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Buttress Closures Market

Market Insights on Buttress Closures covering sales outlook, demand forecast & up-to-date key trends

Buttress Closures Market By Material Type (Plastic Buttress Closures, HDPE, Polyethylene (PE), LDPE/LLDPE, HDPE, Polypropylene (PP), Polyethylene Terephthalate (PET), Metal Buttress Closures), End Use (Buttress Closures for Beverages, Non-Carbonated Drinks) & Region - Forecast 2022-2032

Buttress Closures Market Overview

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

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.

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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.

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.

Ismail Sutaria
Principal Consultant
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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.

Market Competition

The eminent players of the global buttress closures market include BERICAP, Holding GmbH, O.Berk, Tri-Sure, Mold-Rite Plastics, among others.

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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 Billion, Volume in Kilotons and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

Segments Covered

  • Material Type
  • End-Use
  • Region

Regions Covered

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East and Africa

Key Countries Profiled

  • U.S
  • Canada
  • Brazil
  • Argentina
  • Germany
  • U.K
  • France
  • Spain
  • Italy
  • Nordics
  • BENELUX
  • Australia & New Zealand
  • China
  • India
  • ASEAN
  • GCC
  • South Africa

Key Companies Profiled

  • O.Berk Company LLC
  • Tri-Sure USA
  • Mold-Rite Plastics
  • BERICAP Holdings GmbH

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Key Segments Profiled in the Global Buttress Closures Market

Material Type:

  • Plastic Buttress Closures
  • HDPE
  • 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

FMI projects the global buttress closures market to expand at a 7% value CAGR through 2032.

Europe is expected to provide incredible growth opportunities for buttress closures, reflecting a 6.3% CAGR

BERICAP, Holding GmbH, O.Berk, Tri-Sure, and Mold-Rite Plastics are some prominent manufacturers.

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Ismail Sutaria
Principal Consultant
LinkedIn
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Buttress Closures Market