According to Future Market Insights research, during the projected period, the global child-resistant foil packaging market is expected to reach US$ 5.0 billion in 2023, and further expand at a CAGR of 5.8% to reach US$ 8.7 billion 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 billion from 2023 to 33.
| Attributes | Details |
|---|---|
| Market Size 2023 | US$ 5.0 billion |
| Market Size 2033 | US$ 8.7 billion |
| Value CAGR (2023 to 2033) | 5.8% |
| Collective Value Share: Top 3 Countries (2023E) | 30 to 35% |
According to the FMI analysis, the child-resistant foil packaging market revenue totaled US$ 4.7 billion 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 billion in 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 billion 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.
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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 billion 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 prevents children from consuming medicines or medical adhesives accidentally. Child-resistant foil packaging is 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.
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. This child-resistant foil packaging plays 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.
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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.
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 billion 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.
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.
The USA is considered a developed market for child-resistant packaging. The country has made strict rules focusing on 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 USA 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 million over the next decade.
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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 under-
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.
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 5.8% from 2023 to 2033 |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD Billion, Volume in Units, and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Product Type, Sales Channel, End Use Industry, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Middle East and Africa; Oceania |
| Key Countries Covered | USA, Canada, Mexico, Brazil, Germany, United Kingdom, France, Italy, Spain, Russia, China, Japan, India, GCC countries, Australia |
| Key Companies Profiled | Amcor plc; Svam Packaging Industries Pvt Ltd; Constantia Flexibles; Oliver Healthcare Packaging; Bilcare Research; Wiicare; Sonoco Products Company; Klockner Pentaplast Group; Rohrer Corporation; IMPAK Corporation; ePac Flexible Packaging; PPC Flexible Packaging LLC; Hi-Tech Pharmaceuticals, Inc.; ProAmpac LLC |
| Customization & Pricing | Available upon Request |
In 2022, the value of the global child-resistant foil packaging market was US$ 4.7 billion.
During the forecast period, the global child-resistant foil packaging market is anticipated to expand 1.8 times between 2023 and 2033.
The global child-resistant foil packaging market is expected to reach US$ 8.7 billion by the end of 2033.
During the forecast period, blister product type is likely to be the fastest-growing product type segment in the global child-resistant foil packaging market.
The stringent regulations regarding child safety across the countries boost the sales of child-resistant packaging across the globe.
Amcor plc, Svam Packaging Industries Pvt Ltd, Constantia Flexibles, and Oliver Healthcare Packaging, are the top players across the child-resistant foil packaging market.
As per the FMI analysis, the Indian child-resistant foil packaging market is projected to expand at a CAGR of 6.6% from 2023 to 33.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Product Type 6.2. Sales Channel 6.3. End Use Industry 7. Global Market Analysis and Forecast, By Product Type 7.1. Blister 7.2. Tubes 7.3. Bags & Pouches 7.4. Others 8. Global Market Analysis and Forecast, By Sales Channel 8.1. Online 8.2. Offline 9. Global Market Analysis and Forecast, By End Use Industry 9.1. Pharmaceuticals 9.2. Food & Beverages 9.3. Cosmetics & Personal Care 9.4. Home Care & Toiletries 9.5. Chemical & Fertilizers 9.6. Automotive 9.7. Others (Tobacco, etc.) 10. Global Market Analysis and Forecast, By Region 10.1. North America 10.2. Latin America 10.3. Europe 10.4. South Asia 10.5. East Asia 10.6. Middle East & Africa 10.7. Oceania 11. North America Sales Analysis and Forecast, by Key Segments and Countries 12. Latin America Sales Analysis and Forecast, by Key Segments and Countries 13. Europe Sales Analysis and Forecast, by Key Segments and Countries 14. South Asia Sales Analysis and Forecast, by Key Segments and Countries 15. East Asia Sales Analysis and Forecast, by Key Segments and Countries 16. Middle East & Africa Sales Analysis and Forecast, by Key Segments and Countries 17. Oceania Sales Analysis and Forecast, by Key Segments and Countries 18. Sales Forecast by Product Type, Sales Channel, and End Use Industry for 30 Countries 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 20. Company Profile 20.1. Amcor plc 20.2. Svam Packaging Industries Pvt Ltd 20.3. Constantia Flexibles 20.4. Oliver Healthcare Packaging 20.5. Bilcare Research 20.6. Wiicare 20.7. Sonoco Products Company 20.8. Klockner Pentaplast Group 20.9. Rohrer Corporation 20.10. IMPAK Corporation 20.11. ePac Flexible Packaging 20.12. PPC Flexible Packaging LLC 20.13. Hi-Tech Pharmaceuticals, Inc. 20.14. ProAmpac LLC
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Child-Resistant Foil Packaging Market
