The 17th International Beverage & Brewing Processing & Packaging Technology Exhibition
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. China alone will push one third of this increase thanks to its massive population. Other promising markets include India, Indonesia, Pakistan, Vietnam and Thailand. Compared to the global beverage market, Thailand’s growth rate of 4.9% is seen as considerably high over the past five years. The soft drink market alone was estimated at USD 7,724 million (THB 270,350 million) in 2016 and has an anticipated CAGR of 3.9% until 2021. The highest growth rate is in the bottled water sector, followed by concentrates and juices respectively.
DrinkTechAsia, a dedicated zone serving the burgeoning drinks industry at this year’s ProPak Asia hosts a number of international participants reflecting the growing trends in countires such as Australia, China, France, Germany, Italy, Japan, Korea, Singapore & USA.
Beverage industry players can look for keys to their success at this year’s 17th DrinkTechAsia – held from 13 to 16 June at Bitec Bangna. Meet several global companies who will showcase the latest production and packaging technology, as well as new services at this must-attend exhibition. DrinkTechAsia will provide both new and repeat visitors with useful information and tools to meet every solution you need to ensure your business stays at the top of its game.