Nordic Beverage Packaging Market To Reach $2.50 Billion By 2030

Nordic Beverage Packaging Market Growth & Trends

The Nordic beverage packaging market size is expected to reach USD 2.50 billion by 2030, registering a CAGR of 3.0% from 2024 to 2030, according to a new report by Grand View Research, Inc. Increasing demand for non-alcoholic beverages is one of the key factors driving the regional market.

Rapid recycling rate of end-of-life beverage packaging products in Nordic countries has been contributing to lower costs of raw material. The Nordic region recycles approximately 51.0% of its waste every year. This has been solely driven by governments in numerous countries aiming for ban on landfills. These countries follow a general deposit-based system, which involves a surcharge on any beverage product that is refunded at the time of bottle/can deposit. This has resulted in high return rate of end-of-life products that can be recycled.

Beverage bottles, made of both glass and polyethylene terephthalate (PET), are preferred principally for their elegance on shelves and for their ability to hold greater product quantities compared to other beverage packaging solutions such as cans and pouches. PET bottles have been extensively used in Nordic countries for bottling beverages in order to increase the shelf appeal of beverages.

The Sweden beverage packaging market dominated the market with a share of 29.1% in 2023. The market in this country is expected to witness stable growth over the forecast period owing to the rising number of microbreweries in the region. In addition, the government of Sweden has recognized potential sustainability gains associated with plastic recycling. This development is expected to lead to growth of the bioplastic segment over the forecast period.

 Request a free sample copy or view report summary: Nordic Beverage Packaging Market Report

Nordic Beverage Packaging Market Report Highlights

• Cartons accounted for the largest market revenue share of 27.2% in 2023 due to their sustainability and convenience. Jars are expected to register a CAGR of 3.3% during the forecast period.

• The conventional segment accounted for the largest market revenue share of 38.6% in 2023. The bioplastics segment is expected to register the fastest CAGR of 9.7% during the forecast period. 

• The non-alcoholics segment dominated the market and accounted for a share of 53.1% in 2023. The alcoholic segment is projected to grow at the fastest CAGR of 5.6% over the forecast period.

• The Iceland beverage packaging market is expected to grow rapidly in the coming years due to its growing tourism industry and increasing disposable incomes.

Nordic Beverage Packaging Market Segmentation

Grand View Research has segmented the Nordic Beverage Packaging market report based on product, material, end-use and country:

Nordic Beverage Packaging Product Outlook (Revenue, USD Million, 2018 - 2030)

• Cans

• Bottles

• Jars

• Pouches

• Cartons

• Others

Nordic Beverage Packaging Material Outlook (Revenue, USD Million, 2018 - 2030)

• Conventional Plastic

• Bioplastics

• Paper

• Glass

• Metal

• Others

Nordic Beverage Packaging End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Alcoholic

• Non-alcoholic

Nordic Beverage Packaging Country Outlook (Revenue, USD Million, 2018 - 2030)

• Norway

• Sweden

• Denmark

• Finland

• Iceland

List of Key Players in the Nordic Beverage Packaging Market

• Amcor plc

• Mondi

• Coveris

• Bemis Manufacturing Company

• Ball Corporation

• Tetra Pak

• Stora Enso

• Crown

• Reynolds Group Ltd.

• Saint-Gobain S.A.

• Sonoco Products Company

• ELOPAK

• Synvina

• Refresco Group

• Kulleborn & Stenström

• Alcoa Corporation

• BillerudKorsnäs AB

• NORNIR

• Altia Inc.

• Trensums Food AB