Report Code: A12404 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Kegs Market
Request Now !A keg is a compact barrel that is used to store things such as beverages (both alcoholic and non-alcoholic), cooking oil, and chemicals. Beer, wine, spirits, and cider are all examples of alcoholic beverages. The biggest benefit of storing alcoholic beverages in kegs is that the original flavor and quality of the beer is preserved for a long time. Draught beer is typically served from kegs in order to maintain the drink's pressure. A growth in preference for flavored alcoholic beverages is expected to benefit the industry. An expanding consumer lifestyle, as well as higher per capita income, has fueled the increase in demand for premium products such as craft and draught varieties. Companies have been emphasizing on sustainability as a critical aspect in the whole packaging business, resulting in an increase in the use of recyclable and environmentally friendly materials. Steel kegs, as a result, are chosen above other product options.
COVID-19 Impact analysis
Top Impacting Factors
Market Trends
Kegs have Become More Popular as a Promising, Long-term Packaging Solution
Kegs are expected to have a bright future in the beverage sector as a packaging solution. Plastic kegs are recyclable and save money on return shipping. On the other side, the popularity of kegs has encouraged manufacturers to offer kegs on a lease basis, which has increased keg re-use and, as a result, adoption. Single-use kegs are cost-effective and efficient alternative to standard steel kegs, and they are expected to gain widespread usage in the near future. Furthermore, rise in consumer interest in craft ales is driving the growth of the microbrew market, which in turn has boosted the worldwide keg business. Legislative restrictions favoring lower package weight limits also is expected to encourage the use of kegs.
Eco-kegs are Likely to Level the Playing Field in Pricing
A thorough examination of the global kegs market reveals a highly consolidated market dominated by a few kegs providers. Companies are currently competing by offering an innovative product portfolio for various end-use sectors. Consumers are left with little options as a result of market consolidation, and are forced to purchase kegs at disproportionately high prices. Eco-kegs, on the other hand, may emerge in the coming years, reducing the overall supply of traditional kegs. The worldwide kegs market is expected to be driven by the introduction of new technology for improved keg palatability. In addition, rubber steel kegs have been introduced to the market for more ergonomic alcohol beverage handling.
Key Benefits of the Report
Questions answered in the Kegs Market Research Report
Kegs Market Report Highlights
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Key Market Players | Ningbo BestFriends Beverage Containers Co. Ltd., Ardagh Group S.A., American Keg Company, LLC, Shinhan Industrial Co, Ltd, The Metal Drum Company, Julius Kleemann GmbH & Co KG, NDL Keg Inc, Blefa GmbH, Schaefer Container Systems, Petainer UK Holdings Ltd |
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