Market Forecast by Countries (China, India, Japan, Australia, Indonesia, Philippines, Thailand, Malaysia, Rest of Asia), By Product Type (Natural cork stopper, Colmated cork stoppers, Champagne/Sparkling wine cork stoppers, Agglomerated cork stoppers, Technical cork stoppers, Bar top cork stoppers, Multi-Piece cork stoppers), By Container (Wooden, Metal, Glass, Polyvinyl chloride (PVC), Porcelain, Other material container), By Application (Wines, Premium spirits, Fragrances, Oils, Others) And Competitive Landscape
Product Code: ETC076380 | Publication Date: Aug 2021 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Asia Pacific Cork Stopper Market is expected to exhibit significant growth in the future, owing to rise in demand for different types of wines. In addition, the region has witnessed a considerable surge in the number of millennials, who are forefront consumers of new food & beverages products. Therefore, rise in millennial population is anticipated to offer remunerative opportunities for the growth of the Cork Stopper Market hence acting as a major growth driver in this region during the forecast period. However, it is practically concluded that the cork of the bottle has been infected with a bacterium called Trichloro anisole which essentially robs the wine of its aromas and make it taste flat creating a major setback to the Cork Stopper Market. Moreover, countries like China, Japan and South Korea are known for their traditional drinks which creates a competition for the corked bottles and factors like smell and high-cost act as restraints to the industry. A large number of wines and spirits manufacturers are facing a decline in sales and revenue in the market, due to the worldwide lockdown imposed because of the COVID-19 outbreak. Less demand from the market due to the closure of store's lack of resources has decreased the production of wines and other beverages in the market.
According to 6Wresearch, Asia Pacific Cork Stopper Market will be the most lucrative market during 2021-2027. Asia Pacific is the second largest market for wine cork consumption in volume terms, driven primarily by China, Japan and South Korea. Growing demand for wine corks in Asia Pacific is attributable to increasing urban affluence and the prevalence of wine in business culture. Jangsu Makkeoli is the leading brand in Asia Pacific for cork stoppers. Some key players that currently operate in the region are Advance Cork International., Stanimirov Cork Industry Ltd., CorkLink Group., CP Lab Safety., Barnacork S.L., Jelinek Cork Group., Bangor Cork., Widgetco, INC., and many more.
The market is mostly driven by the millennial population. Also, the leading companies are trying to add new trends to keep the millennials amused with the traditional taste of wine. Based on distribution channels, the market has been categorized into Convenience stores, Supermarkets, Online retail stores, among others.
Asia Pacific Cork Stopper Market report thoroughly covers the market by product type, distribution channels, and countries including China, Japan and South Korea and the Rest of the countries. Asia Pacific Cork Stopper Market outlook report provides an unbiased and detailed analysis of the on-going Asia Pacific Cork Stopper Market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Markets Covered
The Market report covers the following market segments
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Asia Pacific Cork Stopper Market Overview |
3.1 Asia Pacific Regional Macro Economic Indicators |
3.2 Asia Pacific Cork Stopper Market Revenues & Volume, 2020 & 2027F |
3.3 Asia Pacific Cork Stopper Market - Industry Life Cycle |
3.4 Asia Pacific Cork Stopper Market - Porter's Five Forces |
3.5 Asia Pacific Cork Stopper Market Revenues & Volume Share, By Countries, 2020 & 2027F |
3.6 Asia Pacific Cork Stopper Market Revenues & Volume Share, By Product Type, 2020 & 2027F |
3.7 Asia Pacific Cork Stopper Market Revenues & Volume Share, By Container, 2020 & 2027F |
3.8 Asia Pacific Cork Stopper Market Revenues & Volume Share, By Application, 2020 & 2027F |
4 Asia Pacific Cork Stopper Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Asia Pacific Cork Stopper Market Trends |
6 Asia Pacific Cork Stopper Market, 2017 - 2027 |
6.1 Asia Pacific Cork Stopper Market, Revenues & Volume, By Product Type, 2017 - 2027 |
6.2 Asia Pacific Cork Stopper Market, Revenues & Volume, By Container, 2017 - 2027 |
6.3 Asia Pacific Cork Stopper Market, Revenues & Volume, By Application, 2017 - 2027 |
7 China Cork Stopper Market, 2017 - 2027 |
7.1 China Cork Stopper Market, Revenues & Volume, By Product Type, 2017 - 2027 |
7.2 China Cork Stopper Market, Revenues & Volume, By Container, 2017 - 2027 |
7.3 China Cork Stopper Market, Revenues & Volume, By Application, 2017 - 2027 |
8 India Cork Stopper Market, 2017 - 2027 |
8.1 India Cork Stopper Market, Revenues & Volume, By Product Type, 2017 - 2027 |
8.2 India Cork Stopper Market, Revenues & Volume, By Container, 2017 - 2027 |
8.3 India Cork Stopper Market, Revenues & Volume, By Application, 2017 - 2027 |
9 Japan Cork Stopper Market, 2017 - 2027 |
9.1 Japan Cork Stopper Market, Revenues & Volume, By Product Type, 2017 - 2027 |
9.2 Japan Cork Stopper Market, Revenues & Volume, By Container, 2017 - 2027 |
9.3 Japan Cork Stopper Market, Revenues & Volume, By Application, 2017 - 2027 |
10 Australia Cork Stopper Market, 2017 - 2027 |
10.1 Australia Cork Stopper Market, Revenues & Volume, By Product Type, 2017 - 2027 |
10.2 Australia Cork Stopper Market, Revenues & Volume, By Container, 2017 - 2027 |
10.3 Australia Cork Stopper Market, Revenues & Volume, By Application, 2017 - 2027 |
11 Indonesia Cork Stopper Market, 2017 - 2027 |
11.1 Indonesia Cork Stopper Market, Revenues & Volume, By Product Type, 2017 - 2027 |
11.2 Indonesia Cork Stopper Market, Revenues & Volume, By Container, 2017 - 2027 |
11.3 Indonesia Cork Stopper Market, Revenues & Volume, By Application, 2017 - 2027 |
12 Philippines Cork Stopper Market, 2017 - 2027 |
12.1 Philippines Cork Stopper Market, Revenues & Volume, By Product Type, 2017 - 2027 |
12.2 Philippines Cork Stopper Market, Revenues & Volume, By Container, 2017 - 2027 |
12.3 Philippines Cork Stopper Market, Revenues & Volume, By Application, 2017 - 2027 |
13 Malaysia Cork Stopper Market, 2017 - 2027 |
13.1 Malaysia Cork Stopper Market, Revenues & Volume, By Product Type, 2017 - 2027 |
13.2 Malaysia Cork Stopper Market, Revenues & Volume, By Container, 2017 - 2027 |
13.3 Malaysia Cork Stopper Market, Revenues & Volume, By Application, 2017 - 2027 |
14 Rest of Asia Cork Stopper Market, 2017 - 2027 |
14.1 Rest of Asia Cork Stopper Market, Revenues & Volume, By Product Type, 2017 - 2027 |
14.2 Rest of Asia Cork Stopper Market, Revenues & Volume, By Container, 2017 - 2027 |
14.3 Rest of Asia Cork Stopper Market, Revenues & Volume, By Application, 2017 - 2027 |
11 Asia Pacific Cork Stopper Market Key Performance Indicators |
12 Asia Pacific Cork Stopper Market - Opportunity Assessment |
12.1 Asia Pacific Cork Stopper Market Opportunity Assessment, By Countries, 2020 & 2027F |
12.2 Asia Pacific Cork Stopper Market Opportunity Assessment, By Product Type, 2020 & 2027F |
12.3 Asia Pacific Cork Stopper Market Opportunity Assessment, By Container, 2020 & 2027F |
12.4 Asia Pacific Cork Stopper Market Opportunity Assessment, By Application, 2020 & 2027F |
13 Asia Pacific Cork Stopper Market - Competitive Landscape |
13.1 Asia Pacific Cork Stopper Market Revenue Share, By Companies, 2020 |
13.2 Asia Pacific Cork Stopper Market Competitive Benchmarking, By Operating and Technical Parameters |
14 Company Profiles |
15 Recommendations |
16 Disclaimer |