Kegs Market is Estimated to Reach USD 1.34 Billion by 2030: Cognitive Market Research

Market Overviews:
A keg is a metal or wooden container for liquids, especially beer. A keg typically holds less than thirty gallons of liquids. When a large quantity of carbonated liquid is needed in bars or restaurants, a keg works well because it keeps its contents under pressure. The benefit of storing alcoholic beverages in kegs is that the original flavor and quality of the beer are preserved for a long period. Draught beer is commonly served from kegs to maintain the drink's pressure. A growth in preference for flavored alcoholic beverages is expected to benefit the industry

Summary:
According to Cognitive Market Research, the global kegs market is estimated to reach a value of USD 1.34 Billion by 2030 with a CAGR of 4.2% during the forecast period of 2023-2030. Geographically, Europe is dominating the keg market, owing to the increasing demand for beverages in this region, and the strong presence of major beverage manufacturers.

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Market Dynamics
Increasing production of long-term packaging materials, growing applications of kegs in the chemical sector and food & beverages sector, and increasing consumption of beverages are the key driving factors for the growth of the keg market. Kegs are being used for storing alcoholic beverages, non-alcoholic beverages, cooking oil, and chemicals, which are fuelling the growth of the keg market. Further, the consumption of carbonated beverages is gradually increasing among people due to changing lifestyles, which is also contributing to the growth of the market.

Increasing investments in research and development in food & beverage packaging can create opportunities for the market in the forecast period. However, the presence of alternative products can hamper the growth of the market.

Segmentation Analysis:
By Material
• Plastic
• Tin
• Stainless steel
Based on material type the market is segmented into plastic, tin, and stainless steel. Tin kegs are dominating the market due to their durability. In addition, the tin kegs have less risk of leakage.

By Capacity
• Up To 20 Litre
• 20 Litre To 40 Litre
• 40 Litre To 60 Litre
• Above 60 Litre

By End User
• Alcoholic Beverages
• Non-Alcoholic Beverages
• Cooking Oil
• Chemicals
Based on end users, the market is segmented into alcoholic beverages, non-alcoholic beverages, cooking oil, and chemicals. The alcoholic beverage segment is dominating the market. Alcoholic beverages contain CO2, and they require to be packed under pressure to maintain the desired level of CO2 in the product. To fulfil this requirement kegs are used for alcoholic beverages.

By Distribution Channel
• Supermarket/Hypermarket
• Commercial Liquor Store

The Major Players in Kegs Market Are:
Blefa (Artemis Group), THIELMANN, Zhejiang Ningbo Major Draft Beer Equipment, SCHAFER Container Systems, Lightweight Containers BV, Petainer, Dolium (Dispack Projects NV), Ningbo BestFriends Food & Beverages Containers, Shinhan Industrial, PolyKeg S.r.l.

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Regional Analysis:
Europe is dominating the keg market, owing to the increasing demand for beverages in this region, and the strong presence of both alcoholic and non-alcoholic beverage manufacturers such as Anheuser-Busch InBev NV, Carlsberg, Diageo Plc, and others. The growth of the beverage market is leading to the growth of the kegs market. On the other hand, North America is estimated as the second-largest market for kegs

News
Angry Orchard Hard Cider Launched Limited-Edition Mini Kegs (October 2022)
Angry Orchard, a cider maker, is launching limited-edition mini kegs for Halloween filled with a seasonally inspired hard cider that can typically only enjoy at the brand's Orchard in New York's Hudson Valley.

Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Kegs Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Kegs Market Segmentation
1.5.1 Kegs Market Regional Fragmentation
1.5.1 Kegs Market Players
• 1.6 Report Duration
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Kegs Market
• 3.1 Global Kegs Market Size 2018 - 2030, (USD Million)
• 3.2 Global Kegs Market Statistics 2022: Snapshot
Chapter 4 Global Kegs Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Kegs Market by Type Segmentation Analysis (2018-2030)
Chapter 9 Global Kegs Market by Application Segmentation Analysis (2018-2030)
Chapter 10 Global Kegs Market by Capacity Segmentation Analysis (2018-2030)
Chapter 11 Global Kegs Market by Distribution Channel Segmentation Analysis (2018-2030)
Chapter 12 Global Kegs Market Regional Analysis
Chapter 13 North America Kegs Market Outlook (2018 - 2030)
Chapter 14 Europe Kegs Market Outlook (2018 - 2030)
Chapter 15 Asia Pacific Kegs Market Outlook (2018 - 2030)
Chapter 16 Latin America Kegs Market Outlook (2018 - 2030)
Chapter 17 Middle East and Africa Kegs Market Outlook (2018 - 2030)
Chapter 18 Research Findings

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Related Report:
Wine Barrels Market :
https://www.cognitivemarketresearch.com/wine-barrels-market-report
Beer Dispenser Market:
https://www.cognitivemarketresearch.com/beer-dispenser-market-report
Beverage Packaging Market:
https://www.cognitivemarketresearch.com/beverage-packaging-market-report

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