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Beverage Industry to grow by 10.8% in 2019, says leading industry packaging solutions provider

Sidel, a leading global provider of complete PET packaging lines and solutions for the beverage industry said that Nigeria is expected to grow the beverage industry at an annual growth rate of 10.8 percent in 2019.

Speaking at a customer outreach event in Lagos on Tuesday, September 29, organized by the company for its customers in Nigeria and Ghana and tagged “Value Creation Day,” Dominique Martin, Regional Commercial Director for Africa, said that Nigeria’s market is currently at 27.2bn litres, with water leading future volume increase, with a compound Annual Growth Rate (CAGR) of 11.1 percent.