Nowadays, apart from protecting products from external environment, packaging has been used by consumers and manufacturers for increasing shelf life, storing and various other applications. Commonly, consumers use child resistant locking pouches for storing medicines, detergents and edible products. Child resistant locking pouches are opaque in appearance and have high barrier properties for avoiding any leakage of the harmful products in the environment. Manufacturers are using food-safe, FDA approved high barrier materials for increasing the scope of usage for child resistant locking pouches.
Child resistant locking pouches market: Market Dynamics
The increasing sales of merchandise has increased the use of packaging across the globe. World Packaging market is expected to be over US$ 824 Bn and is expected to grow at a CAGR of over 5% during the forecast period. Child resistant locking pouches is one such packaging format used for keeping the children away from poisonous and other harmful products. The key driver for child resistant locking pouches market is the need for eliminating accidental ingestion of poisonous materials by the children. The availability of the child resistant locking pouches in various materials and sizes has increased its area of application; hence boosting the growth in child resistant locking pouches market. The use of child resistant locking pouches has replaces rigid containers and reduced the need for raw materials, thereby, reducing the carbon foot print of the manufacturers. New innovations in child resistant locking pouches such as tamper-proofing, labeling, use of metallized films for increasing barrier properties and extra safety measures are increasing consumer attractiveness and supporting the growth in child resistant locking pouches market. Rise in disposable income of consumers, especially in Asia Pacific region is propelling the growth in child resistant locking pouches market. However, inability of child resistant locking pouches in handling certain materials may reduce the attractiveness of child resistant locking pouches.
Child resistant locking pouches market: Market Segmentation
Child resistant locking pouches market is segmented by product type, material type, by thickness type and by application.
Based on the product type, child resistant locking pouches market is segmented into:
- Single Use
- Multiple Use
Based on the material type, child resistant locking pouches market is segmented into:
- PE (Polyethylene)
- PP (Polypropylene)
- PET (Polyethylene Terephthalate)
- Others (metalized films)
Based on the thickness type, child resistant locking pouches market is segmented into:
- <50 (micron)
- 50 – 100 (micron)
- 100 -150 (micron)
- >150 (micron)
Based on the application type, child resistant locking pouches market is segmented into:
- Edible Products
Child Resistant Locking Pouches Market – Regional Outlook:
Regionally global child resistant locking pouches market is segmented into
- North America
- Latin America
- Eastern Europe
- Western Europe
- Asia-Pacific excluding Japan (APEJ)
- Middle East & Africa (MEA)
North America is expected to lead in child resistant locking pouches market due to the consumer’s awareness regarding the storage of chemicals and other harmful products. Japan, Western and Eastern Europe, being the mature market is expected to grow moderately in child resistant locking pouches market. Asia Pacific excluding Japan region and Middle East & Africa are expected to grow rapidly in child resistant locking pouches market on the backdrop of increasing consumer disposable income. The demand for child resistant locking pouches in Latin America is expected to be sluggish, except for few countries such as Mexico and Costa Rica.
Child Resistant Locking Pouches Market – Key Players:
Some major players of the child resistant locking pouches market are ABC Packaging Direct, MST Packaging Co., ClearBags, Leader Flexible Packaging Co., Ltd., IMPAK CORPORATION, Reynolds Consumer Products Inc, Health Care Logistics, Inc., ZipPak, Anonymous Bags, LLC, Huizhou Asuwant Child Resistant Packagings Co., Ltd., Tongcheng Huakin Plastics Co., Ltd., Wuxi Xin Ran Microfiber Technology Co., Ltd, and Zhejiang FinDer Flexible Packaging Co., Ltd.
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