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Wine Cork Market Segment Analysis – By Geography
Based on geography, Europe dominated the Wine Corks Market with a region share of 52.2% in 2020 attributed mainly since majority of wine is consumed and produced in the region. Also, most of the cork forest are located Portugal and Spain thereby propelling the growth in this region. According to the world’s top export document Portugal and Spain accounted for whopping 79.8%. However, Asia Pacific is set to be the fastest growing region during the forecast period 2021-2026 owing to the high population and increasing demand for wine. Countries like China and Australia which are already established aged wine market are predicted to be the prospective markets for Wine Corks.