ALBANY, N.Y., March 8, 2022 /PRNewswire/ — Child resistant container caps and closures are widely being adopted in a broad range of consumer and pharmaceutical products, such as in the primary and secondary packaging of cannabis, tobacco, automotive, and medicine. Evolving regulations pertaining to child resistant packaging especially in the U.S. and Canada are enriching the value chain of the North America child resistant bottles market. The valuation is projected to exceed US$ 1.4 Mn by the end of 2030.
Manufacturers have been tapping into the vast revenue potential from the growing sales of child-resistant squeeze-and-turn closure. Of note, the authors of the TMR study on the North America child resistant bottles market found that snap-on closure type is projected to create incremental opportunity of US$ 284.1 Mn. The shift toward squeeze and turn closures is a key trend in the North America child resistant bottles market.
Over the years, the steady penetration of child resistant packaging in the pharmaceutical industry has spurred revenue generation. Of note, the Canada child resistant bottles market is projected to advance at 7.6% during the forecast period of 2020 – 2030. Companies are adhering to regulations pertaining to reclosable and non-reclosable packaging of medicines and industrial chemicals. The demand for child resistant packaging for industrial chemicals and household cleaners is generating incremental avenues, assert the analysts in the TMR study on…
