
Latest Insights on the Child Resistant Pouches Market
According to the analysis of the research analysts at Future Market Insights, the Child Resistant Pouches Market is set to reach a market value of ~US$XX by the end. Further, the study indicates that the Child Resistant Pouches Market is expected to grow at a CAGR of ~XX% during the forecast period 2018 – 2028. The well-researched market report offers a thorough quantitative and qualitative assessment of the Child Resistant Pouches market along with easy to grasp tables, graphs, and figures.
The market study bifurcates the global Child Resistant Pouches Market in different segments to enhance the reading experience of our clients.
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The competitive outlook tracks the business proceeding of top-tier market players involved in the Child Resistant Pouches Market. The company profile provides a clear understanding of the growth strategies adopted by various market players.
Key takeaways from the presented market analysis:
- In-depth understanding of the innovations in the Child Resistant Pouches Market space
- Region-wise assessment of the different factors expected to influence market growth in each region
- Influence of technological advances on the Child Resistant Pouches Market
- A thorough assessment of growth opportunities for market players in different regions
- Analysis of the supply-demand ratio in different end-use industries
The report evaluates the current state of the global Child Resistant Pouches Market in terms of volume (X units), consumption, value (Mn/Bn), production and more. In addition, the study tracks the latest proceedings within the various market segments, end use industries, geographies, and regulatory landscape.
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Key Players
Some of the key players operating in the global child resistant pouches market are – IMPAK Corporation, Sierra Bags, Dymapak, Stink Sack, Bemis Company, Inc., Mondi Plc, Amcor Ltd., Sealed Air Corporation, Constantia Flexibles Group GmbH, and Sonoco Products Company, among others.
The raw material suppliers include – E.I. du Pont de Nemours and Company, China Hongqiao Group Limited, and United Company RUSAL Plc, among others.
Exhibit 2 represents the Tier classification of companies which have been considered in this article. Company annual reports have been used as sources for calculating the revenue share of child resistant pouches.
Tier structure has been considered as follows –
Companies with revenues generated from selling child resistant pouches exceeding US$ 5 Mn, have been considered Tier I companies. Those with segment revenues between US$ 1 Mn & US$ 5 Mn, have been considered as Tier II companies. Finally, companies with segment revenue below US$ 1 Mn have been considered as Tier III companies.
Exhibit 3 represents the production clusters of child resistant pouches in key regions. The bubbles, however, do not indicate any market numbers.
Global child resistant pouches market: Significance
Annually, a significant number of accidental drug ingestion cases are reported, of which, nearly 45% of the cases comprise of children below 52 months, as the subject. To curb the risk of accidental ingestion by children, yet, ensure a convenient opening system for adults, child resistant packaging, and by extension, pouches, are manufactured.
Child resistant pouches are mostly used in the pharmaceutical, and medicinal marijuana industry, due to high demand for specific packaging, and packaging solutions which are compliant with government regulations.
Key developments shaping the market
The child resistant pouches market is subject to significant influence from government regulations and design level innovation among key manufacturers.
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In October 2015, IMPAK Corporation, which is one of the leading manufacturers of advanced flexible packaging launched its series of PharmaLoc child resistant bags. The new products reduce chances of accidental opening by children, while ensuring a one-handed-pinch-and-slide operation for adults.
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In February 2016, a new child resistant packaging technology ‘Child-Guard’, was implemented on pouches, by Reynolds Consumer Products Inc. The concept is the new edition to the Slide-Rite slider family of products, and also, has been developed in accordance with the Poison Prevention Packaging Act
Design level trends
Globally, manufacturers of child resistant pouches are emphasizing on innovative designs, such as that of ‘Thumb-Pocket’ zipper bags. These have thumb tab zippers, which are easy for adults to open. The design includes a sophisticated press-to-close zipper, instead of a bulky pull-tab closure. Also, a significant number of single dose child resistant pouches feature micro tear slits for opening. The micro perforation near the corner enables adults to tear the package open, without efforts.
In addition, child resistant pouches are designed to be opaque, to eliminate product visibility. The ‘PharmaLoc’ External latch pouches feature a tab, which can only be opened with two-handed dexterity, which is impossible to achieve by children aged below 52 months. Another feature which is seen in child resistant pouches is a ‘Push-pin’ child guard features, wherein, a special pin needs to be inserted to the zipper to access the contents.
The road ahead
The advancement in pharmaceutical drug formulation processes, coupled with the ever expanding variety of drugs will continue to create absolute need for special packaging, to ensure total reduction of accidental ingestion cases. The global child resistant pouches market will be influenced by further amendment in existing regulations, in accordance with advancement in drug formulations. Therefore, the global child resistant pouches market is expected to have a positive outlook over the forecast period.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report covers exhaust analysis on:
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Market Segments
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Market Dynamics
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Market Size
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Supply & Demand
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Current Trends/Issues/Challenges
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Competition & Companies involved
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Technology
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Value Chain
Regional analysis includes:
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North America (U.S., Canada)
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Latin America (Mexico. Brazil)
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Western Europe (Germany, Italy, France, U.K, Spain)
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Eastern Europe (Poland, Russia)
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Asia Pacific (China, India, ASEAN, Australia & New Zealand)
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Japan
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Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Report Highlights:
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Detailed overview of parent market
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Changing market dynamics in the industry
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In-depth market segmentation
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Historical, current, and projected market size in terms of volume and value
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Recent industry trends and developments
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Competitive landscape
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Strategies of key players and products offered
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Potential and niche segments, geographical regions exhibiting promising growth
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A neutral perspective on market performance
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Must-have information for market players to sustain and enhance their market footprint
NOTE – All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Future Market Insights.
The market analysis provides answers to some important questions related to the Child Resistant Pouches Market:
- What is the most common observable trend within the Child Resistant Pouches Market?
- Which region is set to register the maximum growth in terms of value and market share?
- Which market players in the Child Resistant Pouches Market are at the forefront in terms of product/technology innovation?
- Is the current Child Resistant Pouches Market landscape favorable for new market entrants?
- Which end-use industry is expected to generate the maximum demand for Child Resistant Pouches during the forecast period 2018 – 2028?
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