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Kegs Market – Valuable Growth Prospects and Insights on Future Scenario (2018-2028)

Apr 23rd 2019 at 4:25 AM

A new report titled “Kegs Market – Valuable Growth Prospects and Insights on Future Scenario (2018-2028)” has been included in the enormous research repository of Market Research Reports Search Engine (MRRSE) that compiles various facets of the Kegs market at a global level portraying a holistic analysis of the marketplace along with intelligence on key participants. The report covers an unbiased analysis on various market aspects, emphasizing major trends giving direction to the market, key opportunities paving new growth avenues, key drivers pushing the market’s growth and challenges and restraints hindering the market for Kegs across the globe.

The global kegs market was valued at US$ 753.4 Mn in 2017 and is projected to expand at a CAGR of 4.2%, during the forecast period (2018-2028).

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Keg is the small barrel which is used for storing products such as beverages which includes alcoholic as well as non- alcoholic beverages, Cooking oil and Chemicals. Alcoholic beverages include alcohol types such as beer, wine, spirits and cider. The main reason for storing the alcoholic beverages in the kegs is that it maintains the original flavour and quality of the beer over a long period of time. Draught beer is usually served through the kegs so that the pressure of the beer is maintained. The global kegs market is expected to be largely organized in regions such as Europe and North America. The global kegs market is largely driven by the high demand for the alcoholic beverages primarily due to upsurge in the consumption of beverages including alcoholic and non-alcoholic across the globe. By end use, alcoholic beverages is anticipated to be the dominant segment of the global kegs market.

Global economic performance has stabilized over the last three quarters in the prominent countries. This is clearly reflected through the IIP and PMI of the manufacturing hub economies. Increasing number of individuals that are consuming alcoholic and non-alcoholic beverages across the globe due to the changing consumption patterns, lifestyle and overall improved living and expenditure standards have resulted in growing demand of storage formats such as Kegs across the globe. Furthermore, huge demand of cooking oil in in the emerging economies is rapidly being fulfilled with the help of kegs ultimately acting as a growth propagator in the global kegs market. Kegs manufacturers have witnessed increasing demand from countries such as India, China, Indonesia, and Brazil where alcohol consumption has been increased tremendously in the last two decades. This has led to an increase in the demand of the kegs from emerging nations creating long term sustainable demand for the kegs. As the raw material used for the process of manufacturing of kegs have steadily increased over the last couple of years, kegs manufacturers are facing the challenge of declining profitability margins coupled with low alternatives available in the market.

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Across the globe, kegs manufactures are increasingly facing the challenge of keg loss due to the non-return, damage or improper handling of kegs. In order to mitigate the aforementioned challenges manufacturers are charging a specific deposit amount as an insurance to provide the product on rent. However, the customers of the kegs realized that they can get double, triple or quadruple the cost of their deposit by selling the empty kegs to the local scrap dealers and they can earn more profit by selling the kegs. As per recent estimates on an average, keg loss costs brewer between $0.46 and $1.37 per barrel on annual keg production. The loss varies depending upon the size of the brewery.

Market Taxonomy

Key segments covered

By Material

Plastic

Tin

Stainless Steel

By Capacity

Up to 20 Litre

20 Litre to 40 Litre

40 Litre to 60 Litre

Above 60 Litre

By End Use

Alcoholic Beverages

Beer

Wine

Spirits

Cider

Non- Alcoholic Beverages

Soft Drinks

RTD Beverages

Juices

Others

Cooking Oil

Chemicals

Others

Key regions covered

North America

U.S.

Canada

Latin America

Brazil

Mexico

Argentina

Rest of Latin America

Western Europe

Germany

France

U.K.

Spain

Italy

Nordic

Benelux

Rest of Europe

Eastern Europe

Russia

Poland

Rest of Eastern Europe

Asia Pacific Excluding Japan

China

India

ASEAN

Australia & New Zealand

Rest of APEJ

Middle East & Africa

GCC Countries

North Africa

South Africa

Rest of MEA

Japan

Competitive Landscape

Some of the key kegs manufacturers which have been profiled in this report include American Keg Company, LLC,  NDL Keg Inc, Shinhan Industrial Co, Ltd, Ningbo BestFriends Beverage Containers Co. Ltd, Blefa GmbH, Schaefer Container Systems, Petainer UK Holdings Ltd, Ardagh Group S.A, Julius Kleemann GmbH & Co KG , The Metal Drum Company.

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