The global wine cork market is set to enjoy a valuation of US$ 59.3 Million in 2022, and further expand at a CAGR of 4.5% to reach US$ 92.2 Million by the year 2032.
Consumers prefer to buy wines with cork stoppers. Cork demand has increased due to a larger proportion of wine being sealed with cork rather than being sold in bulk. The wine cork allows optimum control of oxygen transfer through the closure. The outer flexible skin of wine cork provides a traditional appearance.
Plastic cork is gaining importance in the global wine cork market. The plastic cork is even better, more hygienic, more recyclable, more washable, less cross-contaminate-prone, easier to manufacture with, more printable, just as corkscrew-capable, more durable, less prone to shattering, never flawed with internal rocks , non-rotting, less chemically interactive, better sealing and cheaper.
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Global wine cork market: Key players
Some of the key players in the global wine cork market are Jelinek Cork Group, Wine Enthusiast Companies, Widgetco, Inc., Amorim Cork Composites S.A., Bangor Cork Inc., Keval Import Export private limited, Waterloo Container Company, M.A. Silva USA, LLC, Helix Packaging, Precision Elite limited company, Elkem Silicones limited, Allstates Rubber Inc. & Tool Corp.
Global wine cork market: Segmentation
On the basis of product type, the global wine cork market has been segmented as
- Natural Wine Corks
- Ice Wine Natural Corks
- Pore Filled Natural Wine Corks
- Double Disc Corks or Twin Top Cork
- Agglomerate Wine Corks
- Synthetic Wine Corks
- Regular Cork
- Sparkling Wine Corks
- Wine-Lok / Vinolok
- Zork
- Others
On the basis of material type, the global wine cork market has been segmented as
- Plastic
- Aluminum
- Glass
- Wood
- Others
On the basis of technology, the global wine cork market has been segmented as
- Injection Moulding
- Extrusion Moulding
- Combination of injection and extrusion process
On the basis of distribution channel, the global wine cork market has been segmented as
- Online distribution channel
- Traditional retail
On the basis of region, the global wine cork market has been segmented as
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan
- Middle East & Africa
- Japan
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Global wine cork market: Key Developments
In October 2016, Helix packaging company, based in Carlton, Australia developed innovative cork system known as twist-to-open. The new twist-to-open system combines an ergonomically-designed stopper which is made from glass bottle and cork. This creates a high performing and sophisticated packaging solution for wine. Helix Packaging Company has combined all the benefits of cork and glass – quality, sustainability and premium image – with user-friendly, twist open, re-sealable convenience.
Global wine cork market overview
Worldwide wine cork production is estimated to be slightly less than 13 billion in 2017. The estimate includes agglomerated cork stoppers and champagne corks. Worldwide production of cork is estimated to be 3,075,000 tons in 2017.
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Regional analysis includes
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- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
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