According to a new report published by Allied Market Research titled, “Wine Corks Market by Type and Distribution Channel: Opportunity Analysis and Industry Forecast, 2021–2027,” The wine corks market size was valued at $20.8 billion in 2019, and is projected to reach $27.6 billion by 2027, growing at a CAGR of 7.4 % from 2021 to 2027. Europe dominated the market in 2019, accounting for nearly 48.2% of the total market share. The wine corks market exhibits an incremental revenue opportunity of $6.6 billion from 2019 to 2027.
The wine corks market holds a substantial scope for the market growth. The market is currently in its maturity stage; however, its contribution to the global market is expected to increase significantly during the forecast period. Increase in demand for synthetic and new types of corks has enforced the market to produce innovative products made with various materials including polyethylene and rubber. Growth of the global population and rise in per capita income boost the market growth, thus increasing production of wines. Change in consumer behavior in the beverage and alcoholic drinks segment and preference of consumers for various new types of wines are expected to affect sales of wine corks in the coming years. Numerous players are entering the wine corks market with innovative corks. Emerging innovative cork types and corks produced by various other materials are expected to increase the market competition in the years to come.
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Growth in population in developing countries, such as China and India, has increased the demand for alcoholic beverages and especially wine. This increase in population, coupled with per capita income has increased the demand for wines, further boosting the production of wines and indirectly production of wine corks. In emerging countries, per capita income is more as compared to the developed countries and hence, adoption of various wine flavors such as sparkling and fortified wines is eventually higher.
The wine corks market is segmented on the basis of type, distribution channel, and region. By type, it is categorized into natural and synthetic. The natural segment was the highest contributor to the market, with $15,075.6 million in 2019, and is estimated to reach $18,796.9 million by 2027, at a CAGR of 6.6% during the forecast period. The synthetic segment is estimated to reach $8,829.2 million by 2027 at a CAGR of 9.4%. The fastest growth of natural segment is attributed by the increase in demand for natural corks from the manufacturers who are making wine to store for longer period of time.
On the basis of distribution channel, the market is divided into offline and online sales channels.. Region wise, the market is segmented into North America (U.S., Canada, and Mexico), Europe (France, Italy, Spain, Germany, Russia, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, and rest of Asia-Pacific), and LAMEA (Argentina, South Africa, Chile, and rest of LAMEA). Europe leads the global market, in terms of value, and is anticipated to continue to dominate its leading position throughout the forecast period. This is attributed to majority of wine is produced and consumed in the region.
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Key Findings Of The Study
- The natural corks products segment is expected to grow at a CAGR of 6.6% during the forecast period.
- Asia-Pacific is anticipated to dominate the wine corks market growth, registering a CAGR of 9.0%
- The offline segment is projected to contribute with highest market share during the forecast time period, with around 70% market share in 2027, and CAGR of 6.6%
- The online distribution segment is anticipated to grow at very fast rate in the global wine corks market, with a CAGR of 9.5% during the forecast period.
- The synthetic segment is estimated to grow at a CAGR of 9.4% during the forecast period.
The global market is fragmented with the presence of several market participants across various regions. The strong presence private label brands is giving tough competition to global players. The key players operating in Global Wine corks market include Precisionelite, Waterloo Container Company, J. C. Ribeiro, S. A., Amorim Cork, S.A, Ltd., We Cork Inc., Zandur, Jelinek Cork Group, Widgetco, Inc., M.A. Silva Usa, Llc, And Allstates Rubber & Tool Corp.
The adoption of teeth whitening products is likely to boost in the future according to the estimation of the American Academy of Cosmetic Dentistry, as one of their studies revealed that 99% of people believe that the most important social asset is their smile.Get Sample Copy :- https://www.alliedmarketresearch.com/request-sample/7176Companies coveredRunGiant, SZGXS, ZAGG, XUENAIR, Belkin, JUZHE, Elephant Electronic, CJY Tech, Kindwei, Ehang Electronic, L and I, Zupool, YDFH, Jcpal, Yoobao, Momax, Tech Armor, Enicetytech, BENKS, Body Guardz, Amplim, iCarez, and McdodoCOVID-19 Scenario Analysis: The COVID-19 outbreak has caused a decline in the growth of the global industries creating a mass disruption for buyers as well as sellers.
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According to the current analysis of Reports and Data, the global Food and Beverage Disinfection Market was valued at USD 149.1 Million in 2018 and is expected to reach USD 206.4 Million by the year 2026, at a CAGR of 4.1%.
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A surface is said to be chemically clean if it is free from microscopic residues of soil and disinfectant chemicals which is responsible for contaminating food products.Statistical data indicating product consumption across all these topographies have been cited in the report.
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The report analyses the gathered information relating to the profits accrued, sales, gross margins, price patterns, revenue and updates on the activities of the company.Get sample copy of the report @ https://www.reportsanddata.com/sample-enquiry-form/1918Key Players:The global F Disinfection industry is highly fragmented with major players like Evonik, Neogen Corporation, Solvay, Stepan Company, FINK TEC GmbH, Entaco, CCL Pentasol, and Xylem among others.Further key findings from the report suggest:In seafood Industry, ozonation is one of the popular technology used.
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Ready to Eat Meals research report includes specific segments by region (country), by company, by Type and by Application.
This study provides information about the sales and revenue during the historic and forecasted period of 2016 to 2027.
Understanding the segments helps in identifying the importance of different factors that aid the market growth.Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-readyeat-meals-2021-801Segment by TypeReady Meals & MixesNoodles & PastaNon-alcoholic BeveragesHerbs & SpicesSoupsOthersSegment by ApplicationRestaurantHome UseBy RegionNorth AmericaU.S.CanadaEuropeGermanyFranceU.K.ItalyRussiaAsia-PacificChinaJapanSouth KoreaIndiaAustraliaTaiwanIndonesiaThailandMalaysiaPhilippinesVietnamLatin AmericaMexicoBrazilArgentinaMiddle East & AfricaTurkeySaudi ArabiaU.A.EBy CompanyGeneral Mills (US)Bakkavor Group Ltd (U.K.)Nomad Foods Ltd (British Virgin Islands)McCain Foods (Canada)Premier FoodsGrouPLtd (U.K.)Orkla ASA (Norway)ConAgra Foods Inc. (US)ITC Limited (IndiaGet the Complete Report & TOC @ https://www.grandresearchstore.com/food-and-beverages/global-readyeat-meals-2021-801Table of content1 Ready to Eat Meals Market Overview1.1 Product Overview and Scope of Ready to Eat Meals1.2 Ready to Eat Meals Segment by Type1.2.1 Global Ready to Eat Meals Sales Growth Rate Comparison by Type (2021-2027)1.2.2 Ready Meals & Mixes1.2.3 Noodles & Pasta1.2.4 Non-alcoholic Beverages1.2.5 Herbs & Spices1.2.6 Soups1.2.7 Others1.3 Ready to Eat Meals Segment by Application1.3.1 Ready to Eat Meals Sales Comparison by Application: (2021-2027)1.3.2 Restaurant1.3.3 Home Use1.4 Global Ready to Eat Meals Market Size Estimates and Forecasts1.4.1 Global Ready to Eat Meals Revenue 2016-20271.4.2 Global Ready to Eat Meals Sales 2016-20271.4.3 Ready to Eat Meals Market Size by Region: 2016 Versus 2021 Versus 20272 Ready to Eat Meals Market Competition by Manufacturers2.1 Global Ready to Eat Meals Sales Market Share by Manufacturers (2016-2021)2.2 Global Ready to Eat Meals Revenue Market Share by Manufacturers (2016-2021)2.3 Global Ready to Eat Meals Average Price by Manufacturers (2016-2021)2.4 Manufacturers Ready to Eat Meals Manufacturing Sites, Area Served, Product Type2.5 Ready to Eat Meals Market Competitive Situation and Trends2.5.1 Ready to Eat Meals Market Concentration Rate2.5.2 The Global Top 5 and Top 10 Largest Ready to Eat Meals Players Market Share by Revenue2.5.3If You Have Any Question Related To This Report Contact Us @ https://www.grandresearchstore.com/enquire-now/global-readyeat-meals-2021-801CONTACT US:276 5th Avenue, New York, NY 10001, United StatesInternational: +1(646)-781-7170 / +91 8087042414Email: [email protected] Us On linkedin :- https://www.linkedin.com/company/grand-research-store
