Industry Background:
The global wine corks market is expected to grow at a healthy pace during the forecast period, according to the AMA study. Increasing global wine production & sales propelled by growing preferences for premium wines among the consumers is expected to be one of the major factors aiding into the growth for the market. However, the market is expected to witness a decline in the growth during FY 2020 but it is again expected to rise with a healthy pace after the COVID-19 pandemic is over.
The Global Wine Corks market presents a comprehensive analysis of the Wine Corks market by product type (Agglomerate Cork, Champagne Cork, Regular Cork, Synthetic Cork, Screw Cap, Vino-Lok, Zork and Others), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. The key Vendors profiled in the report are Allstates Rubber Inc. & Tool Corporation (United States), Amorim Cork Composites S.A. (Portugal), Bangor Cork (United States), Elkem Silicones (France), Helix Packaging (Australia), Jelinek Cork Group (Canada), M.A. Silva USA, LLC (United States), Waterloo Container (United States), WidgetCo, Inc. (United States) and Wine Enthusiast Companies (United States).
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Allstates Rubber Inc. & Tool Corporation (United States), Amorim Cork Composites S.A. (Portugal), Bangor Cork (United States), Elkem Silicones (France), Helix Packaging (Australia), Jelinek Cork Group (Canada), M.A. Silva USA, LLC (United States), Waterloo Container (United States), WidgetCo, Inc. (United States) and Wine Enthusiast Companies (United States) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Rising Demand for Recyclable Corks
Market Growth Drivers:
Increasing Global Wine Production & Sales and Rising Preferences for Premium Wines Among Consumers
Challenges:
Short-term Challenges due to Reduced Operations Across Different Industries & Economic Crisis caused by COVID-19 Pandemic Leading to Demand & Supply Gap in the Market
Restraints:
High-Cost Associated Within Wine Wine Corks
Opportunities:
Opportunities in the Asia Pacific Region
Regional Breakdown and Segment Analysis
This section of our report presents a realistic picture of the Global Wine Corks industry. Investors and manufacturers can easily understand the inherent opportunities and challenges for their products in the geographical region of interest.
The Sales Channel, such as Online, is boosting the Wine Corks market and is anticipated to experience a steady growth during the forecast period.
The Material, such as Plastic, is boosting the Wine Corks market and is anticipated to experience a steady growth during the forecast period.
The Manufacturing Process, such as Injection Molding, is boosting the Wine Corks market and is anticipated to experience a steady growth during the forecast period.
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time.
The regional segmentation covered in this report are:
South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)