Global Kegs market is expected to reach to a value of over $90 million by 2027, at an increasing CAGR rate of 5%

The Global Kegs market is expected to reach to a value of over $90 million by 2027, at an increasing CAGR rate of 5%.

What are kegs?

A keg is a small barrel- a cylindrical container. Generally, a wooden keg is made by a cooper and used to ship things like nails, gunpowder, and an assortment of fluids or liquids.

Lately, a keg is regularly built of stainless steel. It is normally used to store, transport, and serve alcohol. Other cocktail and non- alcoholic drinks, carbonated or non-carbonated, might be housed in a keg too. Carbonated beverages are usually maintained under pressure in control to keep up with carbon dioxide in solution, keeping the refreshment from turning out to be flat. Draught beer is generally served through the barrels so that the pressure of the beer is maintained.

There are three types of kegs, includes:

• Ball Lock kegs
• Lock Kegs
• Sankey Kegs

Market overview

The worldwide keg is progressively utilized in the storage of the alcoholic beverages such as cocktail and beer. The flavour of beer is maintained when it’s stored in barrels. Accordingly, key manufacturers from beverages industry are giving preferences to utilize barrels in the storage of their items. Aside from this, barrels are likewise viewed as most ideal choice for the storage of non-cocktails. In this way, developing prevalence of alcoholic as well as non-alcoholic is indirectly supporting the development of the worldwide kegs market.

The worldwide populace is developing at fast speed. Consequently, the interest for cooking oil is expanding in a similar proportion. As barrels are significantly utilized in the vehicle of cooking oil, the expanding interest for cooking oil is emphatically affecting on the development of worldwide keg market. Furthermore, the evolving way of life, utilization patterns, and overall improved standard of life and spending power of major overall individuals are filling the development of the global kegs market.

Market segmentation: Analysis

The Global Kegs market is segmented by product type, application, and geographic region.

On the basis by Product Type – Plastic Kegs, steel keg, and tin keg.

Steel kegs dominated the product type segment, which embrace major market share because of their largescale creation, higher solidness, strength, against erosion, and great reusing properties. They are mainly utilized for transportation and storage.

On the basis by Application – Alcoholic Beverages (Beer, Wine, Spirits and Cider), Non- Alcoholic beverages (Soft Drinks, Juices, and RTD Beverages), Cooking Oil, and Chemicals.

According to the application segmentation, alcoholic beverages dominate the segment. 

On the basis by region – Latin America, Asia- Pacific, Europe, North America, and Middle East and Africa

Asia-Pacific (APAC) is expected to offer a worthwhile market base to the global kegs market attributable to the rising inclinations for lager by mounting youth populace, and outperforming proportion of breweries and bars opening the area.

Major key player in the kegs market are:

• American Keg Company
• Ardagh Group
• Ningbo Best friends Beverage containers Co. Ltd
• NDL Keg
• Shinhan Industrial Co. Ltd.