DRINK INDUSTRY CONTINUES MOVING FORWARD
Rapid urbanization and increasing disposable income of consumers are two factors leading the expansion of the beverage market, which is expected to reach USD 1.9 trillion in 2021 with a CAGR of 3.0%. Asia is seeing the highest growth rate in the global beverage market - dominating two-thirds of total forecasted market growth over the next three years.
From the beverage market figures above, we can see many opportunities awaiting drink manufacturers - which also means competitions will be higher to capture market share. Technology, packaging, and other solutions will become a success factors for drink producers as they look for ways to enhance their competitiveness and growth in this expanding market.
Beverage industry players can look for keys to their success at this year’s 18th DrinkTechAsia in ProPak Asia. Meet several global companies who will showcase the latest production and packaging technology, as well as new services at this must-attend exhibition.