Wooden barrels are cylindrical containers usually made from oak and are extensively used for the storage and ageing of spirits.
Traditionally, the usage of barrels for storage of oils, water, spirits and some other food and beverage products was common but with the growth in the product-specific packaging market, the barrels are majorly used for the ageing and storage of spirits. With the growth in the alcoholic beverages industry, the demand for wooden barrels is on the rise.
What are the Key Trends Impacting Growth of the Wooden Barrels Market?
The increasing demand for craft beers globally is resulting in an increasing number of craft breweries across all the region is fueling the growth of the wooden barrels market. Due to the rising demand, many local players are entering the market to ride the trend and using wooden barrels is proving to be a necessity for the business.
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What are the Key Opportunities for Wooden Barrels Manufacturers?
In the wooden barrels market, the barrels used by the distilleries or wineries are in high demand. These barrels are in demand due to their applications in other industries like food and beverage, furniture and others.
In the food and beverage industry, the growing popularity of the Tobasco hot sauce made from Tobasco pepper is a result of its flavor which is derived from its three-year storage in whiskey barrels. The wooden barrels are also widely used as prop items for décor purpose in many hotels and restaurants.
What are the Key Challenges that may Restrain Growth of the Wooden Barrels Market?
Apart from the usage in the liquor industry and some non-alcoholic beverages like Vernor’s ginger ale, the usage of wooden barrels is minimum. The cost of storage in wooden barrels is higher when compared to other alternatives, resulting in the usage of other forms of packaging by the manufacturers. Many of the smaller beverage companies are switching to other economical packaging options.
Competitive Landscape
Key players such as
- Maine Bucket Company
- Midwest Barrel Co.
- Oak Barrels India
- Barriles la Arboleda SA
- The Barrel Makers
- Valoga Ltd.
- East Coast Wood Barrels
- Brown-Forman Corporation
- The Barrel Mill
- Bouchard Cooperages
- Burton Wood Turnery
- Kelvin Cooperage
- McGinnis Wood Products, Inc.
- Others
are actively involved in manufacturing wooden barrels.
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What is the Repercussion of the Pandemic on the Growth of the Wooden Barrels Market?
The COVID-19 pandemic has spread across the globe and its effects can be observed in many industries. Some industries are largely impacted, while some are facing a decreased growth rate but are still managing to stay afloat.
The wooden barrels market is not vastly impacted by the pandemic apart from the challenges faced due to the restriction in logistics and import-export. Due to low inventory and gaps in the supply chain, the wooden barrels market may face slow growth in the coming years.
Key Segments of Wooden Barrels Market Covered in the Report
Based on Type of Wood
- Oak
- Chestnut
- Acacia
- Mulberry
- Cherry
- Cedar
Based on Application
- Wineries
- Breweries
- Distilleries
- Decor
Based on Toast Level
- Untoasted
- Light
- Medium
- Heavy
Based on the Region
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa
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