Wine Corks Market Estimated to Grow at a CAGR of More Than 6% During 2022 to 2027 | Allstates Rubber & Tool Corp., Amorim Cork, Bangor Cork, Corksribas, Jelinek Cork Group and More

According to the latest report by IMARC Group, titled "Wine Corks Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.

Year considered to estimate the market size:

• Base year of the analysis: 2021
• Historical period: 2016-2021
• Forecast period: 2022-2027

The global wine corks market size reached US$ 15.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 22.1 Billion by 2027, exhibiting a growth rate (CAGR) of 6% during 2022-2027. 

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Market Outlook: 

A wine cork or wine stopper is a piece of bark obtained from the oak tree known as cork oak or Quercus suber. It is also made from chunks of rubber and other materials consisting of wax, suberin and lignin. Wine cork is used to control the physical and chemical properties of the wine such as it controls the moisture, prevents spillage, stops oxidation, and controls the presence of microorganisms. Nowadays, wine corks are gaining popularity as a popular option for closing old and premium wine bottles as the cells are impermeable and do not extract flavors from the bottle.

Market Trends and Drivers:

The global wine cork market is driven by the growing awareness regarding the benefits of using wine corks for wine preservation. Wine cork offers numerous properties, including high compressibility, and the ability to enhance the overall taste and flavor of wine.

Furthermore, the increasing preference for wine during social events and gatherings due to the growing trend of social media and influencer culture has also influenced the demand for wine corks. Moreover, with the advent of modern technology, manufacturers are introducing wine accessories, such as wine corks, made from wood, glass, aluminum, and plastic. These factors are expected to fuel the market in the upcoming years.

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Wine Corks Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape with Key Players:

The competitive landscape of the global wine corks market has been studied in the report with the detailed profiles of the key players operating in the market.

List of Key Companies Covered in this Market Report:

• Allstates Rubber & Tool Corp.
• Amorim Cork
• Bangor Cork
• Corksribas
• Jelinek Cork Group
• A. Silva Usa Llc
• PrecisionElite limited company
• Waterloo Container Company
• WE Cork Inc
• WidgetCo Inc.
• Wine Enthusiast Companies
• Zandur

Market Segmentation:

The report has segmented the global wine corks market on the basis of type, distribution channel and region.

Based on Type:

• Natural
• Synthetic

Based on Distribution Channel:

• Offline
• Online

Geographical Analysis: 

• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

Explore Full Report Description At: https://www.imarcgroup.com/wine-corks-market/requestsample

Key Highlights of the Report:               

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Industry Trends
• Market Drivers and Success Factors
• The Impact of COVID-19 on the Global Market
• Value Chain Analysis
• Structure of the Global Market
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.