Beer Kegs Market: Global Industry Analysis and Forecast (2023 – 2029)

Global Beer Kegs Market expected to hit USD 5101.07 Mn by 2029 from USD 2063.79 Mn in 2022 at a CAGR of 13.8% during the forecast period
Beer Kegs Market Overview
Beer kegs are large containers specially designed for storing and dispensing beer, which are made up of stainless steel, plastic and aluminum. The increasing focus on sustainability of major Beer Kegs Manufacturers and government regulations and initiatives has been driving the adoption of stainless steel material in Beer Kegs Production. The increased consumption of beer across the world is expected to boost the Beer Kegs Market. Key players are holding the majority of the share in the Beer Kegs Market such as American Keg Company, LLC, The Metal Drum Company, Blefa GmbH and Ardagh Group S.A. The growing inflation and uncertainties in the raw material prices and geopolitical disputes are expected to impede the growth of the Beer Kegs Industry.To know about the Research Methodology :- Request Free Sample Report

Beer Kegs Market Competitive Landscape

The Metal Drum Company, Blefa GmbH, Ardagh Group S.A. and Shinhan Industrial Co, Ltd are some of the Beer Kegs Key Companies. The report includes the recent developments, mergers and acquisitions by the Beer Kegs Key Players for the benchmarking to assist new market entrants in the Beer Kegs Market. Recently, on May 04, 2023, Ardagh Glass Packaging partnered with Sprecher Brewing Company to supply locally-made glass beer and beverage bottles. The high-quality glass bottles provide premium shelf appeal and a vessel for locking in freshness to protect the taste and flavor of the beverage. These products are endlessly recyclable, and they are expected to go from the recycling bin to the store shelf in as little as 30 days. Glass beverage bottles preserve the true taste of the beer and deliver great shelf appeal and brand differentiation in a premium, sustainable package. These factors are expected to propel the growth of the Beer Kegs Market.


Beer Kegs Market Dynamics
Cost Efficiency, Sustainability and Flexibility Expected to Propel the Growth of Beer Kegs Market

Beer kegs provide cost advantages for both breweries and consumers. For breweries, kegs offer a more cost-effective packaging solution compared to single-use bottles or cans, especially for larger production volumes. It is possible to reuse kegs several times which reduces packaging costs of Beer Kegs Manufacturers and waste. These Kegs provide an airtight and protected environment for the beer, preventing exposure to oxygen, light, and contaminants that are expected to degrade the flavor and aroma.

The absence of light- and oxygen-induced spoilage allows breweries to deliver a consistently high-quality product to consumers, leading to a positive consumer experience and loyalty. These factors are expected to boost the Beer Kegs Market. Beer kegs offer dispensing flexibility, enabling establishments to serve a wide range of beer styles on tap. With kegs, bars and restaurants easily rotate their beer offerings, introducing new and seasonal brews to their customers. Also, the large customer base for beer is expected to drive the Beer Kegs Market.

The rapid growth of the craft beer industry is expected to influence the Beer Keg Market. Craft breweries often prioritize draught beer sales and invest in kegging equipment to supply local bars and restaurants. The penetration of local bars and wine shop is higher across the world in every region. These are driving the demand for kegs that simultaneously drive the Beer Kegs Market. The Beer Kegs Key Manufacturers are focusing on the sustainable process of developing kegs to promote themselves due to the growing emphasis on sustainability worldwide.

As the craft beer sector continues to expand globally, the demand for kegs is expected to rise, majorly driven by the unique and diverse beer offerings from these breweries. Consumers are seeking out unique and immersive experiences and this emerged as tourism, including trying new beers at establishments. This shift toward on-premise consumption drives the demand for beer kegs, as they are the primary dispensing method in such venues.



Beer Kegs Market Trends

Increased Focus on Sustainable Practice by Key Manufacturers

Rising awareness among consumers regarding the environmental impact of beer production and consumers preferring breweries that prioritize sustainability when crafting their beer. Brewers are started focusing on minimizing energy use, decreasing water consumption and using sustainable ingredients whenever possible. Many breweries are also taking steps to reduce waste by using packaging materials made from recycled materials or offering refillable bottles and kegs to customers. These trends are propelling the growth of the Beer Kegs Market.

Expansion and Demand for Non-Alcoholic Beverages

A large number of consumers across the world are choosing non-alcoholic beverages. This has been driving the Beer Kegs Manufacturers to expand their segment line for alcoholic and non-alcoholic beer. This is expected to create a lucrative opportunity for new entrants in Beer Kegs Manufacturing.

Growing Emphasis on Specialty Flavors in Beers

Beers and other alcoholic drinks are mostly known by their making quality and flavor. The beer flavor is also affected by the kegs material on account of it the use of the right equipment to keep the flavor unchanged has become a major focus in Beer Kegs Manufacturing. The major Beer Kegs Key Players adopting alternative materials and metal alloys such as stainless steel that become a popular choice among both homebrewers and commercial brewers.

Uncertainties in Prices of Raw Materials at Global Trade and Disruptions Due to Pandemic Expected to Limit the Beer Kegs Market
The fluctuations in the prices of raw materials at international trade used in beer kegs manufacturing and the economic downturns and inflation across the world are expected to impede the growth of the Beer Kegs Market. Also, there are several industries still struggling to get over the consequences of the pandemic and the disruptions that happened due to it. This has decreased on-premise beer consumption, which has resulted in decreased demand for kegs and is expected to limit the growth of the Beer Kegs Market. The report provides detailed information regarding drivers and restraints through SWOT analysis and PORTER’s five-force model.
Beer Kegs Market Segment Analysis
Based on Material, The stainless steel segment is expected to hold the largest revenue share of the Beer Kegs Market throughout the forecast period (2023-2029). Many Beer Kegs Manufacturers considered stainless steel as environment-friendly. Stainless steel is popular among kegs manufacturers since it requires less energy to make than cans and bottles, which reduces waste in the environment. All these factors are expected to help the stainless steel segment grow in the Beer Kegs Market. There are still some manufacturers that use tin and plastic in the Beer Kegs Production. And these manufacturers hold some Beer Kegs Market revenue share in the material segment.

Based on End User, The alcoholic beverages segment dominated the market in 2022 and is expected to hold the largest share of the Beer Kegs Market throughout the forecast period (2023-2029). Since the number of alcohol consumers has increased steadily over a period of time and alcoholic beverages generate the highest revenue for most of the economies in the world. These factors are expected to propel the segment to grow at a highest CAGR in the Beer Kegs Market. The other segments such as chemicals, cooking oil also needs alcohol in their production.


Beer Kegs Market Regional Insights
North America held the largest share of the market in 2022 and is expected to grow significantly throughout the forecast period. The presence of major Beer Kegs Key Players in the United States is one of the major drivers of the North America Beer Kegs Market. According to the report, consumers in the U.S. aged 21 and older consumed approximately 26 gallons of beer and hard cider per person. In the United States, the legal drinking age is 21 and this population has been increasing steadily. Also, the technological revolution in the country and its applications in keg manufacturing and logistics make the manufacturing process more efficient and cost-effective. These factors are stimulating investors to invest in kegs manufacturing and drive the growth of the Beer Kegs Market.

Asia Pacific is expected to grow in the Beer Kegs Market at a significant rate during the forecast period. As per the MMR research, it is observed that China has consumed 9,533,441 gallons of beer, which is indicating a lucrative opportunity for Beer Kegs Key Players to increase their Beer Kegs Market Share by investing in these developing economies. This is expected to propel the growth of the Asia Pacific Beer Kegs Market.
Beer Kegs Market Scope: Inquire Before Buying



Global Beer Kegs Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 2063.79 Mn.


Forecast Period 2023 to 2029 CAGR:
13.8%
Market Size in 2029:
US $ 5101.07 Mn.


 Segments Covered:
by Material
Plastic
Tin
Stainless Steel


by End Use
Alcoholic Beverages
Chemicals
Non- Alcoholic Beverages
Cooking Oil
Others


by Distribution Channel
Online Store
Commercial Liquor Store
Others



Beer Kegs Market, by Region:
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina, Columbia and Rest of South America)
Beer Kegs Market, Key Players are
1. American Keg Company, LLC
2. The Metal Drum Company
3. Blefa GmbH
4. Ardagh Group S.A.
5. Shinhan Industrial Co, Ltd
6. NDL Keg Inc.
7. Schaefer Container Systems
8. Julius Kleemann GmbH & Co KG
9. Ningbo BestFriends Beverage Containers Co. Ltd.
10. Petainer UK Holdings Ltd
11. The Metal Drum Company
12. THIELMANN
13. Supermonte Group
14. Kegco
15. Petainer
16. Sankey
17. Eurokeg
18. Micromatic
19. Beijing Batoo Tech
Frequently Asked Questions:
1] What is the growth rate of the Market?
Ans. The Market is growing at a CAGR of 13.8% during the forecast period.

2] Which region is expected to dominate the  Market?
Ans. North America is expected to dominate the Market during the forecast period from 2023 to 2029.

3] What is the expected Market Distribution Channel by 2029?
Ans. The Distribution Channel of the  Market by 2029 is expected to reach USD 5101.07 Mn.

4] Who are the top players in the Market?
Ans. The major key players in the  Market are American Keg Company, LLC, The Metal Drum Company and Blefa GmbH, Ardagh Group S.A.

5] Which factors contributed to the growth of the Market in 2022?
Ans. The Market is expected to grow due to the growing increased consumption and demand for beer.