Kegs Market Analysis: Size, Trends, Growth, and Forecast till 2027 | Credence Research



The latest market report published by Credence Research, Inc. Globally, the kegs market is expected to grow with a CAGR of 5.0% during the forecast period from 2019 to 2027, starting from US$ 780.0 Mn in 2018.

The beverage industry has seen a myriad of innovations and transformations over the years, but one component that has remained indispensable is the keg. The keg, a cylindrical container typically made of stainless steel, has been used for storing, transporting, and serving beer and other carbonated beverages for centuries. The modern kegs market, however, is more diverse, sophisticated, and technologically advanced than ever before.

History and Evolution

The origins of the keg trace back to wooden barrels used by ancient civilizations. Over time, as the process of brewing beer and the understanding of fermentation improved, there arose a need for containers that could maintain the quality and freshness of the beverage. This led to the evolution from wooden barrels to the more durable and practical stainless steel kegs we are familiar with today.

The 20th century witnessed significant developments in the kegs market. Producers began understanding the value of pressurized systems, allowing beer to be preserved and dispensed with consistent quality. This was the dawn of the draft beer era, a crucial shift from bottled beer, ensuring fresher beverages for consumers.

Browse the Full Report: https://www.credenceresearch.com/report/kegs-market

Market Dynamics

Several factors are driving the growth and shifts in the kegs market:

  1. Craft Beer Movement: With the rise of microbreweries and craft beer's global popularity, there's an increased demand for kegs. These breweries often prefer kegs for their practicality and quality preservation.

  2. Eco-consciousness: Reusable kegs present a sustainable option, reducing waste as opposed to bottles and cans.

  3. Innovations: The aforementioned Smart Kegs are just the tip of the iceberg. Innovations in tapping systems, keg designs, and even hybrid materials promise a future where kegs are more efficient and user-friendly.

Challenges

However, the kegs market isn't without challenges. Keg logistics can be complicated. Managing the return, cleaning, and refilling of kegs requires a streamlined system, and loss of kegs can be a costly affair. Furthermore, the initial investment in kegs is substantial, especially for small breweries.

Future Trends

The future of the kegs market is undoubtedly exciting. We foresee:

  1. Greater Customization: With advancements in manufacturing, breweries can have kegs tailored to their branding and functional needs.

  2. IoT Integration: As technology becomes more accessible, more kegs will feature tracking and monitoring capabilities, improving the supply chain and quality assurance.

  3. Global Expansion: As craft beer gains popularity in emerging markets, the demand for kegs will increase globally.

  4. Sustainability: Biodegradable and eco-friendly keg designs may become prevalent, catering to the increasing global demand for sustainable solutions.

Conclusion

The kegs market, steeped in tradition, has managed to adapt and evolve in tandem with technological advancements and shifting consumer preferences. As we raise a glass to the past, it's evident that the future holds immense promise and potential for this indispensable component of the beverage industry. Whether you're a brewer, distributor, or simply a beer lover, the keg's journey is one to watch and savor. Cheers to the future!

List of Companies Covered:

The key vendors in the kegs market are Ningbo BestFriends Beverage Containers Co. Ltd., Ardagh Group S.A., American Keg Company LLC, Blefa GmbH, The Metal Drum Company, NDL Keg Inc., Julius Kleemann GmbH & Co. KG, Schaefer Container Systems, Petainer UK Holdings Ltd., and Shinhan Industrial Co. Ltd.

Browse the Full Report: https://www.credenceresearch.com/report/kegs-market

By Segmentation Type

By Capacity Type

  • Upto 20 L
  • 20 L to 40 L
  • 40 L to 60 L
  • Above 60 L

By Material Type

  • Plastic
  • Tin
  • Stainless Steel

By End Use Type

  • Alcoholic Beverages

    • Beer

    • Wine

    • Spirits

    • Cider

  • Non-Alcoholic Beverages

    • Soft-Drinks

    • RTD Beverages

    • Juices

    • Others

  • Cooking Oil

  • Chemicals

  • Others

By Geography Type

  • North America (U.S. and Rest of North America)
  • Europe (U.K., Germany, France, and Rest of Europe)
  • Asia Pacific (Japan, China, India, and Rest of Asia Pacific)
  • Rest of World (Middle East & Africa (MEA), Latin America)

 

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