Press Releases
 
Child Resistant Closures Market: North America Remains Most Lucrative Regional Market For 2018

, 3 September 2018 -- Child Resistant Closures Market: North America Remains Most Lucrative Regional Market For 2018

The vendor landscape of the global child resistant closures market is highly fragmented, with no leading vendor accounting for a substantial share of the overall market, observes Transparency Market Research in a recent report. The market has a large number of small-scale vendors operating in key regional markets. Thus the level of competitive rivalry is high and gaining high profit margins is a tough task. Most of the leading vendors are located in North America and Europe and earn a large share of their revenue from local markets. So as to strengthen their hold on the global market, companies in the market are focusing on improving consumer convenience and are introducing products with features such as low weight, which have a reduced environmental impact.

Some of the leading companies in the market are Closures Systems International, Inc., Silgan Plastic Closures Solutions, BERICAP GmbH & Co. KG, Global Closures Systems, Aptar Group, Inc., Berry Global, Inc., Amcor Limited, O.Berk Company, LLC, and Blackhawk Molding Co. Inc.

Download PDF Sample For More Information@ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=40235

According to the report, the revenue generated from sales of child resistant closures globally has been estimated to be US$1,402.3 mn in 2017. The market is projected to expand at a CAGR of 5.5% over the period between 2017 and 2025.

North America to Remain Most Promising Regional Market

In terms of closure type, the segment of push and turn closure is anticipated to be the largest contributor of growth to the global child resistant closures market during the forecast period. The segment also accounted for a lion’s share of over 79% of the overall market in 2017. Geographically, the market in North America is presently the key contributor of revenue to the global child resistant closures market and is likely to lead over the forecast period as well, thanks to the well-established pharmaceutical sector and several regulations that mandate the usage of child resistant closures in packaging containing pharmaceutical products.

Increased Awareness about Benefits of Child Resistant Closures in Mitigating Accidental Drug Intoxication Risk in Children to Drive Market

One of the most important factors expected to work in favor of the global child resistant closures market is the fact that child resistant closures can significantly bring down the potential risk of accidental drug intoxication in children. In the past years, the introduction of child resistant closures in the packaging of a variety of prescription and over-the-counter medications and cosmetics has led to a vast reduction in the mortality rate of children due to such factors in the U.S. Proving to be an effective solution to the high number of drug intoxication cases among children, child resistant closures have thus become mandatory in a number of applications that pack substances or pharmaceuticals that can prove to be hazardous to children.

In the near future as well, high demand across the pharmaceutical sector and strict mandates are expected to significantly contribute to the overall development of the global child resistant closures market. The market could see new growth opportunities across emerging economies in the near future as consumers are become more aware about the potential hazards of accidental ingestion of hazardous substances among children. Increased demand from industries such as food and beverages and personal care is also expected to work in favor of the market.

Get Customize Report@ https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=40235

# # #


Submitted by K Singha on Monday, 3 September 2018 at 7:46 PM
Category: Science & Research
 
Related News

RESTOP Kicks Off Month of Holiday Savings
Saturday, 17 Nov 2018

Global ENT Microscopes Market: Application, Opportunity and Forecast 2025
Wednesday, 14 Nov 2018

Indian Saccharin Market Increasing Demand, Growth Analysis and Outlook 2018-2023
Tuesday, 13 Nov 2018

OH-Based Sustainability Consulting Firm Launches With Mission To Help Organizations Conserve Energy
Tuesday, 13 Nov 2018

Compressor Discharge Temperature (CDT) Probe - How it works in Aircraft?
Monday, 12 Nov 2018

Related Events

Global Forum for Innovations in Agriculture - GFIA in Focus Australia
Tuesday, 27 Nov 2018

Argus LPG and Petrochemical Feedstocks in Shanghai - November 2018
Tuesday, 27 Nov 2018

EDEX - Egypt Defence Expo, 3-5 December 2018, Cairo
Monday, 3 Dec 2018

2019 Asia Pacific Energy Assembly and Awards Dinner
Wednesday, 30 Jan 2019

20th International Union for Quaternary Research Congress (INQUA 2019)
Thursday, 25 Jul 2019

Latest News

Tests performed by Quigley eye specialists
Sunday, 18 Nov 2018

T-shirt- teespring.com brings you the Easy Availability of Any Graphic Prints on T-Shirts
Saturday, 17 Nov 2018

The Advantages of Pneumatics
Saturday, 17 Nov 2018

Water Damage Restoration - What Are Your Options?
Saturday, 17 Nov 2018

Rewards Of Movie Star Planet Hack
Saturday, 17 Nov 2018

 
Want to get your press releases, event listings, and job ads on Scoopasia? Register now for a FREE account or login if you already have one!
Scoopasia v1.0b. Copyright © 2018
Today is Sunday, 18 November 2018

About Scoopasia | FAQ | Privacy Policy | Contact Us

Press Releases
Event Listings
Job Listings
Arts & Entertainment
Architecture & Construction
Automotive & Travel
Business
Consumer Technology
Economy
Education
Enterprise Technology
Food & Fashion
Government & Policy
Health Care & Medical
Legal/Law
News & Media
Religion
Science & Research
Sports & Fitness
Login / Register
Get Scoopasia through RSS Feeds & Email Notifications!


Journalist's Toolbox
Hello journalist, welcome to Scoopasia--a powerful online resource for media information in Asia. Scoopasia has press releases and media events for every beat and industry. All content on Scoopasia is 100% FREE. You don't even need to login!

  • Scoop Line
    (Instant Information Request)
    The easiest way to ask questions and request information from the PR community.


  • Advanced Search
    Drill down, dig deep, for media information the way you want it.

  • Journalist's Resources
    Resources and tools you can't do without.

  • PR Tools
    Scoopasia Blog Search
    Search the largest handpicked collection of Asia's most prominent and influential blogs.


    Resources
  • PR Bookmarks
  • Web 2.0 Bookmarks
  • Media Bookmarks

    More Coming Soon...

  • Upcoming Events
  • Linde.Intel.AI.Challenge
  • Wound Certification Prep Course – Jersey City, NJ
  • New York Connect MBA Event: Free Headshots and Meet Top MBA Programs 1-on-1
  • 5 Day Accelerated Certificate for Directors
  • Writers on the Air

  • Latest Jobs
    Sorry, there are currently no entries posted here.