Analysis of Plastic Kegs Market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
According to a recent study, it is projected that the plastic kegs market will witness a stable growth rate in the forecast period. Rising consumption of beverages such as beer is one of the prime factors that is leading to the growth in demand for plastic kegs in the global market.
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Rising demand of flavored alcoholic and non-alcoholic beverage are impacting the plastic kegs at a large scale. Out of all the beverages, plastic kegs are majorly used for storing, packaging, and transporting a different variety of beer.
The introduction of several varieties of beer such as craft and draught is getting attention from the consumer base with changing lifestyles. Owing to this plastic kegs are anticipated to witness a growth in demand.
Prime plastic kegs manufacturers such as Talos, China are specially designing plastic kegs to store beer and to enhance its shelf life. As draught beer needs optimum pressure to maintain throughout the supply chain to maintain its freshness, plastic kegs perform their task here by balancing adequate pressure.
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Owing to the growing concerns for plastic pollution across the globe prominent manufacturers of plastic kegs such as OneCircle, Netherlands are developing plastic kegs along with the additional services aiming to reduce plastic pollution and to achieve maximum recyclability of these plastic kegs.
As consumers across all seven regions of the market are growing conscious of the product they are using, demand for cleaner plastic kegs will be the next milestone to be reached for the prime manufacturers.
Plastic kegs brand such as KeyKey (OneCircle) promotes itself in the market as to be made by 30% recycled plastic, which makes it more attractive for the end user.
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North America is claimed to have a dominant portion of the global market, with over a quarter of the market share. High consumption of several beverages such as soft drinks and beer are the prime reason for this dominance over the market. Growing demand for safe and convenient packaging for beverages is further pushing the plastic kegs market in a positive direction.
Manufacturers in the Asia Pacific produce plastic kegs as per the regional requirement. The end user in the hospitality industry are the biggest consumer of plastic kegs in the region and hence plastic kegs suitable for their requirements or needs are made. Some customization such as the design of the plastic kegs or adding of logos is some of the essentials that top the customization list from these end users in the region.
Some of the leading manufacturers and suppliers of global plastic kegs market are,
Manufacturers of plastic kegs are bringing in innovation and competing in the market on the basis of crucial factors such as cost, shelf life, environment friendliness, transport radius, compatibility with different varieties of beers, and easy handling.
To become more eco-friendly manufacturers of plastic kegs are introducing certain steps to reduce their carbon footprints. For instance, manufacturers in order to reduce the pollution and transportation cost for the return of empty plastic kegs they are setting up a collection center nearby the port where heavy trade is anticipated.
This helps them to secure a two-way trade deal with a comparatively lesser carbon footprint throughout the supply chain.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
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The market is expected to develop at a CAGR of 4.6% during the forecast period.
The market is growing since the demand for flavoured alcoholic and non-alcoholic beverages is increasing, which has a significant influence on plastic kegs.
Manufacturers are anticipated to find the most opportunities in North America.
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