PUBLISHER: IMARC | PRODUCT CODE: 1379055
PUBLISHER: IMARC | PRODUCT CODE: 1379055
Wine Corks Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Abstract
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?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Wine Corks Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 Natural
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Synthetic
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Distribution Channel
- 7.1 Offline
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Online
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Region
- 8.1 North 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
- 8.1.1 United States
- 8.2 Asia-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
- 8.2.1 China
- 8.3 Europe
- 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
- 8.3.1 Germany
- 8.4 Latin 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
- 8.4.1 Brazil
- 8.5 Middle East and Africa
- 8.5.1 Market Trends
- 8.5.2 Market Breakup by Country
- 8.5.3 Market Forecast
9 SWOT Analysis
- 9.1 Overview
- 9.2 Strengths
- 9.3 Weaknesses
- 9.4 Opportunities
- 9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
- 11.1 Overview
- 11.2 Bargaining Power of Buyers
- 11.3 Bargaining Power of Suppliers
- 11.4 Degree of Competition
- 11.5 Threat of New Entrants
- 11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
- 13.1 Market Structure
- 13.2 Key Players
- 13.3 Profiles of Key Players
- 13.3.1 Allstates Rubber & Tool Corp.
- 13.3.1.1 Company Overview
- 13.3.1.2 Product Portfolio
- 13.3.2 Amorim Cork
- 13.3.2.1 Company Overview
- 13.3.2.2 Product Portfolio
- 13.3.3 Bangor Cork
- 13.3.3.1 Company Overview
- 13.3.3.2 Product Portfolio
- 13.3.4 Corksribas
- 13.3.4.1 Company Overview
- 13.3.4.2 Product Portfolio
- 13.3.5 Jelinek Cork Group
- 13.3.5.1 Company Overview
- 13.3.5.2 Product Portfolio
- 13.3.6 M.A. Silva Usa Llc
- 13.3.6.1 Company Overview
- 13.3.6.2 Product Portfolio
- 13.3.7 PrecisionElite limited company
- 13.3.7.1 Company Overview
- 13.3.7.2 Product Portfolio
- 13.3.8 Waterloo Container Company
- 13.3.8.1 Company Overview
- 13.3.8.2 Product Portfolio
- 13.3.9 WE Cork Inc
- 13.3.9.1 Company Overview
- 13.3.9.2 Product Portfolio
- 13.3.10 WidgetCo Inc.
- 13.3.10.1 Company Overview
- 13.3.10.2 Product Portfolio
- 13.3.11 Wine Enthusiast Companies
- 13.3.11.1 Company Overview
- 13.3.11.2 Product Portfolio
- 13.3.12 Zandur
- 13.3.12.1 Company Overview
- 13.3.12.2 Product Portfolio
- 13.3.1 Allstates Rubber & Tool Corp.
List of Figures
- 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
List of Tables
- 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
