Global Food and Beverage Processing Trends Report 2018 - ResearchAndMarkets.com
Aug. 21, 2018
DUBLIN--(BUSINESS WIRE)--Aug 21, 2018--The "2018 Global Trends Food and Beverage Processing" report has been added to ResearchAndMarkets.com's offering.
The main market drivers affecting food and beverage processing machinery include the performance of the economy and demographic factors, such as population growth and increasing levels of disposable income, which boost demand.
Total production of food and beverage processing machinery was worth $4.9 billion in 2016, growing 3.6% from 2015.
Over recent years, attention has grown to reducing the depletion of natural resources, such as water, non-renewable energy sources, and rainforests. Leading corporations have been increasingly expected to drive environmentally friendly solutions throughout their operations. In addition to heightened corporate social responsibility, tighter regulations and heavier taxes related to the protection of the environment have been introduced and are driving investment in solutions that optimize the use of resources and minimize damage to the environment.
Corporations also benefit from such solutions through reduced costs, for example by minimizing waste and saving energy. The demand for sustainable solutions has influenced the development of new machinery; increased focus on the environment coupled with tighter profit margins throughout the supply chain has meant that optimizing processes is as important as ever.
A major factor affecting the growth in demand for food and beverage processing machinery is the global economic outlook.
Order backlogs were surprisingly low for 2016 at $859 million; this has been significantly impacted by the combination of economic and political uncertainty experienced in 2016 and subsequent dampening of capital investment spend.
Strongly linked to economic performance, demand for machinery has grown more slowly in recent years than in the years preceding the 2008 recession. Many potential risks remain to the global economy including possible changes in trade and security policies by the new US administration, the Trans-Pacific Partnership, Brexit, and increasing opposition to globalization of the electorates of the United States.
Key Topics Covered:
1.0 MARKET TRENDSGeneral Economic Trends Food & Beverage Processing Machinery Trends Product/Production Trends Manufacturer Trends
2.0 MARKET STATISTICSFood & Beverage Processing Machinery by Industry Bakery Machinery Beverage Machinery Confectionery Machinery Dairy Machinery Fruit & Vegetable Processing Machinery Grain Processing Machinery Meat & Poultry Machinery Seafood Machinery
3.0 INTRODUCTION, SCOPE & METHODOLOGY
For more information about this report visit https://www.researchandmarkets.com/research/b3qbn9/2018_global?w=4
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Related Topics:Food and Beverage,Food Processing
INDUSTRY KEYWORD: RETAIL FOOD/BEVERAGE
SOURCE: Research and Markets
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PUB: 08/21/2018 12:00 PM/DISC: 08/21/2018 12:01 PM