Future Market Insights Updates Kegs Market Forecast and Analysis as Corona Virus Outbreak Disturbs Investment Plans
Future Market Insights Updates Kegs Market Forecast and Analysis as Corona Virus Outbreak Disturbs Investment Plans
Published by mark itwired
Posted on August 13, 2021
The global kegs market is
slated to grow at a steady CAGR of 4.2%, amid the projected period
(2018-2028). The worldwide consumption of steel kegs for shipment and
storage of beer is anticipated to remain high. The use of kegs as a
reliable, cost-effective and appropriate for fermented beverages,
furthermore ensuring preservation of organoleptic characteristics and
original taste. FMI, in its recent study, stated that the COVID-19
outbreak has impact the market adversely, however, recovery is likely to
commence in late 2021.
“Sustained demand for cooking oil remains a key revenue generator for the global kegs market.“ states the FMI analyst.
Although, the market witnessed an increase in sales, on the onset of
the pandemic. Players sopped up surplus sales from COVID-19-fueled
stockpiling, followed by lost business from operational constraints and
closed dining rooms. FMI in its report states that the market is
gradually anticipated to pick up pace by the end of 2021 or by 2022 Q1.
Competitive Landscape
Petainer UK Holdings Ltd., Ardagh Group S.A, NDL Keg Inc, AMERICAN
KEG COMPANY., Ningbo BestFriends Beverage Containers Co. Ltd, Shinhan
Industrial Co, Ltd, Schaefer Container Systems, Blefa GmbH, Julius
Kleemann GmbH & Co KG and The Metal Drum Company are a few of the
leading market players operating in the kegs market. Market players are
focusing on merger and acquisition, collaboration, and partnership to
extend their regional presence. Growing number of activities imply that
the players working in the global kegs market account for remarkable
expansion prospects in the years ahead.
About the Study
The study offers readers a comprehensive assessment of the kegs
market. Global, regional and national-level analysis of the latest
trends influencing the market is covered in this FMI report. The study
provides insights according to material (plastic, tin and stainless
steel), capacity (up to 20 litre, 20 litre to 40 litre, 40 litre to 60
litre and above 60 litre), end use (alcoholic beverages [beer, wine,
spirits and cider], non- alcoholic beverages[soft drinks, RTD beverages,
juices and others], cooking oil, chemicals and others), across key
regions (North America, Latin America, Europe, China, Asia Pacific,
Middle East & Africa).
Alcoholic Beverages Packaging Market:
Get insights on the alcoholic beverages packaging market through FMI’s
report covering detailed quantitative and qualitative analysis for
projection period 2017-2027.
Metal Cans Market:
FMI’s exhaustive study on the global metal cans market covers the
latest trends, innovations, key players, and popular strategies for the
period 2017-2026.
Cluster Packaging for Beer Market: Obtain detailed analysis on the cluster packaging for beer market through FMI’s report covering competitive analysis, key regions, and segmental analysis for 2017-2027.
About FMI
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact
Mr. Abhishek Budholiya Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A, Jumeirah Lakes Towers, Dubai, United Arab Emirates MARKET ACCESS DMCC Initiative For Sales Enquiries: sales@futuremarketinsights.com For Media Enquiries: press@futuremarketinsights.com
The global kegs market is slated to grow at a steady CAGR of 4.2%, amid the projected period (2018-2028). The worldwide consumption of steel kegs for shipment and storage of beer is anticipated to remain high. The use of kegs as a reliable, cost-effective and appropriate for fermented beverages, furthermore ensuring preservation of organoleptic characteristics and original taste. FMI, in its recent study, stated that the COVID-19 outbreak has impact the market adversely, however, recovery is likely to commence in late 2021.
“Sustained demand for cooking oil remains a key revenue generator for the global kegs market.“ states the FMI analyst.
Although, the market witnessed an increase in sales, on the onset of the pandemic. Players sopped up surplus sales from COVID-19-fueled stockpiling, followed by lost business from operational constraints and closed dining rooms. FMI in its report states that the market is gradually anticipated to pick up pace by the end of 2021 or by 2022 Q1.
Competitive Landscape
Petainer UK Holdings Ltd., Ardagh Group S.A, NDL Keg Inc, AMERICAN KEG COMPANY., Ningbo BestFriends Beverage Containers Co. Ltd, Shinhan Industrial Co, Ltd, Schaefer Container Systems, Blefa GmbH, Julius Kleemann GmbH & Co KG and The Metal Drum Company are a few of the leading market players operating in the kegs market. Market players are focusing on merger and acquisition, collaboration, and partnership to extend their regional presence. Growing number of activities imply that the players working in the global kegs market account for remarkable expansion prospects in the years ahead.
About the Study
The study offers readers a comprehensive assessment of the kegs market. Global, regional and national-level analysis of the latest trends influencing the market is covered in this FMI report. The study provides insights according to material (plastic, tin and stainless steel), capacity (up to 20 litre, 20 litre to 40 litre, 40 litre to 60 litre and above 60 litre), end use (alcoholic beverages [beer, wine, spirits and cider], non- alcoholic beverages[soft drinks, RTD beverages, juices and others], cooking oil, chemicals and others), across key regions (North America, Latin America, Europe, China, Asia Pacific, Middle East & Africa).
Alcoholic Beverages Packaging Market: Get insights on the alcoholic beverages packaging market through FMI’s report covering detailed quantitative and qualitative analysis for projection period 2017-2027.
Metal Cans Market: FMI’s exhaustive study on the global metal cans market covers the latest trends, innovations, key players, and popular strategies for the period 2017-2026.
Cluster Packaging for Beer Market: Obtain detailed analysis on the cluster packaging for beer market through FMI’s report covering competitive analysis, key regions, and segmental analysis for 2017-2027.
About FMI
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact
Mr. Abhishek Budholiya Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A, Jumeirah Lakes Towers, Dubai, United Arab Emirates MARKET ACCESS DMCC Initiative For Sales Enquiries: sales@futuremarketinsights.com For Media Enquiries: press@futuremarketinsights.com