Global First Aid Kit Packaging Market accrued revenue worth nearly 276.2 (USD Million) in 2019 and record the CAGR of about 3.9% over the period from 2020 to 2026.
New York, United States - October 28, 2020 /MarketersMedia/ —
According to the Zion Market Research analysts, the revenue produced by the global first aid kit packaging market has been anticipated to be about USD 276.2 million in 2019 and is projected to develop at approx 3.9% CAGR during the period from 2020 to 2026. Prominent players robustly active in the global first aid kit packaging market consist of A2B Plastics Ltd., Crownhill Packaging, The Durham Manufacturing Company, First Aid Supplies Pte Ltd., Gaggione, Fieldtex Products Inc., Reliance Medical Ltd., SYSPAL Ltd, Certified Safety Manufacturing Inc., Honeywell Industrial Safety USA Inc., Acme United Corporation (First Aid Only Inc.), Crest Medical Ltd., Masune First Aid, Inc., Lifeline First Aid LLC, Cintas Corporation, and Medline Industries Inc. The global first aid kit packaging market is extremely fragmented and the prominent players have utilized several strategies like expansions, new product launches, joint ventures, agreements, acquisitions, partnerships, and others to enhance their presence in this market. A new product was launched by Higher Gear Products® LLC in Feb 2018 dubbed Higher Gear Products First Aid Kit that is accessible for sale on the Amazon Marketplace. The first aid kit packaging pouch is developed as an add-on for vehicle, home, classroom, workplace, vacation travel, and outdoor adventures.
Rising Adoption Of First Aid Kits To Help Boost The Market Growth
The rising use of first aid kit packaging within the automotive industry and conformity for first aid kits in place of work are estimated to spur the need for the first aid kit packaging market around the world. The rising use for first aid kits from the athletic and sports market is projected to drive market growth in the coming period. Further, the rising requirement for lucrative packaging products while fulfilling the standards and rules set by the regulators is anticipated to propel the market growth. Moreover, the accessibility of online distribution channels for commercialization and sale of these products is also anticipated to fuel the market growth. The existence of compliances and regulations set by the regulators to have obligatory first aid kits in workplaces is projected to fuel the market growth in the coming period.
The global first aid kit packaging market is bifurcated based on type, product type, end-users, material type, and region. Based on type, cases or boxes have been a well-liked option for first aid kit packaging on account of their convenience, spaciousness, and durability. Cases or boxes segment of the market is further anticipated to hold the maximum share of the market during the forecast period.
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North America To Witness A Substantial Growth In The Market During The Forecast Period
North America is projected to add remarkably to the first aid kit packaging market stake during the forecast period owing to the introduction of strict worker safety rules by a number of regulatory bodies like OSHA and the increase in the need for medical kits for travel and household applications from individual consumers in this region. Moreover, Indian and Chinese governments have also made rules for health, environment, and safety at the offices, which are projected to drive the need for office first aid kit packaging in Asia Pacific. This is expected to boost the expansion of the first aid kit packaging market in this region.
The global first aid kit packaging market is segmented as follows:
By Product Type
By Material Type
Rest of Europe
Rest of Asia Pacific
Rest of Latin America
Middle East & Africa
Rest of Middle East & Africa
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