About Kegs
The global Kegs market is expected to grow in the forecasted period due to growing demand for alcoholic beverages across the world. The keg is the small barrel that is used for storing various beverages. Kegs help in maintaining the authentic quality and flavor of alcoholic beverages over long durations. Sustainability is a crucial factor that companies have been focusing on in the overall packaging industry, resulting in the growing usage of recyclable and environment-friendly materials. The growing demand for RTD beverages also helps to boost the global Kegs market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Leading key players are focusing on strategic partnerships to improve their products and services. Companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Kegs market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
American Keg Company, LLC (United States), NDL Keg Inc (United States), Shinhan Industrial Co, Ltd (Korea), Ningbo BestFriends Beverage Containers Co. Ltd (China), Blefa GmbH (Germany), Schaefer Container Systems (United States), Petainer UK Holdings Ltd (England), Ardagh Group S.A (Ireland), Julius Kleemann GmbH & Co KG (Germany) and The Metal Drum Company (England) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Kegster (United Kingdom), Schafer Container Systems (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Kegs market by , Application (Alcoholic Beverages [Beer, Wine, Spirits, Cider], Non- Alcoholic Beverages [Soft Drinks, RTD Beverages, Juices, Others], Cooking Oil, Chemicals and Others) and Region.
On the basis of Type, Alcoholic Beverages are dominating the market in the year 2023On the basis of geography, the market of Kegs has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Capacity, the sub-segment i.e. Up to 20 Litre will boost the Kegs market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material Type, the sub-segment i.e. Plastic will boost the Kegs market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Living and Expenditure Standards and Increasing Demand for Cooking Oil from Developing Countries
Market Growth Drivers:
Increasing Consumption of Beer Among Young Consumers and High Demand due to Changing Consumption Patterns and Lifestyle
Challenges:
Declining Profitability Margins coupled due to Availability of Alternatives
Restraints:
Rising Concern Regarding Damage or Improper Handling of Kegs
Opportunities:
Growing Popularity Of Alcoholic Beverages across the World and The Huge Demand for various Protine Beverages
Market Leaders and their expansionary development strategies
In February 2021, MicroStar Logistics announced that it has acquired Kegstar, an international provider of cost-effective outsourced keg solutions with operations across Australia, the UK, Europe and the USA. This combination creates a global growth platform and expanded capabilities to service brewers of all sizes from regional craft customers to large, global brewers.
In December 2023, SIVA introduces CylTag, a cost-effective UHF RFID tag for tracking returnable metallic cylinders like beer kegs, gas cylinders, and chemical drums. The universal-sized tag offers quick attachment with a high-performance foam adhesive, addressing the industry's need for an efficient, mass-deployable solution without the expense of welding.
Key Target Audience
Kegs Manufactures, Kegs Distributors, Kegs Suppliers, Government & Industry Associations, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.