Report : Europe Child Resistant Closures Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Material (Polypropylene, Polyethylene, Metal, and Others), Closure Type (Push and Turn, Squeeze and Turn, Others), and End Use (Pharmaceutical, Household Product, Cosmetic and Personal Care, Chemicals and Fertilizer, Food and Beverage, and Others)
At 5.5% CAGR, the Europe Child Resistant Closures Market is speculated to be worth US$ 626.13 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Europe child resistant closures market was valued at US$ 455.21 million in 2022 and is expected to reach US$ 626.13 million by 2028, registering an annual growth rate of 5.5% from 2022 to 2028. Growing demand for child resistant closures due to growth in pharmaceutical industry and burgeoning adoption of child resistant closures in packaging to avoid accidental poisoning.
Children under six years old are the most vulnerable group at risk of drug poisoning as a few medicines appear attractive to them due to their distinct colors and small size. Adults need medicines for the treatment of chronic diseases that requires regular dosages. Some of them store medicinal drugs at home that can attract the attention of young children living in their homes; these drugs are usually colorful and small in size, so the children can easily insert them into their mouths. According to Research from the European Child Safety Alliance, every year, 3,000 children under the age of 14 die from acute poisoning in the European Union. However, many countries have imposed stringent regulations to control acute poisoning. The law requires that prescription medications, over-the-counter medications, hazardous materials, and other household products be packaged with child resistant packaging. Such stringent laws and regulations are urging manufacturers to use child resistant closures to protect children from accidental drug poisoning, thereby driving the growth of the child resistant closures market.
On the contrary, lack of regulations in few countries across the region.
- Based on material, the Europe child resistant closures market is segmented into polypropylene, polyethylene, metal, and others. The polypropylene segment held 60.1% market share in 2022, amassing US$ 273.44 million. It is projected to garner US$ 373.84 million by 2028 to expand at 5.4% CAGR during 2022–2028.
- Based on closure type, the Europe child resistant closures market is categorized into push and turn, squeeze and turn, and others. The push and turn segment held 59.3% market share in 2022, amassing US$ 271.39 million. It is projected to garner US$ 384.63 million by 2028 to expand at 6.0% CAGR during 2022–2028.
- Based on end user, the Europe child resistant closures market is segmented into pharmaceutical, household product, cosmetic and personal care, chemicals and fertilizer, food and beverage, and others. The pharmaceutical segment held 27.1% market share in 2022, amassing US$ 123.86 million. It is projected to garner US$ 172.72 million by 2028 to expand at 5.7% CAGR during 2022–2028.
- Based on country, the Europe child resistant closures market has been segmented into Germany, France, Italy, the UK, Russia, and Rest of Europe. Our regional analysis states that Germany captured 26.9% market share in 2022. It was assessed at US$ 122.22 million in 2022 and is likely to hit US$ 166.10 million by 2028, exhibiting a CAGR of 5.2% during the forecast period.
Key players dominating the Europe child resistant closures market are Berry Global Inc.; AptarGroup, Inc.; O.Berk Company; Georg MENSHEN GmbH and Co. KG; Tecnocap S.p.A.; United Caps; HEINLEIN PLASTIK-TECHNIK GMBH; and BERICAP among others.
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