According to FMI’s analysis, the kegs market would expand at a CAGR of 4.5% during the forecast period. The estimated market size for the sector is expected to rise from US$ 939 Million in 2023 to US$ 1.5 Billion by 2033.
Kegs are cylindrical containers typically made of stainless steel, aluminum, or plastic, used for storing and dispensing beverages, most commonly beer. These robust containers come in various sizes, ranging from small kegs for home use to large kegs used in commercial settings. They play a vital role in the beverage industry, ensuring that draft beer, cider, wine, and other carbonated drinks are preserved and served with optimal quality.
The market for kegs is anticipated to grow over the projected period as a result of growing public awareness of environmental sustainability and conservation. This has prompted numerous keg-based businesses to launch sustainable kegs. As they are neither produced or maintained using procedures that affect the environment, these kegs are safe for the environment. The most common type of high-quality, environmentally friendly kegs on the market are made of stainless steel.
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Going forward, the market is shifting towards automation to cut down inefficiencies in the market. With the help of smart keg tracking sensors, the manufacturing facilities of kegs are able to manage costs and key systems efficiently. The technology-powered automation in kegs industry improves transportation and storage of carbonated and non-carbonated, alcoholic and non-alcoholic beverages, and other beverages.
In the years to come, the kegs market is predicted to be stimulated by the introduction of new technology to and improve keg palatability. Furthermore, the launch of rubber steel kegs for greater ergonomic handling of alcoholic beverages is anticipated to strengthen market growth in the future.
Key Takeaways from the Kegs Industry:
- The United States kegs market is projected to attain market value of US$ 325.7 Mn by 2033, growing at a CAGR of 5.2% in the coming years. Increasing automation in the industry, thanks to technologies like smart sensors, APIs, software, and cloud databases, is propelling market growth in the country.
- China market is estimated to grow at the fastest growth rate of 6% CAGR, to arrive at US$ 167.7 Mn by 2033. The growing application of kegs in beverages and pharmaceutical sectors is leading the market expansion.
- The United Kingdom kegs market is expected to achieve a market valuation of US$ 81.5 Mn by 2033 end, exhibiting a CAGR of 4.9% in the coming years. Increasing efforts by the keg manufacturers to release new products with breakthrough technology and authorized by formal regulatory bodies.
- The market is observing increasing preference for kegs having a capacity of 20L to 40L. Large breweries, bars, and restaurants are making use of kegs with this much capacity to preserve beverages, alcoholic or non-alcoholic. The ever-increasing growth of beverage sector is predicted to keep up the demand for kegs.
Key Factors Driving the Growth of the Kegs Market
The kegs market has experienced substantial growth in recent years, driven by several factors that have shaped the industry landscape. Let’s explore some of the key drivers behind this remarkable expansion.
Rising Demand for Craft Beer
Craft beer has witnessed a surge in popularity, with consumers increasingly seeking unique and flavorful brews. As a result, breweries, both large and small, have embraced kegs as the preferred container for distributing their craft beer. The versatility and durability of kegs ensure that the beer reaches consumers with its taste and integrity intact.
Environmental Considerations
In an era of increasing environmental consciousness, kegs have emerged as a sustainable alternative to single-use bottles and cans. Unlike their disposable counterparts, kegs can be reused multiple times, significantly reducing waste generation. This eco-friendly aspect has made kegs an attractive choice for environmentally conscious breweries and consumers alike.
Regulatory Compliance
The brewing industry is subject to various regulations and standards that impact keg manufacturing and distribution. These regulations ensure product safety, quality, and traceability. Compliance with these regulations requires breweries to stay updated with the latest industry standards and invest in appropriate equipment and processes.
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New Developments Shaping up the Kegs Market:
- In June 2022, Ara Partners (“Ara”) unveiled that it has acquired Petainer Ltd., a global producer of sustainable beverage packaging solutions based in the UK. Ara collaborated with Next Wave Partners LLP affiliates and Petainer Management to make this acquisition.
- In May 2022, BLEFA got together with other major companies dealing in keg supply chain to introduce new Steel Keg Association (SKA) to provide the advantages of steel kegs to beverage companies and breweries, as well as restaurants and bars.
- In May 2021, Lumiere Technologies turned into a new Indian partner of BLEFA. The company is based in Bangalore, and is a subsidiary of the SpectraA Group. The latter is a famous company in the Indian brewery industry as it offers breweries with one-stop platform for all solutions. Likewise, the firm offers a comprehensive solution to soft drink plants, food & beverage establishments, distilleries, and other businesses.
- In January 2020, Blefa Kegs and American Keg revealed technological investment and considerable equity by Blefa in the future growth of American Keg. With this agreement, American Keg is forecast to witness robust growth in employment and production over time.
Given Below are the Kegs Market Segments
Capacity:
- Upto 20 L
- 20 L to 40 L
- 40 L to 60 L
- Above 60 L
- Material:
- Plastic
- Tin
- Stainless Steel
End Use:
- Alcoholic Beverages
- Beer
- Wine
- Spirits
- Cider
- Non-Alcoholic Beverages
- Soft-Drinks
- RTD Beverages
- Juices
- Others
- Cooking Oil
- Chemicals
- Others
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