Industry Background:
Pet Kegs are used for storing of alcoholic and non-alcholic products in the draught designed containers. Pet Kegs market is expected to mark significant growth over forecasted period owing to increasing consumers spending on premium solution, providing cost-efficiency and technological advancement. The major companies are adding more proven technologies systematically and strategically in Asia-Pacific countries as these countries are focused on fastest-growing verticals in the beverages sector.According to AMA, the market for PET Keg is expected to register a CAGR of 12.54% during the forecast period to 2026. This growth is primarily driven by Rise in Consumption of Alcoholic and Non-Alcoholic Beverages among Consumers. and Rapid Demand of Cooking Oil at Emerging Countries..
Globally, a noticeable market trend is evident Collaboration and Tie Up Of Leading Players
. The Brewers sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Petainer (United Kingdom), Lightweight Containers BV (The Netherlands), Dispack Projects NV (Belgium), Rehrig Pacific Company (United States) and PolyKeg S.r.l. (Italy) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In November 2018, Petainer partnership with great leap brewing in China. This acquisition is beneficial in providing one-way PET keg to use a circular economy design focusing on recycling and reuse.
In March 2018, PetainerKeg launched a hybrid based designed craft beer which is beneficial in providing versatile and compatible draught products. It also offers cost effective and eco-friendly kegs barriers.
Market Drivers
- Rise in Consumption of Alcoholic and Non-Alcoholic Beverages among Consumers.
- Rapid Demand of Cooking Oil at Emerging Countries.
Market Trend
- Collaboration and Tie Up Of Leading Players
- Substitutes Available For Pet Kegs
Restraints
- Cleanliness and Maintenance of Kegs Hampers the Market.
- Poor Selection and Temperature Associated With in Pet Keg Market.
Opportunities
Proliferation end user applications to grow the Market. and Upsurge Demand of Pet Kegs for Recycle Process.
Challenges
Limitation Due to Damage or Improper Handling of Kegs are Anticipated to Challenge the Market. and Sophisticated Deposit Amount for Insurance Hampers the Global Market.
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, PET Keg Study Sheds Light on
The PET Keg Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the PET Keg industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where PET Keg industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.