[250 Pages Report] The global buttress closures sales are anticipated to secure a significant market value in 2022 expected to grow considerably by 2032. The predicted growth rate is 7% during the forecast period from 2022 to 2032. The increasing demand for effective packaging solutions in the food and beverage industries is expected to play the most significant factor in driving the market in the coming period.
Report Attribute
Details
Projected Growth Rate (2022-2032)
7% CAGR
Buttress closures are used to seal the compartment of a tube, container, or other packaged product. Metal and plastic are generally used to produce these closures. Buttress closures reduce spillage, provide protection against outside contamination, and ensure item quality throughout the inventory network.
Further, other benefits provided by buttress closures such as; temperature tolerance, high rigidity, oxygen & moisture barrier, and impact resistance make them a suitable option for several containers. In addition, child-resistant buttress closures are expected to gain popularity in several end-use sectors in the coming period.
On the basis of material, the market can be classified into various segments. Among all, Polyethylene is projected to be the largest segment, in terms of value, during the assessment period. It goes through various processes such as; molding technologies, like extrusion, blow molding, injection molding, and others to offer caps and closures for use in various sectors like pharmaceuticals, food and beverage, and others.
Polyethylene witnesses a significant demand in the aforementioned services because of its chemical resistance, abrasion resistance, flexibility, and flawless low-temperature toughness.
Overall, the market is projected to hold various opportunities for expansion and the industry is likely to show positive growth in the forecast period
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What are the Factors Spearheading the Global Buttress Closures Demand?
The food & beverage sector has experienced significant growth over the past few years. This expansion of the sector has resulted in a notable surge in the demand for effective packaging solutions that can offer longer shelf life to edibles. That is why buttress closures sales are predicted to surge notably. Buttress closures have been concluded as one of the most adequate options to offer an accomplished packaging style.
With the advent of preeminent alcohol brands, beverage consumption has surged manifold over the past few decades. Besides, there have been innovative steps taken by the major players of the market, driving the industry to a higher position. Besides the food and beverage sector, pharmaceuticals and cosmetics & personal care sectors have been identified as a lucrative domain, offering various avenues of market expansion in the assessment period.
Furthermore, the manufacturers of the industry are aiming to develop lightweight closure to achieve the first-mover benefit. Vertical integration and industry consolidation are expected to reveal various opportunities for expansion in the concerned industry. The market is anticipated to expand at a remarkable CAGR with a notable rise in buttress closures demand during the forecast period.
What are the Factors Thwarting the Global Buttress Closures Sales?
Environment regulations owing to the usage of plastic are expected to be the key factor hampering the buttress closures demand during the forecast period. As per various observations, it has been concluded that plastic pollution would contaminate the bottom of the Mariana Trench soon and cause whale deaths, causing upheavals in water bodies.
In order to prevent the usage of single-use plastics, players are already observing the issue and attempting to resolve the matter. Various initiatives are being taken to educate the citizens and states are taking stringent actions to beat plastic pollution.
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What is the Contribution of APAC in Driving the Buttress Closures Market?
As per the observations, APAC is projected to stay at the forefront position during the forecast period. The growth of the regional market can be attributed to the growing demand for ready-to-drink beverages, thereby, boosting the buttress closures demand. Among all, China is predicted to take a lead in the buttress closures sales. Further, India is anticipated to have a lot of opportunities owing to the rapid technological developments going on in the food and beverage sector and the rising disposable income, thereby, enhancing the buttress closures demand.
The fast advancements going in the end-user sectors are predicted to provide notable growth opportunities for the market in the forecast period. The increasing consumption of alcohol in countries like India is anticipated to augment the market in the assessment period. As per the National Family Health Survey-4 (NFHS-4), in India, an estimation of 160 million consume alcohol.
What is the Role of Europe in Boosting the Buttress Closures Demand?
According to the observations, Europe is projected to be a strong market and is expected to expand at a notable CAGR of 6.3% during the forecast period. The expansion of the regional market can be attributed to the flourishing food and beverage industry, resulting in increased buttress closures demand. Besides, the presence of established players in the region is anticipated to drive the market considerably. For instance, Holding GmBh is likely to make a significant contribution in driving the buttress closures sales.
The EU is the largest exporter of food and drink products in the world. As per the estimations, the EU food, and drink industry generated about 1.1 trillion euros and 22 billion euros in value-added, which makes the food and drink industry one of the most developed industries in the region.
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Market Competition
The eminent players of the global buttress closures market include BERICAP, Holding GmbH, O.Berk, Tri-Sure, Mold-Rite Plastics, among others.
Scope of Report
Report Attribute
Details
Growth Rate
CAGR of 7% from 2022 to 2032
Base Year for Estimation
2021
Historical Data
2015-2020
Forecast Period
2022-2032
Quantitative Units
Revenue in USD Million, Volume in Kilotons and CAGR from 2022-2032
Report Coverage
Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Key Segments Profiled in the Global Buttress Closures Market
Material Type:
Plastic Buttress Closures
Polyethylene (PE)
LDPE/LLDPE
HDPE
Polypropylene (PP)
Polyethylene Terephthalate (PET)
Others (PS, etc.)
Metal Buttress Closures
End Use:
Buttress Closures for Beverages
Non-Carbonated Drinks
Frequently Asked Questions
What is the anticipated growth of the Buttress Closures Market until 2032?
FMI projects the global buttress closures market to expand at a 7% value CAGR through 2032.
Which region is forecast to be the most lucrative for buttress closures market growth?
Europe is expected to provide incredible growth opportunities for buttress closures, reflecting a 6.3% CAGR
Which are some prominent buttress closures manufacturers?
BERICAP, Holding GmbH, O.Berk, Tri-Sure, and Mold-Rite Plastics are some prominent manufacturers.
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Impact of Covid-19
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Macro Factors and Forecast Factors
3.4. Value Chain Analysis
3.4.1. Profit Margin Analysis
3.4.2. Raw Material Suppliers
3.4.3. Manufacturers, Wholesalers and Distributors
3.4.4. End Users/ Customers
3.5. Regional Parent Market Outlook
3.6. Production and Consumption Statistics
3.7. Global Average Pricing Analysis Benchmark
4. Global Buttress Closures Market Analysis 2015-2021 and Forecast, 2022-2032
4.1. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis, 2015-2021
4.2. Current and Future Market Size Value (US$ Mn) & Volume (Units) Projections, 2022-2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Buttress Closures Market Analysis 2015–2021 and Forecast 2022–2032, By Material
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Material, 2015-2021
5.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Material, 2022-2032
5.3.1. Plastic
5.3.2. Metal
5.4. Y-o-Y Growth Trend Analysis By Material, 2015-2021
5.5. Absolute $ Opportunity Analysis By Material, 2022-2032
6. Global Buttress Closures Market Analysis 2015–2021 and Forecast 2022–2032, By Production Process
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Production Process, 2015-2021
6.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Production Process, 2022-2032
6.3.1. Injection Molding
6.3.2. Compression Molding
6.4. Y-o-Y Growth Trend Analysis By Production Process, 2015-2021
6.5. Absolute $ Opportunity Analysis By Production Process, 2022-2032
7. Global Buttress Closures Market Analysis 2015–2021 and Forecast 2022–2032, By End Use
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By End Use, 2015-2021
7.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By End Use, 2022-2032
7.3.1. Food
7.3.2. Beverage
7.3.3. Pharmaceuticals
7.3.4. Cosmetic & Personal Care
7.3.5. Homecare
7.3.6. Chemicals
7.3.7. Other Consumer Goods
7.4. Y-o-Y Growth Trend Analysis By End Use, 2015-2021
7.5. Absolute $ Opportunity Analysis By End Use, 2022-2032
8. Global Buttress Closures Market Analysis 2015–2021 and Forecast 2022–2032, by Region
8.1. Introduction / Key Findings
8.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Region, 2015-2021
8.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Region, 2022-2032
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. East Asia
8.3.5. South Asia
8.3.6. Oceania
8.3.7. Middle East and Africa (MEA)
8.4. Market Attractiveness Analysis, by Region
9. North America Buttress Closures Market Analysis 2015–2021 and Forecast 2022–2032, By Country
9.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2015-2021
9.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
9.2.1. By Country
9.2.1.1. U.S.
9.2.1.2. Canada
9.2.2. By Material
9.2.3. By Production Process
9.2.4. By End Use
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Material
9.3.3. By Production Process
9.3.4. By End Use
9.4. Key Takeaways
10. Latin America Buttress Closures Market Analysis 2015–2021 and Forecast 2022–2032, By Country
10.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2015-2021
10.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Argentina
10.2.1.4. Chile
10.2.1.5. Peru
10.2.1.6. Rest of Latin America
10.2.2. By Material
10.2.3. By Production Process
10.2.4. By End Use
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Material
10.3.3. By Production Process
10.3.4. By End Use
10.4. Key Takeaways
11. Europe Buttress Closures Market Analysis 2015–2021 and Forecast 2022–2032, By Country
11.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2015-2021
11.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. Italy
11.2.1.3. France
11.2.1.4. U.K.
11.2.1.5. Spain
11.2.1.6. BENELUX
11.2.1.7. Nordic
11.2.1.8. Russia
11.2.1.9. Poland
11.2.1.10. Rest of Europe
11.2.2. By Material
11.2.3. By Production Process
11.2.4. By End Use
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Material
11.3.3. By Production Process
11.3.4. By End Use
11.4. Key Takeaways
12. East Asia Buttress Closures Market Analysis 2015–2021 and Forecast 2022–2032, By Country
12.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2015-2021
12.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
12.2.1. By Country
12.2.1.1. China
12.2.1.2. Japan
12.2.1.3. South Korea
12.2.2. By Material
12.2.3. By Production Process
12.2.4. By End Use
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Material
12.3.3. By Production Process
12.3.4. By End Use
12.4. Key Takeaways
13. South Asia Buttress Closures Market Analysis 2015–2021 and Forecast 2022–2032, By Country
13.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2015-2021
13.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
13.2.1. By Country
13.2.1.1. India
13.2.1.2. Thailand
13.2.1.3. Malaysia
13.2.1.4. Indonesia
13.2.1.5. Rest of South Asia
13.2.2. By Material
13.2.3. By Production Process
13.2.4. By End Use
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Material
13.3.3. By Production Process
13.3.4. By End Use
13.4. Key Takeaways
14. Oceania Buttress Closures Market Analysis 2015–2021 and Forecast 2022–2032, By Country
14.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2015-2021
14.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
14.2.1. By Country
14.2.1.1. Australia
14.2.1.2. New Zealand
14.2.2. By Material
14.2.3. By Production Process
14.2.4. By End Use
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Material
14.3.3. By Production Process
14.3.4. By End Use
14.4. Key Takeaways
15. Middle East & Africa Buttress Closures Market Analysis 2015–2021 and Forecast 2022–2032, By Country
15.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2015-2021
15.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
15.2.1. By Country
15.2.1.1. GCC Countries
15.2.1.2. Turkey
15.2.1.3. Northern Africa
15.2.1.4. South Africa
15.2.1.5. Rest of MEA
15.2.2. By Material
15.2.3. By Production Process
15.2.4. By End Use
15.3. Market Attractiveness Analysis
15.3.1. By Country
15.3.2. By Material
15.3.3. By Production Process
15.3.4. By End Use
15.4. Key Takeaways
16. Country wise Buttress Closures Market Analysis
16.1. United States (U.S.)
16.1.1. Market Share Analysis, 2022
16.1.2. By Material
16.1.3. By Production Process
16.1.4. By End Use
16.2. Canada
16.2.1. Market Share Analysis, 2022
16.2.2. By Material
16.2.3. By Production Process
16.2.4. By End Use
16.3. Brazil
16.3.1. Market Share Analysis, 2022
16.3.2. By Material
16.3.3. By Production Process
16.3.4. By End Use
16.4. Mexico
16.4.1. Market Share Analysis, 2022
16.4.2. By Material
16.4.3. By Production Process
16.4.4. By End Use
16.5. Germany
16.5.1. Market Share Analysis, 2022
16.5.2. By Material
16.5.3. By Production Process
16.5.4. By End Use
16.6. Italy
16.6.1. Market Share Analysis, 2022
16.6.2. By Material
16.6.3. By Production Process
16.6.4. By End Use
16.7. France
16.7.1. Market Share Analysis, 2022
16.7.2. By Material
16.7.3. By Production Process
16.7.4. By End Use
16.8. Spain
16.8.1. Market Share Analysis, 2022
16.8.2. By Material
16.8.3. By Production Process
16.8.4. By End Use
16.9. U.K.
16.9.1. Market Share Analysis, 2022
16.9.2. By Material
16.9.3. By Production Process
16.9.4. By End Use
16.10. Russia
16.10.1. Market Share Analysis, 2022
16.10.2. By Material
16.10.3. By Production Process
16.10.4. By End Use
16.11. China
16.11.1. Market Share Analysis, 2022
16.11.2. By Material
16.11.3. By Production Process
16.11.4. By End Use
16.12. Japan
16.12.1. Market Share Analysis, 2022
16.12.2. By Material
16.12.3. By Production Process
16.12.4. By End Use
16.13. India
16.13.1. Market Share Analysis, 2022
16.13.2. By Material
16.13.3. By Production Process
16.13.4. By End Use
16.14. GCC Countries
16.14.1. Market Share Analysis, 2022
16.14.2. By Material
16.14.3. By Production Process
16.14.4. By End Use
16.15. Australia
16.15.1. Market Share Analysis, 2022
16.15.2. By Material
16.15.3. By Production Process
16.15.4. By End Use
17. Market Structure Analysis
17.1. Competition Dashboard
17.2. Competition Benchmarking
17.3. Market Share Analysis of Top Players
17.3.1. By Region
17.3.2. By Product Portfolio
18. Competition Analysis
18.1. Competition Deep Dive
18.1.1. O.Berk Company LLC
18.1.1.1. Overview
18.1.1.2. Product Portfolio
18.1.1.3. Profitability by Market Segments (Product/Channel/Region)
18.1.1.4. Sales Footprint
18.1.1.5. Strategy Overview
18.1.1.5.1. Marketing Strategy
18.1.1.5.2. Product Strategy
18.1.1.5.3. Channel Strategy
18.1.2. Tri-Sure
18.1.2.1. Overview
18.1.2.2. Product Portfolio
18.1.2.3. Profitability by Market Segments (Product/Channel/Region)
18.1.2.4. Sales Footprint
18.1.2.5. Strategy Overview
18.1.2.5.1. Marketing Strategy
18.1.2.5.2. Product Strategy
18.1.2.5.3. Channel Strategy
18.1.3. Mold-Rite Plastics
18.1.3.1. Overview
18.1.3.2. Product Portfolio
18.1.3.3. Profitability by Market Segments (Product/Channel/Region)
18.1.3.4. Sales Footprint
18.1.3.5. Strategy Overview
18.1.3.5.1. Marketing Strategy
18.1.3.5.2. Product Strategy
18.1.3.5.3. Channel Strategy
18.1.4. Bericap Holding GmbH
18.1.4.1. Overview
18.1.4.2. Product Portfolio
18.1.4.3. Profitability by Market Segments (Product/Channel/Region)
18.1.4.4. Sales Footprint
18.1.4.5. Strategy Overview
18.1.4.5.1. Marketing Strategy
18.1.4.5.2. Product Strategy
18.1.4.5.3. Channel Strategy
18.1.5. MJS Packaging
18.1.5.1. Overview
18.1.5.2. Product Portfolio
18.1.5.3. Profitability by Market Segments (Product/Channel/Region)
18.1.5.4. Sales Footprint
18.1.5.5. Strategy Overview
18.1.5.5.1. Marketing Strategy
18.1.5.5.2. Product Strategy
18.1.5.5.3. Channel Strategy
18.1.6. Phoenix Closures, Inc.
18.1.6.1. Overview
18.1.6.2. Product Portfolio
18.1.6.3. Profitability by Market Segments (Product/Channel/Region)
18.1.6.4. Sales Footprint
18.1.6.5. Strategy Overview
18.1.6.5.1. Marketing Strategy
18.1.6.5.2. Product Strategy
18.1.6.5.3. Channel Strategy
18.1.7. Tolco Corporation
18.1.7.1. Overview
18.1.7.2. Product Portfolio
18.1.7.3. Profitability by Market Segments (Product/Channel/Region)
18.1.7.4. Sales Footprint
18.1.7.5. Strategy Overview
18.1.7.5.1. Marketing Strategy
18.1.7.5.2. Product Strategy
18.1.7.5.3. Channel Strategy
18.1.8. Savillex, LLC.
18.1.8.1. Overview
18.1.8.2. Product Portfolio
18.1.8.3. Profitability by Market Segments (Product/Channel/Region)
18.1.8.4. Sales Footprint
18.1.8.5. Strategy Overview
18.1.8.5.1. Marketing Strategy
18.1.8.5.2. Product Strategy
18.1.8.5.3. Channel Strategy
18.1.9. Maxipet S.A de C.V.
18.1.9.1. Overview
18.1.9.2. Product Portfolio
18.1.9.3. Profitability by Market Segments (Product/Channel/Region)
18.1.9.4. Sales Footprint
18.1.9.5. Strategy Overview
18.1.9.5.1. Marketing Strategy
18.1.9.5.2. Product Strategy
18.1.9.5.3. Channel Strategy
18.1.10. Alameda Packaging.
18.1.10.1. Overview
18.1.10.2. Product Portfolio
18.1.10.3. Profitability by Market Segments (Product/Channel/Region)
18.1.10.4. Sales Footprint
18.1.10.5. Strategy Overview
18.1.10.5.1. Marketing Strategy
18.1.10.5.2. Product Strategy
18.1.10.5.3. Channel Strategy
19. Assumptions and Acronyms Used20. Research Methodology
