At 5.2% CAGR, the South & Central America Child Resistant Closures Market is projected 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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