Elevating Demand for Cannabis-Infused Food and Beverages
Cannabis, commonly known as marijuana, is a psychoactive drug obtained from the species of a flowering plant within the hemp family. Tetrahydrocannabinol (THC) is the main psychoactive agent and is among the prominent active compounds in the plant, including others such as terpenes and cannabidiol. Cannabis is widely consumed owing to its therapeutic and medicinal benefits. The cannabis-infused food has gained momentum due to the increasing popularity and consumption of cannabis by consumers. Cannabis-infused food and beverage made their first appearance in the market through baked goods such as cakes, brownies, and cookies. The other different varieties of cannabis-infused food and beverage products include popcorns, candies, gummy bears, chocolate bars, THC beverages, chips, and others. These food and beverage products are witnessing rapid growth due to increasing product innovation and new product launches by manufacturers. The legalization of cannabis in many countries for medicinal and recreational use fueled the demand for cannabis-infused food and beverage. Such regulations are expected to propel the growth of the child resistant closure market during the forecast period.
Market Overview
The Middle East & Africa child resistant closures market is segmented into South Africa, Saudi Arabia, the UAE, and the rest of the Middle East & Africa. Child-resistant closures do not just help prevent child deaths, but there are many cases of children harming their skin or creating health problems because of accessing harmful substances. With the right safety packaging, it prevents these instances from becoming frequent as well. The growing demand for child-proof packaging due to the rising concern of accidental consumption in the region will spur the growth of the Middle East & Africa child resistant closures market. Moreover, the market is growing with the increasing demands from the various end-users such as pharmaceutical manufacturers, personal care products manufacturers, food and beverage manufacturers, and others. These manufacturers have different requirements regarding the product types, which is further expected to propel the growth of the Middle East & Africa child resistance closures market.
Furthermore, advancements in packaging and the introduction of stringent policies for the specific packaging of toxic items in various regions extend profitable opportunities to market players in the region.
Middle East & Africa Child Resistant Closures Market Segmentation
The Middle East & Africa child resistant closures market is segmented into material, closure type, end user, and country.
Based on material, the market is segmented into polypropylene, polyethylene, metal, and others. The polypropylene segment registered the largest market share in 2022. Based on closure type, the market is categorized into push and turn, squeeze and turn, and others. The push and turn segment held the largest market share in 2022. Based on end user, the Middle East & Africa 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 the largest market share in 2022. Based on country, the market is segmented into South Africa, Saudi Arabia, the UAE, and Rest of MEA. Saudi Arabia dominated the market share in 2022. Berry Global Inc.; AptarGroup, Inc.; O.Berk Company; Georg MENSHEN GmbH & Co. KG; Tecnocap S.p.A.; United Caps; HEINLEIN PLASTIK-TECHNIK GMBH; and BERICAP are the leading companies operating in the child resistant closures market in the region.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 114.40 Million |
| Market Size by 2028 | US$ 157.36 Million |
| CAGR (2022 - 2028) | 5.5% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Material
|
| Regions and Countries Covered |
Middle East and Africa
|
| Market leaders and key company profiles |
|
The Middle East & Africa Child Resistant Closures Market is valued at US$ 114.40 Million in 2022, it is projected to reach US$ 157.36 Million by 2028.
As per our report Middle East & Africa Child Resistant Closures Market, the market size is valued at US$ 114.40 Million in 2022, projecting it to reach US$ 157.36 Million by 2028. This translates to a CAGR of approximately 5.5% during the forecast period.
The Middle East & Africa Child Resistant Closures Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East & Africa Child Resistant Closures Market report:
The Middle East & Africa Child Resistant Closures Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East & Africa Child Resistant Closures Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East & Africa Child Resistant Closures Market value chain can benefit from the information contained in a comprehensive market report.
Please tell us your area of interest
(Market Segments/ Regions and Countries/ Companies)
E 1803, Panchshil Towers,
Wagholi, Haveli,
Pune - 412207,
Maharashtra, India
US:+16467917070
sales@businessmarketinsights.com
Get Free Sample For Middle East & Africa Child Resistant Closures Market
