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TextCrown caps and screw tops offer alternatives; another modern solution is the use of synthetic corks made from plastics and other non-cork materials. This is an interesting development, and it's coming into increasing use for less expensive wines, in which it seems to be a perfectly adequate alternative. There are several commercial brands, some of which use a cork-colored product as protective camouflage, while others use bright, bold colors in a sort of reverse-snobbery approach.
It's going to take a lot of experimentation before the wine industry can be certain that synthetics, crown caps and screw tops have the durability to protect wine during long-term storage; and it's going to take a lot of marketing before wine lovers give up our attachment to the traditional cork. But I wouldn't bet that the old-fashioned cork won't eventually go the way of the LP phonograph record.