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Daily Newsletter

24 August 2023

Daily Newsletter

24 August 2023

Cierto Tequila owner Elevated Spirits prepares for funding and M&A

“We have aspirations to be in several luxury markets outside of the US in 2024,” newly-appointed Elevated Spirits CEO Ami-Lynn Bakshi said.

Conor Reynolds August 22 2023

Credit: Cierto Tequila

Investors reacted positively to Treasury Wine Estates’ plan to “rebalance” its US supply chain aimed at “accelerating the improvement of future returns”.

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Flavored alcoholic beverages forecasted to register the fastest growth within the alcoholic beverages packaging industry

The global alcoholic beverages packaging industry has grown to 445.4 billion units in 2022, with volumes forecasted to grow at a CAGR of ~2% by 2027. The Asia-Pacific represented the largest region in 2022, followed by the Americas. Glass was the most used pack material globally, followed by rigid metal and rigid plastics. Volume-wise, the industry was led by the beer & cider sector in 2022, while the flavored alcoholic beverages sector is forecast to register the fastest growth at a CAGR of 6.1% during 2022–27, followed by spirits and wine.

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