Wine Corks Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-11-02 I 146 Pages I IMARC Group
The global wine corks market size reached US$ 16.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 23.2 Billion by 2028, exhibiting a growth rate (CAGR) of 5.7% during 2022-2028.
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:
IMARC Group provides an analysis of the key trends in each sub-segment of the global wine corks market report, along with forecasts at the global, regional and country level from 2023-2028. 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?
1 Preface
2 Scope and Methodology
2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
2.3.1Primary Sources
2.3.2Secondary Sources
2.4Market Estimation
2.4.1Bottom-Up Approach
2.4.2Top-Down Approach
2.5Forecasting Methodology
3 Executive Summary
4 Introduction
4.1Overview
4.2Key Industry Trends
5 Global Wine Corks Market
5.1Market Overview
5.2Market Performance
5.3Impact of COVID-19
5.4Market Forecast
6 Market Breakup by Type
6.1Natural
6.1.1 Market Trends
6.1.2 Market Forecast
6.2Synthetic
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Distribution Channel
7.1Offline
7.1.1 Market Trends
7.1.2 Market Forecast
7.2Online
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Region
8.1North America
8.1.1 United States
8.1.1.1 Market Trends
8.1.1.2 Market Forecast
8.1.2 Canada
8.1.2.1 Market Trends
8.1.2.2 Market Forecast
8.2Asia-Pacific
8.2.1 China
8.2.1.1 Market Trends
8.2.1.2 Market Forecast
8.2.2 Japan
8.2.2.1 Market Trends
8.2.2.2 Market Forecast
8.2.3 India
8.2.3.1 Market Trends
8.2.3.2 Market Forecast
8.2.4 South Korea
8.2.4.1 Market Trends
8.2.4.2 Market Forecast
8.2.5 Australia
8.2.5.1 Market Trends
8.2.5.2 Market Forecast
8.2.6 Indonesia
8.2.6.1 Market Trends
8.2.6.2 Market Forecast
8.2.7 Others
8.2.7.1 Market Trends
8.2.7.2 Market Forecast
8.3Europe
8.3.1 Germany
8.3.1.1 Market Trends
8.3.1.2 Market Forecast
8.3.2 France
8.3.2.1 Market Trends
8.3.2.2 Market Forecast
8.3.3 United Kingdom
8.3.3.1 Market Trends
8.3.3.2 Market Forecast
8.3.4 Italy
8.3.4.1 Market Trends
8.3.4.2 Market Forecast
8.3.5 Spain
8.3.5.1 Market Trends
8.3.5.2 Market Forecast
8.3.6 Russia
8.3.6.1 Market Trends
8.3.6.2 Market Forecast
8.3.7 Others
8.3.7.1 Market Trends
8.3.7.2 Market Forecast
8.4Latin America
8.4.1 Brazil
8.4.1.1 Market Trends
8.4.1.2 Market Forecast
8.4.2 Mexico
8.4.2.1 Market Trends
8.4.2.2 Market Forecast
8.4.3 Others
8.4.3.1 Market Trends
8.4.3.2 Market Forecast
8.5Middle East and Africa
8.5.1 Market Trends
8.5.2 Market Breakup by Country
8.5.3 Market Forecast
9 SWOT Analysis
9.1Overview
9.2Strengths
9.3Weaknesses
9.4Opportunities
9.5Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
11.1Overview
11.2Bargaining Power of Buyers
11.3Bargaining Power of Suppliers
11.4Degree of Competition
11.5Threat of New Entrants
11.6Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
13.1Market Structure
13.2Key Players
13.3Profiles of Key Players
13.3.1Allstates Rubber & Tool Corp.
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.2Amorim Cork
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.3Bangor Cork
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.4Corksribas
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.5Jelinek Cork Group
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.6M.A. Silva Usa Llc
13.3.6.1 Company Overview
13.3.6.2 Product Portfolio
13.3.7PrecisionElite limited company
13.3.7.1 Company Overview
13.3.7.2 Product Portfolio
13.3.8Waterloo Container Company
13.3.8.1 Company Overview
13.3.8.2 Product Portfolio
13.3.9WE Cork Inc
13.3.9.1 Company Overview
13.3.9.2 Product Portfolio
13.3.10WidgetCo Inc.
13.3.10.1 Company Overview
13.3.10.2 Product Portfolio
13.3.11Wine Enthusiast Companies
13.3.11.1 Company Overview
13.3.11.2 Product Portfolio
13.3.12Zandur
13.3.12.1 Company Overview
13.3.12.2 Product Portfolio
Figure 1: Global: Wine Corks Market: Major Drivers and Challenges
Figure 2: Global: Wine Corks Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Wine Corks Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Wine Corks Market: Breakup by Type (in %), 2022
Figure 5: Global: Wine Corks Market: Breakup by Distribution Channel (in %), 2022
Figure 6: Global: Wine Corks Market: Breakup by Region (in %), 2022
Figure 7: Global: Wine Corks (Natural) Market: Sales Value (in Million US$), 2017 & 2022
Figure 8: Global: Wine Corks (Natural) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 9: Global: Wine Corks (Synthetic) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Wine Corks (Synthetic) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Wine Corks (Offline) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Wine Corks (Offline) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Wine Corks (Online) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Wine Corks (Online) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: North America: Wine Corks Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: North America: Wine Corks Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: United States: Wine Corks Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: United States: Wine Corks Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Canada: Wine Corks Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Canada: Wine Corks Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Asia-Pacific: Wine Corks Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Asia-Pacific: Wine Corks Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: China: Wine Corks Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: China: Wine Corks Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Japan: Wine Corks Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Japan: Wine Corks Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: India: Wine Corks Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: India: Wine Corks Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: South Korea: Wine Corks Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: South Korea: Wine Corks Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Australia: Wine Corks Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Australia: Wine Corks Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Indonesia: Wine Corks Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Indonesia: Wine Corks Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Others: Wine Corks Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Others: Wine Corks Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Europe: Wine Corks Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Europe: Wine Corks Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Germany: Wine Corks Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Germany: Wine Corks Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: France: Wine Corks Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: France: Wine Corks Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: United Kingdom: Wine Corks Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: United Kingdom: Wine Corks Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Italy: Wine Corks Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Italy: Wine Corks Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Spain: Wine Corks Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Spain: Wine Corks Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Russia: Wine Corks Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Russia: Wine Corks Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Others: Wine Corks Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Others: Wine Corks Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Latin America: Wine Corks Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Latin America: Wine Corks Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Brazil: Wine Corks Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Brazil: Wine Corks Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Mexico: Wine Corks Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Mexico: Wine Corks Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Others: Wine Corks Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Others: Wine Corks Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Middle East and Africa: Wine Corks Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Middle East and Africa: Wine Corks Market: Breakup by Country (in %), 2022
Figure 63: Middle East and Africa: Wine Corks Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Global: Wine Corks Industry: SWOT Analysis
Figure 65: Global: Wine Corks Industry: Value Chain Analysis
Figure 66: Global: Wine Corks Industry: Porter's Five Forces Analysis
Table 1: Global: Wine Corks Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Wine Corks Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Wine Corks Market Forecast: Breakup by Distribution Channel (in Million US$), 2023-2028
Table 4: Global: Wine Corks Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 5: Global: Wine Corks Market: Competitive Structure
Table 6: Global: Wine Corks Market: Key Players
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