Over the past few years, rise in hazardous accidental cases among children has become a prime concern for manufacturers of medicinal products packaging. Hence, to decrease the mortality rate ratio, child-resistant closures has been developed by the manufacturers. Child resistant closures, one of the security purpose closures, signifies the last barrier, has an important part to play in solving the problems created between the infant and the packaged content. They are subjected to test methods which are enacted by the International Organization for Standardization (ISO) and the European Committee for Standardization (CEN). Packaging manufacturers are aimed to produce closures with child resistant security in accordance with government regulations to prevent potential hazardous to children. Although, for this type of safety packaging, awareness among industries has been increased, knowledge about the subtleties and differences is often lacking. However, child-resistant closures has reduced child mortality from the accidental intake of oral prescription drugs. Henceforth, this million dollar industry is expected to register impressive CAGR near in the future.
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Child-Resistant Closure Market: Drivers & Restraints
Child resistant closures market is expected to grow exponentially in the near future, primarily due to the growing awareness among consumers, rising demand for drug packaging in pharmaceutical industry are some of the major drivers of the global child-resistant closures market. Government regulatory procedures like FDA in some of the key nations has led a positive impact on this industry. Though the market seems optimistic in coming years, but preventing children from gaining easy access to medicinal products will not be easy to overcome. However, the global child-resistant closures market is expected to witness upward development during the forecast period 2016–2024, primarily due to rise in packaging industry.
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