Child Resistant Foil Packaging Market

Child-resistant Foil Packaging Market Snapshot

According to Future Market Insights research, during the projected period, the global child-resistant foil packaging market is expected to reach US$ 5.0 Bn in 2023, and further expand at a CAGR of 5.8% to reach US$ 8.7 Bn by the year 2033. The blister by product type is anticipated to bolster with the top 5 companies estimated to hold around 15-20% of the market by the end of 2022.

Based on the product type, the blister segment is projected to remain the leading segment among the other product type in the global child-resistant foil packaging market. The reason behind the same is convenience and increased demand for blister in the pharmaceutical industry. The blister segment is estimated to create an incremental opportunity of US$ 1.4 Bn during 2023-33.

According to the FMI analysis, the child-resistant foil packaging market revenue totaled US$ 4.7 Bn in 2022. With the propelling demand from the various end-users, the global child-resistant foil packaging market is projected to reach US$ 8.7 Bn by 2033, accelerating at a CAGR of 5.8% during the forecast period.

The child-resistant foil packaging market is estimated to experience a growth outlook during the forecast period. A new forecast by FMI anticipates that child-resistant foil packaging sales will rise during 2022-2033 and is projected to create an absolute incremental growth opportunity of US$ 4.0 Bn over the upcoming decade.

The significantly changing food & beverage industry amid the pandemic has increased the demand for convenient child-resistant foil packaging. The child-resistant foil packaging market is anticipated to expand 1.8 times the current market value during the forecast period.

Historic Market Outlook for Child-Resistant Foil Packaging

The global child-resistant foil packaging market witnessed a CAGR of 4.9% during the historic period with a market value of US$ 4.7 Bn in 2022.

The child-resistant foil packaging is demanded the most by the pharmaceutical industries amid the threat of drug intoxication. Child-resistant foil packaging prevent children from consuming medicines or medical adhesives accidentally. Child-resistant foil packaging are probably a concern with the pharmaceutical industry since pharmaceuticals may contain fatal ingredients which affect children very harshly. Child protective blisters are one of the protective medication packaging solutions. Various end-users are demanding child-resistant packaging due to rising concerns about children’s safety. Blister packaging is used the most for the manufacturing of child-resistant foil packaging. Its unique features and various characteristics make the product type the most preferable.

The geared-up pharmaceutical industry is projected to drive the demand for child-resistant foil packaging. Rising safety concerns against drug intoxication by children are preferring child-resistant pharmaceutical packaging solutions. Overall, the global child-resistant foil packaging market is anticipated to bolster at a faster pace during the forecast period.

How are the Sensory Attributes of the Pharmaceutical Industry for Preventing Child Drug Intoxications Helping the Child-resistant Foil Packaging Market to Expand?

The cases of drug intoxication are rising rapidly across the world. The major cases of drug intoxication are faced by children. Children are facing the fatal effects of drugs that they have consumed unintentionally. The safety of children is a must while dealing with pharmaceutical products. The pharmaceutical industry requires safety packaging measures to cut down such intoxication cases. The sensitive approach to children’s safety by the pharmaceutical industry created a stage for the child-resistant foil packaging market. Child-resistant foil packaging is the preferred option for manufacturing safe and secure packaging solutions in pharmaceuticals. These child-resistant foil packaging play a defensive role by keeping drugs out of the reach of children. The preference given to child-resistant packaging solutions for medication is pushing the child-resistant foil packaging market.

Ismail Sutaria

Principal Consultant

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Category-wise Insights

Which Product Type is expected to hold a Major Portion of the Global Child-resistant Foil Packaging Market?

Based on the Product Type segment, the blister segment holds the major portion of the global child-resistant foil packaging market. The targeted segment is projected to hold around 63% of the market share by the end of 2033. This is due to the enormous benefits obtained from blister packaging. Blister packaging format is used for pharmaceutical and nutraceutical drugs, as it is a lightweight protective packaging product type. A blister is better than plastic in blocking the light. Thus, the benefits such as efficiency, low cost, and recyclability drive the blister segment in the global child-resistant foil packaging market. 

Which End User offers Lucrative Growth Opportunity in the Global Child-resistant Foil Packaging Market?

The pharmaceutical end-use industry is the most lucrative segment in the end-use industry for the global child-resistant foil packaging market and is projected to offer an incremental growth opportunity of US$ 1.6 Bn during the forecast period. The global pharmaceutical landscape has undergone significant changes in the past few years. Post-covid, self-medication, and outpouring rise in demand for all types of drugs & medicines propelled the consumption of child-resistant foil packaging across the pharma industry. Due to an increase in online orders, the usage of child-resistant foil packaging has been increased by small & medium-sized manufacturers, which indicates a meteoric rise in sales until 2033. 

Country-wise insights

How Does India as a Child Populous Country Ensures the Expansion of the Child-resistant Foil Packaging Market?

Indian Pharmaceutical industry has touched new heights after the pandemic hit the global market. The Indian pharmaceutical industry witnessed rapid growth and has produced vaccines and medicines in bulk. The rising risk of drug intoxication or ingestion of fatal items is threatening the industry as well as the apex medical bodies. Children are the general victims of such drug intoxication cases. The prevention of accidental ingestion is essential.

India as a child-populous country has more threat of child drug intoxication. According to data collected from the World Bank, 25.8% of the total population of the country is between the age ranges of 0-14. The data shows that the children population is quite high in the country. The growing pharmaceutical industry also raised concerns about children’s safety. Such a sensitive approach surges demand for child-resistant packaging solutions across the country and is anticipated to grow at 6.6% over the forecasted period.

Why does the U.S. have more Opportunities for the Child-resistant Foil Packaging Market to Develop?

The U.S. is considered a developed market for child-resistant packaging. The country has made strict rules focusing towards children’s safety and is sensible regarding the incidents that are happening due to negligence of packaging. The country is also taking legislative steps against such casualness. Under the Federal Insecticide, Fungicide, and Rodenticide Act (FIFRA), section 25 (c) (3), the Environmental Protection Agency of the U.S. depicted criteria for safe and protected packaging of pharmaceuticals, fertilizers, and other chemicals to guard children against accidental ingestion and serious illness. To prevent accidental ingestion of such drugs, the country has set standards for child-resistant foil packaging manufacturers.

The steps taken by the government towards safe and child-resistant packaging are helping child-resistant closure manufacturers to cater to the rising demand. The upsurge in demand for child-resistant packaging across the country is expected to offer incremental opportunities worth US$ 631 Mn over the next decade.

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Competitive Landscape

The various key market players are upgrading their technologies and are developing various child-resistant foil packaging solutions for safety aspects. Different companies are following the market trends and producing high-end packaging solutions as per the requirements. Some acquisitions and expansions are being done in order to capture the overall child-resistant foil packaging market. Some of these are as under-

• In October 2022, Constantia Flexibles announced its investment in the Constantia Teich facility situated in Austria. The company has made a substantial investment of around US$ 78 Mn. The expansion is going to be helpful in capturing the growth opportunities in the aluminum market. The company is targeting to strengthen its position in foil manufacturing.

In September 2022, Amcor Plc’s innovative recyclable blister packaging solutions are awarded by the Association of Plastic Recyclers. This innovative and eco-friendly initiative by the packaging giant strengthened its recognition in the pharmaceutical packaging solution market and has developed steady demand growth for packaging solutions.

Scope of the Report

Child-resistant Foil Packaging Market by Category

By Product Type, Child-resistant Foil Packaging Market is Segmented as:

• Blister
• Tubes
• Bags & Pouches
• Others

By Sales Channel, Child-resistant Foil Packaging Market is Segmented as:

• Online
• Offline

By End Use Industry, Child-resistant Foil Packaging Market is Segmented as:

• Pharmaceuticals
• Food & Beverages
• Cosmetics & Personal Care
• Home Care & Toiletries
• Chemical & Fertilizers
• Automotive
• Others (Tobacco, etc.)

By Region, Child-resistant Foil Packaging Market is Segmented as:

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Middle East & Africa
• Oceania