Child Resistant Closures Market to Surpass US$ 2 Bn by 2025, North America to be Largest market

ALBANY, USA, 2018-May-10 — /EPR Network/ —Increasing emphasis on childproofing homes has led to growth of the child resistant closures market. The use of child resistant closures has led to significant reduction in the number of accidents and infant mortalities. These factors are likely to push the growth of the child resistant closures market, according to a new report titled “Child Resistant Closures Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025” that has been added to the comprehensive repository of Market Research Reports Search Engine (MRRSE).

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According to the report, increasing awareness about the benefits of child resistant closures, and reduction in the average selling price of child resistant closures is likely to provide an impetus to the growth of the market. In terms of revenue, the global child resistant closures market is pegged to surpass US$ 2 Bn by the end of 2025.

The research report offers in-depth analysis and insights on the basis of closure type and material type. The key segments on the basis of closure type include push and turn, squeeze and turn, and others. Among these, demand for push and turn closures is likely to remain significant during the assessment period. The push and turn closure is likely to account for nearly 70% revenue share of the market.

The research study also includes a detailed analysis on the basis of end use. The key end use segments in the child resistant closures market include pharmaceuticals, personal care, food and beverages, automotive, and chemicals and fertilizers. Among these, demand for child resistant closures is the highest in the pharmaceutical segment.

The research report also offers in-depth analysis and insights on the basis of material type. The key segments in the market include PP, HDPE, and LDPE. Among these, demand for PP to manufacture these child resistant closures is the highest among manufacturers.

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Among the key regions profiled in the business intelligence study, North America is likely to maintain its dominance in the global market. The North America child resistant closures market is likely to witness steady growth over the forecast period, and grow at 6.3% CAGR during the period of assessment. In addition to North America, Europe and Asia Pacific are likely to be the other key markets for child resistant closures globally. While the European market is likely to grow at 4.3% CAGR, the APAC market is likely to witness a growth of 6.1% CAGR during the assessment period.

The research study also profiles some of the leading companies in the market. Some of the key companies include BERICAP GmbH & Co. KG, Closures Systems International, Inc., Berry Global, Inc., Aptar Group, Inc., Silgan Plastic Closures Solutions, Global Closures Systems, O.Berk Company, LLC, Amcor Limited, Blackhawk Molding Co. Inc., and CL Smith Company.

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