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Asia Pacific Child Resistant Closures Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Material, Closure Type, and End Use

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    Report

  • 117 Pages
  • November 2022
  • Region: Asia Pacific
  • The Insight Partners
  • ID: 5701692
UP TO OFF until Mar 31st 2024
The child resistant closures market in Asia Pacific is expected to grow from US$ 1,053.33 million in 2022 to US$ 1,493.11 million by 2028. It is estimated to grow at a CAGR of 6.0% from 2022 to 2028.

Many pharmaceuticals, chemicals, fertilizers, food & beverages, and cosmetics manufacturers are shifting toward green alternatives by reducing the overall material used for packaging. New technologies target reducing carbon emission by optimizing the manufacturing process and minimizing the impact of conventional plastic material on the environment. To develop new techniques for sustainable packaging for reducing waste, global providers of packaging solutions, such as BERICAP Holding GmbH, Phoenix Closures, Inc., Green Earth Packaging, etc., invest significantly in R&D every year. This drives the sustainability trend and provides child safety, which is expected to create growth opportunities for the child-resistant closures market. The change is partly driven by consumer consciousness regarding the sustainability of a product's packaging. As a result, companies have adopted paperboard packaging with thin plastic packaging wherever necessary. Thus, increasing adoption of eco-friendly packaging material among manufacturers and awareness about the impact of petroleum-based plastic is expected to propel the growth of eco-friendly child resistant closures during the forecast period..

Market Overview

The Asia Pacific child resistant closures market is spread across Australia, China, India, Japan, South Korea, and the rest of Asia Pacific. China, India, and other southeast Asian countries are the key markets in this region. With heavy investments by manufacturers and the rise in government initiatives and regulations for children’s safety, this regional market is expected to grow in the coming years. Additionally, the rise in usage in the pharmaceutical industry, population growth, a surge in disposable income, change in lifestyle and increase in awareness among the people towards better packaging usage positively affected the child resistant closures market.

Furthermore, advancements in packaging and the introduction of stringent policies for the specific packaging of toxic items in various regions extend profitable opportunities to market players in the region.

Asia Pacific Child Resistant Closures Market Segmentation

The Asia Pacific child resistant closures market is segmented into material, closure type, end user, and country.
  • Based on material, the market is segmented into polypropylene, polyethylene, metal, and others. The polypropylene segment registered the largest market share in 2022.
  • Based on closure type, the market is categorized into push and turn, squeeze and turn, and others. The push and turn segment held the largest market share in 2022.
  • Based on end user, the Asia Pacific child resistant closures market is segmented into pharmaceutical, household product, cosmetic and personal care, chemicals and fertilizer, food and beverage, and others. The pharmaceutical segment held the largest market share in 2022.
  • Based on country, the market is segmented into Australia, China, India, Japan, South Korea, and Rest of Asia Pacific. China dominated the market share in 2022. Berry Global Inc.; AptarGroup, Inc.; O.Berk Company; Georg MENSHEN GmbH and Co. KG; Tecnocap S.p.A.; United Caps; HEINLEIN PLASTIK-TECHNIK GMBH; and BERICAP are the leading companies operating in the child resistant closures market in the region.
Frequently Asked Questions about the Asian Pacific Child Resistant Closures Market

What is the estimated value of the Asian Pacific Child Resistant Closures Market?

The Asian Pacific Child Resistant Closures Market was estimated to be valued at $1053.33 Million in 2022.

What is the growth rate of the Asian Pacific Child Resistant Closures Market?

The growth rate of the Asian Pacific Child Resistant Closures Market is 6.0%, with an estimated value of $1493.11 Million by 2028.

What is the forecasted size of the Asian Pacific Child Resistant Closures Market?

The Asian Pacific Child Resistant Closures Market is estimated to be worth $1493.11 Million by 2028.

Who are the key companies in the Asian Pacific Child Resistant Closures Market?

Key companies in the Asian Pacific Child Resistant Closures Market include Berry Global Inc., Aptargroup, Inc., O.Berk Company, Georg Menshen Gmbh And Co. Kg, Tecnocap S.P.A., United Caps, Heinlein Plastik, Technik Gmbh and Bericap.

Table of Contents

1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection
3.2.2 Primary Interviews
3.2.3 Hypothesis Formulation
3.2.4 Macro-economic Factor Analysis
3.2.5 Developing Base Number
3.2.6 Data Triangulation
3.2.7 Country Level Data
4. Asia Pacific Child Resistant Closures Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.3 Expert Opinion
4.4 Ecosystem Analysis
5. Asia Pacific Child Resistant Closures Market - Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Widening Demand for Child Resistant Closures Due to Growth in Pharmaceutical Industry
5.1.2 Broadening Adoption of Child Resistant Closures in Packaging to Avoid Accidental Poisoning
5.2 Key Market Restraints
5.2.1 Lack of Regulations in Few Countries Across the Region
5.3 Key Market Opportunities
5.3.1 Extending Demand for Cannabis-Infused Food and Beverages
5.4 Future Trends
5.4.1 Strengthening Demand for Eco-Friendly Child Resistant Closures
5.5 Impact Analysis of Drivers and Restraint
6. Asia Pacific Child Resistant Closures Market Analysis
6.1 Asia Pacific Child Resistant Closures Market Overview
6.2 Asia Pacific Child Resistant Closures Market -Revenue and Forecast to 2028
7. Asia Pacific Child Resistant Closures Market Analysis By Material
7.1 Overview
7.2 Asia Pacific Child Resistant Closures Market, by Material
7.3 Polypropylene
7.3.1 Overview
7.3.2 Polypropylene: Child Resistant Closures Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Polyethylene
7.4.1 Overview
7.4.2 Polyethylene: Child Resistant Closures Market - Revenue and Forecast to 2028 (US$ Million)
7.5 Metal
7.5.1 Overview
7.5.2 Metal: Child Resistant Closures Market - Revenue and Forecast to 2028 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: Child Resistant Closures Market - Revenue and Forecast to 2028 (US$ Million)
8. Asia Pacific Child Resistant Closures Market Analysis By Closure Type
8.1 Overview
8.2 Asia Pacific Child Resistant Closures Market, by Closure Type
8.3 Push and Turn
8.3.1 Overview
8.3.2 Push and Turn: Child Resistant Closures Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Squeeze and Turn
8.4.1 Overview
8.4.2 Squeeze and Turn: Child Resistant Closures Market - Revenue and Forecast to 2028 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: Child Resistant Closures Market - Revenue and Forecast to 2028 (US$ Million)
9. Asia Pacific Child Resistant Closures Market Analysis By End Use
9.1 Overview
9.2 Asia Pacific Child Resistant Closures Market, by End Use
9.3 Pharmaceutical
9.3.1 Overview
9.3.2 Pharmaceutical: Child Resistant Closures Market - Revenue and Forecast to 2028 (US$ Million)
9.4 Household Product
9.4.1 Overview
9.4.2 Household Product: Child Resistant Closures Market - Revenue and Forecast to 2028 (US$ Million)
9.5 Cosmetic and Personal Care
9.5.1 Overview
9.5.2 Cosmetic and Personal Care: Child Resistant Closures Market - Revenue and Forecast to 2028 (US$ Million)
9.6 Chemical and Fertilizer
9.6.1 Overview
9.6.2 Chemical and Fertilizer: Child Resistant Closures Market - Revenue and Forecast to 2028 (US$ Million)
9.7 Food and Beverages
9.7.1 Overview
9.7.2 Food and Beverages: Child Resistant Closures Market - Revenue and Forecast to 2028 (US$ Million)
9.8 Others
9.8.1 Overview
9.8.2 Others: Child Resistant Closures Market - Revenue and Forecast to 2028 (US$ Million)
10. Asia Pacific Child Resistant Closures Market Analysis
10.1 Overview
10.1.1 Asia Pacific: Child Resistant Closures Market, by Key Country
10.1.1.1 Australia: Child Resistant Closures Market -Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 Australia: Child Resistant Closures Market, by Material
10.1.1.1.2 Australia: Child Resistant Closures Market, by Material
10.1.1.1.3 Australia: Child Resistant Closures Market, by Closure Type
10.1.1.1.4 Australia: Child Resistant Closures Market, by End Use
10.1.1.2 China: Child Resistant Closures Market -Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 China: Child Resistant Closures Market, by Material
10.1.1.2.2 China: Child Resistant Closures Market, by Material
10.1.1.2.3 China: Child Resistant Closures Market, by Closure Type
10.1.1.2.4 China: Child Resistant Closures Market, by End Use
10.1.1.3 India: Child Resistant Closures Market -Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 India: Child Resistant Closures Market, by Material
10.1.1.3.2 India: Child Resistant Closures Market, by Material
10.1.1.3.3 India: Child Resistant Closures Market, by Closure Type
10.1.1.3.4 India: Child Resistant Closures Market, by End Use
10.1.1.4 Japan: Child Resistant Closures Market -Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 Japan: Child Resistant Closures Market, by Material
10.1.1.4.2 Japan: Child Resistant Closures Market, by Material
10.1.1.4.3 Japan: Child Resistant Closures Market, by Closure Type
10.1.1.4.4 Japan: Child Resistant Closures Market, by End Use
10.1.1.4.5 South Korea: Child Resistant Closures Market -Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.6 South Korea: Child Resistant Closures Market, by Material
10.1.1.4.7 South Korea: Child Resistant Closures Market, by Material
10.1.1.4.8 South Korea: Child Resistant Closures Market, by Closure Type
10.1.1.4.9 South Korea: Child Resistant Closures Market, by End Use
10.1.1.5 Rest of Asia Pacific: Child Resistant Closures Market -Revenue and Forecast to 2028 (US$ Million)
10.1.1.5.1 Rest of Asia Pacific: Child Resistant Closures Market, by Material
10.1.1.5.2 Rest of Asia Pacific: Child Resistant Closures Market, by Material
10.1.1.5.3 Rest of Asia Pacific: Child Resistant Closures Market, by Closure Type
10.1.1.5.4 Rest of Asia Pacific: Child Resistant Closures Market, by End Use
11. Company Profile
11.1 Berry Global Inc.
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 AptarGroup, Inc.
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 O.Berk Company
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Georg MENSHEN GmbH and Co. KG
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Tecnocap S.p.A.
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 United Caps
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 HEINLEIN PLASTIK-TECHNIK GMBH
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 BERICAP
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
12. Appendix
12.1 About the Publisher
12.2 Glossary of Terms
List of Tables
Table 1. Asia Pacific Child Resistant Closures Market -Revenue and Forecast to 2028 (US$ Million)
Table 2. Australia Child Resistant Closures Market, by Material- Revenue and Forecast to 2028 (US$ Million)
Table 3. Australia Child Resistant Closures Market, by Material- Volume and Forecast to 2028 (Thousand Units)
Table 4. Australia Child Resistant Closures Market, by Closure Type - Revenue and Forecast to 2028 (US$ Million)
Table 5. Australia Child Resistant Closures Market, by End Use - Revenue and Forecast to 2028 (US$ Million)
Table 6. China Child Resistant Closures Market, by Material - Revenue and Forecast to 2028 (US$ Million)
Table 7. China Child Resistant Closures Market, by Material - Volume and Forecast to 2028 (Thousand Units)
Table 8. China Child Resistant Closures Market, by Closure Type - Revenue and Forecast to 2028 (US$ Million)
Table 9. China Child Resistant Closures Market, by End Use - Revenue and Forecast to 2028 (US$ Million)
Table 10. India Child Resistant Closures Market, by Material -Revenue and Forecast to 2028 (US$ Million)
Table 11. India Child Resistant Closures Market, by Material - Volume and Forecast to 2028 (Thousand Units)
Table 12. India Child Resistant Closures Market, by Closure Type - Revenue and Forecast to 2028 (US$ Million)
Table 13. India Child Resistant Closures Market, by End Use- Revenue and Forecast to 2028 (US$ Million)
Table 14. Japan Child Resistant Closures Market, by Material - Revenue and Forecast to 2028 (US$ Million)
Table 15. Japan Child Resistant Closures Market, by Material - Volume and Forecast to 2028 (Thousand Units)
Table 16. Japan Child Resistant Closures Market, by Closure Type - Revenue and Forecast to 2028 (US$ Million)
Table 17. Japan Child Resistant Closures Market, by End Use - Revenue and Forecast to 2028 (US$ Million)
Table 18. South Korea Child Resistant Closures Market, by Material - Revenue and Forecast to 2028 (US$ Million)
Table 19. South Korea Child Resistant Closures Market, by Material - Volume and Forecast to 2028 ((Thousand Units)
Table 20. South Korea Child Resistant Closures Market, by Closure Type - Revenue and Forecast to 2028 (US$ Million)
Table 21. South Korea Child Resistant Closures Market, by End Use - Revenue and Forecast to 2028 (US$ Million)
Table 22. Rest of Asia Pacific Child Resistant Closures Market, by Material -Revenue and Forecast to 2028 (US$ Million)
Table 23. Rest of Asia Pacific Child Resistant Closures Market, by Material - Volume and Forecast to 2028 (Thousand Units)
Table 24. Rest of Asia Pacific Child Resistant Closures Market, by Closure Type - Revenue and Forecast to 2028 (US$ Million)
Table 25. Rest of Asia Pacific Child Resistant Closures Market, by End Use - Revenue and Forecast to 2028 (US$ Million)
Table 26. Glossary of Terms
List of Figures
Figure 1. Asia Pacific Child Resistant Closures Market Segmentation
Figure 2. Asia Pacific Child Resistant Closures Market Segmentation - By Country
Figure 3. Asia Pacific Child Resistant Closures Market Overview
Figure 4. Asia Pacific Child Resistant Closures Market, By Material
Figure 5. Asia Pacific Child Resistant Closures Market, By Country
Figure 6. Asia Pacific Child Resistant Closures Market, Industry Landscape
Figure 7. Porter's Five Forces Analysis
Figure 8. Expert Opinion
Figure 9. Ecosystem: Asia Pacific Child Resistant Closures Market
Figure 1. Asia Pacific Child Resistant Closures Market Impact Analysis of Drivers and Restraints
Figure 1. Asia Pacific Child Resistant Closures Market - Revenue and Forecast to 2028 (US$ Million)
Figure 1. Asia Pacific Child Resistant Closures Market Revenue Share, by Material (2021 and 2028)
Figure 1. Polypropylene: Child Resistant Closures Market - Revenue and Forecast to 2028 (US$ Million)
Figure 1. Polyethylene: Child Resistant Closures Market - Revenue and Forecast to 2028 (US$ Million)
Figure 1. Metal: Child Resistant Closures Market - Revenue and Forecast to 2028 (US$ Million)
Figure 1. Others: Child Resistant Closures Market - Revenue and Forecast to 2028 (US$ Million)
Figure 1. Asia Pacific Child Resistant Closures Market Revenue Share, by Closure Type (2021 and 2028)
Figure 1. Push and Turn: Child Resistant Closures Market - Revenue and Forecast to 2028 (US$ Million)
Figure 1. Squeeze and Turn: Child Resistant Closures Market - Revenue and Forecast to 2028 (US$ Million)
Figure 20. Others: Child Resistant Closures Market - Revenue and Forecast to 2028 (US$ Million)
Figure 21. Asia Pacific Child Resistant Closures Market Revenue Share, by End Use (2021 and 2028)
Figure 22. Pharmaceutical: Child Resistant Closures Market - Revenue and Forecast to 2028 (US$ Million)
Figure 23. Household Product: Child Resistant Closures Market - Revenue and Forecast to 2028 (US$ Million)
Figure 24. Cosmetic and Personal Care: Child Resistant Closures Market - Revenue and Forecast to 2028 (US$ Million)
Figure 25. Chemical and Fertilizer: Child Resistant Closures Market - Revenue and Forecast to 2028 (US$ Million)
Figure 26. Food and Beverages: Child Resistant Closures Market - Revenue and Forecast to 2028 (US$ Million)
Figure 27. Others: Child Resistant Closures Market - Revenue and Forecast to 2028 (US$ Million)
Figure 28. Geographic Overview of Asia Pacific Child Resistant Closures Market
Figure 29. Asia Pacific: Child Resistant Closures Market Revenue Share, by Key Country (2021 and 2028)
Figure 30. Australia: Child Resistant Closures Market -Revenue and Forecast to 2028 (US$ Million)
Figure 31. China: Child Resistant Closures Market -Revenue and Forecast to 2028 (US$ Million)
Figure 32. India: Child Resistant Closures Market -Revenue and Forecast to 2028 (US$ Million)
Figure 33. Japan: Child Resistant Closures Market -Revenue and Forecast to 2028 (US$ Million)
Figure 34. South Korea: Child Resistant Closures Market -Revenue and Forecast to 2028 (US$ Million)
Figure 35. Rest of Asia Pacific: Child Resistant Closures Market -Revenue and Forecast to 2028 (US$ Million)

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Berry Global Inc.
  • Aptargroup, Inc.
  • O.Berk Company
  • Georg Menshen Gmbh And Co. Kg
  • Tecnocap S.P.A.
  • United Caps
  • Heinlein Plastik-Technik Gmbh
  • Bericap