Market Overview:
The global disc top closures market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for food and beverage products, pharmaceutical products, and personal care products. In addition, the growing population and rising income levels are also contributing to the growth of this market. The disc top closures market is segmented on the basis of type into 20-410, 24-410, 28-410, 18mm, 23mm, 24mm and others. The 20-410 segment is expected to dominate this market during the forecast period owing to its wide usage in various applications such as food and beverage industry, pharmaceutical industry etc. On the basis of application, this market is segmented into food and beverage industry; pharmaceutical industry; personal care products; other applications such as automotive components etc.; and region wise into North America; Latin America; Europe ; Asia Pacific ; Middle East & Africa . Among these regions , Asia Pacific accounted for majority share in 2017 due high demand from countries such as China , India , Japan etc., followed by Europe .
Product Definition:
Disc top closures are thin, round pieces of plastic that fit on the top of a container and are used to seal it. They can be made from different types of plastics, including polypropylene (PP), polyethylene terephthalate (PET), and high-density polyethylene (HDPE). Disc top closures help keep products fresh and prevent them from being contaminated. They also protect the contents of a container from UV light.
20-410:
20-410 is a medical term used for the torque measurement in inch-pounds (ip) or foot-pounds (ft.-lb). The higher the number, the stronger the gear. It is widely used on automotive transmission because it has to meet torque requirements of different components such as engine and drive shafts. Torque measurement ensures that fasteners are securely installed during assembly and also helps diagnose problems with engines, transmissions, driveshafts and other vehicle components.
24-410:
24-410 is a type of medical tubing used to connect two or more devices. It can be used in various applications such as infusion sets, bloodlines, central venous catheters and peripherally inserted central venous catheters (PICVC). The 24-410 size range is most commonly utilized for intravenous cannulation.
The demand for 24- 410 has been on the rise due to its increasing utilization in PICVCs.
Application Insights:
The food and beverage application segment led the global disc top closures market in 2017. The segment is projected to expand at a CAGR of XX% over the forecast period owing to factors such as growing demand for packaged foods, including ready-to-eat meals, frozen meals, snacks and desserts among others.
The pharmaceutical industry was the second largest application of disc top closures in 2017. This is attributed to high product usage in packaging various pharmaceutical products such as tablets, pills and capsules among others. In addition, increasing R&D activities pertaining to new formulations that are able to deliver drugs inside cells without damage caused by heat or pressure is expected to propel product demand from pharma industry over the coming years.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of pharmaceutical and biopharmaceutical companies. The region is expected to maintain its dominance over the forecast period due to factors such as increasing R&D activities, high healthcare spending, and growing adoption of advanced technologies.
Asia Pacific is anticipated to be one of the fastest-growing regional markets from 2018 to 2030 owing with rapid economic growth in emerging countries such as China and India. In addition, rising disposable income levels are likely boost product demand across this region over the next eight years. Europe also held a significant share in terms of revenue generation for global disc top closures market on account of high adoption rates for technologically advanced products across this region coupled with stringent regulations regarding waste management practices within industries operating within this region.
Growth Factors:
- Increasing demand from food and beverage industry: The global food and beverage industry is expected to grow at a CAGR of 4.5% during the forecast period, which is expected to drive the demand for disc top closures.
- Rising demand for lightweight packaging: Disc top closures are made of lightweight materials such as plastic and aluminum, which makes them ideal for packaging products that require lightweight packaging solutions. This is expected to drive the growth of the disc top closures market during the forecast period.
- Growing popularity of screw caps: Screw caps are becoming increasingly popular as an alternative closure type due to their many benefits over traditional cork stoppers, such as resistance against oxidation and superior sealing properties. This is expected to fuel the growth of the disc top closures market in coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Disc Top Closures Market Research Report
By Type
20-410, 24-410, 28-410, 18mm, 23mm, 24mm, Others
By Application
Food and Beverage, Pharmaceutical Industry, Personal Care Products, Other
By Companies
BodyPak Limited, O.Berk, Berry, C.L. Smith, Aptar Group, Frapak Packaging, Yulin Plastic Packing Factory, Kaufman Container, Spectra Packaging, Giflor
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
223
Number of Tables & Figures
157
Customization Available
Yes, the report can be customized as per your need.
Global Disc Top Closures Market Report Segments:
The global Disc Top Closures market is segmented on the basis of:
Types
20-410, 24-410, 28-410, 18mm, 23mm, 24mm, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food and Beverage, Pharmaceutical Industry, Personal Care Products, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BodyPak Limited
- O.Berk
- Berry
- C.L. Smith
- Aptar Group
- Frapak Packaging
- Yulin Plastic Packing Factory
- Kaufman Container
- Spectra Packaging
- Giflor
Highlights of The Disc Top Closures Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 20-410
- 24-410
- 28-410
- 18mm
- 23mm
- 24mm
- Others
- By Application:
- Food and Beverage
- Pharmaceutical Industry
- Personal Care Products
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Disc Top Closures Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Disc Top Closures are a type of disc brake system that uses a series of discs to stop the bike. The discs are attached to the hub and rotate when you pedal. This system is more expensive than other types of brakes, but it offers better stopping power and durability.
Some of the major players in the disc top closures market are BodyPak Limited, O.Berk, Berry, C.L. Smith, Aptar Group, Frapak Packaging, Yulin Plastic Packing Factory, Kaufman Container, Spectra Packaging, Giflor.
The disc top closures market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Disc Top Closures Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Disc Top Closures Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Disc Top Closures Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Disc Top Closures Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Disc Top Closures Market Size & Forecast, 2020-2028
4.5.1 Disc Top Closures Market Size and Y-o-Y Growth
4.5.2 Disc Top Closures Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 20-410
5.2.2 24-410
5.2.3 28-410
5.2.4 18mm
5.2.5 23mm
5.2.6 24mm
5.2.7 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Food and Beverage
6.2.2 Pharmaceutical Industry
6.2.3 Personal Care Products
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Disc Top Closures Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Disc Top Closures Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 20-410
9.6.2 24-410
9.6.3 28-410
9.6.4 18mm
9.6.5 23mm
9.6.6 24mm
9.6.7 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Food and Beverage
9.10.2 Pharmaceutical Industry
9.10.3 Personal Care Products
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 20-410
10.6.2 24-410
10.6.3 28-410
10.6.4 18mm
10.6.5 23mm
10.6.6 24mm
10.6.7 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Food and Beverage
10.10.2 Pharmaceutical Industry
10.10.3 Personal Care Products
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 20-410
11.6.2 24-410
11.6.3 28-410
11.6.4 18mm
11.6.5 23mm
11.6.6 24mm
11.6.7 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Food and Beverage
11.10.2 Pharmaceutical Industry
11.10.3 Personal Care Products
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 20-410
12.6.2 24-410
12.6.3 28-410
12.6.4 18mm
12.6.5 23mm
12.6.6 24mm
12.6.7 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Food and Beverage
12.10.2 Pharmaceutical Industry
12.10.3 Personal Care Products
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 20-410
13.6.2 24-410
13.6.3 28-410
13.6.4 18mm
13.6.5 23mm
13.6.6 24mm
13.6.7 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Food and Beverage
13.10.2 Pharmaceutical Industry
13.10.3 Personal Care Products
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Disc Top Closures Market: Competitive Dashboard
14.2 Global Disc Top Closures Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BodyPak Limited
14.3.2 O.Berk
14.3.3 Berry
14.3.4 C.L. Smith
14.3.5 Aptar Group
14.3.6 Frapak Packaging
14.3.7 Yulin Plastic Packing Factory
14.3.8 Kaufman Container
14.3.9 Spectra Packaging
14.3.10 Giflor
