Child-resistant packaging has become increasingly important in the United States and Canada, driven by the need to protect children from accidental exposure to potentially harmful substances. The market for child-resistant bottles in these countries is on the rise, and it’s projected to witness substantial growth in the coming years.
The cap usually requires a specific motion or combination of motions to open, making it difficult for children to open it accidentally. The United States is a leading consumer of child resistant bottles with a market value of US$ 891.9 million predicted in 2023. With the presence of tier 1 key players, the country is expected to remain a lucrative pocket in the child-resistant bottles market.
The United States and Canada child resistant bottles market is expected to experience a lucrative growth outlook during the assessment period. A new estimation predicts that the market would create an attractive incremental growth opportunity of US$ 523.4 million in the next ten years.
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Current Market Scenario
In 2023, the child-resistant bottles market in the United States and Canada is valued at approximately US$ 1.06 billion. This figure is impressive in itself, but what’s more striking is the expected growth rate. It is estimated that from 2023 to 2030, the market will expand at a Compound Annual Growth Rate (CAGR) of 5.9%.
By 2030, the market is predicted to reach a valuation of US$ 1.59 billion. This remarkable growth reflects the increasing awareness among consumers and regulatory bodies about the importance of child-resistant packaging, especially in households where potentially hazardous substances are stored.
Key Companies:
- Berry Global Inc.
- COMAR LLC.
- BERK
- Origin Pharma Packaging
- SGD Pharma
- KISICO GmbH
- BERICAP
- Weener
- NEUTROPLAST
- FH Packaging
- United States Plastics Corp
- Berlin Packaging
- SKS Bottles & Packaging, Inc
- L Smith
- Hach
Factors Driving Growth
Several factors are contributing to the expansion of the child-resistant bottles market in the United States and Canada:
- Regulatory Requirements: Both the U.S. and Canadian governments have stringent regulations in place to ensure child-resistant packaging for products like prescription medications and certain household chemicals. This creates a significant demand for child-resistant bottles.
- Increased Safety Awareness: Consumers are becoming more conscious of safety measures, especially in households with young children. The demand for child-resistant packaging is driven by the desire to prevent accidents and exposure to harmful substances.
- Diverse Applications: Child-resistant bottles are not limited to pharmaceuticals; they are also used for packaging various household and personal care products. This diversification further fuels market growth.
- Technological Advancements: Continuous innovation in packaging technology has led to the development of more effective and user-friendly child-resistant solutions, making them more attractive to manufacturers.
Market Share Dynamics
As of 2023, the top 5 companies in the child-resistant bottles market are projected to hold approximately 20% to 25% of the total market share. This highlights the competitive nature of the industry, with several players vying for a piece of the growing market.
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United States and Canada Child Resistant Bottles Market Outlook by Category
By Material:
- Plastic
- Polyethylene (PE)
- Polyethylene Terephthalate (PET)
- Polypropylene (PP)
- Others (PVC)
- Glass
- Metal
- Paper & Paperboard
By Capacity:
- 15 ml to 100 ml
- 101 ml to 500 ml
- 501 ml to 1000 ml
- Above 1000 ml
By Closures:
- Push & Turn
- Squeeze & Turn
- Snap On
- Dropper
By Country:
- United States
- Canada
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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