Global Wine Corks Market
Dublin, Dec. 30, 2022 (GLOBE NEWSWIRE) -- The "Wine Corks Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global wine corks market size reached US$ 15.6 Billion in 2021. Looking forward, the market is set to reach US$ 22.1 Billion by 2027, exhibiting a CAGR of 5.98% during 2021-2027.
Despite the launch of capsules and plastic stoppers, wine corks remain a popular choice as the closure of premium wine bottles. This can be attributed to their exceptional properties like moisture resistance, high compressibility, and impermeability to liquids, which help in prolonging the aging of wine and enhancing its overall taste and flavor.
Wine Corks Market Trends:
Rising wine consumption, especially among the young population, on account of inflating income levels, changing lifestyles and emerging socialization trends represents one of the significant factors stimulating the market growth.
Apart from this, the rising consumer inclination towards luxury and superior quality products is also bolstering the market growth, as the moderate consumption of wine is associated with a reduced risk of heart diseases, stroke, diabetes, and digestive tract infection.
Additionally, the increasing utilization of premium wine variants in gourmet cooking to intensify and enhance the flavor, aroma and taste of finished dishes is driving the market. As a result, their application is expanding in the confectionery sector for baking cakes and brownies and making chocolates and candies.
This, in turn, is bolstering the demand for wine corks. Apart from this, the growing popularity of wine tourism is anticipated to drive the sales of exotic and unique wines and present lucrative opportunities to market players.
Key Questions Answered in This Report:
How has the global wine corks market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global wine corks market?
What are the key regional markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the distribution channel?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global wine corks market and who are the key players?
What is the degree of competition in the industry?
No. of Pages
2021 - 2027
Estimated Market Value (USD) in 2021
Forecasted Market Value (USD) by 2027
Compound Annual Growth Rate
The competitive landscape of the industry has also been examined along with the profiles of the key players being
Allstates Rubber & Tool Corp.
Jelinek Cork Group
M.A. Silva Usa Llc
PrecisionElite limited company
Waterloo Container Company
WE Cork Inc
Wine Enthusiast Companies
Key Market Segmentation:
Breakup by Type:
Breakup by Distribution Channel:
Breakup by Region:
Middle East and Africa
For more information about this report visit https://www.researchandmarkets.com/r/qsjgsu
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