Beer Kegs Market valued USD 48.41 billion in 2020. The revenue forecast of the market is expected USD 62.60 billion in 2025 with a CAGR rate of 4.6% from 2019 to 2025.
The Global Beer Kegs Market
A keg is a small barrel, often constructed of stainless steel. Kegs are used to store, transport, and serve beer. A beer keg is often constructed of Aluminium. There is always an opening at the top of the spear that allows gas (usually Carbon Dioxide) to drive the beer out of the keg.
The Global Beer Kegs Market is driven by increasing consumption of beer among the youth. An analysis conducted by the American Institute of Public Opinion about alcohol consumption habits of Americans, showed that close to 7% of men between the age of 18 to 25 preferred beer over other alcoholic beverages. The rising inclination for flavoured alcoholic beverage is a trend that can benefit the market. Along with this, the growing demand for premium products such as craft and draught variants also fuelled an evolving consumer lifestyle and increased per capita income.
Draught beer is mostly served through kegs to maintain its pressure, and thus, the product witness greater demand from on- trade sales. Steel kegs are preferred over other product variants. Sustainability is a crucial factor that companies have been focusing on in the overall packaging industry, which resulted in the growing usage of recyclable and environment-friendly materials.
Market segment by Type, covers
- Plastic Kegs
- Metal Kegs
Market segment by Application can be divided into
- Alcoholic Products
- Non-Alcoholic Products
The key market players for global Beer Kegs market are listed below:
- Blefa (Artemis Group)
- Zhejiang Ningbo Major Draft Beer Equipment
- SCHAFER Container Systems
- Lightweight Containers BV
- Dolium (Dispack Projects NV)
- Ningbo BestFriends Beverage Containers
- Shinhan Industrial.
- PolyKeg S.r.l.
Market segment by Region, regional analysis covers
- North America (United States, Canada and Mexico)
- Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
- Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
- South America (Brazil, Argentina, Colombia, and Rest of South America)
- Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
Read More About Beer Kegs Market Report @ https://crediblemarkets.com/sample-request/beer-kegs-market-153824
Raw Material Insights
Steel is the main raw material used in the construction of kegs. It has held the dominant share of around 84.7% in the beer kegs owing to its large scale production in the industry and also its high durability as well as favourable recycling properties. Steel kegs are also used for transportation and storage. It helps in blocking gases and UV rays, which helps in preserving the quality and flavour of beer.
Another one is Plastic kegs. These are expected to register the highest CAGR of 4.6% from 2019 to 2025. High cost associated with manufacturing and recycling metal kegs has forced manufacturers to invest in PET plastic kegs. These are supplied as ready-to-fill or preforms that can be blown into a PET container whenever required at the site. Moreover, plastic kegs are easy to recycle as well as minimizes the transportation cost due to lower weight as compared to metal kegs.
In 2018, Europe dominated the global market, accounting for a 29.9% share. An increase in the consumption of beer and cider is the main driving factor in this region. Growing preference for craft and localized beer produced by micro-breweries has increased the demand for kegs. These micro-breweries produce craft beers such as Zaganu, Hophead, Ground Zero, Klausen Burger, and Hop Hooligans, which are quite renowned in Europe and focus on quality and flavour. The market in Eastern Europe and Russia is usually working by the significance of draft beer. Also, the limited distribution of beer kegs in this region by exclusive partners’ hints at a profitable opportunity for distributors.
The Global Beer Kegs Market valued USD 48.41 billion in 2020. The revenue forecast of the market is expected USD 62.60 billion in 2025 with a CAGR rate of 4.6% from 2019 to 2025.
Key Companies Insights
The Global Beers Keg Market is highly competitive. Some of the key companies included are:
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; and The Metal Drum Company.
Market Segmentation: Analysis
The Global Beer Kegs Market is segmented on the basis of Raw Material; Region.
On the basis of Raw Material
On the basis of Region
- North America
- Asia Pacific
- Central and South America
- Middle East and Africa
Credible Markets has emerged as a dependable source for the market research needs of businesses within a quick time span. We have collaborated with leading publishers of market intelligence and the coverage of our reports reserve spans all the key industry verticals and thousands of micro markets. The massive repository allows our clients to pick from recently published reports from a range of publishers that also provide extensive regional and country-wise analysis. Moreover, pre-booked research reports are among our top offerings.
99 Wall Street #2124 New York, NY 10005