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| Report Code: A09159 | Jan 2021 | Pages: 155 | ||
| Tables: 81 | Charts: 37 |
| |
Pandemic disrupted the entire world and affected many industries.
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Request Now !The wine corks market size was valued at $20.8 billion in 2019, and is projected to reach $27.6 billion by 2027, growing at a CAGR of 7.4% from 2021 to 2027.
Wine corks or wine stoppers are a chunk made up of cork, rubber, or other similar products made by various materials used as a stopper for a wine bottle. These are mainly used to control the physical and chemical properties of the wines. Common wine corks control the moisture, act as resistance to spillage, and also control the oxidants that in turn control the presence of microorganisms. Various types of wine corks, such as natural, synthetic, screw caps, plastic caps, and others, are available in the market. Natural wine corks are best suited for the old and premium wine, which avoids leakage and extraction of flavors from the bottle.
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Natural corks are the majorly used corks in the global wine corks market. Main objective of a wine cork is to preserve and store wine for a long time. Natural corks have been used in the wine industry for centuries owing to their elasticity of cellular structure. Natural corks are slightly airtight and not fully sealed because some air is able to pass through natural corks as there are holes inside the cork structure microscopically. This feature can be beneficial or harmful, depending on the type of wine that is stored.
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Rise in number of product launches is expected to drive the global wine corks market growth during the forecast period. Recent R&D in the wine and wine accessories industry such as adoption of sensors in wine machineries and arrival of various types of new wine stoppers is expected to drive the wine corks market trends during the forecast period.
While demand for natural corks is more in the industry for preserving the wines for a longer time, there are a lot of new types of wine corks in the market such as synthetic, rubber made, screw caps, and many more. Synthetic corks are being used on a large scale in the wine corks market since the last three decades. Synthetic corks are commonly made from oil-based plastic, while there are certain synthetic cork manufacturers who are also experimenting with the use of plant-based polymers of corn and sugar cane. In the wine industry synthetic corks can prove advantageous for winemakers who are looking to pass a little oxygen transfer in the wines.
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North America and Europe are known to be the dominant regions in terms of wine corks market share. European countries have witnessed higher rate of traction for wine, owing to its increased demand from young consumers. Some key macroeconomic factors such as rise in social media usage and surge in per-capita income also play an important role in contributing toward the overall growth of the wine corks market. However, Asia-Pacific is expected to exhibit significant growth in the future, owing to rise in demand for different types of wines. In addition, the region has witnessed considerable surge in number of millennials, who are forefront consumers of new food & beverages products. Therefore, rise in millennial population is anticipated to offer remunerative opportunities for the growth of the wine corks market.
Some key companies profiled in the report include Precisionelite, Waterloo Container Company, J. C. Ribeiro, S. A., Amorim Cork, S.A, Ltd., We Cork Inc., Zandur, Jelinek Cork Group, Widgetco, Inc., M.A. Silva Usa, Llc, And Allstates Rubber & Tool Corp
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Key Benefits For Stakeholders
Wine Corks Market Report Highlights
| Aspects | Details |
|---|---|
| By Type |
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| By Distribution Channel |
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| By Region |
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| Key Market Players | WIDGETCO, INC., J. C. RIBEIRO, S. A., ALLSTATES RUBBER & TOOL CORP., PRECISIONELITE, JELINEK CORK GROUP, ZANDUR, AMORIM CORK, S.A., WE CORK INC., M.A. SILVA USA, LLC, WATERLOO CONTAINER COMPANY |
CHAPTER 1:INTRODUCTION
1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segment
1.4.Research methodology
1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
2.1.Key findings of the study
CHAPTER 3:MARKET OVERVIEW
3.1.Market definition and scope
3.2.Key findings
3.2.1.Top investment pockets
3.3.Porter's five forces analysis
3.4.Top player positioning
3.5.Market dynamics
3.5.1.Drivers
3.5.1.1.Rise in number of wineries
3.5.1.2.High demand potential for wine from export markets
3.5.1.3.The significant replacement rate in the matured markets
3.5.2.Restraint
3.5.2.1.High capacity capital and maintenance costs
3.5.3.Opportunity
3.5.3.1.Growth in technological innovations in winemaking processes
3.6.Covid-19 Impact on Bread Maker market
CHAPTER 4:GLOBAL WINE CORKS MARKET, BY TYPE
4.1.Overview
4.1.1.Market size and forecast
4.2.Natural
4.2.1.Key market trends, growth factors and opportunities
4.2.2.Market size and forecast
4.2.3.Market analysis by country
4.3.Synthetic
4.3.1.Key market trends, growth factors and opportunities
4.3.2.Market size and forecast
4.3.3.Market analysis by country
CHAPTER 5:GLOBAL WINE CORKS MARKET, BY DISTRIBUTION CHANNEL
5.1.Overview
5.1.1.Market size and forecast
5.2.Offline
5.2.1.Key market trends, growth factors and opportunities
5.2.2.Market size and forecast
5.2.3.Market analysis by country
5.3.Online
5.3.1.Key market trends, growth factors and opportunities
5.3.2.Market size and forecast
5.3.3.Market analysis by country
CHAPTER 6:WINE CORKS MARKET, BY REGION
6.1.Overview
6.1.1.Market size and forecast, by region
6.2.North America
6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast By Type
6.2.3.Market size and forecast by Distribution Channel
6.2.4.Market analysis by country
6.2.4.1.U.S.
6.2.4.1.1.Market size and forecast By Type
6.2.4.1.2.Market size and forecast by Distribution Channel
6.2.4.2.CANADA
6.2.4.2.1.Market size and forecast By Type
6.2.4.2.2.Market size and forecast by Distribution Channel
6.2.4.3.MEXICO
6.2.4.3.1.Market size and forecast By Type
6.2.4.3.2.Market size and forecast by Distribution Channel
6.3.Europe
6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast By Type
6.3.3.Market size and forecast by Distribution Channel
6.3.4.Market analysis by country
6.3.4.1.ITALY
6.3.4.1.1.Market size and forecast By Type
6.3.4.1.2.Market size and forecast by Distribution Channel
6.3.4.2.FRANCE
6.3.4.2.1.Market size and forecast By Type
6.3.4.2.2.Market size and forecast by Distribution Channel
6.3.4.3.SPAIN
6.3.4.3.1.Market size and forecast By Type
6.3.4.3.2.Market size and forecast by Distribution Channel
6.3.4.4.GERMANY
6.3.4.4.1.Market size and forecast By Type
6.3.4.4.2.Market size and forecast by Distribution Channel
6.3.4.5.RUSSIA
6.3.4.5.1.Market size and forecast By Type
6.3.4.5.2.Market size and forecast by Distribution Channel
6.3.4.6.REST OF EUROPE
6.3.4.6.1.Market size and forecast By Type
6.3.4.6.2.Market size and forecast by Distribution Channel
6.4.Asia-Pacific
6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast By Type
6.4.3.Market size and forecast by Distribution Channel
6.4.4.Market analysis by country
6.4.4.1.CHINA
6.4.4.1.1.Market size and forecast By Type
6.4.4.1.2.Market size and forecast by Distribution Channel
6.4.4.2.INDIA
6.4.4.2.1.Market size and forecast By Type
6.4.4.2.2.Market size and forecast by Distribution Channel
6.4.4.3.JAPAN
6.4.4.3.1.Market size and forecast By Type
6.4.4.3.2.Market size and forecast by Distribution Channel
6.4.4.4.AUSTRALIA
6.4.4.4.1.Market size and forecast By Type
6.4.4.4.2.Market size and forecast by Distribution Channel
6.4.4.5.REST OF ASIA-PACIFIC
6.4.4.5.1.Market size and forecast By Type
6.4.4.5.2.Market size and forecast by Distribution Channel
6.5.LAMEA
6.5.1.Key market trends, growth factors, and opportunities
6.5.2.Market size and forecast By Type
6.5.3.Market size and forecast by Distribution Channel
6.5.4.Market analysis by country
6.5.4.1.ARGENTINA
6.5.4.1.1.Market size and forecast By Type
6.5.4.1.2.Market size and forecast by Distribution Channel
6.5.4.2.SOUTH AFRICA
6.5.4.2.1.Market size and forecast By Type
6.5.4.2.2.Market size and forecast by Distribution Channel
6.5.4.3.CHILE
6.5.4.3.1.Market size and forecast By Type
6.5.4.3.2.Market size and forecast by Distribution Channel
6.5.4.4.REST OF LAMEA
6.5.4.4.1.Market size and forecast By Type
6.5.4.4.2.Market size and forecast by Distribution Channel
6.6.Competitive dashboard
6.7.Competitive heat map
CHAPTER 7:COMPANY PROFILES
7.1.PRECISIONELITE
7.1.1.Company overview
7.1.2.Company snapshot
7.1.3.Product portfolio
7.2.WATERLOO CONTAINER COMPANY
7.2.1.Company overview
7.2.2.Key Executive
7.2.3.Company snapshot
7.2.4.Product portfolio
7.3.J. C. RIBEIRO, S. A.
7.3.1.Company overview
7.3.2.Key Executives
7.3.3.Company snapshot
7.3.4.Product portfolio
7.4.AMORIM CORK, S.A.
7.4.1.Company overview
7.4.2.Company snapshot
7.4.3.Product portfolio
7.5.WE CORK INC.
7.5.1.Company overview
7.5.2.Company snapshot
7.5.3.Product portfolio
7.6.ZANDUR
7.6.1.Company overview
7.6.2.Key Executive
7.6.3.Company snapshot
7.6.4.Product portfolio
7.7.JELINEK CORK GROUP
7.7.1.Company overview
7.7.2.Key Executive
7.7.3.Company snapshot
7.7.4.Product portfolio
7.8.WIDGETCO, INC.
7.8.1.Company overview
7.8.2.Company snapshot
7.8.3.Product portfolio
7.9.M.A. SILVA USA, LLC.
7.9.1.Company overview
7.9.2.Key Executive
7.9.3.Company snapshot
7.9.4.Product portfolio
7.10.ALLSTATES RUBBER & TOOL CORP.
7.10.1.Company overview
7.10.2.Key Executives
7.10.3.Company snapshot
7.10.4.Product portfolio
LIST OF TABLES
TABLE 01.GLOBAL WINE CORKS MARKET, BY TYPE, 2019–2027 (MILLION)
TABLE 02.WINE CORKS MARKET REVENUE FOR NATURAL, BY REGION, 2019–2027 ($MILLION)
TABLE 03.WINE CORKS MARKET REVENUE FOR SYNTHETIC, BY REGION, 2019–2027 ($MILLION)
TABLE 04.GLOBAL WINE CORKS MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 05.WINE CORKS MARKET REVENUE FOR OFFLINE, BY REGION, 2019–2027 ($MILLION)
TABLE 06.WINE CORKS MARKET REVENUE FOR ONLINE, BY REGION, 2019–2027 ($MILLION)
TABLE 07.WINE CORKS MARKET REVENUE, BY REGION, 2019–2027 ($MILLION)
TABLE 08.NORTH AMERICA WINE CORKS MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 09.NORTH AMERICA WINE CORKS MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 10.NORTH AMERICA WINE CORKS MARKET, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 11.U.S. WINE CORKS MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 12.U.S. WINE CORKS MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 13.CANADA WINE CORKS MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 14.CANADA WINE CORKS MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 15.MEXICO WINE CORKS MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 16.MEXICO WINE CORKS MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 17.EUROPE WINE CORKS MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 18.EUROPE WINE CORKS MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 19.EUROPE WINE CORKS MARKET, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 20.ITALY WINE CORKS MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 21.ITALY WINE CORKS MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 22.FRANCE WINE CORKS MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 23.FRANCE WINE CORKS MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 24.SPAIN WINE CORKS MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 25.SPAIN WINE CORKS MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 26.GERMANY WINE CORKS MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 27.GERMANY WINE CORKS MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 28.RUSSIA WINE CORKS MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 29.RUSSIA WINE CORKS MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 30.REST OF EUROPE WINE CORKS MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 31.REST OF EUROPE WINE CORKS MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 32.ASIA-PACIFIC WINE CORKS MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 33.ASIA-PACIFIC WINE CORKS MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 34.ASIA-PACIFIC WINE CORKS MARKET, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 35.CHINA WINE CORKS MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 36.CHINA WINE CORKS MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 37.INDIA WINE CORKS MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 38.INDIA WINE CORKS MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 39.JAPAN WINE CORKS MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 40.JAPAN WINE CORKS MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 41.AUSTRALIA WINE CORKS MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 42.AUSTRALIA WINE CORKS MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 43.REST OF ASIA-PACIFIC WINE CORKS MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 44.REST OF ASIA-PACIFIC WINE CORKS MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 45.LAMEA WINE CORKS MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 46.LAMEA WINE CORKS MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 47.LAMEA WINE CORKS MARKET, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 48.ARGENTINA WINE CORKS MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 49.ARGENTINA WINE CORKS MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 50.SOUTH AFRICA WINE CORKS MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 51.SOUTH AFRICA WINE CORKS MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 52.CHILE WINE CORKS MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 53.CHILE WINE CORKS MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 54.REST OF LAMEA WINE CORKS MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 55.REST OF LAMEA WINE CORKS MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 56.PRECISIONELITE: COMPANY SNAPSHOT
TABLE 57.PRECISIONELITE: PRODUCT PORTFOLIO
TABLE 58.WATERLOO CONTAINER COMPANY: KEY EXECUTIVE
TABLE 59.WATERLOO CONTAINER COMPANY: COMPANY SNAPSHOT
TABLE 60.WATERLOO CONTAINER COMPANY: PRODUCT PORTFOLIO
TABLE 61.J. C. RIBEIRO, S. A.: KEY EXECUTIVES
TABLE 62.J. C. RIBEIRO, S. A.: COMPANY SNAPSHOT
TABLE 63.J. C. RIBEIRO, S. A.: PRODUCT PORTFOLIO
TABLE 64.AMORIM CORK, S.A.: COMPANY SNAPSHOT
TABLE 65.AMORIM CORK, S.A.: PRODUCT PORTFOLIO
TABLE 66.WE CORK INC.: COMPANY SNAPSHOT
TABLE 67.WE CORK INC.: PRODUCT PORTFOLIO
TABLE 68.ZANDUR: KEY EXECUTIVE
TABLE 69.ZANDUR: COMPANY SNAPSHOT
TABLE 70.ZANDUR: PRODUCT PORTFOLIO
TABLE 71.JELINEK CORK GROUP: KEY EXECUTIVE
TABLE 72.JELINEK CORK GROUP: COMPANY SNAPSHOT
TABLE 73.JELINEK CORK GROUP: PRODUCT PORTFOLIO
TABLE 74.WIDGETCO, INC.: COMPANY SNAPSHOT
TABLE 75.WIDGETCO, INC.: PRODUCT PORTFOLIO
TABLE 76.M.A. SILVA USA, LLC.: KEY EXECUTIVE
TABLE 77.M.A. SILVA USA, LLC.: COMPANY SNAPSHOT
TABLE 78.M.A. SILVA USA, LLC.: PRODUCT PORTFOLIO
TABLE 79.ALLSTATES RUBBER & TOOL CORP.: KEY EXECUTIVES
TABLE 80.ALLSTATES RUBBER & TOOL CORP.: COMPANY SNAPSHOT
TABLE 81.ALLSTATES RUBBER & TOOL CORP.: PRODUCT PORTFOLIO
LIST OF FIGURES
FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.EXECUTIVE SUMMARY
FIGURE 03.TOP INVESTMENT POCKETS
FIGURE 04.MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 05.LOW THREAT OF NEW ENTRANTS
FIGURE 06.MODERATE THREAT OF SUBSTITUTES
FIGURE 07.HIGH INTENSITY OF RIVALRY
FIGURE 08.MODERATE BARGAINING POWER OF BUYERS
FIGURE 09.TOP PLAYER POSITIONING, 2020
FIGURE 10.GLOBAL WINE CORKS MARKET: DRIVERS, RESTRAINTS, AND OPPORTUNITIES
FIGURE 11.GLOBAL WINE CORKS MARKET, BY TYPE, 2019 (%)
FIGURE 12.COMPARATIVE SHARE ANALYSIS FOR WINE CORKS MARKET REVENUE FOR NATURAL, BY COUNTRY, 2019 & 2027 (%)
FIGURE 13.COMPARATIVE SHARE ANALYSIS FOR WINE CORKS MARKET REVENUE FOR SYNTHETIC, BY COUNTRY, 2019 & 2027 (%)
FIGURE 14.GLOBAL WINE CORKS MARKET, BY DISTRIBUTION CHANNEL, 2019 (%)
FIGURE 15.COMPARATIVE SHARE ANALYSIS FOR GLOBAL WINE CORKS MARKET REVENUE FOR OFFLINE, BY COUNTRY, 2019 & 2026 (%)
FIGURE 16.COMPARATIVE SHARE ANALYSIS FOR GLOBAL WINE CORKS MARKET REVENUE FOR ONLINE, BY COUNTRY, 2019 & 2026 (%)
FIGURE 17.GLOBAL WINE CORKS MARKET, BY REGION, 2019 (%)
FIGURE 18.U.S. WINE CORKS MARKET, 2019–2027 ($MILLION)
FIGURE 19.CANADA WINE CORKS MARKET, 2019–2027 ($MILLION)
FIGURE 20.MEXICO WINE CORKS MARKET, 2019–2027 ($MILLION)
FIGURE 21.ITALY WINE CORKS MARKET, 2019–2027 ($MILLION)
FIGURE 22.FRANCE WINE CORKS MARKET, 2019–2027 ($MILLION)
FIGURE 23.SPAIN WINE CORKS MARKET, 2019–2027 ($MILLION)
FIGURE 24.GERMANY WINE CORKS MARKET, 2019–2027 ($MILLION)
FIGURE 25.RUSSIA WINE CORKS MARKET, 2019–2027 ($MILLION)
FIGURE 26.REST OF EUROPE WINE CORKS MARKET, 2019–2027 ($MILLION)
FIGURE 27.CHINA WINE CORKS MARKET, 2019–2027 ($MILLION)
FIGURE 28.INDIA WINE CORKS MARKET, 2019–2027 ($MILLION)
FIGURE 29.JAPAN WINE CORKS MARKET, 2019–2027 ($MILLION)
FIGURE 30.AUSTRALIA WINE CORKS MARKET, 2019–2027 ($MILLION)
FIGURE 31.REST OF ASIA-PACIFIC WINE CORKS MARKET, 2019–2027 ($MILLION)
FIGURE 32.ARGENTINA WINE CORKS MARKET, 2019–2027 ($MILLION)
FIGURE 33.SOUTH AFRICA WINE CORKS MARKET, 2019–2027 ($MILLION)
FIGURE 34.CHILE WINE CORKS MARKET, 2019–2027 ($MILLION)
FIGURE 35.REST OF LAMEA WINE CORKS MARKET, 2019–2027 ($MILLION)
FIGURE 36.COMPETITIVE DASHBOARD OF TOP 10 KEY PLAYERS
FIGURE 37.COMPETITIVE HEATMAP OF TOP 10 KEY PLAYERS
The global wine corks market is emerging at a considerable pace, owing to launches of several synthetic and screw caps for wine bottles. There is an increase in demand for wine from emerging markets, which has created export potential for the wine cork producers as well, whose production is growing at a significant rate such as Chile, Argentina, South Africa, and Australia. To keep up with the domestic demand and to capitalize on the export potential, the wine makers in these countries are expanding their production capacities.
Innovative cork makers are combining old ideas with new technologies, which is anticipated to create efficient and eco-friendly new facilities. Rise in adoption of robotics and automation in cork making is projected to pose high opportunities for wine production machinery manufacturers. Adoption of AI, Robotics, and automation in synthetic cork making is likely to tackle inefficient process to obtain flawless and speedy operation in the winemaking process, which boosts the production of wine.
Introduction of wine cork industries in various developing economies across the globe is also expected to boost the market growth. In addition, demand for local manufacturers from the established global market players, aggressive advertisements, and products launches by major players are expected to have a positive impact on the market growth.
The global wine corks market is emerging at a considerable pace, owing to launches of several synthetic and screw caps for wine bottles. There is an increase in demand for wine from emerging markets, which has created export potential for the wine cork producers as well, whose production is growing at a significant rate such as Chile, Argentina, South Africa, and Australia. To keep up with the domestic demand and to capitalize on the export potential, the wine makers in these countries are expanding their production capacities.
Innovative cork makers are combining old ideas with new technologies, which is anticipated to create efficient and eco-friendly new facilities. Rise in adoption of robotics and automation in cork making is projected to pose high opportunities for wine production machinery manufacturers. Adoption of AI, Robotics, and automation in synthetic cork making is likely to tackle inefficient process to obtain flawless and speedy operation in the winemaking process, which boosts the production of wine.
Introduction of wine cork industries in various developing economies across the globe is also expected to boost the market growth. In addition, demand for local manufacturers from the established global market players, aggressive advertisements, and products launches by major players are expected to have a positive impact on the market growth.
A. The global wine corks market was valued at $20,825.0 million in 2019, and is projected to reach $27,626.1 million by 2027
A. The forecast period for the wine corks market will be 2021-2027
A. The base year calculated in the wine corks market is 2019
A. The top companies that holds the market share in wine corks market are Precisionelite, Waterloo Container Company, J. C. Ribeiro, S. A., Amorim Cork, S.A, Ltd., We Cork Inc., Zandur, Jelinek Cork Group, Widgetco, Inc., M.A. Silva Usa, Llc, And Allstates Rubber & Tool Corp
A. The natural segment was the highest contributor to the market, with $15,075.6 million in 2019, and is estimated to reach $18,796.9 million by 2027
A. Europe was the highest revenue contributor, accounting for $10,037.7 million in 2019
A. Companies were selected on the basis of industry related products and market share.
A. The global wine corks market was valued at $20,825.0 million in 2019
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