Wine Corks Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Wine Corks Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

  • November 2021 •
  • 141 pages •
  • Report ID: 6185697 •
  • Format: PDF
The global wine corks market exhibited negative growth in 2020.

Looking forward, the analyst expects the market to grow at a CAGR of 2.5% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Wine corks are closures derived from the bark of cork oak trees that are used to seal still and sparkling wine bottles. Their tissue comprises a special layer of cells made using wax, suberin, lignin, and other materials. Despite the launch of capsules and plastic stoppers, wine corks remain a popular choice as the closure of premium wine bottles. This can be attributed to their exceptional properties like moisture resistance, high compressibility, and impermeability to liquids, which help in prolonging the aging of wine and enhancing its overall taste and flavor.

Wine Corks Market Trends:
Rising wine consumption, especially among the young population, on account of inflating income levels, changing lifestyles and emerging socialization trends represents one of the significant factors stimulating the market growth. Apart from this, the rising consumer inclination towards luxury and superior quality products is also bolstering the market growth, as the moderate consumption of wine is associated with a reduced risk of heart diseases, stroke, diabetes, and digestive tract infection. Additionally, the increasing utilization of premium wine variants in gourmet cooking to intensify and enhance the flavor, aroma and taste of finished dishes is driving the market. As a result, their application is expanding in the confectionery sector for baking cakes and brownies and making chocolates and candies. This, in turn, is bolstering the demand for wine corks. Apart from this, the growing popularity of wine tourism is anticipated to drive the sales of exotic and unique wines and present lucrative opportunities to market players.

Key Market Segmentation:
the analyst provides an analysis of the key trends in each sub-segment of the global wine corks market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on type and distribution channel.

Breakup by Type:
Natural
Synthetic

Breakup by Distribution Channel:
Offline
Online

Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Allstates Rubber & Tool Corp., Amorim Cork, Bangor Cork, Corksribas, Jelinek Cork Group, M.A. Silva Usa Llc, PrecisionElite limited company, Waterloo Container Company, WE Cork Inc, WidgetCo Inc., Wine Enthusiast Companies and Zandur. Key Questions Answered in This Report:
How has the global wine corks market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global wine corks market?
What are the key regional markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the distribution channel?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global wine corks market and who are the key players?
What is the degree of competition in the industry?