Lucintel Forecasts the Global Wine Cork Market to Reach $23.0 billion by 2030
Lucintel Forecasts the Global Wine Cork Market to Reach $23.0 billion by 2030
Blog Article
According to a market report by Lucintel, the future of the global wine cork market looks promising with opportunities in the offline and online markets. The global wine cork market is expected to reach an estimated $23.0 billion by 2030 from $16.7 billion in 2024, at a CAGR of 5.5% from 2024 to 2030. The major drivers for this market are increase in the quantity of wineries and elevated demand potential for exported wine.
A more than 150-page report to understand trends, opportunity and forecast in wine cork market to 2030 by type (natural and synthetic), distribution channel (offline and online), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that natural is expected to witness the higher growth over the forecast period due to its capacity to grow and shrink to the necessary extent to maintain an airtight seal on a wine bottle.
Within this market, offline will remain the larger segment due to rising in robust structured wine retail network in both developed and developing countries.
Download sample by clicking on wine cork market
Europe will remain the largest region over the forecast period due to increasing custom of drinking wine at festivities, festivals, weddings, and other family get-togethers in the region.
Amorim Cork, Jelinek Cork, Waterloo Container, J. C. Ribeiro, We Cork, Elkem Silicones, Precision Elite, WidgetCo, Allstates Rubber & Tool, M.A. Silva are the major suppliers in the wine cork market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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