Wine Corks Market: Global Industry Analysis and Forecast (2024-2030)

The Wine Corks Market Size was valued at USD 6.2 Billion in 2023 and the total Global Wine Corks revenue is expected to grow at a CAGR of 4.7 % from 2024 to 2030, reaching nearly USD 8.55 Billion by 2030

Wine Corks Market Overview

Wine corks are a stopper used to seal wine bottles. They are typically made from cork (bark of the cork oak), though synthetic materials can be used. Common alternatives for wine closures include screw caps and glass stoppers. 68%of all cork is produced for wine bottle stoppers. Wine Cork is defined as a natural or synthetic elastic tough outer tissue of the cork oak stopper used to seal wine bottles. A cork contains 80% air which allows the wine to breathe and evolve. Wine Corks MarketTo know about the Research Methodology :- Request Free Sample Report 1. Amorim is the world’s largest producer and supplier of cork, exporting 96% of its production to more than 100 countries. 70% of wine manufacturers choose cork to seal the product. 2. According to MMR analysis, US consumers are willing to pay US $4.31 more for a bottle sealed with cork. Technological development, climate change, sustainability aspects, and regional differences have changed a lot in the wine industry, and one of the biggest changes is the sealing of wine bottles. One of the main differences between Old World and New World wines is the way they are bottled. In Old World regions such as France, Italy, and Spain, 90% of wine bottles are closed with traditional corks. Wine bottles from New World countries such as Australia and New Zealand are usually closed with screw caps, synthetic corks or other bottle closures. The high-quality cork stoppers in combination with the highest-quality materials used to produce the bar top, allow premium products with the best mechanical and sensory performance in the marketplace. The share of the offline segment has been significant and is expected to grow significantly during the forecast period. This is due to the easy and quick availability of wine and the expected growth of wine and beer stores. Additionally, the online segment is likely to witness strong growth during the forecast period thanks to the ease of delivery and availability of versatile wine brands on online platforms.

Wine Corks Market Dynamics

Driving Forces behind the Growth of the Wine Corks Market The wine corks market is experiencing a significant surge driven by prevailing demand for wine corks for wine bottles which has led to the market growth. The growing consumer awareness and prioritization for biodegradable and renewable resources. The increase in Natural cork which is made up of the bark of the cork oak tree has accelerated the growth of the market. The key factor that influences the market growth is the increase in wineries which has propelled the wine production globally. Additionally, rise in the alcoholic beverage consumption resulted in demand for wine corks which helped to age wine properly. Enhancing Research and development in the wine and wine accessories industry such as various types of new wine stoppers is expected to drive the market growth. The increasing environmental crisis has led the market to develop Natural corks that have boosted the market. Increasing consumption of wine, especially among youth, is driven by changing lifestyles and income levels, socializing trends are also driving the market growth. In addition, increasing consumer interest in luxury and premium products is also supporting market growth, as moderate wine consumption is associated with a decreased risk of heart disease, stroke, diabetes, and gastrointestinal infections. In addition, the increased use of high-quality wine varieties in gourmet food preparation enhances and improves the taste, aroma, and flavor of ready-to-eat foods, driving market growth. Thanks to use in the confectionery industry extends to the baking of cakes and pastries, as well as to the preparation of chocolates and candies. Increasing the demand for wine corks. In addition, the increase in popularity of wine tourism is expected to increase sales of exotic and unique wines and bring profitable opportunities for key players. Wine Corks Market Challenges Facing In Wine Cork Machine Adoption The high cost of wine crock machines has remained the most important obstacle for wine cap producers, although they also face several other problems. Wine capping machines consist of various components such as sensors, actuators, and nozzles. The cost of various functions and technology used in winemaking varies depending on the capacity and size of the winery (on a case-by-case basis), creating a barrier to developing markets such as India and China, where customers are price-conscious. The requirement for synthetic wine cork manufacturers to make huge financial investments to acquire machinery and other relevant equipment is expected to hinder the growth of the market. The modern and convenient nature of screw caps has an impact on the reputation of certain wine corks. The challenge lies in ensuring consistent quality and avoiding TCA. It is necessary to research and develop new techniques for the handling and processing of cork

Wine Corks Market Segment Analysis

Based on Material, The Natural cork segment contributed to the highest revenue share of 92.5% in 2023. Overall 84% of the wineries are using natural corks for all of their wines. Each natural cork stopper is a sophisticated valve, made up of around 800 million tiny cells of suberin with an air-like gas. About 13 billion cork stoppers are produced globally every year accounting for about 70% of the total value of the cork market. The growth of the market is influenced by the increasing demand for Natural Cork, which has applications in Still Wine and Sparkling Wine globally. Premium wines are growing in popularity and are often paired with natural corks resulting in a boost in the market. Growing demand for sustainable products, as natural cork is a renewable and biodegradable natural resource has propelled the market growth. Growing awareness of the health benefits of natural cork, as it does not contain harmful chemicals and allergens. The main part of the world's production of cork comes from the Mediterranean where Portugal is the only country that provides 50% of the world's cork harvest. Natural cork is a natural resource with supply and demand variations impacting its price. Europe has dominated the natural cork market with shares of 38% with a growing CAGR of 5.15%. The key players in the natural cork market are Amorim, Moet Hennessy, and World Corks. The companies prioritize research and development to enhance the quality and performance of their natural cork products. Wine Corks Market

Wine Corks Market Regional Insights

Europe dominated with a market share of 64% with a growing CAGR of 4.80%. Owing to the increase in traditional European culture of consuming wine during family gatherings and functions etc. Increased demand for high-quality wines in the young generation has boosted the market in the region. The key factor that influences the market is Europe has the majority of bark oak trees which is used for wine cork resulting in higher demand. Portugal and Germany are the largest manufacturers of corks and account for the highest number of market share in the region. The increased preference for natural corks over synthetic corks has boosted the market growth. Consumer adoption of high-quality wines resulted in a rise in sales of premium wines has increased. North America is the fastest growing region accounting for 10% market share thanks to the rising disposable incomes of consumers who are more likely to purchase premium wine. Synthetic corks are cheaper than natural corks as it is an attractive option for winemakers in the region. The United States accounted for 94% share of wine consumers that prefer natural cork stoppers. Wine Corks Market Wine Corks Market Competitive Landscape 1. In 2023, Innovations like micro-agglomeration technology by Amorin aimed to improve the consistency and performance of natural corks. Additionally, research on bio-based, sustainable alternatives to traditional materials gained traction. 2. In 2023, The Portuguese company invested 1.2 million Euro in innovative and patented technology that analyzes 100% of the closures to eliminate anomalous cases of oxygen ingress, providing the most consistent performance cork closures on the market 3 In 2023, BMO, a leading lending partner to U.S. wineries, formed the U.S. Wine Industry Partnership in collaboration with business intelligence firm Wine Business and bw166.

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Global Wine Corks Market
Report Coverage Details
Base Year: 2023 Forecast Period: 2024-2030
Historical Data: 2018 to 2023 Market Size in 2023: US $ 6.2 Bn.
Forecast Period 2024 to 2030 CAGR: 4.7% Market Size in 2030: US $ 8.55 Bn.
Segments Covered: by Material Type Natural Cork Synthetic Cork Agglomerated Cork
by Distribution Channel Offline Online

Wine Corks Market, by Region

North America (United States, Canada, and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, and the Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan, and the Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria, and the Rest of ME&A) South America (Brazil, Argentina Rest of South America)

Wine Corks Market Key Players

1. Cork Supply Portugal 2. Lafitte Cork & Capsule 3. Corticeira Amorim 4. Cork Supply Group 5. Nomacorc 6. Jelinek Cork Group 7. Widgetco, Inc. 8. Allstates Rubber & Tool Corp. 9. J. C. Ribeiro, S.A. 10. We Cork Inc. 11. M.A.Silva USA, LLC 12. Zandur 13. Waterloo Container Company 14. Precision Elite 15. Amorim Cork, S.A. 16. Suber Cork 17. Enoplastic 18. Portocork 19. DIAM Bouchage 20. Vinventions USA Frequently Asked Questions: 1] What is the projected market size & and growth rate of the Wine Corks Market? Ans. The Wine Corks Market size was valued at USD 6.2 Billion in 2023 and the total Global Wine Corks revenue is expected to grow at a CAGR of 4.7 % from 2024 to 2030, reaching nearly USD 8.55 Billion By 2030 2] What segments are covered in the Wine Corks Market report? Ans. The segments covered in the Wine Corks Market report are based on Material type and Distribution channel. 3] Which region is expected to hold the highest share in the Global Wine Corks Market? Ans. The European region is expected to hold the highest share of the Wine Corks Market. 4] What are the growth drivers for the Wine Corks market? Ans. Increased customer demand for luxury Wines, etc. is expected to be the major driver for the Wine Corks market. 5] What is the forecast period for the Wine Corks Market? Ans. The forecast period for the Wine Corks Market is 2024-2030.
1. Wine Corks Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Wine Corks Market: Dynamics 2.1. Wine Corks Market Trends by Region 2.1.1. North America Wine Corks Market Trends 2.1.2. Europe Wine Corks Market Trends 2.1.3. Asia Pacific Wine Corks Market Trends 2.1.4. Middle East and Africa Wine Corks Market Trends 2.1.5. South America Wine Corks Market Trends 2.2. Wine Corks Market Dynamics by Region 2.2.1. North America 2.2.1.1. North America Wine Corks Market Drivers 2.2.1.2. North America Wine Corks Market Restraints 2.2.1.3. North America Wine Corks Market Opportunities 2.2.1.4. North America Wine Corks Market Challenges 2.2.2. Europe 2.2.2.1. Europe Wine Corks Market Drivers 2.2.2.2. Europe Wine Corks Market Restraints 2.2.2.3. Europe Wine Corks Market Opportunities 2.2.2.4. Europe Wine Corks Market Challenges 2.2.3. Asia Pacific 2.2.3.1. Asia Pacific Wine Corks Market Drivers 2.2.3.2. Asia Pacific Wine Corks Market Restraints 2.2.3.3. Asia Pacific Wine Corks Market Opportunities 2.2.3.4. Asia Pacific Wine Corks Market Challenges 2.2.4. Middle East and Africa 2.2.4.1. Middle East and Africa Wine Corks Market Drivers 2.2.4.2. Middle East and Africa Wine Corks Market Restraints 2.2.4.3. Middle East and Africa Wine Corks Market Opportunities 2.2.4.4. Middle East and Africa Wine Corks Market Challenges 2.2.5. South America 2.2.5.1. South America Wine Corks Market Drivers 2.2.5.2. South America Wine Corks Market Restraints 2.2.5.3. South America Wine Corks Market Opportunities 2.2.5.4. South America Wine Corks Market Challenges 2.3. PORTER’s Five Forces Analysis 2.4. PESTLE Analysis 2.5. Technology Roadmap 2.6. Regulatory Landscape by Region 2.6.1. North America 2.6.2. Europe 2.6.3. Asia Pacific 2.6.4. Middle East and Africa 2.6.5. South America 2.7. Key Opinion Leader Analysis For Wine Corks Industry 2.8. Analysis of Government Schemes and Initiatives For Wine Corks Industry 2.9. Wine Corks Market Trade Analysis 2.10. The Global Pandemic Impact on Wine Corks Market 3. Wine Corks Market: Global Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) 2023-2030 3.1. Wine Corks Market Size and Forecast, by Material Type (2023-2030) 3.1.1. Natural Cork 3.1.2. Synthetic Cork 3.1.3. Agglomerated Cork 3.2. Wine Corks Market Size and Forecast, by Distribution Channel (2023-2030) 3.2.1. Offline 3.2.2. Online 3.3. Wine Corks Market Size and Forecast, by Region (2023-2030) 3.3.1. North America 3.3.2. Europe 3.3.3. Asia Pacific 3.3.4. Middle East and Africa 3.3.5. South America 4. North America Wine Corks Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 4.1. North America Wine Corks Market Size and Forecast, by Material Type (2023-2030) 4.1.1. Natural Cork 4.1.2. Synthetic Cork 4.1.3. Agglomerated Cork 4.2. North America Wine Corks Market Size and Forecast, by Distribution Channel (2023-2030) 4.2.1. Offline 4.2.2. Online 4.3. North America Wine Corks Market Size and Forecast, by Country (2023-2030) 4.3.1. United States 4.3.1.1. United States Wine Corks Market Size and Forecast, by Material Type (2023-2030) 4.3.1.1.1. Natural Cork 4.3.1.1.2. Synthetic Cork 4.3.1.1.3. Agglomerated Cork 4.3.1.2. United States Wine Corks Market Size and Forecast, by Distribution Channel (2023-2030) 4.3.1.2.1. Offline 4.3.1.2.2. Online 4.3.2. Canada 4.3.2.1. Canada Wine Corks Market Size and Forecast, by Material Type (2023-2030) 4.3.2.1.1. Natural Cork 4.3.2.1.2. Synthetic Cork 4.3.2.1.3. Agglomerated Cork 4.3.2.2. Canada Wine Corks Market Size and Forecast, by Distribution Channel (2023-2030) 4.3.2.2.1. Offline 4.3.2.2.2. Online 4.3.3. Mexico 4.3.3.1. Mexico Wine Corks Market Size and Forecast, by Material Type (2023-2030) 4.3.3.1.1. Natural Cork 4.3.3.1.2. Synthetic Cork 4.3.3.1.3. Agglomerated Cork 4.3.3.2. Mexico Wine Corks Market Size and Forecast, by Distribution Channel (2023-2030) 4.3.3.2.1. Offline 4.3.3.2.2. Online 5. Europe Wine Corks Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 5.1. Europe Wine Corks Market Size and Forecast, by Material Type (2023-2030) 5.2. Europe Wine Corks Market Size and Forecast, by Distribution Channel (2023-2030) 5.3. Europe Wine Corks Market Size and Forecast, by Country (2023-2030) 5.3.1. United Kingdom 5.3.1.1. United Kingdom Wine Corks Market Size and Forecast, by Material Type (2023-2030) 5.3.1.2. United Kingdom Wine Corks Market Size and Forecast, by Distribution Channel (2023-2030) 5.3.2. France 5.3.2.1. France Wine Corks Market Size and Forecast, by Material Type (2023-2030) 5.3.2.2. France Wine Corks Market Size and Forecast, by Distribution Channel (2023-2030) 5.3.3. Germany 5.3.3.1. Germany Wine Corks Market Size and Forecast, by Material Type (2023-2030) 5.3.3.2. Germany Wine Corks Market Size and Forecast, by Distribution Channel (2023-2030) 5.3.4. Italy 5.3.4.1. Italy Wine Corks Market Size and Forecast, by Material Type (2023-2030) 5.3.4.2. Italy Wine Corks Market Size and Forecast, by Distribution Channel (2023-2030) 5.3.5. Spain 5.3.5.1. Spain Wine Corks Market Size and Forecast, by Material Type (2023-2030) 5.3.5.2. Spain Wine Corks Market Size and Forecast, by Distribution Channel (2023-2030) 5.3.6. Sweden 5.3.6.1. Sweden Wine Corks Market Size and Forecast, by Material Type (2023-2030) 5.3.6.2. Sweden Wine Corks Market Size and Forecast, by Distribution Channel (2023-2030) 5.3.7. Austria 5.3.7.1. Austria Wine Corks Market Size and Forecast, by Material Type (2023-2030) 5.3.7.2. Austria Wine Corks Market Size and Forecast, by Distribution Channel (2023-2030) 5.3.8. Rest of Europe 5.3.8.1. Rest of Europe Wine Corks Market Size and Forecast, by Material Type (2023-2030) 5.3.8.2. Rest of Europe Wine Corks Market Size and Forecast, by Distribution Channel (2023-2030) 6. Asia Pacific Wine Corks Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 6.1. Asia Pacific Wine Corks Market Size and Forecast, by Material Type (2023-2030) 6.2. Asia Pacific Wine Corks Market Size and Forecast, by Distribution Channel (2023-2030) 6.3. Asia Pacific Wine Corks Market Size and Forecast, by Country (2023-2030) 6.3.1. China 6.3.1.1. China Wine Corks Market Size and Forecast, by Material Type (2023-2030) 6.3.1.2. China Wine Corks Market Size and Forecast, by Distribution Channel (2023-2030) 6.3.2. S Korea 6.3.2.1. S Korea Wine Corks Market Size and Forecast, by Material Type (2023-2030) 6.3.2.2. S Korea Wine Corks Market Size and Forecast, by Distribution Channel (2023-2030) 6.3.3. Japan 6.3.3.1. Japan Wine Corks Market Size and Forecast, by Material Type (2023-2030) 6.3.3.2. Japan Wine Corks Market Size and Forecast, by Distribution Channel (2023-2030) 6.3.4. India 6.3.4.1. India Wine Corks Market Size and Forecast, by Material Type (2023-2030) 6.3.4.2. India Wine Corks Market Size and Forecast, by Distribution Channel (2023-2030) 6.3.5. Australia 6.3.5.1. Australia Wine Corks Market Size and Forecast, by Material Type (2023-2030) 6.3.5.2. Australia Wine Corks Market Size and Forecast, by Distribution Channel (2023-2030) 6.3.6. Indonesia 6.3.6.1. Indonesia Wine Corks Market Size and Forecast, by Material Type (2023-2030) 6.3.6.2. Indonesia Wine Corks Market Size and Forecast, by Distribution Channel (2023-2030) 6.3.7. Malaysia 6.3.7.1. Malaysia Wine Corks Market Size and Forecast, by Material Type (2023-2030) 6.3.7.2. Malaysia Wine Corks Market Size and Forecast, by Distribution Channel (2023-2030) 6.3.8. Vietnam 6.3.8.1. Vietnam Wine Corks Market Size and Forecast, by Material Type (2023-2030) 6.3.8.2. Vietnam Wine Corks Market Size and Forecast, by Distribution Channel (2023-2030) 6.3.9. Taiwan 6.3.9.1. Taiwan Wine Corks Market Size and Forecast, by Material Type (2023-2030) 6.3.9.2. Taiwan Wine Corks Market Size and Forecast, by Distribution Channel (2023-2030) 6.3.10. Rest of Asia Pacific 6.3.10.1. Rest of Asia Pacific Wine Corks Market Size and Forecast, by Material Type (2023-2030) 6.3.10.2. Rest of Asia Pacific Wine Corks Market Size and Forecast, by Distribution Channel (2023-2030) 7. Middle East and Africa Wine Corks Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 7.1. Middle East and Africa Wine Corks Market Size and Forecast, by Material Type (2023-2030) 7.2. Middle East and Africa Wine Corks Market Size and Forecast, by Distribution Channel (2023-2030) 7.3. Middle East and Africa Wine Corks Market Size and Forecast, by Country (2023-2030) 7.3.1. South Africa 7.3.1.1. South Africa Wine Corks Market Size and Forecast, by Material Type (2023-2030) 7.3.1.2. South Africa Wine Corks Market Size and Forecast, by Distribution Channel (2023-2030) 7.3.2. GCC 7.3.2.1. GCC Wine Corks Market Size and Forecast, by Material Type (2023-2030) 7.3.2.2. GCC Wine Corks Market Size and Forecast, by Distribution Channel (2023-2030) 7.3.3. Nigeria 7.3.3.1. Nigeria Wine Corks Market Size and Forecast, by Material Type (2023-2030) 7.3.3.2. Nigeria Wine Corks Market Size and Forecast, by Distribution Channel (2023-2030) 7.3.4. Rest of ME&A 7.3.4.1. Rest of ME&A Wine Corks Market Size and Forecast, by Material Type (2023-2030) 7.3.4.2. Rest of ME&A Wine Corks Market Size and Forecast, by Distribution Channel (2023-2030) 8. South America Wine Corks Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 8.1. South America Wine Corks Market Size and Forecast, by Material Type (2023-2030) 8.2. South America Wine Corks Market Size and Forecast, by Distribution Channel (2023-2030) 8.3. South America Wine Corks Market Size and Forecast, by Country (2023-2030) 8.3.1. Brazil 8.3.1.1. Brazil Wine Corks Market Size and Forecast, by Material Type (2023-2030) 8.3.1.2. Brazil Wine Corks Market Size and Forecast, by Distribution Channel (2023-2030) 8.3.2. Argentina 8.3.2.1. Argentina Wine Corks Market Size and Forecast, by Material Type (2023-2030) 8.3.2.2. Argentina Wine Corks Market Size and Forecast, by Distribution Channel (2023-2030) 8.3.3. Rest Of South America 8.3.3.1. Rest Of South America Wine Corks Market Size and Forecast, by Material Type (2023-2030) 8.3.3.2. Rest Of South America Wine Corks Market Size and Forecast, by Distribution Channel (2023-2030) 9. Global Wine Corks Market: Competitive Landscape 9.1. MMR Competition Matrix 9.2. Competitive Landscape 9.3. Key Players Benchmarking 9.3.1. Company Name 9.3.2. Business Segment 9.3.3. End-user Segment 9.3.4. Revenue (2022) 9.3.5. Company Locations 9.4. Leading Wine Corks Market Companies, by market capitalization 9.5. Market Structure 9.5.1. Market Leaders 9.5.2. Market Followers 9.5.3. Emerging Players 9.6. Mergers and Acquisitions Details 10. Company Profile: Key Players 10.1. Cork Supply Portugal 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. Recent Developments 10.2. Lafitte Cork & Capsule 10.3. Corticeira Amorim 10.4. Cork Supply Group 10.5. Nomacorc 10.6. Jelinek Cork Group 10.7. Widgetco, Inc. 10.8. Allstates Rubber & Tool Corp. 10.9. J. C. Ribeiro, S.A. 10.10. We Cork Inc. 10.11. M.A.Silva USA, LLC 10.12. Zandur 10.13. Waterloo Container Company 10.14. Precision Elite 10.15. Amorim Cork, S.A. 10.16. Suber Cork 10.17. Enoplastic 10.18. Portocork 10.19. DIAM Bouchage 10.20. Vinventions USA 11. Key Findings 12. Industry Recommendations 13. Wine Corks Market: Research Methodology 14. Terms and Glossary

About This Report

Report ID 194610
Category Food & Beverages
Published Date Feb 2024
Updated Date
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