Global Cork Stoppers Market, By Product Type (Natural Cork Stopper, Colmated Cork Stoppers, Champagne/ Sparkling Wine Cork Stoppers, Agglomerated Cork Stoppers, Technical Cork stoppers, Bar Top Cork Stoppers and Multi-Piece Cork Stoppers), Container Type (Wooden, Metal, Glass, Polyvinyl Chloride (PVC), Porcelain and Other Material Container), Application (Wines, Premium Spirits, Fragrances, Oils, Craft Accessories and Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Cork Stoppers Market
Data Bridge Market Research analyses that the cork stoppers market will project a CAGR of 10.50% for the forecast period of 2021-2028. Rising focus on the packaging product innovations by the manufacturers, growing demand and consumption of wine, growth and expansion of packaging industry especially in the developing economies and increased personal disposable income are the factors driving the growth of cork stoppers market. Therefore, the cork stoppers market value, which was USD 1,100 million in 2020, will rocket up to USD 2,445.06 million by 2028.
From the name itself, it is clear that cork stoppers are chunk of rubbers or other materials that are used as a stopper in bottles to prevent them from spillage. Not just that, the role of cork stoppers is to preserve the quality of the beverage and keep the efficiency and taste of the product intact. They are responsible for controlling the moisture in the bottle, thickness, extraction force, oxidants, extraction of flavours and presence of microorganisms in the bottle.
Rising demand for sustainable packaging solutions is driving the growth in the cork stoppers market value. Growing demand for wine and premium spirits across the globe and growth and expansion of the food and beverages industry especially in the developing economies will further induce growth in the cork stoppers market value. Rising proliferation of e-commerce industry especially in the developing economies, increased focus on the adoption of advancement of manufacturing technology, increasing westernization, modernization, urbanization, ever-rising global population, improving distribution channel, and increasing personal disposable income are some other indirect factors that will also promote the cork stoppers market growth rate.
However, fluctuations in the prices of raw packaging materials will create hindrances for the cork stoppers market growth rate. Availability of substitutes such as synthetic cork, screw cap, vino-lok and others will further dampen the cork stoppers market growth rate. Also, infrastructural challenges in developing countries will hamper the cork stoppers market growth rate.
This cork stoppers market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on cork stoppers market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Cork Stoppers Market Scope and Market Size
Global cork stoppers market is segmented on the basis of product type, container type and application. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product type, the 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 and multi-piece cork stoppers.
- On the basis of container type, the cork stoppers market is segmented into wooden, metal, glass, polyvinyl chloride (PVC), porcelain and other material container.
- On the basis of application, the cork stoppers market is segmented into wines, premium spirits, fragrances, oils, craft accessories and others.
Cork Stoppers Market Country Level Analysis
The global cork stoppers market is analysed and market size insights and trends are provided by country, product type, container type and application as referenced above.
The countries covered in the cork stoppers market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America and Europe dominate the cork stoppers market and will continue to flourish its trend of dominance during the forecast period owing to rising consumption rate of premium aged wines and other spirits. Asia-Pacific will however score the highest CAGR for this period. Availability of raw materials, low manufacturing costs in emerging economies like India and China, rising westernization, ever-rising population, growing demand for alcoholic beverages and increasing personal disposable income are some important market growth determinants.
The country section of the cork stoppers market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Cork Stoppers Market Share Analysis
The cork stoppers market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to cork stoppers market.
The major players covered in the cork stoppers market report are Vinventions., Cork Supply., Corticeira Amorim., M.A. Silva USA, Advance Cork International., PORTOCORK AMERICA, Stanimirov Cork Industry Lda., CorkLink Westfield Technologies Lda, CP Lab Safety., Barnacork, JELINEK CORK GROUP, Bangor Cork, WidgetCo, Inc., HEBEI BELIN CORK CO. LTD, MJO CORK AUSTRALIA, GRANORTE., Home Legend. among other global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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