Environmental and economic factors are having a significant impact on the global food and beverage processing market, according to the newly released Global Trends Influencing Food and Beverage Processing report and infographic from PMMI, The Association for Packaging and Processing Technologies.
On the environmental side, concerns include depletion of natural resources, tighter regulations and heavier taxes to protect the environment, as well as ways to minimize waste and save energy. Economic considerations include financial and political uncertainty, low-order backlogs, dampened capital investments and changes in trade and security policies.
In addition, changing consumer demands, pricing pressures and the need for product differentiation are driving the need for investing in new or upgrading old processing machinery. For full details, download the complete report.
With environmental and fiscal factors not changing any time soon, and the forecasted growth of the food and beverage processing machinery industry expected to expand from $5.3 billion in 2016 to $6.1 billion in 2021, now is the perfect time for ProFood Tech (March 26-28, 2019, McCormick Place, Chicago).
As the only processing trade show in North America that addresses all market sectors, ProFood Tech will welcome 7,000 professionals from all food and beverage processing markets. Produced by three of the world’s trade show leaders, PACK EXPO, Koelnmesse (organizer of Anuga) and the International Dairy Foods Association (IDFA), the three-day event showcases cutting-edge crossover technologies and innovative solutions from 400 exhibitors over 125,000 net-sq-ft of exhibit space.
ProFood Tech’s free educational program, the Knowledge Hub, produced by the IDFA, will offer a targeted range of learning experiences in three separate venues on the show floor. The program will address pressing business challenges with fresh ideas and strategies from respected leaders in the food and beverage industry, discussions on best practices and deep dives into consumer trends that are changing the food and beverage landscape.
- The Impact Zone will encourage interactive discussions and offer opportunities to learn from the experiences and successes of industry colleagues.
- The Innovation Zone will feature breakthrough technologies, ideas and formulations designed to spark creativity, help find solutions and uncover fresh opportunities.
- The Disruption Zone will deliver a line-up of sessions for professionals to learn more about implementing disruptive technologies to meet consumer demands.
Attend ProFood Tech to learn about the latest food and beverage processing technology trends. Registration is $30 until March 1 after which the price will increase to $100. Register online at www.profoodtech.com.