As the global drinks industry is showing positive signs of recovery, International Wines and Spirits Record (IWSR) forecasts it will grow in volume by 2.9% by the end of 2021. IWSR expects global beverage alcohol consumption to return to pre-Covid levels by 2023, steadily increasing through 2025.

They attribute the recovery to the resilience in key markets, the swift reaction of brand owners, the surgent performance of ecommerce and Read-to-Drink alcohol (RTDs), and the progress of at-home drinking.

We’re happy to see positive forecast in the alcohol market and sincerely hope our customers in this industry go through these difficult times smoothly. Lykwell is always here to provide service and support for you.