The [FURL=https://www.industryarc.com/Report/19248/cork-stoppers-market.html?utm_source=BriefingWire&utm_medium=PressRelease&utm_campaign=PaidPressRelease]Cork Stoppers Market[/FURL] size was estimated at $1,980 million in 2020, projected to grow at a CAGR of 5.8% during the forecast period 2021-2026. Cork stoppers are highly efficient bottle closures that have been used since ancient times. The cork stoppers fulfill the requirements for a bottle sealant and usually used to plug wine, sparkling wine, premium spirit bottles as well as lab vials/flask, thereby avoiding any leakage. Unlike the case in crown cap the crock stoppers have mechanical properties that allow them to be placed and compressed against the neck thereby properly sealing the bottle to prevent the seepage of air inside however, the tiny pores allow minute amount of oxygen to interact with the liquid inside this transforms the aroma and flavor of the liquid over time. Moreover these corks are chemically and physically stable for a long time and can maintain their property at different condition these factor are predicted to drive the cork stoppers market during the forecast period 2021-2026.Key Takeaways
Geographically, Europe region held 93.2% of the total market share in 2020 since most the cork forest are located Portugal and Spain.
The mechanical properties that allows minute amount of air to interact with the liquid inside thereby transforming the aroma and flavor of the liquid over time is a major driving force for the cork stoppers market during the forecast period 2021-2026.
Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the cork stoppers market will be provided in the report.
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Cork Stoppers Market Drivers
Increasing Demand of Wines and Premium Spirits with Cork Stoppers
The wine cork is made from bark, which makes it a renewable resource and it can be formed in the shape of a wine bottle, making it an incredibly appealing way to seal wine. Consumers often prefer to buy wines and premium spirits with cork stoppers as the cork allows optimum control of oxygen transfer through the closure.
Covid-19 Impact
Due to the Covid-19 outbreak, the cork material end-use industries are facing issues such as delays in receiving cork material from the manufacturers due to the restriction on import and export of commodities. In addition, there are delays in receiving raw Material, which is further resulting in delayed shipments to the customer.
Cork stoppers market. Key companies of this market are Nomacorc, Cork Supply, Corticeira Amorim, MaSilva, Lafitte, Rich Xiberta, Portocork America, Advance Cork International., Stanimirov Cork Industry Ltd., CorkLink Group., CP Lab Safety., Barnacork S.L., Jelinek Cork Group., Bangor Cork., and Widgetco, INC.
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