Just Drinks

Daily Newsletter

04 September 2023

Daily Newsletter

PepsiCo added to Ukraine’s “sponsors of war” list

Ukraine reported that PepsiCo increased its revenues in Russia in the first year of the full-scale invasion.

Diageo must “right-size” its business after a period of over-investment, CEO Sir Dave Lewis has said after outlining plans to extract $1bn in savings from the company.

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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.