Wine Corks Market: Global Industry Analysis and Forecast 2023 – 2030

The Global Market for Wine Corks Estimated at USD 5960 Million In the Year 2022, Is Projected To Reach A Revised Size Of USD 9568 Million By 2030, Growing At A CAGR Of 5.40% Over The Forecast Period 2022-2030.

 

The Global Market for Wine Corks Estimated at USD 5960 Million In the Year 2022, Is Projected To Reach A Revised Size Of USD 9568 Million By 2030, Growing At A CAGR Of 5.40% Over The Forecast Period 2022-2030.

 

Wine corks are the traditional stoppers used to seal wine bottles. They are generally manufactured from the bark of cork oak trees, which are native to the Mediterranean region. Cork is harvested by removing the outer layer of bark from the tree, which may be done without hurting the tree. The cork is then boiled, sliced, and molded into the iconic cylindrical wine bottle stoppers. The use of cork as a wine bottle stopper has been around for centuries, and it remains a popular choice today. There are several reasons why cork is preferred over other materials. Cork is a natural material that is biodegradable, making it an environmentally friendly option. Additionally, cork is an excellent sealing material because it is compressible, elastic, and impermeable to gases and liquids.

 

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The Major Players in The Wine Corks Market Include:

Amorim Cork (Portugal),Nomacorc (Belgium),Diam Bouchage (France),Cork Supply Group (USA),M.A. Silva USA (USA),Cork Concepts(Portugal),Helix (Portugal),Maverick Enterprises (USA),WidgetCo (USA),Intercork (Portugal),Novatwist (Canada),Rich Xiberta (Spain),G3 Enterprises (USA) and Other Major Players

Market has segmented the global Wine Corks Market on the basis of type, application, and region:

The Wine Corks Market is segmented by type and application. Growth between segments over the period 2023-2030 provides accurate calculations and forecasts of revenue by type and application in terms of volume and value. This analysis can help you expand your business by targeting eligible niches.

By Type

  • Natural
  • Synthetic

By Distribution Channel

  • Offline
  • Online

By Material Type

  • Wood
  • Aluminum
  • Plastic
  • Glass
  • Others

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By Regional Outlook

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

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Covid-19 Impact and Recovery Analysis on Industry:

Due to the Covid-19 outbreak, the Wine Cork material end-use industries are experiencing difficulties in getting cork material from producers due to commodity import and export restrictions. Furthermore, there are delays in receiving raw materials, which results in delayed supplies to the consumer. Furthermore, cargo orders are being severely impacted owing to vessel non-availability and blank sailing, resulting in decreasing winery storage stock. The COVID-19 epidemic has also had a significant influence on the wine sector. Wine production has been disrupted, amounting to a significant loss in the business.

Report covered the major key points:

  • Explore key findings of the overall market
  • Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
  • Market forecasts for a minimum of 7years, along with 5 years of historical data for all segments, sub-segments, and regions
  • Market Segmentation caters to a thorough assessment of key segments with their market estimations
  • Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
  • Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
  • Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
  • Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments

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