Child Resistant Closures Market: Current Analysis and Forecast (2024-2032)

Child-resistant closures are the type of caps that would prevent a child from opening the bottle effortlessly. They are designed in such a manner that only a certain technique would allow a user to open it. The market worldwide for child resistance closures (CRC) was on an upward trend due to various reasons. The child resistance closures market will maintain its growth trend, which is promoted by government standards and protection, innovations, and consumer sensitization across the world. Several other factors, such as a surge in company collaborations & partnerships, are driving the global child-resistant closures market.

The Child Resistant Closures Market is expected to grow at a steady rate of around 6.5% owing to the rising company mergers and acquisitions. For instance, In August 2023, Amcor acquired Phoenix Flexibles to increase production capacity. The acquisition increased Amcor's capacity to cater to the high demand and drive strong returns for shareholders. The acquisition also added machine-direction-oriented film technology, enabling local production of a broader range of sustainable packaging solutions. Several other factors, including the expanding distribution channels and strategic partnerships between companies, drive the market's growth during the forecast period. Improving this, improving the affordability and accessibility of child resistant closures are also driving this market steadily.

Based on the material type, the market is segmented into polypropylene, polyethylene, and others. The polypropylene segment dominated the market in the year 2023. The polypropylene segment in the child resistant closures market is flourishing, driven by its properties like good ductility and good impact strength, allowing it to stretch rather than break. Also, it is water resistant and durable, so it lasts longer when exposed to the elements than other polymers. Thus, the polypropylene segment held a significant market share in 2023 among the material types.

Based on the closure type, the market is segmented into push & turn, squeeze & turn, and others. The squeeze & turn segment dominated the market in the year 2023. The squeeze & turn segment in the child resistant closures market is flourishing, driven by its properties like comfortable grip pads for removal of the closure and cut-away spouts, allowing consumers to determine flow rate. The segment is also driven by rising innovative product launches and company expansions. For instance, Dymapak has launched its new 'Squeeze and Turn Tin' as a revolutionary, 100% curbside recyclable child-resistant CPG packaging solution. Thus, the squeeze & turn segment held a significant market share in 2023 among the closure type.

For a better understanding of the market adoption of child resistant closures, the market is analyzed based on its worldwide presence in countries such as North America (U.S., Canada, and the Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. North America dominated the market in the current scenario of 2023 due to the rising company expansions with mergers & acquisitions and changes in consumer preferences for child safety. For instance, in November 2022, U.S.-based primary packaging company TricorBraun acquired Canada-based rigid packaging provider Merlot Packaging to continue its long history of strategic investment and growth in Canada. Other factors, such as the improving affordability and accessibility of these products, propel the region's market growth. Thus, amongst areas, North America held a significant share of the market in 2023.

Some of the major players operating in the market include Amcor plc; C.L. Smith; SILGAN PLASTICS; BERICAP; Origin Pharma Packaging; AptarGroup, Inc; Berry Global Inc.; O.Berk Company, L.L.C.; Mold-Rite Plastics; UNITED CAPS.