Food & Agriculture [New] Can Packaging is projected to produce sales of approximately €23 million or $27 million in 2020 and provides sustainable paperboard packaging to a number of large consumer food brands distributed across Europe. [New] Conflict / insecurity, extreme weather events, desert locust, economic shocks and the COVID-19 pandemic are expected to be the key drivers of acute food insecurity. [New] The high prevalence of food insecurity is mainly associated with the direct and indirect effects of the COVID-19 pandemic, which are expected to curtail access to food, through both income losses associated with the economic slowdown and disruptions to the food supply chains. [New] Population growth, coupled with the expanding middle class, youth bulge, and changing diets could drive the value of the African food market to $1 trillion by 2030. [New] The number of acutely food insecure people in countries affected by conflict, natural disaster or economic crises is predicted to increase from 149 million pre-COVID - 19 to 270 million before the end of the year if assistance is not provided urgently. [New] If current trends did not improve, the Sustainable Development Goal 2 - eradicating world hunger, food insecurity, and all forms of malnutrition by 2030 - would be not be reached. [New] Africa will be unable to meet demand for meat and milk by 2050 and benefit from growth in the livestock sector unless countries adopt new policies and innovations. [New] Current global fungicides market is valued at US$ 18.7 billion and projected to grow to US$ 24.5 billion by 2025 amid increased demand for food security by growing populations, advances in farming practices and techniques, and changing climate conditions that lead to disease. The impact of COVID-19 pandemic will have a visible impact on the plant based food and beverage market in the year 2020. Jordan projects the price of pet-food-grade MDC to level off through the end of 2020, then rise again the first half of 2021 but end that year below the level expected for the last several months of 2020. An additional 1.2 million people in the largely government-held south of Yemen will be acutely food insecure by the end of the year. Transforming food and land use systems could create new business opportunities worth up to $4.5 trillion a year by 2030. New investment of $350 billion a year in sustainable food and land use systems could create as many as 120 million new jobs and unlock up to $4.5 trillion in new business opportunities by 2030. With numerous reports of increasing malnutrition and food insecurity, the closure of the border crossings is raising legitimate concerns of severe food insecurity as the World Food Programme (WFP) warns of a possible famine in Syria. The worst locust infestation in more than 25 years is threatening food security and livelihoods in Africa and South Asia and could further affect fertilizer use by destroying large swaths of crops. Meat consumption per capita across Africa is expected to increase from 19 kg a year to 26 kg a year by 2050 while demand for milk is likely to increase from 44 kg per person per year to 64 kg. Look for food waste, including new ways food companies and entrepreneurs can turn it into cash, to be one of the leading issues the industry and food companies will need to address in 2020. California's 2020 almond production is forecast at 3.00 billion meat pounds, unchanged from May's subjective forecast and 18% higher than last year's crop: Production for the Nonpareil variety is forecast at 1.30 billion meat pounds, up 24% over last year's deliveries. Some migrant workers from neighboring Myanmar and Cambodia are stuck with no wages from their jobs as hotel cleaners, kitchen hands and food stall operators, and the Thai tourism and sports ministry estimates that 60% of hospitality businesses could close by the end of the year. Around 270 million people around the world will face acute food insecurity by the end of 2020, a doubling of the approximately 130 million who suffered severe food shortages last year. Widely described as the world's worst humanitarian crisis, fears that COVID-19 has already gained a strong foothold in Yemen have been compounded by a potential famine alert from the World Food Programme (WFP), as some 10 million people face acute food shortages. See full forecast Last updated: 09 August 2020 Hi, Would you like a quick online demo of our service from an experienced member of our team? Yes No
