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  • Published In : Aug 2023
  • Code : CMI4808
  • Pages :134
  • Formats :
      Excel and PDF
  • Industry : Packaging

Market Size and Trends

Global reusable barrels market was valued at US$ 141.9 Mn in 2022, exhibiting a CAGR of 6.0% in terms of revenue, over the forecast period (2023 to 2030) to reach US$  226.7 Mn by 2030. A reusable barrel is a hollow cylindrical container originally built of wooden planks and held together with wooden or metal hoops. Reusable barrels were utilized in the wine industry in three ways, providing flavors like vanilla, clove, smoke, and coconut. Certain bourbon barrels that do not meet the standards of aging distilled spirits are further used for décor.

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