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 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.

TABLE OF CONTENTS

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)

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the South & Central America child resistant closures market.
● Highlights key business priorities in order to assist companies to realign their business strategies
● The key findings and recommendations highlight crucial progressive industry trends in the South & Central America child resistant closures market, thereby allowing players across the value chain to develop effective long-term strategies
● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
● Scrutinize in-depth South & Central America market trends and outlook coupled with the factors driving the child resistant closures market, as well as those hindering it
● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

The List of Companies – South & Central America Child Resistant Closures Market

● Berry Global Inc.
● AptarGroup, Inc.
● O.Berk Company                                         
● Georg MENSHEN GmbH & Co. KG          
● Tecnocap S.p.A.                                             
● United Caps                                                    
● HEINLEIN PLASTIK-TECHNIK GMBH           
● BERICAP                                                          

At 5.2% CAGR, the South & Central America Child Resistant Closures Market is speculated to be worth US$ 266.75 million by 2028, says The Insight Partners

According to The Insight Partners’ 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.

Cannabis, commonly known as marijuana, is a psychoactive drug obtained from the species of a flowering plant within the hemp family. Tetrahydrocannabinol (THC) is the main psychoactive agent and is among the prominent active compounds in the plant, including others such as terpenes and cannabidiol. Cannabis is widely consumed owing to its therapeutic and medicinal benefits. The cannabis-infused food has gained momentum due to the increasing popularity and consumption of cannabis by consumers. Cannabis-infused food and beverage made their first appearance in the market through baked goods such as cakes, brownies, and cookies. The other different varieties of cannabis-infused food and beverage products include popcorns, candies, gummy bears, chocolate bars, THC beverages, chips, and others. These food and beverage products are witnessing rapid growth due to increasing product innovation and new product launches by manufacturers. The legalization of cannabis in many countries for medicinal and recreational use fueled the demand for cannabis-infused food and beverage. Such regulations are expected to propel the growth of the child resistant closure market during the forecast period.

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.