Cork Stoppers Market - Global Industry Analysis

Cork Stoppers Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2028

Category: Consumer Goods Report Format : PDF Report Code: ZMR-6906 Status : Upcoming

Description

Global Cork Stoppers Market: Overview

Cork is a standard grade plug used to close the wine bottles just like lab vials and cups, thereby preventing any spillage. Cork stoppers are bottle closures that have been used since ancient times. The cork stoppers hold the mechanical properties that permit insertions into the containers. However, they can be successfully removed with moderate force. It is chemically and physically very stable over a long period of time. Cork stoppers are widely used in wine bottles for maintaining the efficiency of the product and quality control purposes. Also, typical cork stoppers assist in controlling the thickness, moisture, and extraction force.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Global Cork Stoppers Market: Growth Factors

The global cork stoppers market is projected to grow with a high CAGR of 5.8 % during the forecast period due to the surging demand for premium spirits and wines with cork stoppers. Wine cork is typically manufactured from bark, which makes it a renewable resource and can be easily formed in the shape of any wine bottle, facilitating an appealing method to seal wine. Consumers frequently purchase premium spirits and wines with cork stoppers as it permits effective control of oxygen transfer. Additionally, the elasticity property of these stoppers is checked by their moisture content. Also, these cork stay elastic when inserted into the bottle, even with the moisture content. Cork made for closure purposes holds peculiar qualities that aid in effective interaction with wine. Also, its unique capacities like resistance and impermeability help maintain micro-oxygenation, thereby assuring the successful aging and maturation of wine and simultaneously preserving its essence. Furthermore, the cooking oil manufacturers are also likely to contribute heavily towards the growth of the global cork stoppers market. The growing interest of people in premium and aged wines is likely to further stimulate the demand and generate significant revenue out of the global cork stoppers market. However, the outbreak of the Covid-19 global pandemic has significantly impacted the growth of the global cork stoppers market, but the post-covid landscape is likely to throw strong growth prospects in the global cork stoppers market during the forecast period.

Global Cork Stoppers Market: Segmentation

The global cork stoppers market can be segmented into application, product, material, and region.

By application, the market can be segmented into oils, fragrances, premium spirits, wines, and others. The wine segment accounts for the largest share in the global cork stoppers market and is likely to grow with a CAGR of 4.7 % during the forecast period due to the growing awareness regarding its health benefits coupled with the advanced distribution network, improved production, and innovation of flavors. However, the premium spirit segment is also likely to grow significantly during the forecast period due to the growing consumption of sparkling premium aged and toasted wines.

By product, the market can be segmented into the synthetic, plastic bar top, wooden bar top, conical, champagne, agglomerated, collimated, and natural. The natural segment holds the largest share in the global cork stoppers market due to its unique characteristics that result in the proper conservation of sparkling wine over the years. Also, its wide availability is likely to stimulate the growth of the segment.

By material, the market can be segmented into porcelain, polyvinyl chloride, glass, metal, and wooden.

Global Cork Stoppers Market: Regional analysis

North America accounts for the largest share in the global cork stoppers market due to the presence of major manufacturers of wines and premium wines in the region. Additionally, the presence of a strong consumer base is further likely to stimulate the growth of the regional market.

However, Asia Pacific is also likely to grow fast during the forecast period due to the growing disposable income of people in the region. Additionally, the fast adoption of western culture will also contribute significantly towards the growth of the regional market.

Global Cork Stoppers Market: Competitive Players

Some of the significant players in the global cork stoppers market include Widgetco, INC., Bangor Cork., Jelinek Cork Group., Barnacork S.L., CP Lab Safety., CorkLink Group., Stanimirov Cork Industry Ltd., Advance Cork International., Portocork America, Rich Xiberta, Lafitte, MaSilva, Corticeira Amorim, Cork Supply, and Nomacorc.

Global Cork Stoppers Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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FrequentlyAsked Questions

The global cork stoppers market is projected to grow with a high CAGR of 5.8 % during the forecast period due to the surging demand for premium spirits and wines with cork stoppers. Wine cork is typically manufactured from bark, which makes it a renewable resource and can be easily formed in the shape of any wine bottle, facilitating an appealing method to seal wine.

Some of the significant players in the global cork stoppers market include Widgetco, INC., Bangor Cork., Jelinek Cork Group., Barnacork S.L., CP Lab Safety., CorkLink Group., Stanimirov Cork Industry Ltd., Advance Cork International., Portocork America, Rich Xiberta, Lafitte, MaSilva, Corticeira Amorim, Cork Supply, and Nomacorc.

North America accounts for the largest share in the global cork stoppers market due to the presence of major manufacturers of wines and premium wines in the region. Additionally, the presence of a strong consumer base is further likely to stimulate the growth of the regional market.

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