segmented into the US, Canada, and Mexico. The US dominated the market share in 2022. Berry Global Inc.; AptarGroup, Inc.; O.Berk Company; Georg MENSHEN GmbH & Co. KG; Tecnocap S.p.A.; United Caps; HEINLEIN PLASTIK-TECHNIK GMBH; BERICAP; CL Smith; and Van BlarcomClosures Inc. are the leading companies operating in the child resistant closures market in the region.
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Author’s Bio
Akshay
Senior Market Research Expert at Business Market Insights
