Research Nester has released a report titled “PET Kegs Market – Global Demand Analysis & Opportunity Outlook 2027” which delivers detailed overview of the global PET kegs market in terms of market segmentation by capacity, application, distribution channel and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The global PET kegs market is segmented by capacity into 10L-20L, 20L-30L and others, out of which, the 20L-30L segment is anticipated to gain the largest market share by the end of 2027 by growing at a CAGR of 10.8% during the forecast period 2020-2027. The segment held a market share of 50.50% in the year 2018 and is anticipated to cross USD 106.68 million by the end of 2027 owing to the benefits observed in the optimization of logistic supply chain processes by the beverage manufacturers thereby helping to lower overall transportation cost.
The global PET kegs market, which was valued at USD 90.50 million in the year 2018, is anticipated to achieve a CAGR of 10.5% during the forecast period. Increasing demand for premium alcoholic beverages such as craft beer, along with the rising popularity of low-alcoholic beverages and increasing adoption of kegged wine around the globe are some of the major factors considered that are contributing towards the growth of the global PET kegs market. Moreover, the global PET kegs market is predicted to reach USD 205.57 million by the end of 2027.
Regionally, the global PET kegs market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Among these regions, Europe, which held a market share of 44.52% in the year 2018, is anticipated to hold the largest market share owing to the rising adoption of PET kegs for storage and transportation of variety of alcoholic and non-alcoholic beverages, along with the growing consumption of alcoholic beverages in the region. Apparently, growing popularity for several non-alcoholic beverages such as kombucha and coffee amongst others is also anticipated to drive the growth of the market in the region in the upcoming years. In the statistics by the International Coffee Organization, an increase by 1.2% in the consumption of coffee in Europe was observed in the year 2019, leading to a total consumption of 54.54 million bags.
Increasing Demand for PET Kegs in the Packaging of Alcoholic and Non-Alcoholic Beverages
PET kegs provide easy storage and transportation to beverage breweries. It also helps the manufacturers of these beverages type to lower their cost of transportation, which is raising the demand for the utilization of PET kegs in the packaging of alcoholic and non-alcoholic beverages. Additionally, growing consumption of both alcoholic and non-alcoholic beverages along with the significant reduction in the production of waste in the manufacturing of PET legs which has improvised the use of recycled PET for the manufacturing of PET kegs instead of virgin PET are some of the factors anticipated to drive the growth of the global PET kegs market.
However, concerns regarding the use of alternate materials used in the manufacturing of kegs, such as stainless steel and wood are some of the factors anticipated to limit the growth of the global PET kegs market.
This report also provides the existing competitive scenario of some of the key players of the global PET kegs market, which includes company profiling of Petainer, OneCircle, PolyKeg S.r.l., Rehrig Pacific Company, Keg Exchange GmbH, MCT Company (KLSE: MCT), Dolium, Petkos, Oxebar and Techpac India. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global PET kegs market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.