Plastic Keg Trends and Forecast
The future of the global plastic keg market looks promising with opportunities in the beer and cider markets. The global plastic keg market is expected to grow with a CAGR of 4.7% from 2024 to 2030. The major drivers for this market are cost-effectiveness and durability compared to traditional metal kegs, increasing demand for convenient and eco-friendly packaging solutions, and growth in the beverage industry, particularly craft beer and cider.
• Lucintel forecasts that 20L is expected to witness the higher growth over the forecast period.
• Within this market, beer is expected to witness the higher growth.
• APAC is expected to witness highest growth over the forecast period.
United States: Major breweries like Anheuser-Busch are investing in sustainable plastic keg alternatives, aiming to reduce carbon footprint. Government initiatives incentivize companies to adopt eco-friendly packaging, with targets set to decrease plastic waste by 30% by 2030.
Germany: Leading beverage companies such as Krones AG are introducing innovative plastic keg designs to enhance durability and recyclability. Government regulations mandate stricter recycling norms, with companies aiming to achieve 100% recyclable packaging by 2025.
China: Key players like Ningbo Haosheng Pneumatic Machinery Co., Ltd. are expanding production capacities for plastic kegs, targeting emerging markets domestically and globally. The government promotes sustainable packaging practices, with companies aligning strategies to meet renewable energy targets by 2030.
Australia: Brewery giants like Lion Pty Limited are implementing circular economy models, investing in research for biodegradable plastic kegs. Government schemes offer grants for eco-friendly packaging innovations, with companies pledging to achieve zero plastic waste to landfill by 2030.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Plastic Keg by Segment
The study includes a forecast for the global plastic keg by type, application, and region.
Plastic Keg Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• 20L
• 30L
• Others
Plastic Keg Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Beer
• Cider
• Other Drinks
Plastic Keg Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Plastic Keg Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies plastic keg companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the plastic keg companies profiled in this report include-
• Petainer
• Lightweight Containers
• Dispack Projects
• Rehrig Pacific Company
• Polykeg
• Schäfer Container Systems
• KEG Exchange Group
Recent Development in the Plastic Keg Market
Coca-Cola: Coca-Cola announced a strategic shift towards sustainable packaging, aiming to replace plastic kegs with eco-friendly alternatives made from recycled materials. This initiative aligns with their broader sustainability goals to reduce plastic waste and carbon footprint across their supply chain.
Heineken: Heineken introduced a groundbreaking innovation in the plastic keg market with their development of a fully recyclable and biodegradable keg made from plant-based materials. This move reflects their commitment to environmental stewardship and sets a new standard for sustainability within the beverage industry.
SABMiller: SABMiller unveiled a comprehensive sustainability roadmap for their plastic keg production, incorporating measures to optimize resource efficiency, reduce waste, and promote circular economy principles. This initiative underscores their dedication to minimizing environmental impact while meeting growing market demands for sustainable packaging solutions.
Anheuser-Busch InBev: Anheuser-Busch InBev announced a partnership with leading recycling companies to implement a closed-loop system for plastic keg collection and recycling. By facilitating the return and reuse of kegs within their supply chain, they aim to significantly reduce plastic waste and promote a more circular approach to packaging.
Pernod Ricard: Pernod Ricard launched a pilot program to test the feasibility of using recycled ocean plastic in the production of plastic kegs. This innovative initiative not only addresses the pressing issue of marine pollution but also demonstrates their commitment to exploring new sustainable materials for packaging solutions.
Features of the Global Plastic Keg Market
Market Size Estimates: Plastic keg market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Plastic keg market size by type, application, and region in terms of value ($B).
Regional Analysis: Plastic keg market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the plastic keg market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the plastic keg market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for plastic keg market?
Answer: The global plastic keg market is expected to grow with a CAGR of 4.7% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the plastic keg market?
Answer: The major drivers for this market are cost-effectiveness and durability compared to traditional metal kegs, increasing demand for convenient and eco-friendly packaging solutions, and growth in the beverage industry, particularly craft beer and cider.
Q3. What are the major segments for plastic keg market?
Answer: The future of the global plastic keg market looks promising with opportunities in the beer and cider markets.
Q4. Who are the key plastic keg market companies?
Answer: Some of the key plastic keg companies are as follows:
• Petainer
• Lightweight Containers
• Dispack Projects
• Rehrig Pacific Company
• Polykeg
• Schäfer Container Systems
• KEG Exchange Group
Q5. Which plastic keg market segment will be the largest in future?
Answer: Lucintel forecasts that 20L is expected to witness the higher growth over the forecast period.
Q6. In plastic keg market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the plastic keg market by type (20L, 30L, and others), application (beer, cider, and other drinks), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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