The global sales of child resistant dropper caps are estimated to be worth USD 1.3 billion in 2021 and are anticipated to reach a value of USD 2.4 billion by 2031. Sales are projected to rise at a CAGR of 6.6% over the forecast period between 2021 and 2031. The revenue generated by child resistant dropper caps in 2020 was USD 1.2 billion.
A key factor that has driven growth in the child resistant dropper caps market includes increasing regulatory requirements on the safety of children in the pharmaceutical and healthcare segments. Greater awareness among consumers about the safety features of packaging further accelerates the demand for them, as parents and caregivers are increasingly inclined to handle products in a secure way.
The trend towards sustainability is also influencing the market segment in developing eco-friendly and recyclable dropper caps. More to this, the design and material technology advancements are adding to the usability and effectiveness while driving innovation. The increase in dropper caps-adoption in personal care and wellness products boosts the market growth by considering the broader trend related to the safety and comfort of packaging solutions.
Global Child Resistant Dropper Caps Industry Assessment
| Attributes | Key Insights |
|---|---|
| Historical Size, 2020 | USD 1.2 billion |
| Estimated Size, 2021 | USD 1.3 billion |
| Projected Size, 2031 | USD 2.4 billion |
| Value-based CAGR (2021 to 2031) | 6.6% |
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Dangerous drugs must be stored in the proper container to ensure the safety of children. Certain aspects of child-resistant packaging, or packaging that stops children from obtaining the contents within, enable adult’s access but prevent children from doing so.
Child-Resistant packaging equipment, such as dropper caps, are receiving more attention. Pharmaceutical packaging producers are increasingly focusing on child-resistant container types like droppers and caps. According to the European Child Safety Alliance, every year in Europe, 3,000 children under the age of 14 die from acute poisoning after acquiring access to pharmaceutical items.
Furthermore, according to the WHO, poisoning was responsible for 4% of global child injury deaths (0-17 years of age) in 2018. As a result, corporations are concentrating on the creation of child-resistant packaging, such as droppers caps. More advancements are projected to open up new growth potential for the global dropper caps market.
The advent of technology has accelerated the development of a less expensive and biodegradable replacement to the materials used in droppers and caps. Traditional plastic, such as PET, is a petroleum derivative, which makes it not only expensive but also increases greenhouse gas emissions.
Though bioplastics are more expensive than petroleum-based plastics, they can be made at lower temperatures with a steady supply of biomass, making them a viable material for developing environmentally responsible and cost-effective dropper caps.
Sugarcane ethanol has made a debut into the droppers and caps market as a formidable substitute for traditional plastics and an alternative to petroleum-derived plastics. Dropper caps made of bioplastics have a competitive advantage in terms of carbon emissions, and this might be considered as an environmentally friendly strategy for manufacturers.
The global child resistant dropper caps market is expected to rise steadily throughout the projected period, owing to an increase in demand for OTC (over-the-counter) pharmaceuticals. Increased knowledge of biodegradable solutions for droppers and caps is projected to promote this expansion.
Principal Consultant
The cosmetic packaging market has undergone slight modifications in trends during the last decade. With the rising popularity of essential oils and other cosmetics such as foundations and face tints, the demand for droppers has skyrocketed into the cosmetics business.
To find new growth opportunities, key industry players in the dropper and caps market are venturing into the cosmetics sector, particularly in the hair care, nail care, and skin care categories. With the cosmetics business focusing on usefulness, glamour, and practicality, new and visually appealing dropper bottles and caps are being viewed as a strategy for enticing customers and increasing sales.
Cosmetologists are adhering to the dictum of successful formula integration in various cosmetic goods, as well as their simple administration via dropper bottles, ensuring that the dropper market continues to expand and thrive.
Furthermore, because droppers allow users to manage the amount of cosmetic product they apply, cosmetics supplied in dropper bottles are becoming increasingly popular.
Furthermore, cosmetics manufacturers are taking use of the availability of diverse materials to create child resistant dropper caps, which is predicted to push the dropper caps market sales.
are some of the prominent players listed across the value chain of the child resistant dropper caps market.
Virospack's CRC and tamper-resistant solutions have taken the packaging market to next level. In June 2019, their safe droppers have received child-resistant certification from the Code of Federal Regulations. The development of the magnetic dropper with a magnetic seal is another notable progression in their unique techniques that has propelled them to the pinnacles of success.
The proprietary and unique sealing system is based on the magnetism of the four poles. This substitutes the standard screw-on method in a clever way. Virospack's inventions have turned the competitive scales in its favor and gain maximum market share in the child resistant dropper caps market.
To acquire broader coverage, the producers have streamlined their supply chain network with modern trade channels, pharmaceutical outlets, and an online channel. The market is moderately fragmented, with a large number of regional firms competing on the basis of low-cost child-resistant dropper caps.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Child Resistant Dropper Caps Market
