Nordic Beverages Packaging Market Size, Share, Analysis, Trends, Growth, 2032

Nordic Beverages Packaging Market Insights

According to a report from Zion Market Research, the global Nordic Beverages Packaging Market was valued at USD 2182.3 Million in 2023 and is projected to hit USD 2885.52 Million by 2032, with a compound annual growth rate (CAGR) of 2.8% during the forecast period 2024-2032. This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Nordic Beverages Packaging industry over the next decade.

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Nordic Beverages Packaging Market: Overview

The countries have been implementing general deposit system that is solely driven by governments of Nordic countries aiming for a ban on landfills. This has resulted in high end-of-life product return rates that can be recycled. The region also offers a huge opportunity for bioplastic packaging players to tap into a lucrative market owing to biodegradable properties of their offerings. This has created lucrative growth avenues for the beverage packaging market in Nordic

Nordic Beverages Packaging Market: Growth Factors

Escalating demand for beverage packaging, coupled with increasing demand for carbonated and fruits and vegetable juices, is anticipated to drive product demand over the forecast period.

Beverage packaging in the Nordic region is used in applications such as alcoholic and non-alcoholic beverages. Beverage manufacturers count on packaging solutions that aid in preventing leakage, chemical deterioration, and alteration in the flavor of the products. The packaging also plays an important role in improving shelf appeal. This, in turn, will drive Nordic beverage packaging market trends.

A few major players in the market have been undertaking the acquisition of small and medium-sized companies as their key growth strategy. The demand for non-alcoholic products in the region has been increasing consistently over the past few years. Spiraling demand for soft drinks has been positively impacting the overall demand for non-alcoholic beverages in the Nordic region. Furthermore, increasing consumption of vegetable and fruit juices is supplementing the growth of the Nordic beverage packaging market.

Consumers in the Nordic region prefer 100% pure fruit juices owing to increased awareness regarding ingredients used in juices. Technological advancements in packaging procedures coupled with a growing focus towards sustainable packaging solutions have been working in favor of the business in the region.

Nordic Beverages Packaging Market: Segmentation

The Nordic beverage packaging market can be classified based on product, material, and end-use.

On the basis of product, the market is sectored into Cans, Bottles & Jars, Pouches, and Cartons.

Based on the material, the market is classified into Plastic, Paper, Glass, and Metal. 

On the basis of end use, the market is divided into Alcoholic and Non-alcoholic applications.

Nordic Beverages Packaging Market: Report Scope

Nordic Beverages Packaging Market: Regional Analysis

Based on Nordics, the Nordic beverage packaging market can be divided into five main regions: Norway, Sweden, Finland, Denmark and Iceland.  Sweden is expected to dominate the region over the forecast period. Major factors driving the market in this country include considerable growth of both alcoholic and non-alcoholic beverage segments. Furthermore, the rising number of microbreweries in the country has positively impacted the growth of this market.

Iceland is expected to be the fastest-growing market during the forecast timeframe, owing to increasing demand for both alcoholic and non-alcoholic beverages across the country.

Nordic Beverages Packaging Market: Competitive Players

Some main participants of the Beverages Packaging market are

• Amcor Limited, Mondi Plc
• COVERIS, Bemis Company. Inc.
• Ball Corporation
• Tetra Laval International S.A.
• Stora Enso
• Crown Holdings, Inc.
• Reynolds Group Holdings Limited
• Saint-Gobain S.A.
• Sonoco Products Company
• ELOPAK
• Synvina
• Refresco Group
• Kulleborn & Stenström
• Alcoa Corporation
• BillerudKorsnäs AB
• Danish Bottling Company A/S
• Altia Plc
• Trensums Food AB.

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

Beverages Packaging Market: Regional Segment Analysis

• Norway
• Sweden
• Finland
• Denmark
• Iceland