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Global Wine Cork Market to Grow at a CAGR of 7.4% During 2022-2027, Aided by Increased Wine Consumption Worldwide

Wine Cork Market

Global Wine Cork Market: By Type: Natural, Synthetic; By Distribution Channel: Offline, Online; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Value Chain Analysis; Trade Data Analysis; Price Analysis; Competitive Landscape; Industry Events and Developments

Global Wine Cork Market Outlook

The global wine cork market stood at a value of around USD 25.84 billion in 2022. The market is further expected to grow at a CAGR of 7.4% in the forecast period of 2023-2028 to reach USD 29.64 billion by 2028.

 

Global Wine Cork Market

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Rising Demand for Natural Corks Due to Rising Environmental Concern to Bolster the Growth of the Industry

Based on type, natural corks are likely to account for a significant share in the market, owing to the low environmental impact of the product. The natural cork is obtained from a tree and conforms to the environmental guidelines by the government. The product also has the ability to catalyse the evolution of wine, owing to the presence of polyphenols, which evolve and allow the wine to establish its colour. Meanwhile, the synthetic cork segment is likely to witness a moderate demand in the forecast period, owing to the easy manufacturing capabilities and enhanced hygiene.

 

Rising Sales through Offline Stores to Augment the Wine Cork Industry

On the basis of distribution channel, the offline segment accounted for a significant share and is likely to witness a significant growth over the forecast period. This can be attributed to the easy and quick access to the wine, coupled with the anticipated growth of the wine and beer shops. Meanwhile, the online segment is likely to witness a robust growth over the forecast period, owing to the ease of delivery and the availability of diversified brands of wine on the online platforms.

 

Europe Accounts for a Significant Share in the Market

Europe accounted for a significant share in the market, owing to the traditional European culture of consuming wine during family gatherings, wedding ceremonies, house parties, and others. Over the forecast period, the growing popularity of wine among youth is likely to propel the demand for high-quality wines, thereby propelling the demand for corks. Cork is derived from the bark of Quercus Suber, also known as the cork oak tree. The majority of these trees grow in Portugal and Spain. This factor will further aid the market in Europe. Meanwhile, the North America cork market is anticipated to flourish over the forecast period, owing to the growing trend of online liquor shopping in the region. The major wine manufacturers are likely to witness increased sales of cork, owing to the rising demand for wine from online platforms.

 

Wine Cork: Market Segmentation

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. Corks have been used to seal wine bottles for thousands of years.

 

Global Wine Cork Market by Segment

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Based on type, the market is divided into:

  • Natural
  • Synthetic

On the basis of distribution channel, the industry is segmented into:

  • Offline
  • Online

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Wine Cork Market by Region

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Increasing Demand for Alcoholic Beverages to Boost the Growth of the Wine Cork Industry

The global wine cork industry is driven by the increasing demand for alcoholic beverages globally. The thriving food and beverages industry across the continents, owing to the growing population, rising popularity of wine, and the development of wine and beer shops in the emerging economies, is significantly contributing to the market growth. Cork is an essential component of the wine bottle as it sustains the oxidation process to help the wine evolve. The market will further be propelled by the rising awareness about the benefits of wine consumption, which include lowering of bad cholesterol, healthy heart, reduced risk of cancer, and skin glow, among others. The emergence of the e-commerce sector is likely to provide impetus to the market.

 

Key Industry Players in the Global Wine Cork Market

The report gives a detailed analysis of the following key players in the global wine cork market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • PrecisionElite
  • Waterloo Container Company
  • J. C. Ribeiro, S. A.
  • Amorim Cork, S.A.
  • We Cork Inc.
  • Jelinek Cork Group
  • Widgetco, Inc.
  • M.A. Silva USA, LLC.
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Distribution Channel, Region
Breakup by Type Natural, Synthetic
Breakup by Distribution Channel Offline, Online
Breakup by Region North America, Latin America, Europe, Middle East and Africa, Asia Pacific
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Trade Data Analysis Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume
Price Analysis Historical and Forecast Price Trends- Regional
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered PrecisionElite, Waterloo Container Company, J. C. Ribeiro, S. A., Amorim Cork, S.A., We Cork Inc., Jelinek Cork Group, Widgetco, Inc., M.A. Silva USA, LLC., Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Wine Cork Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Wine Cork Historical Market (2018-2022) 
    8.3    Global Wine Cork Market Forecast (2023-2028)
    8.4    Global Wine Cork Market by Type
        8.4.1    Natural
            8.4.1.1    Historical Trend (2018-2022)
            8.4.1.2    Forecast Trend (2023-2028)
        8.4.2    Synthetic
            8.4.2.1    Historical Trend (2018-2022)
            8.4.2.2    Forecast Trend (2023-2028)
    8.5    Global Wine Cork Market by Distribution Channel
        8.5.1    Offline
            8.5.1.1    Historical Trend (2018-2022)
            8.5.1.2    Forecast Trend (2023-2028)
        8.5.2    Online
            8.5.2.1    Historical Trend (2018-2022)
            8.5.2.2    Forecast Trend (2023-2028)
    8.6    Global Wine Cork Market by Region        
        8.6.1    North America
            8.6.1.1    Historical Trend (2018-2022) 
            8.6.1.2    Forecast Trend (2023-2028)
        8.6.2    Europe
            8.6.2.1    Historical Trend (2018-2022) 
            8.6.2.2    Forecast Trend (2023-2028)
        8.6.3    Asia Pacific
            8.6.3.1    Historical Trend (2018-2022) 
            8.6.3.2    Forecast Trend (2023-2028)
        8.6.4    Latin America
            8.6.4.1    Historical Trend (2018-2022) 
            8.6.4.2    Forecast Trend (2023-2028)
        8.6.5    Middle East and Africa
            8.6.5.1    Historical Trend (2018-2022) 
            8.6.5.2    Forecast Trend (2023-2028)
9    North America Wine Cork Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2022) 
        9.1.2    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Historical Trend (2018-2022) 
        9.2.2    Forecast Trend (2023-2028)
10    Europe Wine Cork Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2022) 
        10.1.2    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Historical Trend (2018-2022) 
        10.2.2    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Historical Trend (2018-2022) 
        10.3.2    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Historical Trend (2018-2022) 
        10.4.2    Forecast Trend (2023-2028)
    10.5   Others
11    Asia Pacific Wine Cork Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2022) 
        11.1.2    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Historical Trend (2018-2022) 
        11.2.2    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Historical Trend (2018-2022) 
        11.3.2    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2022) 
        11.4.2    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Historical Trend (2018-2022) 
        11.5.2    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Wine Cork Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2022) 
        12.1.2    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2022) 
        12.2.2    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2022) 
        12.3.2    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Wine Cork Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2022) 
        13.1.2    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2022) 
        13.2.2    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2022) 
        13.3.2    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2022) 
        13.4.2    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis 
16    Trade Data Analysis
    16.1    Major Exporting Countries
        16.1.1    By Value
        16.1.2    By Volume
    16.2    Major Importing Countries
        16.2.1    By Value
        16.2.2    By Volume 
17    Price Analysis
    17.1    North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
    17.2    Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
    17.3    Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
    17.4    Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
    17.5    Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
18    Competitive Landscape
    18.1    Market Structure
    18.2    Company Profiles
        18.2.1    PrecisionElite
            18.2.1.1    Company Overview
            18.2.1.2    Product Portfolio
            18.2.1.3    Demographic Reach and Achievements
            18.2.1.4    Certifications
        18.2.2    Waterloo Container Company
            18.2.2.1    Company Overview
            18.2.2.2    Product Portfolio
            18.2.2.3    Demographic Reach and Achievements
            18.2.2.4    Certifications
        18.2.3    J. C. Ribeiro, S. A.
            18.2.3.1    Company Overview
            18.2.3.2    Product Portfolio
            18.2.3.3    Demographic Reach and Achievements
            18.2.3.4    Certifications
        18.2.4    Amorim Cork, S.A.
            18.2.4.1    Company Overview
            18.2.4.2    Product Portfolio
            18.2.4.3    Demographic Reach and Achievements
            18.2.4.4    Certifications
        18.2.5    We Cork Inc.
            18.2.5.1    Company Overview
            18.2.5.2    Product Portfolio
            18.2.5.3    Demographic Reach and Achievements
            18.2.5.4    Certifications
        18.2.6    Jelinek Cork Group
            18.2.6.1    Company Overview
            18.2.6.2    Product Portfolio
            18.2.6.3    Demographic Reach and Achievements
            18.2.6.4    Certifications
        18.2.7    Widgetco, Inc. 
            18.2.7.1    Company Overview
            18.2.7.2    Product Portfolio
            18.2.7.3    Demographic Reach and Achievements
            18.2.7.4    Certifications
        18.2.8    M.A. Silva USA, LLC.
            18.2.8.1    Company Overview
            18.2.8.2    Product Portfolio
            18.2.8.3    Demographic Reach and Achievements
            18.2.8.4    Certifications
        18.2.9    Others
19    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Wine Cork Market: Key Industry Highlights, 2018 and 2028
2.    Global Wine Cork Historical Market: Breakup by Type (USD Billion), 2018-2022
3.    Global Wine Cork Market Forecast: Breakup by Type (USD Billion), 2023-2028
4.    Global Wine Cork Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2022
5.    Global Wine Cork Market Forecast: Breakup by Distribution Channel (USD Billion), 2023-2028
6.    Global Wine Cork Historical Market: Breakup by Region (USD Billion), 2018-2022
7.    Global Wine Cork Market Forecast: Breakup by Region (USD Billion), 2023-2028
8.    North America Wine Cork Historical Market: Breakup by Country (USD Billion), 2018-2022
9.    North America Wine Cork Market Forecast: Breakup by Country (USD Billion), 2023-2028
10.    Europe Wine Cork Historical Market: Breakup by Country (USD Billion), 2018-2022
11.    Europe Wine Cork Market Forecast: Breakup by Country (USD Billion), 2023-2028
12.    Asia Pacific Wine Cork Historical Market: Breakup by Country (USD Billion), 2018-2022
13.    Asia Pacific Wine Cork Market Forecast: Breakup by Country (USD Billion), 2023-2028
14.    Latin America Wine Cork Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    Latin America Wine Cork Market Forecast: Breakup by Country (USD Billion), 2023-2028
16.    Middle East and Africa Wine Cork Historical Market: Breakup by Country (USD Billion), 2018-2022
17.    Middle East and Africa Wine Cork Market Forecast: Breakup by Country (USD Billion), 2023-2028
18.    Major Importing Countries by Volume (2020)
19.    Major Exporting Countries by Volume (2020)
20.    Major Importing Countries by Value (2020)
21.    Major Exporting Countries by Value (2020)
22.    North America Historical Price Trends and Forecast 2018-2028
23.    Europe Historical Price Trends and Forecast 2018-2028
24.    Asia Pacific Historical Price Trends and Forecast 2018-2028
25.    Latin America Historical Price Trends and Forecast 2018-2028
26.    Middle East and Africa Historical Price Trends and Forecast 2018-2028
27.    Global Wine Cork Market Structure

Key Questions Answered in the Report

What was the global wine cork market size in 2022?

In 2022, the global wine cork market attained a value of nearly USD 25.84 billion.

What is the growth rate of the market?

The market is estimated to witness a healthy growth at a CAGR of 7.4% in the forecast period of 2023-2028.

What is the forecast outlook of the market for 2023-2028?

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 29.64 billion by 2028.

What are the major industry drivers?

The major drivers of the industry, such as the rising demand for natural corks, increasing consumption of alcoholic beverages, thriving food and beverage industry, the steady development of wine and beer shops in emerging economies, the increasing importance of corks for the evolution of wine, and growing e-commerce sector, are expected to aid the market growth.

What are the key industry trends of the global wine cork market?

The key market trends guiding the growth of the industry include the growing technological advancements and the expansion of distribution channels of wine, which include the availability of liquor through e-commerce platforms.

What are the major regional markets of the global wine cork, according to the EMR report?

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the major types of the product?

Natural and synthetic are the major types of the product.

What are the different distribution channels of the product?

Offline and online are the different distribution channels of the product.

Who are the key industry players, according to the report?

The major players in the industry are PrecisionElite, Waterloo Container Company, J. C. Ribeiro, S. A., Amorim Cork, S.A., We Cork Inc., Jelinek Cork Group, Widgetco, Inc., and M.A. Silva USA, LLC., among others.

Analyst Review

The global wine cork market attained a value of USD 25.84 billion in 2022, driven by the rising demand for natural corks and the increasing importance of corks for the evolution of wine, and growing e-commerce sector. Aided by the growing digitalisation and technological advancements in the distribution channels of wine, which include the liquor through e-commerce platforms, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 7.4%. The market is projected to reach USD 29.64 billion by 2028.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. On the basis of type, the market is divided into natural and synthetic. The distribution channels of the product include offline and online. The major regional markets for wine cork are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include PrecisionElite, Waterloo Container Company, J. C. Ribeiro, S. A., Amorim Cork, S.A., We Cork Inc., Jelinek Cork Group, Widgetco, Inc., and M.A. Silva USA, LLC., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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