Report : South & Central America Child Resistant Closures Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Material (Polypropylene, Polyethylene, Metal, and Others), Closure Type (Push and Turn, Squeeze and Turn, Others), and End Use (Pharmaceutical, Household Product, Cosmetic and Personal Care, Chemicals and Fertilizer, Food and Beverage, and Others)
At 5.2% CAGR, the South & Central America Child Resistant Closures Market is speculated to be worth US$ 266.75 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the South & Central America child resistant closures market was valued at US$ 197.17 million in 2022 and is expected to reach US$ 266.75 million by 2028, registering an annual growth rate of 5.2% from 2022 to 2028. Surging demand for eco-friendly child resistant closures and increased demand for child resistant closures due to growth in pharmaceutical industry.
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On the contrary, lack of regulations across the region.
- Based on material, the South & Central America child resistant closures market is segmented into polypropylene, polyethylene, metal, and others. The polypropylene segment held 60.6% market share in 2022, amassing US$ 119.57 million. It is projected to garner US$ 160.80 million by 2028 to expand at 5.1% CAGR during 2022–2028.
- Based on closure type, the South & Central America child resistant closures market is categorized into push and turn, squeeze and turn, and others. The push and turn segment held 59.6% market share in 2022, amassing US$ 117.55 million. It is projected to garner US$ 163.87 million by 2028 to expand at 5.7% CAGR during 2022–2028.
- Based on end user, the South & Central America 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 27.1% market share in 2022, amassing US$ 53.53 million. It is projected to garner US$ 73.24 million by 2028 to expand at 5.4% CAGR during 2022–2028.
- Based on country, the South & Central America child resistant closures market has been segmented into Brazil, Argentina, and Rest SAM. Our regional analysis states that Brazil captured 48.3% market share in 2022. It was assessed at US$ 95.25 million in 2022 and is likely to hit US$ 133.57 million by 2028, exhibiting a CAGR of 5.8% during the forecast period.
Key players dominating the South & Central America child resistant closures market are Berry Global Inc.; AptarGroup, Inc.; O. Berk Company; Georg MENSHEN GmbH & Co. KG; Tecnocap S.p.A.; United Caps; HEINLEIN PLASTIK-TECHNIK GMBH; and BERICAP among others.
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