The Europe Wine Cork Market would witness market growth of 4.4% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 2,194.0 hundred units, showcasing a growth of 4.3% (2019-2022).
The most common and traditional use of wine corks is closures for wine bottles. Cork closures help preserve wine’s quality, aroma, and flavor by creating a tight seal that prevents oxidation and contamination. Additionally, wine corks are popular materials for various crafts and do-it-yourself (DIY) projects. They can make place card holders, coasters, trivets, cork boards, ornaments, and wreaths. Creative individuals often repurpose corks into unique and functional pieces of art.
Furthermore, these can be used in the kitchen and around the house in various ways. They make excellent drawers and cabinet bumpers to prevent slamming and can be fashioned into drawer pulls or handles for cabinets and furniture. Additionally, these can be used as potholders, knife rests, and jar openers. Moreover, these are biodegradable and can be used in gardening applications. They make great mulch for potted plants and garden beds, helping to retain moisture and regulate soil temperature. A decorative touch can be added to plant markers using wine corks, as they come in a range of wine stains.
2021 was a record year for wine exports, and global exports reached 111.6 mhl and €34.3 billion in value. Globally, the biggest exporter by volume was Spain, with 23 mhl, while France was the top exporter by value, with €11.1 billion. The high consumption and increasing export of wine in Europe is a key driver of the expanding market. Cultural tradition, diverse wine regions, and environmental awareness contribute to the sustained demand for cork closures across Europe, making it a vital region for the market. Therefore, the region’s high consumption and growing exports propel the market’s growth.
The Germany market dominated the Europe Wine Cork Market, By Country in 2,022, and would continue to be a dominant market till 2,030; thereby, achieving a market value of $997.9 Million by 2,030. The UK market is exhibiting a CAGR of 3.4% during (2,023 - 2,030). Additionally, The France market would experience a CAGR of 5.2% during (2,023 - 2,030).
Free Valuable Insights: The Global Wine Cork Market will Hit USD 7.9 Billion by 2030, at a CAGR of 4.7%
Based on Distribution Channel, the market is segmented into Offline, and Online. Based on Type, the market is segmented into Natural, and Synthetic. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Distribution Channel (Volume, Hundred Units, USD Billion, 2019-2030)
By Type (Volume, Hundred Units, USD Billion, 2019-2030)
By Country (Volume, Hundred Units, USD Billion, 2019-2030)
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