Craft brewers sold $23.5 billion in 2016, according to the Brewers Association. That amounts to 21.9% of the $107 billion U.S. beer market. That's up from 19% last year – and continued growth from the 10% that craft brewers held in 2012.
Shifts in consumer lifestyles and the consequent demand for convenience products are contributing to a growing use of flexible packaging, replacing traditional formats, such as glass jars and metal cans, according to a report by Smithers Pira.
Americans are drinking more bottled water than any other packaged beverage – outselling carbonated soft drinks, by volume, for the first time in history, the International Bottled Water Association (IBWA) and the Beverage Marketing Corporation (BMC) announce.
Thanks to application of the Internet of Things (IoT), 72% of manufacturers saw increases in productivity and 69% saw improved profitability in the past year, according to The MPI Internet of Things Study, sponsored by BDO.
The most common strategy deployed by many water bottlers to meet sustainability initiatives has been to significantly lightweight their PET containers. However, a recent study found that oftentimes these bottles might meet consumer expectations for convenience and price, but may not minimize the carbon footprint.
Prime Advantage, a leading group purchasing organization for midsized manufacturers, announces the findings of its ninth edition of the CFO Survey, revealing the financial projections and top concerns of industrial manufacturing companies. The results show that optimism in manufacturing among the group's members is at its highest levels since the annual survey’s inception.
The distilled spirits sector achieved accelerated growth in 2016 with supplier sales up 4.5% to $25.2 billion, volumes up 2.4% to 220 million cases and a seventh straight year of market share gains relative to beer, the Distilled Spirits Council announces.