Market Overview:
The global closures for wine market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for wine globally, coupled with the rising trend of using screwcaps and plastic closures over cork closures. In terms of type, the screwcap closure segment is expected to grow at a higher CAGR than other segments during the forecast period. This can be attributed to its growing popularity among consumers owing to its benefits such as tamper-proofing and prevention of oxidation. Among applications, still wine segment is projected to hold a larger share in terms of value in 2030 as compared to sparkling wine segment.
Product Definition:
Closure is a term used in the wine industry to describe a type of bottle cap that seals the bottle with an inner liner and an outer seal. The most common closure for wine bottles is cork, but other closures include screw caps and synthetic corks.
Cork:
Cork is a natural material, which is derived from the bark of the tree (Quercus Suber) and it's used in wine industry as an alternative to synthetic materials such as PET. It has several advantages over plastic including recyclability, no harmful emissions when burned and it can be used for branding on bottles.
The global wine market was valued at USD 120 billion in 2015.
Screwcap:
Screwcap is a type of wine closure that consists of a metal cap with two posts attached to it by means of screws. The posts are used to support the foil or the plastic bag that contains the wine. It helps in preventing oxidation and cork taint and therefore, improves the shelf life of wine.
Application Insights:
The still wine application segment led the global closures for wine market in 2017. This segment is expected to continue its dominance over the forecast period owing to rising demand for various types of still wines, such as fortified, red and white table wines. The sparkling wine application segment is also expected to witness significant growth during the forecast period due to increasing demand from countries such as China, Italy and France.
Sparkling wines are gaining popularity among millennials due to their interest in fine beverages along with a growing preference towards premium alcohol products that offer unique flavors and aromas. This trend is likely to positively influence industry growth over the coming years since most of these drinks are sold directly through retail channels rather than through restaurants or bars like other alcoholic beverages do. Companies offering innovative packaging solutions including magnetic closure systems that protect beverage quality while maintaining carbonation level have witnessed tremendous sales on account of this trend which may spur industry expansion further down the road.
Regional Analysis:
Europe was the largest regional market in 2017 owing to high consumption of wine. Germany, France, Italy, Spain and U.K. are the major markets in Europe that contributed to more than 75% of global sales that year. Asia Pacific is expected to be the fastest-growing regional market at a CAGR of XX% from 2018 to 2030 due to increasing demand for Italian wines especially from China and India on account of strong brand image associated with them which has made them a status symbol among consumers in these countries thereby driving up their demand as well as consumption rates over this period.
Growth Factors:
- Increasing demand for premium wine products: The global wine market is growing at a steady pace and is expected to reach a value of more than 0 billion by 2025. This growth can be attributed to the increasing demand for premium wine products, especially from developed countries such as the US and Europe.
- Rising disposable income: A major factor driving the growth of the global wine market is rising disposable income, which has led to an increase in spending on luxury goods, including wines.
- Growing popularity of wine tourism: Wine tourism is becoming increasingly popular, with people travelling to different parts of the world in order to experience various wineries and vineyards. This trend is contributing significantly to the growth of the global wine market.
- Shift in consumer preferences towards organic wines: There has been a shift in consumer preferences towards organic wines in recent years, as consumers are becoming more aware about the health benefits associated with these types of wines. This trend is helping drivegrowthin thee Global Closures for Wine Market .5) Technological advancements: Advancements in technology have ledto innovationsinwine packagingandclosure systems,helpingtodrivegrowthintheglobal closuresforwinemarket
Scope Of The Report
Report Attributes
Report Details
Report Title
Closures for Wine Market Research Report
By Type
Cork, Screwcap, Plastic
By Application
Still Wine, Sparkling Wine
By Companies
Amorim, MASilva, Cork Supply, Vinvention, Guala Closures Group, Labrenta, DIAM, Precision Elite, Waterloo Container Company, AMCOR
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
187
Number of Tables & Figures
131
Customization Available
Yes, the report can be customized as per your need.
Global Closures for Wine Market Report Segments:
The global Closures for Wine market is segmented on the basis of:
Types
Cork, Screwcap, Plastic
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Still Wine, Sparkling Wine
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Amorim
- MASilva
- Cork Supply
- Vinvention
- Guala Closures Group
- Labrenta
- DIAM
- Precision Elite
- Waterloo Container Company
- AMCOR
Highlights of The Closures for Wine Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cork
- Screwcap
- Plastic
- By Application:
- Still Wine
- Sparkling Wine
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Closures for Wine Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Closures for wine are a way to protect wine from oxidation and other environmental damage.
Some of the major companies in the closures for wine market are Amorim, MASilva, Cork Supply, Vinvention, Guala Closures Group, Labrenta, DIAM, Precision Elite, Waterloo Container Company, AMCOR.
The closures for wine market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Closures for Wine Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Closures for Wine Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Closures for Wine Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Closures for Wine Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Closures for Wine Market Size & Forecast, 2020-2028
4.5.1 Closures for Wine Market Size and Y-o-Y Growth
4.5.2 Closures for Wine Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Cork
5.2.2 Screwcap
5.2.3 Plastic
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Still Wine
6.2.2 Sparkling Wine
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Closures for Wine Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Closures for Wine Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Cork
9.6.2 Screwcap
9.6.3 Plastic
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Still Wine
9.10.2 Sparkling Wine
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Cork
10.6.2 Screwcap
10.6.3 Plastic
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Still Wine
10.10.2 Sparkling Wine
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Cork
11.6.2 Screwcap
11.6.3 Plastic
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Still Wine
11.10.2 Sparkling Wine
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Cork
12.6.2 Screwcap
12.6.3 Plastic
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Still Wine
12.10.2 Sparkling Wine
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Cork
13.6.2 Screwcap
13.6.3 Plastic
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Still Wine
13.10.2 Sparkling Wine
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Closures for Wine Market: Competitive Dashboard
14.2 Global Closures for Wine Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Amorim
14.3.2 MASilva
14.3.3 Cork Supply
14.3.4 Vinvention
14.3.5 Guala Closures Group
14.3.6 Labrenta
14.3.7 DIAM
14.3.8 Precision Elite
14.3.9 Waterloo Container Company
14.3.10 AMCOR
