Press release
Cork Stoppers Market Size – Latest Growth, Development Trends & Forecast Report to 2025
The main objective of this report is to define, describe, and forecast the global “Cork Stoppers” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.
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Global Cork Stoppers Market: Overview
The global cork stoppers market has witnessed impressive growth over the past few years owing to increase in the consumption of premium wine. A cork stopper is a standard grade narrowing stopper that is usually used to plug wine/spirit bottles as well as lab vials/flask, thus avoiding any leakage. Cork stoppers are moisture resistant and are also chemically inert. Several kinds of cork stoppers ranging from premium natural cork, agglomerated cork or the mixtures of two or more materials are manufactured based on the requirement. The natural cork stoppers are best suited for the ageing of premium wines which allows the right amount of oxygen in contact with wines thus adding the desired flavor and aroma to the wines.
Global Cork Stoppers Market: Drivers & Restraints
Rising demand for wine across the globe joined with improved production is one of the crucial factors that drive the demand for cork stoppers during the forecast period. The premium wineries producers, and the cooking oil manufacturers are anticipated to generate significant growth as well as investment opportunities for cork stoppers manufacturers/players across the globe. The growing customer inclination towards consumption of premium aged and toasted wines is anticipated to stimulate the sales of cork stoppers market globally by the end of 2027. Also, key economies are witnessing rising income, which has led to higher expenditure and change in consumption patterns. However, substitutes for cork stoppers such as synthetic cork, screw cap, vino-lok, zork, etc. are likely to hamper the growth of the cork stoppers market during the forecast period.
Global Cork Stoppers Market: Segmentation
The global cork stoppers market is segmented as follows
On the basis of product type, the global cork stoppers market is segmented into:
Natural cork stopper
Colmated cork stoppers
Champagne/Sparkling wine cork stoppers
Agglomerated cork stoppers
Technical cork stoppers
Bar top cork stoppers
Multi-Piece cork stoppers
On the basis of container used, the global cork stoppers market is segmented into:
Wooden
Metal
Glass
Polyvinyl chloride (PVC)
Porcelain
Other material container
On the basis of applications, the global cork stoppers market is segmented into:
Wines
Premium spirits
Fragrances
Oils
Others
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Global Cork Stoppers Market: Regional Overview
Geographically, the global cork stoppers market is segmented into seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East and Africa (MEA).
The cork stoppers market in North America and European nations is expected to grow at a steady rate as these regions are projected to be the largest markets for the consumption of premium aged wines and other spirits in this region. In terms of production statistics, countries like Italy, France, Spain, etc. in Western Europe accounts for more than 30% of the global wine production and thus this region provides a broader scope of opportunities for the growth of cork stoppers market. The APAC region is estimated to be the most lucrative market with reference to growth in cork stoppers market. Countries like Australia, China, etc. have an established aged wines market and are prospective markets for cork stoppers. Likewise, growing end-use industries across Latin America and Middle-East & African region is likely to increase the demand for cork stoppers in the near future. Overall, the global cork stoppers market is expected to show a healthy CAGR during the forecast period.
Global Cork Stoppers Market: Key Players
Some key players that currently operate in cork stoppers market across the globe are Advance Cork International., Stanimirov Cork Industry Ltd., CorkLink Group., CP Lab Safety., Barnacork S.L., Jelinek Cork Group., Bangor Cork., Widgetco, INC., and many more.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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