The Global Wine Cork Market size is expected to reach $7.9 billion by 2030, rising at a market growth of 4.7% CAGR during the forecast period. In the year 2022, the market attained a volume of 4,966.6 hundred units, experiencing a growth of 4.7% (2019-2022).
In countries such as Portugal, Spain, France, Italy, and Greece, cork oak forests are abundant, and cork harvesting has become an integral part of rural livelihoods and cultural identity. Therefore, the Europe segment captured $3,356.7 million revenue in the market in 2022. When it comes to wine manufacturing, Europe has a rich cultural legacy. Cork closures have been the go-to option for sealing wine bottles for generations. The enduring tradition of using cork closures in European winemaking contributes to the strong demand for cork in the region.
Cork closures are strongly associated with premium and high-quality wines in consumers' minds. wine connoisseurs and collectors, who value the nuances of wine aging and appreciate the ritualistic experience of opening a bottle, often prefer wines sealed with cork closures. The tradition associated with cork closures appeals to this discerning segment of consumers seeking rare, limited-production wines for investment or enjoyment. Hence, the increasing premiumization of wine is driving the market's growth.
Additionally, Wine consumption is no longer confined to traditional wine-producing regions. investment in the wine industry, both domestically and internationally, has fueled the expansion of wine production. Governments, private investors, and wine companies allocate resources to develop vineyards, establish wineries, and improve infrastructure. This investment is increasing wine production and, eventually, wine consumption. Hence, the increasing wine consumption is propelling the growth of the market.
However, Consumers are becoming more aware of cork taint and its potential impact on wine quality. cork taint can compromise wines' quality and aging potential, particularly those intended for long-term cellaring and aging. Wines affected by cork taint may lose complexity, freshness, and fruitiness over time, diminishing their value and appeal to wine enthusiasts and collectors. In conclusion, increasing cork taint concerns among consumers are hampering the market's growth.
By Distribution Channel Analysis
On the basis of distribution channel, the market is segmented into offline and online. In 2022, the online segment attained a 28.69% revenue share in the market. Online shopping offers unparalleled convenience and accessibility for consumers purchasing wine cork closures. With mobile phones, consumers can browse cork closures from various brands and suppliers without time or location constraints.
By Type Analysis
Based on type, the market is bifurcated into natural and synthetic. In 2022, the natural segment garnered 86.45% revenue share in the market. Consumers increasingly associate natural cork closures with authenticity, tradition, and craftsmanship in winemaking. Natural cork closures have a long-standing history in the wine industry and are perceived as the traditional choice for sealing premium and high-quality wines.
By Regional Analysis
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the Asia Pacific region generated 12.46% revenue share in the market. The Asia Pacific region is experiencing a significant increase in wine consumption, driven by changing consumer lifestyles, growing affluence, and evolving culinary preferences. As disposable incomes rise and Western dining trends become more prevalent, there is a growing appreciation for wine culture and consumption across Asia Pacific countries.
List of Key Companies Profiled
- Elkem ASA (Bluestar Elkem International Co., Ltd. S.A.)
- Zandur
- Amorim Cork, S.A. (Corticeira Amorim)
- M.A. Silva Corks, USA
- Allstates Rubber & Tool Corp.
- WidgetCo, Inc.
- WE Cork Inc.
- J.C. Ribeiro
- Jelinek Cork Group
Global Wine Cork Market Report Segmentation
By Distribution Channel (Volume, Hundred Units, USD Billion, 2019-2030)
By Type (Volume, Hundred Units, USD Billion, 2019-2030)
By Geography (Volume, Hundred Units, USD Billion, 2019-2030)
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1.Market Scope & Methodology
- 1.1Market Definition
- 1.2Objectives
- 1.3Market Scope
- 1.4Segmentation
- 1.4.1Global Wine Cork Market, by Distribution Channel
- 1.4.2Global Wine Cork Market, by Type
- 1.4.3Global Wine Cork Market, by Geography
- 1.5Methodology for the research
Chapter 2.Market at a Glance
Chapter 3.Market Overview
- 3.1Introduction
- 3.1.1Overview
- 3.1.1.1Market Composition and Scenario
- 3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Restraints
- 3.2.3Market Opportunities
- 3.2.4Market Challenges
- 3.3Porter's Five Forces Analysis
Chapter 4.Global Wine Cork Market, By Distribution Channel
- 4.1Global Offline Market, By Region
- 4.2Global Online Market, By Region
Chapter 5.Global Wine Cork Market, By Type
- 5.1Global Natural Market, By Region
- 5.2Global Synthetic Market, By Region
Chapter 6.Global Wine Cork Market, By Region
- 6.1North America Wine Cork Market
- 6.1.1North America Wine Cork Market, By Distribution Channel
- 6.1.1.1North America Offline Market, By Country
- 6.1.1.2North America Online Market, By Country
- 6.1.2North America Wine Cork Market, By Type
- 6.1.2.1North America Natural Market, By Country
- 6.1.2.2North America Synthetic Market, By Country
- 6.1.1North America Wine Cork Market, By Country
- 6.1.1.1US Wine Cork Market
- 6.1.1.1.1US Wine Cork Market, By Distribution Channel
- 6.1.1.1.2US Wine Cork Market, By Type
- 6.1.1.2Canada Wine Cork Market
- 6.1.1.2.1Canada Wine Cork Market, By Distribution Channel
- 6.1.1.2.2Canada Wine Cork Market, By Type
- 6.1.1.3Mexico Wine Cork Market
- 6.1.1.3.1Mexico Wine Cork Market, By Distribution Channel
- 6.1.1.3.2Mexico Wine Cork Market, By Type
- 6.1.1.4Rest of North America Wine Cork Market
- 6.1.1.4.1Rest of North America Wine Cork Market, By Distribution Channel
- 6.1.1.4.2Rest of North America Wine Cork Market, By Type
- 6.2Europe Wine Cork Market
- 6.2.1Europe Wine Cork Market, By Distribution Channel
- 6.2.1.1Europe Offline Market, By Country
- 6.2.1.2Europe Online Market, By Country
- 6.2.2Europe Wine Cork Market, By Type
- 6.2.2.1Europe Natural Market, By Country
- 6.2.2.2Europe Synthetic Market, By Country
- 6.2.3Europe Wine Cork Market, By Country
- 6.2.3.1Germany Wine Cork Market
- 6.2.3.1.1Germany Wine Cork Market, By Distribution Channel
- 6.2.3.1.2Germany Wine Cork Market, By Type
- 6.2.3.2UK Wine Cork Market
- 6.2.3.2.1UK Wine Cork Market, By Distribution Channel
- 6.2.3.2.2UK Wine Cork Market, By Type
- 6.2.3.3France Wine Cork Market
- 6.2.3.3.1France Wine Cork Market, By Distribution Channel
- 6.2.3.3.2France Wine Cork Market, By Type
- 6.2.3.4Russia Wine Cork Market
- 6.2.3.4.1Russia Wine Cork Market, By Distribution Channel
- 6.2.3.4.2Russia Wine Cork Market, By Type
- 6.2.3.5Spain Wine Cork Market
- 6.2.3.5.1Spain Wine Cork Market, By Distribution Channel
- 6.2.3.5.2Spain Wine Cork Market, By Type
- 6.2.3.6Italy Wine Cork Market
- 6.2.3.6.1Italy Wine Cork Market, By Distribution Channel
- 6.2.3.6.2Italy Wine Cork Market, By Type
- 6.2.3.7Rest of Europe Wine Cork Market
- 6.2.3.7.1Rest of Europe Wine Cork Market, By Distribution Channel
- 6.2.3.7.2Rest of Europe Wine Cork Market, By Type
- 6.3Asia Pacific Wine Cork Market
- 6.3.1Asia Pacific Wine Cork Market, By Distribution Channel
- 6.3.1.1Asia Pacific Offline Market, By Country
- 6.3.1.2Asia Pacific Online Market, By Country
- 6.3.2Asia Pacific Wine Cork Market, By Type
- 6.3.2.1Asia Pacific Natural Market, By Country
- 6.3.2.2Asia Pacific Synthetic Market, By Country
- 6.3.3Asia Pacific Wine Cork Market, By Country
- 6.3.3.1China Wine Cork Market
- 6.3.3.1.1China Wine Cork Market, By Distribution Channel
- 6.3.3.1.2China Wine Cork Market, By Type
- 6.3.3.2Japan Wine Cork Market
- 6.3.3.2.1Japan Wine Cork Market, By Distribution Channel
- 6.3.3.2.2Japan Wine Cork Market, By Type
- 6.3.3.3India Wine Cork Market
- 6.3.3.3.1India Wine Cork Market, By Distribution Channel
- 6.3.3.3.2India Wine Cork Market, By Type
- 6.3.3.4South Korea Wine Cork Market
- 6.3.3.4.1South Korea Wine Cork Market, By Distribution Channel
- 6.3.3.4.2South Korea Wine Cork Market, By Type
- 6.3.3.5Australia Wine Cork Market
- 6.3.3.5.1Australia Wine Cork Market, By Distribution Channel
- 6.3.3.5.2Australia Wine Cork Market, By Type
- 6.3.3.6Malaysia Wine Cork Market
- 6.3.3.6.1Malaysia Wine Cork Market, By Distribution Channel
- 6.3.3.6.2Malaysia Wine Cork Market, By Type
- 6.3.3.7Rest of Asia Pacific Wine Cork Market
- 6.3.3.7.1Rest of Asia Pacific Wine Cork Market, By Distribution Channel
- 6.3.3.7.2Rest of Asia Pacific Wine Cork Market, By Type
- 6.4LAMEA Wine Cork Market
- 6.4.1LAMEA Wine Cork Market, By Distribution Channel
- 6.4.1.1LAMEA Offline Market, By Country
- 6.4.1.2LAMEA Online Market, By Country
- 6.4.2LAMEA Wine Cork Market, By Type
- 6.4.2.1LAMEA Natural Market, By Country
- 6.4.2.2LAMEA Synthetic Market, By Country
- 6.4.3LAMEA Wine Cork Market, By Country
- 6.4.3.1Brazil Wine Cork Market
- 6.4.3.1.1Brazil Wine Cork Market, By Distribution Channel
- 6.4.3.1.2Brazil Wine Cork Market, By Type
- 6.4.3.2Argentina Wine Cork Market
- 6.4.3.2.1Argentina Wine Cork Market, By Distribution Channel
- 6.4.3.2.2Argentina Wine Cork Market, By Type
- 6.4.3.3UAE Wine Cork Market
- 6.4.3.3.1UAE Wine Cork Market, By Distribution Channel
- 6.4.3.3.2UAE Wine Cork Market, By Type
- 6.4.3.4Egypt Wine Cork Market
- 6.4.3.4.1Egypt Wine Cork Market, By Distribution Channel
- 6.4.3.4.2Egypt Wine Cork Market, By Type
- 6.4.3.5South Africa Wine Cork Market
- 6.4.3.5.1South Africa Wine Cork Market, By Distribution Channel
- 6.4.3.5.2South Africa Wine Cork Market, By Type
- 6.4.3.6Nigeria Wine Cork Market
- 6.4.3.6.1Nigeria Wine Cork Market, By Distribution Channel
- 6.4.3.6.2Nigeria Wine Cork Market, By Type
- 6.4.3.7Rest of LAMEA Wine Cork Market
- 6.4.3.7.1Rest of LAMEA Wine Cork Market, By Distribution Channel
- 6.4.3.7.2Rest of LAMEA Wine Cork Market, By Type
Chapter 7.Company Profiles
- 7.1Elkem ASA (Bluestar Elkem International Co., Ltd. S.A.)
- 7.1.1Company Overview
- 7.1.2Financial Analysis
- 7.1.3Regional & Segmental Analysis
- 7.1.4Research & Development Expenses
- 7.1.5SWOT Analysis
- 7.2ZANDUR
- 7.3Amorim Cork, S.A. (Corticeira Amorim)
- 7.3.1Company Overview
- 7.3.2Financial Analysis
- 7.3.3Segmental and Regional Analysis
- 7.3.4Research & Development Expenses
- 7.3.5SWOT Analysis
- 7.4M.A. Silva Cork, USA
- 7.4.1Company Overview
- 7.4.2SWOT Analysis
- 7.5Allstates Rubber & Tool Corp.
- 7.6WidgetCo, Inc.
- 7.6.1Company Overview
- 7.6.2SWOT Analysis
- 7.7WE Cork Inc.
- 7.7.1Company Overview
- 7.7.2SWOT Analysis
- 7.8J.C. Ribeiro
- 7.8.1Company Overview
- 7.8.2Recent strategies and developments:
- 7.8.2.1Partnerships, Collaborations, and Agreements:
- 7.8.3SWOT Analysis
- 7.9Jelinek Cork Group
- 7.9.1Company Overview
- 7.9.2SWOT Analysis
Chapter 8.Winning imperatives of Wine Cork Market