The global wine corks market size reached US$ 15.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 22.1 Billion by 2027, exhibiting a growth rate (CAGR) of 6% during 2022-2027.
Market Outlook:
A wine cork or wine stopper is a piece of bark obtained from the oak tree known as cork oak or Quercus suber. It is also made from chunks of rubber and other materials consisting of wax, suberin and lignin. Wine cork is used to control the physical and chemical properties of the wine such as it controls the moisture, prevents spillage, stops oxidation, and controls the presence of microorganisms. Nowadays, wine corks are gaining popularity as a popular option for closing old and premium wine bottles as the cells are impermeable and do not extract flavors from the bottle.
Market Trends and Drivers:
The global wine cork market is driven by the growing awareness regarding the benefits of using wine corks for wine preservation. Wine cork offers numerous properties, including high compressibility, and the ability to enhance the overall taste and flavor of wine.
Furthermore, the increasing preference for wine during social events and gatherings due to the growing trend of social media and influencer culture has also influenced the demand for wine corks. Moreover, with the advent of modern technology, manufacturers are introducing wine accessories, such as wine corks, made from wood, glass, aluminum, and plastic. These factors are expected to fuel the market in the upcoming years.
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Competitive Landscape with Key Players:
The competitive landscape of the global wine corks market has been studied in the report with the detailed profiles of the key players operating in the market.
List of Key Companies Covered in this Market Report:
- Allstates Rubber & Tool Corp.
- Amorim Cork
- Bangor Cork
- Corksribas
- Jelinek Cork Group
- A. Silva Usa Llc
- PrecisionElite limited company
- Waterloo Container Company
- WE Cork Inc
- WidgetCo Inc.
- Wine Enthusiast Companies
- Zandur
Market Segmentation:
The report has segmented the global wine corks market on the basis of type, distribution channel and region.
Based on Type:
- Natural
- Synthetic
Based on Distribution Channel:
- Offline
- Online
Geographical Analysis:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Industry Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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Wine Corks Market report published by Value Market Research, which studies the future outlook of the market.
It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2019-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the Wine Corks include Waterloo Container Company, Jelinek Cork Group, Precisionelite, M.A.
Silva USA, Llc, J. C. Ribeiro S.A., Zandur, Widgetco, Inc., Amorim Cork, We Cork Inc., And Allstates Rubber & Tool Corp..
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Wine Corks Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/wine-corks-market/download-sampleMarket SegmentationThe broad Wine Corks has been sub-grouped into the Type, Distribution Channel and Region.
The report studies these subsets with respect to the geographical segmentation.
