Digitization is advancing inexorably. In the beverage industry in particular, it holds great opportunities to master existing and upcoming challenges with the right digital solutions.
According to the Asian Development Bank, the Philippines is facing a severe recession this year as a result of the pandemic. Years of stable economic growth of around 6.4per cent up until 2017 have been followed by a 7.3 percent fall in GDP in 2020. But the country’s economy should be back on track next year. Here, we examine what the current economic situation, the tax on sugary drinks introduced in 2018 and the coronavirus pandemic mean for the Philippines drinks industry.
India is one of the largest producers and consumers of spirits globally. Popularly known as a whiskey market, India is one of the largest spirits markets on the basis of volume. Though it is driven primarily by whiskey growth, other subsegments like brandy, rum, vodka and gin have also been posting steady numbers in the last few years. The country’s huge population (1.3 billion strong), rising disposable income and changing lifestyle are expected to keep the spirits demand high for the foreseeable future.
It is not only sustainable production that is increasingly coming into focus within the beverage and food industry: especially among manufacturers of non-alcoholic beverages, the focus is increasingly on the sustainability potential of packaging.
Right now, in autumn 2020, under the effects of the COVID-19 pandemic, hygiene and health shape consumers’ perception and actions. However, sustainable products with resource-friendly production remain important to people, as well.
In 2019, the demand for non-alcoholic beverages fell by 5.8 percent per household, causing several market observers to hope for stabilization in 2020. The changes, however, to everyday life due to COVID-19 measures have also shaped developments in the beverage industry.
In the past few years, Australia’s beverage industry has seen a significant trend away from sugar-sweetened soft drinks. This downturn follows the worldwide demand for low- and no-sugar drink alternatives. This trend – as well as the current Covid-19 pandemic – has a massive impact on the country’s PET use.
PET bottles have their advantages. They are nearly indestructible and light as a feather. However, they draw clear criticism due to their excessive use of resources and the pollution caused when they are carelessly thrown away. Specifically, when it comes to resource conservation, the EU is demanding the increased use of recycled PET (rPET). By 2025, all PET bottles are to be made up of at least 25% rPET. Leading companies in the industry are currently working on surpassing these EU regulations with new solutions to develop even more sustainable PET containers.
About 4 billion people experience severe water shortages at least once a month every year and more than 2 billion people have no access to drinking water. At the same time, global water consumption is rising and forcing the brewing, beverage and liquid food industry to practice sustainable water management.