| Product Code: ETC8836698 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Philippines buttress closures import market in 2024 continued to be dominated by top exporters such as China, South Korea, Italy, Hong Kong, and the USA. Despite a high level of market concentration, the industry experienced a significant decline with a negative Compound Annual Growth Rate (CAGR) of -20.88% from 2020 to 2024. The growth rate in 2024 showed a steep decline of -37.67% compared to the previous year, indicating challenges and changes in the market dynamics. This trend suggests the need for a strategic approach to navigate the evolving landscape of buttress closures imports in the Philippines.

The Philippines buttress closures market is expanding steadily due to the growing demand from the packaging industry. These closures, known for their strength and resistance to leakage, are widely used in sectors like chemicals, food and beverage, and pharmaceuticals. The increasing emphasis on safety and product preservation is expected to drive market growth in the coming years.
The buttress closures market in the Philippines is steadily evolving, driven by the demand for advanced medical devices used in surgical procedures. Buttress closures, essential in reinforcing sutures and providing better wound healing, are increasingly sought after in orthopedic and abdominal surgeries. With rising healthcare standards and improvements in surgical techniques, more hospitals and surgical centers are adopting these specialized closure products. Innovations in materials, such as absorbable and non-absorbable buttress closures, are contributing to improved outcomes and patient recovery times, which is driving market growth.
The Philippines Buttress Closures Market faces challenges due to the limited understanding of buttress closures and their applications in industries such as packaging, pharmaceuticals, and cosmetics. There is also limited availability of suppliers and manufacturers of these specialized closures, resulting in reliance on imports, which can drive up costs. Furthermore, there is a lack of consumer awareness regarding the benefits of using buttress closures, such as increased security and product freshness, which hampers demand in certain sectors. The market is also affected by the preference for alternative packaging solutions that offer cost benefits over buttress closures.
The Philippines Buttress Closures Market presents growth potential due to the increasing demand for high-quality packaging solutions across various industries, including pharmaceuticals, cosmetics, and food and beverages. Buttress closures are often used in packaging to provide a secure and tamper-proof seal, ensuring product safety and freshness. As industries look to enhance packaging designs and improve product integrity, the demand for innovative closure solutions is set to rise. Investment opportunities include the development of advanced, sustainable buttress closures, the adoption of new materials for eco-friendly packaging, and partnerships with packaging companies to expand production and distribution capabilities.
Government policies related to the construction and building industry play a role in the growth of the buttress closures market. The Department of Public Works and Highways (DPWH) provides guidelines and regulations for building construction, encouraging the use of durable and efficient materials, including buttress closures, which are essential in large-scale infrastructure projects.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Buttress Closures Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Buttress Closures Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Buttress Closures Market - Industry Life Cycle |
3.4 Philippines Buttress Closures Market - Porter's Five Forces |
3.5 Philippines Buttress Closures Market Revenues & Volume Share, By Material Type, 2021 & 2031F |
3.6 Philippines Buttress Closures Market Revenues & Volume Share, By End- Users, 2021 & 2031F |
4 Philippines Buttress Closures Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Buttress Closures Market Trends |
6 Philippines Buttress Closures Market, By Types |
6.1 Philippines Buttress Closures Market, By Material Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Buttress Closures Market Revenues & Volume, By Material Type, 2021- 2031F |
6.1.3 Philippines Buttress Closures Market Revenues & Volume, By Plastic, 2021- 2031F |
6.1.4 Philippines Buttress Closures Market Revenues & Volume, By Polyethylene, 2021- 2031F |
6.1.5 Philippines Buttress Closures Market Revenues & Volume, By LDPE/LLDPE, 2021- 2031F |
6.1.6 Philippines Buttress Closures Market Revenues & Volume, By HDPE, 2021- 2031F |
6.1.7 Philippines Buttress Closures Market Revenues & Volume, By Polypropylene, 2021- 2031F |
6.1.8 Philippines Buttress Closures Market Revenues & Volume, By Polyethylene Terephthalate, 2021- 2031F |
6.2 Philippines Buttress Closures Market, By End- Users |
6.2.1 Overview and Analysis |
6.2.2 Philippines Buttress Closures Market Revenues & Volume, By Beverages, 2021- 2031F |
6.2.3 Philippines Buttress Closures Market Revenues & Volume, By Non- Carbonated Drinks, 2021- 2031F |
6.2.4 Philippines Buttress Closures Market Revenues & Volume, By Alcoholic Beverages, 2021- 2031F |
6.2.5 Philippines Buttress Closures Market Revenues & Volume, By Bottled Water, 2021- 2031F |
6.2.6 Philippines Buttress Closures Market Revenues & Volume, By Fruit Beverages, 2021- 2031F |
6.2.7 Philippines Buttress Closures Market Revenues & Volume, By Ready to Drink Beverages, 2021- 2031F |
6.2.8 Philippines Buttress Closures Market Revenues & Volume, By Carbonated Drinks, 2021- 2031F |
6.2.9 Philippines Buttress Closures Market Revenues & Volume, By Carbonated Drinks, 2021- 2031F |
7 Philippines Buttress Closures Market Import-Export Trade Statistics |
7.1 Philippines Buttress Closures Market Export to Major Countries |
7.2 Philippines Buttress Closures Market Imports from Major Countries |
8 Philippines Buttress Closures Market Key Performance Indicators |
9 Philippines Buttress Closures Market - Opportunity Assessment |
9.1 Philippines Buttress Closures Market Opportunity Assessment, By Material Type, 2021 & 2031F |
9.2 Philippines Buttress Closures Market Opportunity Assessment, By End- Users, 2021 & 2031F |
10 Philippines Buttress Closures Market - Competitive Landscape |
10.1 Philippines Buttress Closures Market Revenue Share, By Companies, 2024 |
10.2 Philippines Buttress Closures Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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