Cork Stopper Market Size Worth $4.52 Billion By 2032 | CAGR: 8.1%

The global Cork Stopper market size is expected to reach USD 4.52 billion by 2032, according to a new study by Polaris Market Research. The report “Cork Stopper Market Share, Size, Trends, Industry Analysis Report, By Type (Natural Cork Stoppers, Champagne/Sparkling Wine Cork Stoppers, Bartop Cork Stoppers, Multi-piece Cork Stoppers, Others), By Application, By Region, Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Market is driven by the growth of the wine industry, which is experiencing steady expansion globally. This growth is fueled by changing consumer preferences, increasing demand from emerging markets, and a growing preference for premium wines that require high-quality packaging to maintain their taste and aroma. As more wine producers enter the market and existing producers expand their operations, the demand for cork stoppers is expected to rise. In addition to the growth of the wine industry, there is a growing trend towards sustainability in the wine industry, which has led to an increased demand for natural cork stoppers.

Natural cork stoppers are biodegradable, recyclable, and compostable, making them an eco-friendly option for wine packaging. As consumers become more environmentally conscious, many winemakers are choosing natural cork stoppers over synthetic alternatives. For Example, Amorim, a Portuguese company that is the world's leading producer of cork stoppers, has been investing heavily in sustainability initiatives, including reducing its carbon footprint and developing new technologies to recycle and repurpose cork waste. This has helped the company to meet the growing demand for sustainable products and maintain its position in the market.

Furthermore, the rise of craft distilleries and microbreweries in many countries has also contributed to the growth of the market. These producers often use cork stoppers for their products, which include not only wine but also spirits and beer. This has further boosted the demand for cork stoppers in the market. The COVID-19 pandemic has had a significant impact on the market. With the decrease in demand from the wine industry due to restaurant and bar closures, disruptions in the supply chain, and changes in consumer behavior, the market has faced several challenges. However, the shift towards purchasing wine for at-home consumption through online and retail channels has partially offset the decrease in demand. As the wine industry adapts to the new normal, the demand for cork stoppers is expected to increase, providing opportunities for growth in the market.

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In February 2023, Nomacorc, a brand under the Vinventions Group, has launched Nomacorc Ocean, the world's first wine closure that helps protect the oceans. Nomacorc Ocean is made from a plant-based polymer called BioPET and contains 30% ocean-bound plastics, which are plastics collected from at-risk coastal areas before they enter the ocean. By using ocean-bound plastics, Nomacorc Ocean aims to reduce plastic waste and support a circular economy.

Cork Stopper Market Report Highlights

• The natural cork segment is expected to maintain its dominance in the market due to Its unique character that adds to the wine's flavor, making it the preferred choice of many wine producers.
• The wines segment dominates the market with a major revenue in 2022, driven by the expansion of the wine industry and increasing demand from emerging markets.
• North America dominates the market with a major revenue in 2022, driven by high consumption of premium-aged wines and spirits.
• The global players include Amorim, Cork Supply, Nomacorc, Trefinos, WidgetCo, Jelinek Cork Group and others.

Polaris Market Research has segmented the Cork Stopper market report based on type, product, application and region:

Cork Stopper, Type Outlook (Revenue, USD Billion, 2019 - 2032)                                       

• Natural Cork Stoppers
• Champagne/Sparkling Wine Cork Stoppers
• Bartop Cork Stoppers
• Multi-piece Cork Stoppers
• Others

Cork Stopper, Application Outlook (Revenue, USD Billion, 2019 - 2032)

• Wines
• Spirits
• Fragrances
• Oils
• Others

Cork Stopper, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa