United States and Canada Child Resistant Bottles Market Value to Reach US$ 1.59 Billion by 2030: FMI Study

The United States and Canada child resistant bottles market is poised for substantial growth, with a projected valuation of approximately US$ 1.06 billion by the year 2023. This upward trajectory is expected to continue, as the market is estimated to expand at a commendable compound annual growth rate (CAGR) of approximately 5.9% from 2023 to 2030. By the culmination of the forecast period in 2030, the market is anticipated to achieve a noteworthy valuation of about US$ 1.59 billion.

The United States and Canada child-resistant bottles market is poised for significant growth in the coming years, with estimations suggesting a promising outlook. Projections indicate that the market will offer substantial incremental growth potential, with an anticipated opportunity of US$ 523.4 million over the next decade.

This growth is attributed to various factors, including the aging population, which is expected to drive increased demand for prescription medications. As individuals age, they become more susceptible to accidental ingestion of medications and other products, particularly in the pharmaceutical sector, leading to higher sales of child-resistant bottles to enhance safety measures.

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Drivers:

1. Regulatory Compliance: Stringent regulations and child safety standards require the use of child-resistant packaging, driving the demand for child-resistant bottles in both countries.
2. Child Safety Concerns: Increasing awareness of child safety and a desire to prevent accidental ingestions or poisoning incidents fuel the adoption of child-resistant bottles.
3. Healthcare Industry: Child-resistant bottles are commonly used in the pharmaceutical and healthcare sectors, and the growth of these industries drives the market for child-resistant packaging.
4. Medical Marijuana and Cannabis Industry: The legalization of medical marijuana and cannabis in various states in the United States and Canada has created a need for child-resistant packaging solutions, boosting the market.
5. Consumer Awareness: Parents and caregivers are increasingly conscious of the need for child-resistant packaging, leading to greater demand for such bottles.
6. Technological Advancements: Ongoing advancements in child-resistant bottle design and materials contribute to the market’s growth.

Restraints:

1. Production Costs: Child-resistant bottles can be more expensive to manufacture compared to standard packaging, leading to increased production costs.
2. Design Complexity: Child-resistant packaging may be more complex to use, which can sometimes frustrate adult consumers and lead to challenges in product adoption.
3. Limited Applications: Child-resistant bottles are primarily used in industries where safety is a priority, limiting their application to specific sectors.
4. Competing Packaging Solutions: Alternatives such as blister packaging and pouches may compete with child-resistant bottles in certain industries.
5. Environmental Impact: The use of child-resistant packaging materials can raise environmental concerns, particularly if they are not recyclable or biodegradable.
6. Consumer Preferences: Some consumers may prefer more user-friendly packaging and may be deterred by the design complexity of child-resistant bottles.

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Key Players:

• Berry Global Inc.
• COMAR LLC.
• O.BERK
• Origin Pharma Packaging
• SGD Pharma
• KISICO GmbH
• BERICAP
• Weener
• NEUTROPLAST
• FH Packaging
• United States Plastics Corp
• Berlin Packaging
• SKS Bottles & Packaging, Inc
• C.L Smith

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

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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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