The net worth of the total child resistant locking pouches market sold globally in 2022 was estimated to be around USD 1,231.4 million. The global child resistant locking pouches market is expected to be valued at USD 1,307.75 million in 2023. Child-resistant/adult-friendly package testing is gaining prominence due to the high incidence of accidental child poisonings across the globe.
The demand for child resistant locking pouches is projected to record a CAGR of 6.2% between 2023 and 2033, totaling around 2,386.54 million by 2033.
Child-resistant packaging, often called CR packaging is a special packaging that manufacturers utilize to minimize the risk of children consuming hazardous materials. Child-resistant packaging for pharmaceuticals is made to be difficult to open. However, manufacturers designed it so that most adults can access the contents of the package.
Package testing helps to determine if adults with disabilities and aged adults can access the packaging or not. Generally, manufacturers implement child-resistant packaging by using a safety cap. Safety regulation often requires the packaging of pharmaceuticals to include such caps.
Prescription drugs, drugs sold over the counter, opioids, and nicotine-containing consumables commonly come in such packaging. Besides caps and closures, blister packaging and even cartons have child-resistant variations.
Nowadays, apart from protecting products from the external environment, packaging has been used by consumers and manufacturers for increasing shelf life, storage, and various other applications. Commonly, consumers use child resistant locking pouches for storing medicines, detergents, and edible products.
Child resistant locking pouches are opaque and have high barrier properties to avoid any leakage of harmful products into the environment. Manufacturers are using food-safe, FDA-approved, high-barrier materials to increase the scope of usage for child-resistant locking pouches.
Report Attributes or Data Points | Details |
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Global Child Resistant Locking Pouches Market Valuation in 2022 | USD 1,231.4 million |
Estimated Global Market Share in 2023 | USD 1,307.75 million |
Forecasted Global Market Size by 2033 | USD 2,386.54 million |
Projected Global Market Growth Rate from 2023 to 2033 | 6.2% CAGR |
Historical Market Growth Rate from 2018 to 2022 | 4.4% CAGR |
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The global demand for child resistant locking pouches is projected to increase at a CAGR of 6.2% during the forecast period, reaching a total of USD 2,389.54 million by 2033, according to a report from Future Market Insights (FMI). From 2018 to 2022, sales witnessed significant growth, registering a CAGR of 4.4%.
Over the years, CRP has moved to the forefront of manufacturers’ and packaging designers’ minds, with the market for child-safe solutions expected to double by 2033. However, the documented risks of unregulated medical and cosmetic packaging may restrain the market growth to some extent.
To secure the future of the child-safe packaging market, prominent manufacturers are collaborating with regulatory bodies and education services to plug the gaps in design standards, awareness, and development of safe and secure products. These factors are likely to propel market growth over the coming decade.
Increasing Applications in End-use Industries like Pharmaceutical & F&B to Drive Market Growth
The key driver for the resistant locking pouches market is the need to eliminate accidental ingestion of poisonous materials by children. The availability of child-resistant locking pouches in various materials and sizes has increased its application area, boosting growth in the child resistant locking pouches market.
Child resistant locking pouches have replaced rigid containers and reduced the need for raw materials, thereby reducing the carbon footprint of the manufacturers. Innovations in child-resistant locking pouches, such as tamper-proofing, labeling, use of metalized films for increasing barrier properties, and extra safety measures, are increasing consumer attractiveness and supporting the growth in the child-resistant pouches market.
Associated Health Risks of Locking Pouches May Impede the Market Expansion
The threat of accidental ingestion by children isn't new, and regulatory bodies worldwide have long acted to set standards and hold industries responsible for creating safe and secure packaging.
These involve global efforts, such as the World Health Organization (WHO)'s 'poison centers,' which are dedicated to offering education on accidental poisoning, and the EU 'Classification, Labelling and Packaging' regulations offering the latest advice, technologies and best practice needed to develop child-resistant packaging.
In the United Kingdom, Public Health England's 2018 campaign aimed to tackle findings that accidental poisoning is among the top three causes of death in children under five. The campaign targeted the top causes of unintentional injury among children - including poisoning, choking, and burning - and provided key education on prevention.
However, despite increasing efforts to constrain access to toxic substances, poisoning remains a prominent threat - with over 3,000 children under 14 dying each year because of accidental poisoning. Owing to these factors, the market growth of child-resistant locking pouches is likely to be hampered over the years.
Soaring Consumption of Fried & Packaged Food Products is Projected to Elevate Regional Demand
In terms of geographic divisions, North America is expected to capture a huge proportion of total sales, accounting for a 34% share in child-resistant locking pouches in 2022. According to Future Market Insights analysis, the region is estimated to witness moderate growth over the forecast period. This market growth is attributed to rising consumer awareness regarding the storage of chemicals and other harmful products.
The cannabis industry's growth in North America may help to increase the demand for child-resistant joint container tube bags & pouches. Consistent efforts of nations to increase domestic pharmaceutical manufacturing are boosting the healthcare industry in the North American region.
As per the recent analysis, FDA approves a drug product and labels it as CRP, CRC, or CR to identify the product. Since healthcare professionals and consumers may not be able to determine on visual inspection whether the packaging is child-resistant, a labeling statement may help to identify this attribute. These factors are likely to fuel the market sales of child resistant locking pouches in the region.
Regional Market Comparison | Global Market Share in Percentage |
---|---|
North America | 34% |
Europe | 22% |
Lenient Approval Standards by Several Governments to Burgeon Demand for CRP Labelling
Based on Future Market Insight's recent analysis, Europe is the second-leading region in revenue share, accounting for nearly 22% share of the child-resistant locking pouches market in 2022. European nations like Germany and the United Kingdom are projected to hold vital opportunities and generate the highest revenue share in the child resistant locking pouches market.
European companies in the child resistant packaging market are capitalizing on this opportunity to prevent accidental child poisonings at home due to the closure and virtual shift of daycare.
Brands are gaining cognizance of this issue and increasing efforts to incorporate child-resistant packaging during product launches and modernize existing products similarly. The demand for child resistant locking pouches is estimated to increase over the years in the region.
Rising Disposable Income May Act as a Principal Growth Driver
According to Future Market Insights, Asia Pacific is one of the most significant regions based on the child resistant locking pouches market development and is estimated to witness impressive growth throughout the forecast period.
The rise in disposable income of consumers, especially in the Asia Pacific region, is propelling the growth in the resistant locking pouches market. However, the inability of child resistant locking pouches to handle certain materials may reduce the attractiveness of child resistant locking pouches. Encouraging government rules and regulations is likely to fuel the demand for child resistant locking pouches in countries like China & India.
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The global child resistant locking pouches market is bifurcated into products, applications, and regions. Based on the material type segment, the global market is categorized into PE (Polyethylene), PP (Polypropylene), PET (Polyethylene Terephthalate), and Others.
The PE (Polyethylene) or Plastic subtype captures the highest revenue share, accounting for more than 55% in 2022. Plastic is used in all types of child-resistant packaging. Plastic is anticipated to share half of the value and volume of the market throughout the forecast period.
Key manufacturers are adopting recycled plastic to design the pouches to reduce plastic waste and are gaining more traction with the increasing availability of cannabis in the United States & Canada. In Feb 2021, PakTech launched PakLock, a child-resistant cap designed for THC beverage cans.
Made from 100% recycled and 100% recyclable plastic, like its multipacks, PakLock is designed to be a safe, secure, and simple solution to allow responsible adults to enjoy their THC beverages without children being able to access them.
Leading Players in the Child Resistant Locking Pouches Market
Report Attribute | Details |
---|---|
Growth Rate | CAGR of 6.2% from 2023 to 2033 |
Market Value in 2023 | USD 1,307.75 million |
Market Value in 2033 | USD 2,386.54 million |
Base Year for Estimation | 2022 |
Historical Data | 2018 to 2022 |
Forecast Period | 2023 to 2033 |
Quantitative Units | Revenue in USD million and CAGR from 2023 to 2033 |
Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
Segments Covered | Product Type, Material Type, Thickness, Application, Region |
Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; The Middle East and Africa |
Key Countries Profiled | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, Russia, China, Japan, South Korea, India, Singapore, Indonesia, Thailand, New Zealand, GCC Countries, South Africa, Turkey |
Key Companies Profiled | ABC Packaging Direct; MST Packaging Co.; ClearBags; Leader Flexible Packaging Co. Ltd.; IMPAK CORPORATION; Reynolds Consumer Products Inc.; Health Care Logistics Inc.; ZipPak; Anonymous Bags LLC; Huizhou Asuwant Plastic Packaging Co. Ltd.; Tongcheng Huakin Plastics Co. Ltd.; Wuxi Xin Ran Microfiber Technology Co. Ltd; Zhejiang FinDer Flexible Packaging Co. Ltd. |
The market is valued at USD 1,307.7 million in 2023.
ABC Packaging Direct, MST Packaging Co., and ClearBags are key market players.
Associated health risks are likely to limit market growth.
During 2018 to 2022, the market registered a CAGR of 4.4%.
Polyethylene (PE) to dominate the market through 2033.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Single-Use Locking Pouches 5.2. Multiple-Use Locking Pouches 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Material Type 6.1. PE 6.2. PP 6.3. PET 6.4. Other Material 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Thickness Type 7.1. <50 (micron) 7.2. 50 to 100 (microns) 7.3. 100 to 150 (microns) 7.4. >150 (microns) 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 8.1. Medicines 8.2. Detergents 8.3. Edible Products 8.4. Other Applications 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 9.1. North America 9.2. Latin America 9.3. Western Europe 9.4. Eastern Europe 9.5. South Asia and Pacific 9.6. East Asia 9.7. Middle East and Africa 10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 17. Key Countries Market Analysis 18. Market Structure Analysis 19. Competition Analysis 19.1. ABC Packaging Direct 19.2. MST Packaging Co. 19.3. ClearBags 19.4. Leader Flexible Packaging Co. Ltd. 19.5. IMPAK CORPORATION 19.6. Reynolds Consumer Products Inc. 19.7. Health Care Logistics Inc. 19.8. ZipPak 19.9. Anonymous Bags LLC 19.10. Huizhou Asuwant Plastic Packaging Co. Ltd. 19.11. Tongcheng Huakin Plastics Co. Ltd. 19.12. Wuxi Xin Ran Microfiber Technology Co. Ltd 19.13. Zhejiang FinDer Flexible Packaging Co. Ltd. 20. Assumptions & Acronyms Used 21. Research Methodology
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