The global beer kegs market size is expected to reach USD 117.3 million by 2030, registering a CAGR of 7.3% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is driven by increasing consumption of beer among young consumers. An analysis conducted by Gallup, Inc., previously known as American Institute of Public Opinion, pertaining to alcohol consumption habits of Americans showed that close to 70.0% of men between the age of 18 and 29 preferred beer over other alcoholic beverages. This trend has continued over the years and has served as a key factor driving the market.
Rising inclination for flavored alcoholic beverages is a trend that is likely to benefit the market. This, along with growing demand for premium products such as craft and draught variants, is fueled by evolving consumer lifestyle and increased per capita income. The rising trend of on-premise sales is also expected to fuel market growth. Kegs help in maintaining the authentic quality and flavor of alcoholic beverages over long durations. Draught beer is mostly served through kegs in order to maintain its pressure, and therefore, the product witnesses greater demand from on-trade sales.
Access the Beer Kegs Market Size, Share & Trends Analysis Report By Material (Steel, Plastic, Others), By Capacity, By Application (Commercial, Residential), By Region, And Segment Forecasts, 2024 - 2030
Steel as a raw material held the dominant share of 84.7% in the market owing to its largescale production in the industry, higher durability, and favorable recycling properties. Steel kegs are used for transportation and storage as it helps in blocking gases and ultraviolet rays, thereby preserving the quality and flavor of beer.
Asia Pacific is expected to exhibit the highest CAGR of 5.1% from 2019 to 2025 on account of increasing production and consumption of beer in the region, majorly driven by countries such as India, China, and Singapore. Moreover, intensifying presence of breweries producing craft and draught beer are adding to product demand. Another factor driving the market is rising number of leading companies investing in sustainable packaging solutions and producing environment-friendly kegs. For instance, the unique DLC kegs produced by Petainer are some of the most eco-friendly variants introduced in Japan.
Beer Kegs Market Report Highlights
· Plastic-based beer kegs segment is expected to experience a significant CAGR during the forecast period
· The Steel beer kegs segment dominated the market and accounted for a share of 85.3% in 2023
· Europe beer kegs market dominated the global industry with a revenue share of 29.5% in 2023. This is attributed to the rising consumption of beer in the region, constant lifestyle changes, the presence of large enterprises from industry operating in the region and ease of availability.
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Key Beer Kegs Company Insights
Vendors are focusing on implementing strategies such as mergers and acquisitions to increase product offerings and gain a competitive edge in the industry. Therefore, key players are expanding their production and adopting innovative advancements aiming to fulfil maximum customer needs.
American Keg Company LLC is a U.S.-based company that manufactures high-quality stainless steel kegs. Their skilled craftsmen use food-grade 304 stainless steel.
SCHÄFER Werke GmbH is a German company involved in manufacturing plastics, fabricated metal products, and architectural and structural metals. It focuses on quality, maximum customer satisfaction, and innovation.
Key Beer Kegs Companies:
The following are the leading companies in the beer kegs market. These companies collectively hold the largest market share and dictate industry trends.
· American Keg Company (BLEFA GmbH)
· NDL Keg Inc
· Shinhan Industrial Co, Ltd.
· Ningbo BestFriends Beverage Containers Co. Ltd
· Blefa GmbH
· SCHÄFER Werke GmbH
· Ara Partners (Petainer Ltd.)
· Ardagh Group S.A.
· Julius Kleemann GmbH & Co. KG
· The Metal Drum Company
About Grand View Research:
Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies, ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials, and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights. For more information, visit www.grandviewresearch.com
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