Market Overview:
The global T-Top closures market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for T-Top closures from various end-use industries such as beverage, perfume, pharmaceuticals, cosmetics and others. In terms of type, the plastic cap segment is expected to dominate the global T-Top closures market during the forecast period owing to its properties such as durability and resistance against corrosion. In terms of application, the beverage industry segment is projected to lead the global T-Top closures market during 2018–2030 due to increase in demand for packaged beverages across different regions.
Product Definition:
A T-top closure is a type of closure used to secure the opening of a T-top. A T-top is a car roof that features removable panels on each side, typically with two panels on each side.
Plastic Cap:
Plastic cap is a closed end product, which is used as an independent seal for the top of the container. It has no dependency on the container and can be replaced during its lifetime. Plastic caps are manufactured in numerous shapes and sizes to fulfill diverse application requirements.
Wood Cap:
Wood Cap is a decorative cap made of wood and it's used in T-Top closure. It has a traditional look with natural finish and can be installed on any type of door including sliding doors, single leaf doors or double leaf doors. The product is available in different sizes, shapes and can also be customized as per the client’s requirement.
Application Insights:
The beverage industry accounted for the largest share of over 30.0% in 2017. The growth can be attributed to the increasing use of t-top closures in carbonated beverages, such as soda and beer. T-tops are also used for packaging various non-carbonated beverages, such as juices and energy drinks. Furthermore, t-tops provide a premium look & feel to the beverages they enclose thereby driving their demand across various industries including food & beverage and personal care products among others.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing demand for packaged food and beverages, rising investments in packaging machinery, and expanding pharmaceutical sector in countries such as China and India. In addition, growing construction industry coupled with an increase in automobile production will drive product demand further.
Europe accounted for a significant share of global revenue owing to stringent regulations regarding toxic gas emissions from chemical plants that use T-top closure systems. Moreover, high consumer awareness regarding health & safety along with strict government norms are anticipated to fuel regional product demand over the forecast period.
North America is projected to witness steady growth due to strong presence of end users such as beverage manufacturers and pharmaceutical companies that are driving product adoption across various industries globally. Furthermore, growing environmental concerns have resulted in shifting focus towards biodegradable materials by key players operating within this region thereby supporting market growth during the forecast period (2018 - 2030).
Growth Factors:
- Increasing demand from end-use industries: The global T-Top Closures market is witnessing a significant growth due to the increasing demand from end-use industries such as food and beverage, pharmaceuticals, and cosmetics.
- Rising popularity of ready-to-drink beverages: The growing popularity of ready-to drink (RTD) beverages is propelling the growth of the T-Top Closures market. These closures offer an excellent tamper evidence feature and are easy to open and close.
- Growing preference for lightweight packaging: Lightweight packaging solutions are gaining traction due to their ability to reduce shipping costs and environmental impact. T-Top Closures made from lightweight materials are ideal for this application segment.
- Proliferation of ecommerce platforms: The proliferation of ecommerce platforms is providing a boost to the sales of T-Top Closures products worldwide owing to increased consumer access to these products.. This is also helping manufacturers reach new markets across geographies.. 5
Scope Of The Report
Report Attributes
Report Details
Report Title
T-Top Closures Market Research Report
By Type
Plastic Cap, Wood Cap, Metal Cap
By Application
Beverage Industry, Perfume Industry, Pharmaceutical Industry, Cosmetic Industry, Others
By Companies
MJS Packaging, Advance Cork International, Stanimirov Cork Industry, CorkLink, CP Lab Safety, Barnacork, Jelinek Cork Group, Bangor Cork, Widgetco
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
213
Number of Tables & Figures
150
Customization Available
Yes, the report can be customized as per your need.
Global T-Top Closures Market Report Segments:
The global T-Top Closures market is segmented on the basis of:
Types
Plastic Cap, Wood Cap, Metal Cap
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
Beverage Industry, Perfume Industry, Pharmaceutical Industry, Cosmetic Industry, Others
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:
- MJS Packaging
- Advance Cork International
- Stanimirov Cork Industry
- CorkLink
- CP Lab Safety
- Barnacork
- Jelinek Cork Group
- Bangor Cork
- Widgetco
Highlights of The T-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:
- Plastic Cap
- Wood Cap
- Metal Cap
- By Application:
- Beverage Industry
- Perfume Industry
- Pharmaceutical Industry
- Cosmetic Industry
- Others
- 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 T-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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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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?
T-Top Closures are a type of car top that is designed to keep the sun and rain out of your vehicle. T-Top Closures are also known as Sunroofs, Roof Racks, or Awnings.
Some of the key players operating in the t-top closures market are MJS Packaging, Advance Cork International, Stanimirov Cork Industry, CorkLink, CP Lab Safety, Barnacork, Jelinek Cork Group, Bangor Cork, Widgetco.
The t-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 T-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 T-Top Closures Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 T-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 T-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 T-Top Closures Market Size & Forecast, 2020-2028 4.5.1 T-Top Closures Market Size and Y-o-Y Growth 4.5.2 T-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 Plastic Cap
5.2.2 Wood Cap
5.2.3 Metal Cap
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 Beverage Industry
6.2.2 Perfume Industry
6.2.3 Pharmaceutical Industry
6.2.4 Cosmetic Industry
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global T-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 T-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 Plastic Cap
9.6.2 Wood Cap
9.6.3 Metal Cap
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 Beverage Industry
9.10.2 Perfume Industry
9.10.3 Pharmaceutical Industry
9.10.4 Cosmetic Industry
9.10.5 Others
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 Plastic Cap
10.6.2 Wood Cap
10.6.3 Metal Cap
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 Beverage Industry
10.10.2 Perfume Industry
10.10.3 Pharmaceutical Industry
10.10.4 Cosmetic Industry
10.10.5 Others
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 Plastic Cap
11.6.2 Wood Cap
11.6.3 Metal Cap
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 Beverage Industry
11.10.2 Perfume Industry
11.10.3 Pharmaceutical Industry
11.10.4 Cosmetic Industry
11.10.5 Others
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 Plastic Cap
12.6.2 Wood Cap
12.6.3 Metal Cap
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 Beverage Industry
12.10.2 Perfume Industry
12.10.3 Pharmaceutical Industry
12.10.4 Cosmetic Industry
12.10.5 Others
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 Plastic Cap
13.6.2 Wood Cap
13.6.3 Metal Cap
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 Beverage Industry
13.10.2 Perfume Industry
13.10.3 Pharmaceutical Industry
13.10.4 Cosmetic Industry
13.10.5 Others
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 T-Top Closures Market: Competitive Dashboard
14.2 Global T-Top Closures Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 MJS Packaging
14.3.2 Advance Cork International
14.3.3 Stanimirov Cork Industry
14.3.4 CorkLink
14.3.5 CP Lab Safety
14.3.6 Barnacork
14.3.7 Jelinek Cork Group
14.3.8 Bangor Cork
14.3.9 Widgetco