Kegs Market Size Share Outlook Analysis 2022-2029

The Kegs Market is expected to grow at a CAGR of 4.85% during the forecast period 2022-2029. North America region has the highest market share in the Kegs Market, and it is further continuing its dominance during the forecast period.

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Our research report gives wide perceptions of the latest trends and development prospects of the market analysis, detailed segmentation analysis, volume, size, share, growth drives, and opportunities in the market. In-depth regional and country-level illustration of the competitive landscape depends on several phases and status of clinical trials over the prominent economies of the globe, and also report contains a number of major companies profiled in the relevant market.

Market Drivers:

Packaged beverages are benefiting from the expanding global population and rising disposable income in developing nations. For example, according to the Brewers Affiliation, the complete lager market was esteemed at USD 94.1 billion of every 2020, while the all out specialty lager market was assessed at USD 22.2 billion.

Additionally, the WHO reports that the average amount of alcohol consumed per person was 8.6 litres in 2010, rising to 8.8 litres in 2016. In addition, companies in the kegs market are developing cutting-edge ways to better serve food and beverages. For instance, Smartrac Technology Group introduced its MAXDURA KEG product line in December 2019. The RAIN RFID (UHF) and dual-frequency (UHF and NFC) tags included in the products offer superior methods for locating and tracking beverage kegs. In addition, Mitsubishi Chemical Corporation, Petainer, and KHS GmbH developed one-way PET beer kegs for the Japanese market in January 2018.

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Market Segmentation:

By Material Type:
• Steel
• Plastic
• Tin

By Capacity:
• Up to 20 Liters
• 20 Liters to 40 Liters
• 40 Liters to 60 Liters
• Above 60 Liters

By End-User:
• Alcoholic Beverages
• Non-Alcoholic Beverages
• Cooking Oil
• Chemicals
• Others

Geographical Classification:
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East
• Africa

Major Companies Listed:

Blefa Kegs, Inc., Smartrac Technology Group, AMERICAN KEG COMPANY, CoolSystem KEG, NDL Keg., SHINHAN INDUSTRIAL CO. LTD., Ningbo BestFriends Beverage Containers Co.Ltd., Schaefer Container Systems, Ardagh Group S.A., Julius Kleemann GmbH & Co.KG among others.

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We monitor and analyse the market by dissecting various market influencers, competitive intensity, innovations, trends, and emerging products. This aids us in providing a detailed scenario of the present and future of the market.

This release was published on openPR.