Product Code: ETC082124 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The cork stopper market in Thailand has witnessed steady growth, driven by the country`s wine and spirits industry and the demand for high-quality packaging solutions. Cork stoppers are widely used to seal wine bottles, providing an effective closure that allows controlled oxygen exchange, preserving the wine`s quality and aging potential. In Thailand, the rising popularity of wine consumption, along with an increasing preference for premium and imported wines, has contributed to the market`s expansion. Additionally, the eco-friendly and sustainable attributes of cork stoppers have gained traction among consumers and producers alike, further boosting their adoption in the Thailand market.
Several factors have driven the growth of the cork stopper market in Thailand. Firstly, the country`s evolving wine culture and the growing appreciation for wine consumption have led to an increased demand for premium wines with cork closures. Cork stoppers are associated with a traditional and premium image in the wine industry, influencing consumer perceptions and purchase decisions. Secondly, the sustainable and renewable nature of cork, as well as its biodegradability, aligns with the rising global awareness of environmental issues. Winemakers and consumers alike prefer cork stoppers for their eco-friendly attributes, driving the market`s growth.
While the cork stopper market in Thailand shows promising growth, it also faces certain challenges. One of the primary hurdles is the competition from alternative wine closures, such as screw caps and synthetic closures. These closures offer different benefits, including consistent sealing performance and cost-effectiveness. To maintain market share, cork stopper manufacturers need to highlight the advantages of cork closures, such as their natural properties that allow aging and the positive impact on wine quality over time. Additionally, fluctuations in cork prices, influenced by global supply and demand dynamics, can impact the costs of cork stoppers.
The Covid-19 pandemic had mixed impacts on the cork stopper market in Thailand. During the initial stages of the pandemic, disruptions in supply chains and reduced wine consumption in the hospitality sector temporarily affected the demand for cork stoppers. The economic uncertainties also led to cautious spending on non-essential products, including premium wines with cork closures. However, as the situation improved, the wine industry rebounded, and the demand for cork stoppers recovered. Moreover, the emphasis on sustainability and eco-friendly packaging gained momentum during the pandemic, further supporting the adoption of cork stoppers.
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 Thailand Cork Stopper Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Cork Stopper Market Revenues & Volume, 2021 & 2031F |
3.3 Thailand Cork Stopper Market - Industry Life Cycle |
3.4 Thailand Cork Stopper Market - Porter's Five Forces |
3.5 Thailand Cork Stopper Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Thailand Cork Stopper Market Revenues & Volume Share, By Container, 2021 & 2031F |
3.7 Thailand Cork Stopper Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Thailand Cork Stopper Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Thailand Cork Stopper Market Trends |
6 Thailand Cork Stopper Market, By Types |
6.1 Thailand Cork Stopper Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Thailand Cork Stopper Market Revenues & Volume, By Product Type, 2021-2031F |
6.1.3 Thailand Cork Stopper Market Revenues & Volume, By Natural cork stopper, 2021-2031F |
6.1.4 Thailand Cork Stopper Market Revenues & Volume, By Colmated cork stoppers, 2021-2031F |
6.1.5 Thailand Cork Stopper Market Revenues & Volume, By Champagne/Sparkling wine cork stoppers, 2021-2031F |
6.1.6 Thailand Cork Stopper Market Revenues & Volume, By Agglomerated cork stoppers, 2021-2031F |
6.1.7 Thailand Cork Stopper Market Revenues & Volume, By Technical cork stoppers, 2021-2031F |
6.1.8 Thailand Cork Stopper Market Revenues & Volume, By Bar top cork stoppers, 2021-2031F |
6.2 Thailand Cork Stopper Market, By Container |
6.2.1 Overview and Analysis |
6.2.2 Thailand Cork Stopper Market Revenues & Volume, By Wooden, 2021-2031F |
6.2.3 Thailand Cork Stopper Market Revenues & Volume, By Metal, 2021-2031F |
6.2.4 Thailand Cork Stopper Market Revenues & Volume, By Glass, 2021-2031F |
6.2.5 Thailand Cork Stopper Market Revenues & Volume, By Polyvinyl chloride (PVC), 2021-2031F |
6.2.6 Thailand Cork Stopper Market Revenues & Volume, By Porcelain, 2021-2031F |
6.2.7 Thailand Cork Stopper Market Revenues & Volume, By Other material container, 2021-2031F |
6.3 Thailand Cork Stopper Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Thailand Cork Stopper Market Revenues & Volume, By Wines, 2021-2031F |
6.3.3 Thailand Cork Stopper Market Revenues & Volume, By Premium spirits, 2021-2031F |
6.3.4 Thailand Cork Stopper Market Revenues & Volume, By Fragrances, 2021-2031F |
6.3.5 Thailand Cork Stopper Market Revenues & Volume, By Oils, 2021-2031F |
6.3.6 Thailand Cork Stopper Market Revenues & Volume, By Others, 2021-2031F |
7 Thailand Cork Stopper Market Import-Export Trade Statistics |
7.1 Thailand Cork Stopper Market Export to Major Countries |
7.2 Thailand Cork Stopper Market Imports from Major Countries |
8 Thailand Cork Stopper Market Key Performance Indicators |
9 Thailand Cork Stopper Market - Opportunity Assessment |
9.1 Thailand Cork Stopper Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Thailand Cork Stopper Market Opportunity Assessment, By Container, 2021 & 2031F |
9.3 Thailand Cork Stopper Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Thailand Cork Stopper Market - Competitive Landscape |
10.1 Thailand Cork Stopper Market Revenue Share, By Companies, 2024 |
10.2 Thailand Cork Stopper Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |