| Product Code: ETC419721 | Publication Date: Oct 2022 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Thailand import of wine corks experienced significant growth from 2023 to 2024, with a growth rate of 111.81%. The compound annual growth rate (CAGR) for the period 2020-2024 stood at 44.86%. This surge in imports could be attributed to a notable shift in consumer preferences towards wine consumption, indicating a growing market demand for wine-related products in Thailand during this period.
The Thailand wine corks market is closely tied to the country`s growing wine consumption and production. As the wine culture expands, so does the demand for quality wine packaging materials, including corks. The market offers various types of corks, including natural and synthetic options. Natural cork remains popular due to its traditional appeal and sustainable qualities. However, synthetic corks are gaining ground due to their consistency and lower risk of cork taint. This market`s growth is closely linked to the dynamics of the wine industry in Thailand.
The wine corks market in Thailand is growing due to several key drivers. Firstly, the increasing popularity of wine consumption in the country is boosting the demand for wine corks. Wine producers in Thailand and the importation of wines from other regions are driving this trend. Consumers are becoming more discerning about wine quality, which includes the cork used for sealing bottles. Moreover, sustainable and eco-friendly cork options are gaining traction in the market, aligning with consumer preferences for environmentally responsible products. The market`s growth is also linked to the expanding wine industry and wine culture in Thailand.
The Thailand wine corks market encounters challenges related to the shift towards alternative wine closures such as screw caps and synthetic corks. Sustainability concerns are also prominent, as the demand for natural cork can impact cork oak forests. Quality control and consistency in cork production are critical for wine preservation and consumer satisfaction. Adapting to changing preferences and environmental responsibilities is essential for the long-term viability of this market.
The wine corks market in Thailand experienced a decline in demand during the pandemic, as the foodservice and hospitality sectors struggled with closures and restrictions. With fewer dine-in customers, the consumption of wine decreased. However, wine consumption at home increased, leading to a shift in packaging preferences towards screw caps and synthetic corks. The market adapted by offering more sustainable and hygienic cork options.
In the Thailand wine corks market, a few specialized manufacturers are dedicated to producing high-quality closures for the beverage industry. Notable players include "CorkCrafters Thailand," "Siam Cork Stoppers," and "ThaiWineSeals Ltd." These companies are renowned for their expertise in manufacturing wine corks and other cork-based closures that maintain the integrity of wine and other bottled beverages.
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 Wine Corks Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Wine Corks Market Revenues & Volume, 2021 & 2031F |
3.3 Thailand Wine Corks Market - Industry Life Cycle |
3.4 Thailand Wine Corks Market - Porter's Five Forces |
3.5 Thailand Wine Corks Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Thailand Wine Corks Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Thailand Wine Corks Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing wine consumption in Thailand |
4.2.2 Growing trend of wine culture and appreciation in the region |
4.2.3 Rise in the number of wine producers and vineyards in Thailand |
4.3 Market Restraints |
4.3.1 Limited awareness and preference for natural cork closures |
4.3.2 Competition from alternative closure solutions like screw caps and synthetic corks |
4.3.3 Fluctuations in raw material prices for cork production |
5 Thailand Wine Corks Market Trends |
6 Thailand Wine Corks Market, By Types |
6.1 Thailand Wine Corks Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Thailand Wine Corks Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Thailand Wine Corks Market Revenues & Volume, By Natural, 2021-2031F |
6.1.4 Thailand Wine Corks Market Revenues & Volume, By Synthetic, 2021-2031F |
6.2 Thailand Wine Corks Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Thailand Wine Corks Market Revenues & Volume, By Offline, 2021-2031F |
6.2.3 Thailand Wine Corks Market Revenues & Volume, By Online, 2021-2031F |
7 Thailand Wine Corks Market Import-Export Trade Statistics |
7.1 Thailand Wine Corks Market Export to Major Countries |
7.2 Thailand Wine Corks Market Imports from Major Countries |
8 Thailand Wine Corks Market Key Performance Indicators |
8.1 Percentage of wine consumption growth in Thailand |
8.2 Number of wine-related events and festivals in the region |
8.3 Adoption rate of natural cork closures by local wineries |
9 Thailand Wine Corks Market - Opportunity Assessment |
9.1 Thailand Wine Corks Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Thailand Wine Corks Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Thailand Wine Corks Market - Competitive Landscape |
10.1 Thailand Wine Corks Market Revenue Share, By Companies, 2024 |
10.2 Thailand Wine Corks Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |