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)

Code: BMIRE00027504 | Pages: 101 | Industry: Chemicals and Materials | Date: Nov 2022 | Type: Regional

The child resistant closures market in South & Central America is expected to grow from US$ 197.17 million in 2022 to US$ 266.75 million by 2028. It is estimated to grow at a CAGR of 5.2% from 2022 to 2028.

 

Increased Demand for Child Resistant Closures Due to Growth in Pharmaceutical Industry

Child resistant closures are an essential requirement, especially when it is related to pharmaceuticals. Despite a decrease in cases of accidental poisoning in recent years, accidental child poisoning remains a significant risk in several homes, with prescription medicines and over-the-counter presenting the most significant risk. Growing sales of pharmaceuticals is a significant factor boosting the demand for child resistant closures. The growing demand for pharmaceutical products, such as over-the-counter drugs (OTC) is increasing the demand for these products. According to the IQVIA, during 2015-2020, the Brazilian pharmaceutical markets grew by 11.3%. Child resistant closures are designed to limit the danger of hazardous compounds that children accidentally ingest. The World Health Organization (WHO) considers child resistant closures one of the most effective methods for reducing accidental poisoning in children. It has minimized the incidence of medication-related deaths worldwide. Thus, the growing need for medicines across the region and the need to prevent acute poisoning is boosting the demand for child resistant closures.

 

Market Overview

South & Central America child resistant closure market is divided into Brazil, Argentina, and the rest of South & Central America. The population growth and continuous development have largely affected Brazil's and Argentina's economic growth. This region is showing more concern for child safety and adopting higher child resistance packaging to combat massive incidences of child poisoning in the region, propelling the South & Central America child resistance closures market growth. Moreover, technological advancements and the need for smart yet cost-effective packaging are anticipated to fuel the demand for child-resistant closures during the forecast period. Smart packaging is needed for safety and to maintain the quality of the product without any accidental consumption of drugs by children. Furthermore, child resistant closures are widely utilized in cosmetics and personal care products which is expected to boost the market growth in the region during the forecast period.

 

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.

 

 South & Central America Child Resistant Closures Market Revenue and Forecast to 2028 (US$ Million)

 South & Central America Child Resistant Closures Market Revenue and Forecast to 2028 (US$ Million)

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South & Central America Child Resistant Closures Market Segmentation 

 

The South & Central America 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 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 the largest market share in 2022.   
  • Based on country, the market is segmented into Brazil, Argentina, and Rest of SAM. Brazil dominated the market share in 2022.

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 are the leading companies operating in the child resistant closures market in the region.   

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners 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.           Middle East & Africa Child Resistant Closures Market Landscape

4.1         Market Overview

4.3         Expert Opinion

4.4         Ecosystem Analysis

5.           South & Central America Child Resistant Closures Market — Key Market Dynamics

5.1         Key Market Drivers

5.1.1        Increased Demand for Child Resistant Closures Due to Growth in Pharmaceutical Industry

5.1.2        Growing 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        Surging Demand for Cannabis-Infused Food and Beverages

5.4         Future Trends

5.4.1        Surging Demand for Eco-Friendly Child Resistant Closures

5.5         Impact Analysis of Drivers and Restraint

6.           South & Central America Child Resistant Closures Market Analysis

6.1         South & Central America Child Resistant Closures Market Overview

6.2         South & Central America Child Resistant Closures Market –Revenue and Forecast to 2028

7.           South & Central America Child Resistant Closures Market Analysis – By Material

7.1         Overview

7.2         South & Central America 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.           South & Central America Child Resistant Closures Market Analysis – By Closure Type

8.1         Overview

8.2         South & Central America 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.           South & Central America Child Resistant Closures Market Analysis – By End Use

9.1         Overview

9.2         South & Central America: 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.        South & Central America Child Resistant Closures Market Analysis

10.1      Overview

10.1.1.1       Brazil: Child Resistant Closures Market –Revenue and Forecast to 2028 (US$ Million)

10.1.1.1.1       Brazil: Child Resistant Closures Market, by Material

10.1.1.1.2       Brazil: Child Resistant Closures Market, by Material

10.1.1.1.3       Brazil: Child Resistant Closures Market, by Closure Type

10.1.1.1.4       Brazil: Child Resistant Closures Market, by End Use

10.1.1.2       Argentina: Child Resistant Closures Market –Revenue and Forecast to 2028 (US$ Million)

10.1.1.2.1       Argentina: Child Resistant Closures Market, by Material

10.1.1.2.2       Argentina: Child Resistant Closures Market, by Material

10.1.1.2.3       Argentina: Child Resistant Closures Market, by Closure Type

10.1.1.2.4       Argentina: Child Resistant Closures Market, by End Use

10.1.1.3       Rest of South & Central America: Child Resistant Closures Market –Revenue and Forecast to 2028 (US$ Million)

10.1.1.3.1       Rest of South & Central America: Child Resistant Closures Market, by Material

10.1.1.3.2       Rest of South & Central America: Child Resistant Closures Market, by Material

10.1.1.3.3       Rest of South & Central America: Child Resistant Closures Market, by Closure Type

10.1.1.3.4       Rest of South & Central America: 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 & 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 Insight Partners

12.2      Glossary of Terms

 

 

LIST OF TABLES

Table 1.             South & Central America Child Resistant Closures Market –Revenue and Forecast to 2028 (US$ Million)

Table 2.             Brazil Child Resistant Closures Market, by Material – Revenue and Forecast to 2028 (US$ Million)

Table 3.             Brazil Child Resistant Closures Market, by Material – Volume and Forecast to 2028 (Thousand Units)

Table 4.             Brazil Child Resistant Closures Market, by Closure Type – Revenue and Forecast to 2028 (US$ Million)

Table 5.             Brazil Child Resistant Closures Market, by End Use – Revenue and Forecast to 2028 (US$ Million)

Table 6.             Argentina Child Resistant Closures Market, by Material – Revenue and Forecast to 2028 (US$ Million)

Table 7.             Argentina Child Resistant Closures Market, by Material – Volume and Forecast to 2028 (Thousand Units)

Table 8.             Argentina Child Resistant Closures Market, by Closure Type – Revenue and Forecast to 2028 (US$ Million)

Table 9.             Argentina Child Resistant Closures Market, by End Use – Revenue and Forecast to 2028 (US$ Million)

Table 10.          Rest of South & Central America Child Resistant Closures Market, by Material – Revenue and Forecast to 2028 (US$ Million)

Table 11.          Rest of South & Central America Child Resistant Closures Market, by Material – Volume and Forecast to 2028 (Thousand Units)

Table 12.          Rest of South & Central America Child Resistant Closures Market, by Closure Type – Revenue and Forecast to 2028 (US$ Million)

Table 13.          Rest of South & Central America Child Resistant Closures Market, by End Use – Revenue and Forecast to 2028 (US$ Million)

Table 14.          Glossary of Terms

 

 

LIST OF FIGURES

Figure 1.           South & Central America Child Resistant Closures Market Segmentation

Figure 2.           South & Central America Child Resistant Closures Market Segmentation – By Country

Figure 3.           South & Central America Child Resistant Closures Market Overview

Figure 4.           South & Central America Child Resistant Closures Market, By Material

Figure 5.           South & Central America Child Resistant Closures Market, By Country

Figure 6.           South & Central America Child Resistant Closures Market, Industry Landscape

Figure 7.           Porter's Five Forces Analysis

Figure 8.           Expert Opinion

Figure 9.           Ecosystem: South & Central America Child Resistant Closures Market

Figure 10.        South & Central America Child Resistant Closures Market Impact Analysis of Drivers and Restraints

Figure 11.        South & Central America Child Resistant Closures Market – Revenue and Forecast to 2028 (US$ Million)

Figure 12.        South & Central America Child Resistant Closures Market Revenue Share, by Material (2021 and 2028)

Figure 13.        Polypropylene: Child Resistant Closures Market – Revenue and Forecast to 2028 (US$ Million)

Figure 14.        Polyethylene: Child Resistant Closures Market – Revenue and Forecast to 2028 (US$ Million)

Figure 15.        Metal: Child Resistant Closures Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16.        Others: Child Resistant Closures Market – Revenue and Forecast to 2028 (US$ Million)

Figure 17.        South & Central America Child Resistant Closures Market Revenue Share, by Closure Type (2021 and 2028)

Figure 18.        Push and Turn: Child Resistant Closures Market – Revenue and Forecast to 2028 (US$ Million)

Figure 19.        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.        South & Central America: 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 Child Resistant Closures Market

Figure 29.        South & Central America: Child Resistant Closures Market Revenue Share, by Key Country (2021 and 2028)

Figure 30.        Brazil: Child Resistant Closures Market –Revenue and Forecast to 2028 (US$ Million)

Figure 31.        Argentina: Child Resistant Closures Market –Revenue and Forecast to 2028 (US$ Million)

Figure 32.        Rest of South & Central America: Child Resistant Closures Market –Revenue and Forecast to 2028 (US$ Million)

  1. Berry Global Inc.
  2. AptarGroup, Inc.
  3. O.Berk Company                                         
  4. Georg MENSHEN GmbH & Co. KG
  5. Tecnocap S.p.A.                                             
  6. United Caps                                                    
  7. HEINLEIN PLASTIK-TECHNIK GMBH           
  8. BERICAP                                                          

 

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