Child Resistant Bottles Market Analysis

The risk associated with the accidental ingestion of hazardous materials by kids, has long influenced research and innovation in packaging design to create child resistant solutions. Child resistant packaging is defined as special packaging solutions, the contents of which cannot be accessed by kids under the age of 52 months, by virtue of their design. However, it is also important that the same can be used properly by adults, up to 70 years of age. The idea of child resistant packaging is not very old. Child resistant reclosable packs have been in the market since the mid-1970s, and were first introduced in the U.S. The same were exported to European countries and have achieved high acceptance, across the world. Since their inception, child resistant bottles have undergone improvement at design levels. The ultimate objective of design level innovations in child resistant bottles is to increase the resistance to opening of the packs by kids, yet maintaining a consumer-friendly design, which can be easily handled by adults.

Global child resistant bottles market: Segmentation

Globally, the child resistant bottles market has been segmented as –

Global child resistant bottles market: Research Methodology

A robust methodology was adopted to arrive at the market size for child resistant bottles. Both supply-side and demand-side analysis were performed for the same.

Supply-side analysis

The key manufacturers were identified, and their revenues were tracked. Sources such as company annual reports, form 10-Ks, and paid databases were cited for the same. The segmental revenue was estimated from sales of bottles. Penetration of child-resistant design was calculated to arrive at the sales figure generated from the sales of child resistant bottles.

Demand-side analysis

Overall packaging demand was tracked from various end use industries such as the pharmaceutical industry, chemical industry, and beverages industry, among others. Penetration of bottles was then estimated, to facilitate estimation of demand for child resistant bottles. Paid interviews with key industry experts and independent consultants were conducted to validate the numbers arrived at. Finally, bottom-up approach was used to validate the numbers and estimate the market size and consumption of child resistant bottles.

Global child resistant bottles market: Key Players

 

Child resistant bottles: Significance

Child resistant bottles are mostly used in the pharmaceutical, and medicinal marijuana industry, due to high demand for specific packaging, and packaging solutions which are compliant with government regulations.

The road ahead

The advancement in pharmaceutical drug formulation processes, coupled with the ever expanding variety of drugs will continue to create absolute need for special packaging, to ensure total reduction of accidental ingestion cases. The global child resistant bottles market will be influenced by further amendment in existing regulations, in accordance with advancement in drug formulations. Therefore, the global child resistant bottles market is expected to have a positive outlook over the forecast period.

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