Market Overview:
The global wine closures 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 premium wines and the rising awareness about wine among consumers. In terms of type, the cork segment is expected to dominate the market during the forecast period, owing to its properties such as breathability and non-toxicity. However, in terms of growth rate, the screwcap segment is expected to grow at a higher rate than other segments during the forecast period.
Product Definition:
A wine closure is a device that seals the neck of a wine bottle to prevent oxidation, evaporation and contamination. The three main types of closures are natural cork, synthetic cork and screw cap.
Cork:
Cork is a natural material, which is derived from the bark of the tree (Quercus Suber) and it's used as an alternative to synthetic materials such as plastics and polymers. It has been gaining importance in wine closures market on account of its superior properties including aroma retention.
The global wine closure market size was valued at USD 2,2017 million in 2016.
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 corks in place and prevent them from migrating within the bottle while being stored. It’s an effective solution for wines that improve with age, as younger wines benefit from a period in contact with air (a few months for red wine and up to several years for white wine).
Application Insights:
The still wine application segment led the global wine closures market in 2017. This is attributed to increasing demand for various types of still wines across the world. The sparkling wine application segment is expected to witness significant growth over the forecast period owing to rising demand for this beverage from various end-use industries including restaurants and bars.
Sparkling wines are gaining popularity among millennials as an alternative to traditional carbonated soft drinks such as Coca-Cola and PepsiCo Inc. However, there are few studies suggesting that sugar intake through this beverage might be harmful due to presence of phosphoric acid (PAH). Therefore, PAH regulation might hinder industry growth over the coming years if proper steps are not taken soon by regulatory bodies worldwide.
Regional Analysis:
North America accounted for the largest share of over 35.0% in 2017. The U.S., being a major consumer and producer, has a strong presence of wineries that use closure types as an essential part of wine packaging to prevent oxidation or contamination caused during transport from one place to another, thus maintaining the quality and taste of wine intact throughout its journey from vineyard to table top.
Asia Pacific is expected to be the fastest-growing region with a CAGR exceeding 5% during the forecast period owing to increasing demand for still & sparkling wines across various occasions in countries such as China, India, South Korea and Japan among others which are also growing rapidly due to their large young population looking for affordable alcohol beverages at social gatherings or celebrations etc., driving market growth in this region particularly when compared with other more established markets such as Europe and North America where consumers are generally older on average than those found in Asia Pacific countries making it easier for marketers/brands etc.
Growth Factors:
- Increasing demand for wine from the millennials and Gen-Z population
- Rising disposable income of the consumers in developing countries
- Proliferation of wine festivals and events that promote wine consumption
- Growing popularity of BYOB restaurants
- Increasing use of screw caps as a closure type
Scope Of The Report
Report Attributes
Report Details
Report Title
Wine Closures 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
153
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global Wine Closures Market Report Segments:
The global Wine Closures 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 Wine Closures 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 Wine Closures 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
- Identifying Appropriate Advertising Appeals
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?
Wine closures are a type of cork that is used to seal wine bottles. They come in a variety of shapes and sizes, and can be made from different types of materials.
Some of the major companies in the wine closures market are Amorim, MASilva, Cork Supply, Vinvention, Guala Closures Group, Labrenta, DIAM, Precision Elite, Waterloo Container Company, AMCOR.
The wine closures 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 Wine Closures 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 Wine Closures Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wine Closures 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 Wine Closures 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 Wine Closures Market Size & Forecast, 2020-2028
4.5.1 Wine Closures Market Size and Y-o-Y Growth
4.5.2 Wine Closures 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 Wine Closures 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 Wine Closures 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 Wine Closures Market: Competitive Dashboard
14.2 Global Wine Closures 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
