Child Resistant Closure Market Share

North America Market Forecast

The North America child resistant closure market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2036. backed by the significantly increasing awareness for child resistance closures, growth of the pharmaceuticals industry, increasing demand for better packaging of medicines, and a notable boost in spending on medicines in the region. For instance, in the United States, people spent nearly USD 578 billion on medicines in 2021.

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of child resistant closure is estimated at USD 30.14 Billion.

The child resistant closure market size was over USD 27.45 Billion in 2023 and is poised to cross USD 92.55 Billion by the end of 2036, witnessing more than 9.8% CAGR during the forecast period i.e., between 2024-2036. Rising use of zip lock bags in packaging, increase in certified child proof packaging, and boost in healthcare industry are some major factors driving the growth of the market.

North America is anticipated to account for largest industry share by 2036, backed by the significantly increasing awareness for child resistance closures, growth of the pharmaceuticals industry, increasing demand for better packaging of medicines, and a notable boost in spending on medicines in the region.

O.Berk Company, L.L.C., Berry Global Inc., ABA Packaging Corporation, Silgan Plastics LLC, Bericap Holding GmbH, Aptargroup, Inc., Sun Grown Packaging, C.L. Smith Company, Airlite Plastics Co., Blackhawk Molding Co, Inc.

Child Resistant Closure Market Share