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Daily Newsletter

17 November 2023

Daily Newsletter

17 November 2023

Duckhorn Portfolio scoops Brown-Forman US winery Sonoma-Cutrer

Brown-Forman will receive a 21.5% stake in the US wine group, gaining 31.5m shares of Duckhorn’s common stock.

Henry Mathieu November 17 2023

Credit: Sonoma-Cutrer / X.

Artificial intelligence (AI) continues to be adopted in the drinks industry, with many large and some smaller craft brewers looking to adopt the technology in an array of business areas.

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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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