Puncheon Barrel Market Overview
Puncheon barrel market is a cylindrical container used for the storage of wine, spirit, and liquor. It is manufactured from split oak wood logs or heavy log timbers. It is used as a fermentation vessel for a smaller volume of selected grapes or cultivars. A standard puncheon barrel has 500 Liters liquid storage capacity. However, this standard varies from country to country.
The use of an oak wood puncheon barrel eliminates the use of additional wood plates for color stabilization of red wines which saves the additional cost for wine production. The puncheon barrel is a cost-effective and hygienic approach for the storage of liquid. Moreover, it is made up of eco-friendly and recyclable material. Owing to these benefits, the market of the puncheon barrel is expected to grow rapidly in the next ten years.
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Puncheon Barrel Market: Dynamics
The puncheon barrel is a medium-sized vessel and is designed to replace a bigger barrel. Puncheon barrel requires less attention and no need forklift for shifting of barrels compared to the bigger barrel. Damaged puncheon barrel material is easily converted into pulp that can be used for another application.
This drives the market of puncheon barrel across various regions. Besides this, quick fermentation of grapes, with the high maintenance of aroma and quality of wine acts as a fueling factor for the growth of puncheon barrels. The market of puncheon barrels is increasing on the back of the expansion of wine and liquor manufacturing industries. With the increasing consumption of wine, the demand of a puncheon barrel is expected to increase during the forecast period.
In spite of the positive lookout, the growth of the puncheon barrel market might hamper because of the availability of alternate liquid storage medium. Puncheon barrel has medium storage capacity. The end-user might switch to firkin, quarter and others because of less lifting efforts. It is witnessed that the demand for a puncheon barrel is less in the Californian market.
Puncheon Barrel Market: Regional Overview
On the basis of production and demand of puncheon barrels, the analysis of the puncheon barrels market has been segmented into seven key regions such as Europe, Latin America, North America, East, and South Asia, Oceania and the Middle East and Africa.
With the increasing wine consumption in developed countries namely the U.S., France, and the U.K. countries are expected to have prominent market share in the global puncheon barrels market during the forecast period. Furthermore, the market of puncheon barrel is expected to increase at significant growth rates in developing countries like China, India, and Mexico.
The increasing awareness about hygienic storages of wine is boosting the market growth in these countries. Attributing to increasing disposable income of consumers in the Middle East and Africa, the demand for a puncheon barrel is expected to grow exponentially in the next decade.
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Puncheon Barrel Market: Key Players
The key players of global puncheon barrel market are World Cooperage, Damy Cooperage, Tonnellerie Radoux, Canton Cooperage, LLC, StaVin Inc, Nadalie USA., The Oak Cooperage East Coast Wood Barrels Corp, A.P. John Cooperage, Billon Cooperage, Kelvin Cooperage, Tonnellerie de l’Adour, Seguin Moreau Napa Cooperage, Independent Stave Company, The Barrel Mill, Bouchard Cooperages, and many others. Besides this, many local and unorganized players are expected to enter into the puncheon barrel market for significant growth opportunities during the forecast period.
The puncheon barrel market 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, macroeconomic 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.
The report covers exhaustive analysis on
- Market Segments
- Market Dynamics
- Historical Actual Market Size, 2014 – 2018
- Market Size & Forecast 2019 to 2029
- Market Current Trends/Issues/Challenges
- Competition & Companies involved
- Market Drivers and Restraints
Regional analysis includes
- North America
- Latin America
- Western Europe
- Eastern Europe
- East Asia
- South Asia
- Middle East & Africa (MEA)
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Puncheon Barrel Market: Segmentation
The global market of Puncheon Barrel has been categorized on the basis of material, capacity, toast level, hoops and end use as follows:
On the basis of material, the global market has been segmented as:
- French Oak
- American Oak
On the basis of capacity, the global market has been segmented as:
- Less than 200 Liters
- 201 to 300 Liters
- 301 to 400 Liters
- More than 400 Liters
On the basis of toast level, the global market has been segmented as:
- Light
- Medium
- Medium Plus
- Heavy
On the basis of hoops, the global market has been segmented as:
- Brass Hoops
- Copper Hoops
- Steel Hoops
On the basis of end use, the global market has been segmented as:
- Industrial
- Commercial
- Residential
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