Buttress Closures Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0209643
  • Format: Electronic (PDF)
  • Number of Pages: 198
  • Author(s): Joshi, Madhavi

Report Overview

The Buttress Closures Market size was estimated at USD 650 million in 2023 and is projected to reach USD 1.15 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8.60% during the forecast period (2024-2030).

Buttress Closures Market

(Market Size)
$650 million
$1.15 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 8.60%
2023 Market Size USD 650 million
2030 Market Size USD 1.15 billion
Key Players Berry Global, AptarGroup, Guala Closures, Pelliconi, Closure Systems International

Market Summary

The buttress closures market is a specialized segment within the global packaging industry, primarily serving sectors that require secure and tamper-evident packaging solutions. These closures are characterized by their unique thread design, which facilitates easy opening and resealing, making them highly suitable for a variety of containers, particularly in food, beverage, pharmaceutical, and personal care industries. The market is driven by the increasing consumer demand for convenience and product safety, alongside stringent regulatory standards mandating tamper-resistant packaging. Manufacturers are continuously innovating to enhance the functionality and aesthetics of buttress closures, incorporating features such as child-resistant mechanisms and improved seal integrity. The market is also influenced by sustainability trends, with a growing emphasis on recyclable materials and reduced environmental impact. Key players are focusing on expanding their product portfolios and geographic reach to cater to the evolving needs of end-users. The competitive landscape is marked by the presence of both global and regional manufacturers, each striving to gain a competitive edge through technological advancements and strategic partnerships. The buttress closures market is poised for steady growth, supported by the robust expansion of end-use industries and the ongoing shift towards advanced packaging solutions.

Key Highlights

The buttress closures market is distinguished by several key highlights that underscore its significance in the packaging sector. One of the foremost aspects is the superior mechanical strength and durability offered by these closures, which ensure product integrity and longevity. The design of buttress closures allows for efficient capping and decapping, reducing operational downtime in manufacturing processes. Another critical highlight is the versatility in material composition, with options including polypropylene, polyethylene, and other plastics, each selected based on specific application requirements such as chemical resistance or clarity. The market is also characterized by the integration of smart packaging technologies, such as RFID tags and QR codes, which enhance traceability and consumer engagement. Additionally, the trend towards lightweight packaging is prominent, as buttress closures contribute to overall weight reduction without compromising performance. The emphasis on customization is another highlight, with manufacturers offering tailored solutions in terms of color, size, and branding to meet client-specific needs. Regulatory compliance, particularly with FDA and EU standards, is a consistent focus, ensuring that products are safe for consumer use. These highlights collectively reinforce the value proposition of buttress closures in maintaining product quality and enhancing user experience.

Drivers, Opportunities & Restraints

The buttress closures market is propelled by several drivers, including the rising demand for convenient and user-friendly packaging solutions across various industries. The growth of the food and beverage sector, coupled with increasing health consciousness among consumers, is a significant driver, as it necessitates reliable and tamper-evident closures. Stringent government regulations regarding product safety and packaging standards further stimulate market growth, compelling manufacturers to adopt advanced closure systems. Opportunities in the market abound, particularly in emerging economies where rapid urbanization and disposable income growth are fueling the consumption of packaged goods. The expansion of e-commerce is another opportunity, as secure packaging becomes crucial for shipping and handling. Additionally, the trend towards sustainable packaging presents avenues for innovation, such as the development of bio-based plastics and recyclable closures. However, the market faces restraints, including volatility in raw material prices, which can impact production costs and profit margins. Environmental concerns related to plastic waste also pose challenges, leading to increased scrutiny and potential regulatory pressures. Competition from alternative closure types, such as screw caps and flip-top closures, may further restrain market growth. Despite these challenges, the ongoing technological advancements and strategic initiatives by key players are expected to mitigate restraints and capitalize on emerging opportunities.

Concentration Insights

The concentration of the buttress closures market is characterized by the presence of several established players and a competitive landscape that includes both global and regional manufacturers. Companies such as Berry Global, Closure Systems International, and AptarGroup are prominent in the market, leveraging their extensive product portfolios and robust distribution networks to maintain a strong foothold. These industry leaders focus on research and development to introduce innovative closure solutions that meet evolving consumer and regulatory demands. The market also features a significant number of small and medium-sized enterprises that cater to niche segments or specific geographic regions, often competing on the basis of price and customization. Geographically, the market concentration is highest in North America and Europe, where advanced packaging technologies and stringent safety standards drive demand. However, the Asia-Pacific region is witnessing rapid growth, attributed to expanding manufacturing capabilities and increasing consumption of packaged goods. Mergers and acquisitions are common strategies employed by key players to enhance their market presence and expand their customer base. The concentration insights reveal a dynamic market environment where innovation, strategic partnerships, and geographic expansion are critical for sustaining competitive advantage.

Type Insights

The buttress closures market can be segmented based on type, with variations including standard buttress closures, child-resistant closures, and tamper-evident closures. Standard buttress closures are widely used in applications where ease of opening and resealing is paramount, such as in food and beverage containers. These closures are typically made from materials like polypropylene or polyethylene, offering durability and cost-effectiveness. Child-resistant closures are designed to prevent accidental ingestion by children, incorporating mechanisms that require dexterity or strength to open, making them essential for pharmaceutical and household chemical products. Tamper-evident closures provide visible evidence of interference, ensuring product safety and integrity, which is crucial for industries like cosmetics and healthcare. Each type is engineered to meet specific functional requirements, with advancements in design focusing on improving user experience without compromising security. The choice of closure type is influenced by factors such as end-use application, regulatory mandates, and consumer preferences. Manufacturers are increasingly offering customizable options, including color matching, branding, and material selection, to align with client needs. The diversity in closure types underscores the market's adaptability to various industry demands, driving innovation and specialization.

Application Insights

Buttress closures find applications across multiple industries, with the food and beverage sector being the largest end-user. In this sector, these closures are used for packaging products such as sauces, dressings, beverages, and dairy items, where secure sealing and convenience are critical. The pharmaceutical industry relies on buttress closures for packaging medicines, vitamins, and supplements, often opting for child-resistant and tamper-evident variants to comply with safety regulations. The personal care and cosmetics industry utilizes these closures for products like lotions, shampoos, and creams, valuing their aesthetic appeal and functional reliability. Additionally, the household chemicals segment employs buttress closures for packaging detergents, cleaners, and other hazardous substances, prioritizing safety and leak prevention. Each application sector has distinct requirements, influencing the design and material selection of the closures. For instance, closures used in food applications must be FDA-approved and resistant to greases and oils, while those in pharmaceuticals need to meet USP standards for compatibility with drug formulations. The broad applicability of buttress closures highlights their versatility and essential role in ensuring product protection and user satisfaction across diverse markets.

Regional Insights

The buttress closures market exhibits varied dynamics across different regions, influenced by economic factors, industrial development, and consumer behavior. North America holds a significant share, driven by advanced packaging infrastructure, high consumer awareness, and stringent regulatory frameworks. The presence of major pharmaceutical and food processing companies in this region further bolsters demand. Europe follows closely, with a strong emphasis on sustainability and recycling, prompting manufacturers to develop eco-friendly closure solutions. The Asia-Pacific region is emerging as a high-growth market, fueled by rapid industrialization, urbanization, and increasing disposable incomes. Countries like China and India are key contributors, with expanding manufacturing sectors and rising consumption of packaged goods. Latin America and the Middle East and Africa are also witnessing growth, albeit at a slower pace, due to developing infrastructure and evolving regulatory environments. Regional insights reveal that while mature markets focus on innovation and compliance, emerging markets offer opportunities for expansion and penetration. Companies are tailoring their strategies to address regional specificities, such as cultural preferences and economic conditions, to maximize their market presence and capitalize on local growth drivers.

Company Insights

The buttress closures market features a competitive landscape with several key players dominating the industry. Berry Global Inc. is a leading manufacturer, known for its extensive range of packaging solutions and global reach. The company focuses on innovation and sustainability, offering closures made from recycled materials and advanced designs. Closure Systems International, another major player, specializes in dispensing and sealing solutions, with a strong emphasis on research and development to meet evolving market needs. AptarGroup is renowned for its expertise in drug delivery and consumer product dispensing, providing high-performance closures for pharmaceutical and personal care applications. Other notable companies include Silgan Holdings, which offers a diverse portfolio of closure products, and O.Berk Company, known for its customized packaging solutions. These companies invest heavily in technology and automation to enhance production efficiency and product quality. Strategic initiatives such as mergers, acquisitions, and partnerships are common, aimed at expanding market share and geographic presence. The competitive dynamics are characterized by a focus on customer-centric solutions, regulatory compliance, and environmental responsibility. Company insights highlight the importance of innovation and strategic positioning in maintaining leadership in the buttress closures market.

Recent Developments

Recent developments in the buttress closures market reflect ongoing innovation and strategic movements among key players. There has been a notable increase in the adoption of sustainable materials, with companies introducing closures made from post-consumer recycled content and bio-based plastics. For instance, several manufacturers have launched closures that are fully recyclable and designed to reduce environmental impact. Technological advancements have also been prominent, including the integration of smart features such as NFC tags and sensors that provide consumers with product information and authenticity verification. Mergers and acquisitions continue to shape the market, with companies seeking to enhance their capabilities and expand their product offerings. For example, recent acquisitions have focused on strengthening presence in emerging markets and acquiring niche technologies. Collaborations between closure manufacturers and brand owners are on the rise, aimed at co-developing customized solutions that address specific application needs. Additionally, investments in automation and Industry 4.0 technologies are improving manufacturing efficiency and reducing costs. These developments underscore the market's responsiveness to trends such as sustainability, digitalization, and customization, driving continuous evolution and growth in the buttress closures sector.

Report Segmentation

The buttress closures market report is segmented to provide a comprehensive analysis of various aspects influencing the industry. The segmentation is based on type, which includes standard buttress closures, child-resistant closures, and tamper-evident closures, each catering to specific functional requirements and safety standards. Application segmentation covers key end-use industries such as food and beverage, pharmaceuticals, personal care and cosmetics, and household chemicals, highlighting the diverse usage and demand drivers across sectors. Material segmentation encompasses polypropylene, polyethylene, and other plastics, reflecting the importance of material properties in determining closure performance and suitability. Geographic segmentation divides the market into regions including North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa, offering insights into regional trends, growth patterns, and opportunities. Additionally, the report may include segmentation by capacity or size, addressing the varying needs of different packaging formats. This structured approach allows for a detailed examination of market dynamics, competitive landscape, and future prospects, enabling stakeholders to make informed decisions based on specific segments of interest. The segmentation ensures that the report delivers targeted insights, catering to the needs of investors, manufacturers, and other market participants.

FAQs

What are buttress closures used for? Buttress closures are primarily used in packaging applications to provide secure sealing and easy opening for containers. They are commonly employed in industries such as food and beverage, pharmaceuticals, personal care, and household chemicals to ensure product integrity, tamper evidence, and user convenience.

How do buttress closures differ from other closure types? Buttress closures feature a unique thread design that allows for quick and effortless twisting, making them ideal for applications requiring frequent access. Unlike standard screw caps, they offer enhanced mechanical strength and are often designed with additional features like child resistance or tamper evidence, setting them apart in terms of functionality and safety.

What materials are commonly used in buttress closures? The most common materials for buttress closures include polypropylene and polyethylene due to their durability, chemical resistance, and cost-effectiveness. These materials are selected based on the specific requirements of the application, such as compatibility with contents and regulatory standards.

Are buttress closures recyclable? Many buttress closures are recyclable, especially those made from mono-materials like polypropylene or polyethylene. Manufacturers are increasingly focusing on sustainability by developing closures that are compatible with existing recycling streams and incorporating recycled content.

What industries benefit most from buttress closures? Industries such as food and beverage, pharmaceuticals, and personal care benefit significantly from buttress closures due to their need for reliable, tamper-evident, and user-friendly packaging. These closures help maintain product freshness, safety, and compliance with industry regulations.

Can buttress closures be customized? Yes, buttress closures can be customized in terms of size, color, material, and additional features like branding or smart technology integration. Manufacturers work closely with clients to develop tailored solutions that meet specific packaging requirements and enhance brand identity.

Citius Research has developed a research report titled “Buttress Closures Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Buttress Closures Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Buttress Closures Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Buttress Closures Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Buttress Closures Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Buttress Closures Market
• Research Methodology
• Executive Summary
• Market Dynamics of Buttress Closures Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Buttress Closures Market
• Cost and Gross Margin Analysis of Buttress Closures Market
• Buttress Closures Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Buttress Closures Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Buttress Closures Market Key Stakeholders

Below are the key stakeholders for the Buttress Closures Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Buttress Closures Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Buttress Closures Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Buttress Closures Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Buttress Closures Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Buttress Closures Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Buttress Closures Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Buttress Closures Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Buttress Closures Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Buttress Closures Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Buttress Closures Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Buttress Closures Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Buttress Closures Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Buttress Closures Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Buttress Closures Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Buttress Closures Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Buttress Closures Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Buttress Closures Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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