Kegs Market Strengthened as Urge for Cooking oil and Alcohol Consumption Soar

Surging number of alcoholic and non-alcoholic consumers along with sophisticated life style has bolstered the growth of the kegs. Besides, rise in the demand of cooking oil across countries has buttressed the kegs market. Soaring demand for alcohol consumption in a few BRICS countries, namely Brazil, India and China has strengthened the market. These insights are according to the report titled, “kegs Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028,” which has been lately added to the repository of Market Research Hub (MRH). According to the report, kegs market is estimated to be fortressed by alcoholic beverages.

Having said that, obstacles linger for kegs manufacturers owing to the poor handling or damage and non-returned of kegs. In a bid to counter the impediment, manufacturers are levying a specific charge as an insurance to furnish product on rent. Consumers seem to get better off manufacturers as they sold empty kegs to scrap dealers. As per the projection, manufacturers suffered loss ranging from $0.46 and $1.37 per barrel per annual keg production.

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Kegs Market: Report Synopsis

The report provides a thorough analysis on the kegs market. Further, the report delves into the drivers proliferating the growth of the kegs market along with restraints challenging the market. Besides, the report analyzes opportunities and trends in the market.

The segregation of the market provides a comprehensive view on the kegs market. The market has been segmented on the basis of capacity, material and end-use. On the basis of capacity, the market covers kegs as up to 20 liter, 20 liter to 40 liter, 40 liter to 60 liter and above 60 liter. With regards to material, the market embodies plastic keg, tin keg and stainless steel kegs. On the basis of end-use, the market has been segmented into alcoholic beverages, non-alcoholic beverages, cooking oil, chemicals and others. Meanwhile, Porters analysis section provides a coherent view on the challenges from new entrants and substitutes and bargaining power of suppliers and buyers.

The final section incorporates competitive landscape with the dashboard view assessing the product portfolio, and industrial scenario. The final section provides a comparative assessment of prominent companies in the market. The manufacturers profiled in the report are NDL Keg Inc., American Keg Company, Shinhan Industrial Co. Ltd and Petainer U.K., to name a few.

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Kegs Market: Research Methodology

An exhaustive research methodology has been embraced with regards to providing a research approach incorporating of secondary and primary research. The insights in the report is the result of an in-depth secondary research, primary interviews and in-house reviews by panel of experts. One of the unique features of this report is that analysis has been done on the basis of absolute dollar opportunity which is often shunned while projecting the market. Market size has been ascertained by taking revenue generated from prominent kegs manufacturers and their production capacity into consideration.

The secondary research embodies company websites, SEC filings and presentations by investors, industry white paper and statistical database. The primary research embodies face to face interviews, phonic interviews and e-mail interaction. To furnish the readers with an unbiased report, a panel of expert analyzes the data collected from various sources.

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This release was published on openPR.