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Daily Newsletter

24 August 2023

Daily Newsletter

24 August 2023

New Zealand’s Foley Wines pulls dividend to fund capex

The wine group invested over NZ$9m ($5.4m) in two of its main assets last year.

Henry Mathieu August 23 2023

One of Foley Wines‘ brands, Te Kairanga. Credit: Foley Wines/Facebook.

The wine group invested over NZ$9m ($5.4m) in two of its main assets last year.

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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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