Nordic Beverage Packaging Market To Develop At A CAGR Of About 2.8% During 2024 – 2032

As per forecasters from Zion Market Research, the Nordic beverage packaging market is projected to drive at a CAGR of about 2.8% during 2024 – 2032. The projected market valuation in 2023 was nearly USD 2182.3 Million, which is likely to surge more than USD 2885.52 Million by 2032. The global beverage demand is attributed to the rising demand for non-alcoholic drinks and the increasing demand for beverage packaging. The beverage packaging industry helps in extending the shelf appeal of beverages by incorporating various cost-effective technologies to avoid leakage, alteration in flavor, and chemical deterioration.

The key contenders propelling the Nordic beverage packaging market are Bemis Company Inc., Crown Holdings, Inc., ELOPAK, Alcoa Corporation, Altia Plc, Mondi Plc, Tetra Laval International S.A., Saint-Gobain S.A., Refresco Group, Trensums Food AB, Amcor Limited, Ball Corporation, Reynolds Group Holdings Limited, Synvina, BillerudKorsnäs AB, Danish Bottling Company A/S, COVERIS, Sonoco Products Company, Stora Enso, and Kulleborn & Stenström.

Government-Introduced Surcharge Refund Scheme Significantly Propelling The Nordic Beverage Packaging Market

The beverage packaging sector is well-established in Nordic countries owing to the rapid recycling of the beverage packaging material in the region. The swift recycling rate has eventually led to a decrease in the market price of packaging raw material. Nordic region recycles nearly half of its collected waste every year. Despite dumping or landfilling the entire waste, these countries have implemented a deposit-based system, which involves a surcharge refund scheme on any beverage product, if a customer returns an empty beverage can/bottle. For the refund scheme, glass and PET (polyethylene terephthalate) bottles are generally preferred, as they can hold adequate beverage volumes as compared to other packaging solutions such as pouches and cans.

Among the bottle types, Nordic prefers PET bottles for beverage packaging as the material is cost-effective and the shelf appeal of beverages packaged in such bottles is extended. Apart from this, rising consumer awareness in the region has been propelling emphasis on incorporating different sustainable packaging solutions, which has significantly surged the Nordic beverage packaging market growth. On the contrary, the shortage or unavailability of raw materials in some remote locations within the region may impede the Nordic beverage packaging market.

The Nordic beverage packaging market is categorized based on the product, material, application, and region. Based on the product, the market is bifurcated into pouches, jars & bottles, cans, cartons, and others. By packaging material, the market is classified into glass, plastic, metal, paper, and others. The plastic segment in Nordic beverage packaging material is further categorized into conventional and bioplastics. By application, the material is divided into non-alcoholic and alcoholic.

By region, the Nordic beverage packaging market is divided into Sweden, Denmark, Iceland, Norway, and Finland. Of these, Sweden grabbed significant market share and attained the dominating position in 2017 owing to the substantial expansion of both non-alcoholic and alcoholic beverage segments in the country. The analysts have predicted that the region would probably hold the leading position throughout the forecast period.

Browse the full “Beverages Packaging Market Product Type (Cans, Bottles & Jars, Pouches, and Cartons), By Material (Plastic, Paper, Glass, and Metal) for Alcoholic and Non-alcoholic applications: Nordic Industry Perspective, Comprehensive Analysis and Forecast, 2024 – 2032.” Report at https://www.zionmarketresearch.com/report/nordic-beverage-packaging-market

The Nordic beverage packaging market is segmented as follows:

By Product:

• Pouches
• Bottles & Jars
• Cans
• Cartons
• Others

By Material:

• Glass
• Plastic
  • Conventional
  • Bioplastics
• Metal
• Paper
• Others

By Application:

• Non-alcoholic
• Alcoholic

By Region:

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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