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End-Use of Kegs to Remain Largest for Alcoholic Beverages

Press release Description

Albany, New York, January 3, 2019: Evolving consumer preference for alcoholic and non-alcoholic beverages continues to drive kegs demand globally. In 2017, the kegs market was worth $753.4 million and is estimated to grow at an impressive CAGR of around 5% through 2028.

Future demand for kegs is expected to be driven by increasing the consumption of alcoholic and non-alcoholic beverages. Change in lifestyle and improving economic conditions of the consumers are primary growth influencers of the kegs market.

The aforementioned insights are taken from the report titled, “Kegs Market: Western Europe and North America Estimated to Collectively Account for Just Under 50% Value Share by 2018 End: Global Industry Analysis 2013 – 2017 and Opportunity Assessment 2018 – 2028,” included recently in the extensive database of Market Research Reports Search Engine’s (MRRSE).

On the basis of end use, the market is segmented into alcoholic beverages, non-alcoholic beverages, cooking oil, chemicals, and others. In 2017, the market revenue of alcoholic beverages was valued at $452.3 million. Since kegs are cost-effective, reliable, and helps to preserve the original taste of the alcoholic beverages such as beer and wine, it is anticipated that alcoholic beverage manufacturers will be the dominant end-users of the kegs in the near future.

Kegs Market: Contents of the Report

The report starts with the executive summary, introduction, and definition of the target product – kegs. Several factors that impact the market growth have been included in this report. Various macro- and micro-economic factors impacting growth of the kegs market have been included in this report.

Moreover, key segments identified in the kegs market have been represented with the help of a taxonomy table. It also offers insights on the adoption and demand trends affecting the kegs market across various countries and regions in the world.

A well-structured process was used to collect essential information that are included in this market research report. Segmentation of the market has been covered in the report to offer the readers of the report with detailed information about the market.

Kegs Market: Analysis on Competition Landscape

Analysis of the competition landscape included in the research study aims at providing detailed insights on the strategies of the key players operating in the kegs market. This will help the readers and buyers of the market report to comprehend the report in detail.

The report also covers key market players that are involved in developing and selling kegs products. Moreover, to help the readers, essential information such as – market shares, SWOT analysis, and key growth strategies of the key players are covered in the report.

New market entrants along with the existing market players will have an added advantage with the strategies of the key players included in the concluding section of the kegs market report.

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

Browse Full Global Kegs Market Report with TOC :

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