Proficient Market has published a new report titled “Global PET Wine Keg Market”. According to the report, global pet wine keg market in 2018 stood at USD 285.76 million and is expected to reach USD 440.06 million by 2026 growing at a CAGR of 5.60 % from 2019 to 2026.
Kegs are self-contained, portable equipment specifically designed for storing, cooling, transporting both upright or on the side, and dispensing a beverage. Generally, the major capacity is 20L and 30L PET keg in the market. Plastic kegs specifically Polyethylene Terephthalate kegs has gained significant attention in beverage industry owing to its unique characteristics such as a non-toxic, safe, lightweight, strong and flexible material, which is 100% recyclable. Moreover, PET is FDA-approved nontoxic material that's BPA-free and deemed safe for food and beverage storage. Traditionally, a keg is constructed high-grade austenitic stainless steel and plastic. In terms of applications, the beer and cider segment were estimated to account for the highest sales volume share with more than 70.5 % in 2017. Also, with the popularity of craft beer, especially in the United States, Australia, Europe in recent years, demand for home use beer brewing machine is also increasing.
Global Pet Wine Keg Market: Key Players
The research study includes profiles of leading companies operating in the global pet wine keg market. Key players profiled in the report include: Petainer, Lightweight Containers B.V. (KeyKeg), Dolium and Others.
Petainer launches new Hybrid kegs:
Petainer launches new Hybrid kegs at Brau Beviale 2018 First one-way keg to use a circular economy design. It is fully compatible with automatic fillers and universal fittings.
Drivers for the Global Pet Wine Keg Market:
According to current market condition, owing to increasing consumer spending on the premium solution, cost efficiency and technological advancements in PET keg are expected to drive the market. The acquisitions, product launches by key players is further boosting the market growth. Also, rise in consumption of alcoholic and non-alcoholic beverages among consumers.
Opportunities for the Global Pet Wine Keg Market:
Proliferation end user applications to grow the Market. Additionally, the key players are highly focusing innovation in production technologies to improve efficiency and shelf life. The best long-term growth opportunities for this sector can be captured by ensuring ongoing process improvements and financial flexibility to invest in the optimal strategies.
Restrains for the Global Pet Wine Keg Market:
Regardless of the positive outlook for the industry, the sector continues to face numerous restraints which pose a considerable risk to the profitability of services. Cleanliness and maintenance of kegs hampers the market. One-way pet kegs such as the market-leading petainer Keg are increasingly being used by breweries as a low-cost alternative to traditional steel kegs because they offer significant supply chain benefits and help manage seasonal demand is the major factor that can hamper the growth of global pet wine keg market. One major disadvantage when exporting, particularly over long distances, is the length of time it can take to reach destinations. Products are often in transit for six or more weeks. During this time, fluctuating and uncontrollable temperatures can have an impact on the quality of the beer. All these factors are responsible for the negative growth rate of the market.
Region Wise, Global Pet Wine Keg Market Analysis:
Region wise, global pet wine keg market can be segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Among all, Asia Pacific leads the global pet wine keg market share due to collaboration and tie up of leading players in Asia pacific region. Also, the major companies are adding more proven technologies systematically and strategically in Asia-Pacific countries as these countries are focused on fastest-growing verticals in the beverages sector. Asia Pacific is followed by the North America and Europe.
Global Pet Wine Keg Market: Product analysis
- Single Use
Global Pet Wine Keg Market: Application analysis
- Red Wine
- White Wine
- Sparkling Wine
Global Pet Wine Keg Market: Region analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of L.A.
- Middle East and Africa
- South Africa
- Rest of Middle East
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