Nordic Plastic Bottles Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 120.86 Million |
| Market Size (2029) | USD 151.11 Million |
| CAGR (2024 - 2029) | 4.57 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Nordic Plastic Bottles Market Analysis
The Nordic Plastic Bottles Market size is estimated at USD 120.86 million in 2024, and is expected to reach USD 151.11 million by 2029, growing at a CAGR of 4.57% during the forecast period (2024-2029). In terms of production volume, the market is expected to grow from 128.51 thousand tonnes in 2024 to 158.32 thousand tonnes by 2029, at a CAGR of 4.26% during the forecast period (2024-2029).
- The Nordic region, encompassing countries like Sweden, Denmark, Norway, and Finland, has a well-established plastic bottle market driven by its dynamic consumer goods and beverage sectors. Plastic bottles serve as the primary packaging for a range of products, including soft drinks, water, dairy items, and personal care products. Driven by a consumer preference for convenience and portability, plastic bottles have gained popularity due to their lightweight nature, durability, and cost-effectiveness. Furthermore, the region's elevated living standards and heightened environmental consciousness amplify the demand for premium and sustainable packaging solutions.
- In the Nordic region, the rising popularity of plastic bottles can be attributed to the diverse materials used, each selected for its unique properties tailored to specific packaging requirements. Polyethylene terephthalate (PET) stands out as the predominant choice due to its strength, lightweight nature, and clarity, making it the go-to for beverages such as water and soft drinks. High-density polyethylene (HDPE) is closely followed and is renowned for its durability and chemical resistance, making it ideal for packaging milk, detergents, and personal care products. Additionally, polypropylene (PP) is favored for its heat resistance in hot-fill bottles, and polyvinyl chloride (PVC) is lauded for its versatility in packaging household and industrial items.
- With escalating environmental concerns, there's a pronounced shift toward utilizing recycled materials, especially rPET, to mitigate the ecological footprint of plastic bottle production and disposal. In response to these concerns, governments and regulatory bodies across the Nordic countries have enacted stringent policies aimed at promoting recycling and curbing single-use plastics. Denmark and Sweden have instituted well-established deposit return systems (DRS) for plastic bottles, leading to marked increases in recycling rates and a notable decline in plastic pollution. Such initiatives bolster the demand for recyclable plastic bottles and incentivize manufacturers to pioneer and adopt more sustainable packaging solutions.
- The 2022 Ordinance on Producer Responsibility for Packaging in Sweden mandates that all PET bottles introduced to the market must contain a minimum of 25% recycled plastic, a figure set to rise to 30% by 2030. However, this stipulation excludes bottles exceeding three liters in volume and those designated for specific medical purposes. This ordinance represents a significant step toward reducing the environmental impact of plastic packaging and encourages the development of innovative recycling technologies.
Nordic Plastic Bottles Market Trends
Growing Demand From Food And Beverage Sector
- The Nordic food and beverage sector is rapidly innovating, introducing offerings like functional beverages, plant-based drinks, and ready-to-drink (RTD) cocktails, all necessitating effective packaging. Plastic bottles, known for their design versatility and ability to preserve product quality, have emerged as the preferred packaging choice for many of these new beverage types. Furthermore, the sector's emphasis on product differentiation and brand recognition has spurred a heightened demand for customized plastic bottles, fueling the market's growth.
- The rise of e-commerce in the Nordic region has significantly influenced the plastic bottles market. As consumers increasingly shop online for their food and beverage needs, there's a growing demand for reliable, lightweight, and durable packaging solutions. Plastic bottles are favored in e-commerce for their resilience during transportation and capability to maintain product integrity, which is vital for ensuring a satisfactory consumer experience. This online shopping trend, combined with the emphasis on convenience and sustainability, continues to bolster the growth of the plastic bottle market in the Nordic food and beverage sector.
- Sustainability, a key focus in the Nordic countries, has also shaped the plastic bottles market. Despite the common criticisms of plastic's environmental impact, the Nordic food and beverage industry is increasingly turning to recycled plastics and biodegradable alternatives. These sustainable plastic bottles resonate with the environmentally conscious consumers in the region, helping to counteract the negative perceptions of plastic packaging and ensuring its continued market presence. Moreover, the sustainability drive has catalyzed innovations in eco-friendly packaging materials and designs, further energizing the plastic bottle market.
- According to Statistics Denmark, From January to July 2023, Denmark saw fluctuations in the consumer price index (CPI) for mineral and spring waters. By July 2023, the CPI for these waters stood at 100.7, with 2015 as the baseline set at 100. The CPI increase can be attributed to rising production costs and heightened consumer demand. These fluctuations in the CPI are closely tied to the evolving landscape of plastic bottles in Denmark. Innovations in material and design are driving changes in the market. Manufacturers are increasingly adopting sustainable materials and advanced designs to meet consumer demand and regulatory requirements. These advancements impact the pricing and reflect broader trends in the packaging industry. The increased sales of mineral water bottles significantly influence the plastic water bottles market, pushing manufacturers to innovate further.
Sweden is Anticipated to Witness Significant Growth
- • The Swedish plastic bottles market is witnessing consistent growth, primarily fueled by a robust beverage industry and a rising consumer preference for convenience. The popularity of bottled water, soft drinks, and ready-to-drink beverages plays a pivotal role in bolstering the market. Furthermore, Sweden's focus on sustainability is reshaping the landscape, which is evident in the increasing adoption of recycled plastics and eco-friendly packaging. The nation's established recycling framework, highlighted by deposit return schemes for plastic bottles, not only champions the circular economy but also promotes the responsible use of plastic bottles, aiming to reduce environmental repercussions. This blend of consumer trends and sustainability efforts firmly establishes Sweden as a dominant force in the Nordic plastic bottle market.
- • Statistics Sweden reported in September 2023 that food and beverage sales in 2022 hit SEK 356 billion (USD 34.89 billion). This represented a rise of about SEK 22 billion (USD 2.16 billion), which is 6.6%, from 2021. Consequently, the market for plastic water bottles saw a significant increase, contributing to the overall growth in the packaging sector. This surge in plastic water bottle sales reflects changing consumer preferences and increased demand for convenient, on-the-go hydration options.
- • Systembolaget, commonly referred to as "systemet" or "bolaget," operates as a government-owned chain of liquor stores in Sweden. In Q2 2023, Systembolaget recorded sales of non-alcoholic beverages totaling 1,041 thousand liters. Sales of these non-alcoholic drinks vary with the seasons. The surge in non-alcoholic drink sales has spurred a heightened demand for plastic bottles, attributed to their lightweight nature and convenience for on-the-go consumption.
- In March 2023, Swedish Plastic Recycling teamed up with ICA to collect and sort household plastic waste. Their goal is to produce bottles made of 95% recycled plastic for the Skona detergent brand. Swedish consumers are expected to dispose of their household waste correctly. Once sorted at Swedish Plastic Recycling’s upcoming Site Zero facility, Aage Vestergaard Larsen A/S (AVL) will wash and granulate the material. Subsequently, ICA and Nopa Nordic will manufacture the detergent bottle. This new bottle aligns with proposed revisions to the Packaging and Packaging Waste Directive, mandating that all plastic packaging in the European market must incorporate recycled material by 2030.
- This initiative also connects to the broader effort to reduce plastic waste from water bottles. By increasing the use of recycled materials in detergent bottles, the project sets a precedent for other sectors, including the bottled water industry, to follow suit. The collaboration aims to create a circular economy where plastic waste is continuously reused, thus reducing environmental impact and promoting sustainability.
Nordic Plastic Bottles Industry Overview
The market studied is fragmented, with some significant players such as Berry Global Inc., Pharma-Tech AS, Novapck AS, Europak Oy, and Berlin Packaging Denmark AS. These companies increase their market shares by launching new products and forming partnerships and mergers. Some of the recent developments are:
- July 2023: Berry Global, a leading plastic packaging manufacturer, developed a new bottle made entirely from 100% recycled polyethylene terephthalate (rPET) for NEUE Water, a luxury water brand in Europe. Tailored for NEUE's artesian mineral water, this durable bottle is designed for multiple refills and uses. Its flat shape and ergonomic design ensure it easily fits into pockets and handbags, and being fully recyclable, it aligns with eco-friendly standards.
- February 2023: Berry Global Healthcare launched a versatile solution to assist clients in tapping into the surging demand for child-resistant (CRC) and tamper-evident (TE) packaging in the pharmaceutical and herbal markets, specifically for syrups and liquid medicines. This innovative bundle from Berry Healthcare boasts seven distinct ranges of 28mm neck PET bottles, available in sizes ranging from 20ml to 1,000ml. Accompanied by eight closures, each designed with tamper-evident and child-resistant features, customers have the flexibility to choose their preferred bottle, compatible closure, liners, and dosing cups tailored to their specific application and capacity needs.
Nordic Plastic Bottles Market Leaders
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Berry Global Inc.
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Europak Oy
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Pharma-Tech A/S
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Novapck A/S
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Berlin Packaging Denmark A/S
*Disclaimer: Major Players sorted in no particular order
Nordic Plastic Bottles Market News
- June 2024: Plast Nordic forged a strategic partnership with Norner, a polymer industry expert boasting over 40 years of experience. Norner, located in Porsgrunn, Norway, operates state-of-the-art laboratories, polymerization units, and industrial-scale process pilot plants. After years of discussions, Plast Nordic and Norner have formalized their collaboration. Their partnership, framed through a Memorandum of Understanding (MOU), delineates a strategy for achieving Plast Nordic's strategic and commercial goals. A joint press release highlighted that the Nordic region grapples with over 400,000 tons of PET waste. However, with their innovative industrial solution, they can chemically recycle about 97% of this waste back into its original raw materials.
- May 2024: Petainer partnered with Saturnus to provide PET packaging solutions to spirit producers in the Nordic and beyond. Petainer's PET spirit bottles are available in three primary sizes preferred by producers: 350 ml, 500 ml, and 700 ml. PET packaging offers numerous advantages for spirits. Recently, Petainer established a new line for PET bottles, enabling brands to save on equipment investments while leveraging Saturnus's expertise in PET filling.
Nordic Plastic Bottles Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Consumers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitute Products
4.2.5 Intensity of Competitive Rivalry
4.3 Industry Value Chain Analysis
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Increasing Adoption of Lightweight Packaging Methods
5.1.2 Changing Demographic and Lifestyle Factors
5.2 Market Challenges
5.2.1 Raw Material Price Volatility Hampers Market Growth
5.3 Trade Scenario
5.3.1 EXIM Data
5.3.2 Trade Analysis (Top 5 Import-Export Countries, Price Analysis, and Key Ports, Among others)
5.4 Trade Analysis (Top 5 Import-Export Countries, Price Analysis, and Key Ports, Among others)
5.5 Industry Regulation, Policy and Standards
5.6 Technology Landscape
5.7 Pricing Trend Analysis
5.7.1 Plastic Resins (Current Pricing and Historic Trends)
6. MARKET SEGMENTATION
6.1 By Resin
6.1.1 Polyethylene (PE)
6.1.2 Polyethylene Terephthalate (PET)
6.1.3 Polypropylene (PP)
6.1.4 Other Resin type (Polystyrene, PVC, Polycarbonate, etc.)
6.2 By End-use Industries
6.2.1 Food
6.2.2 Beverage**
6.2.2.1 Bottled Water
6.2.2.2 Carbonated Soft Drinks
6.2.2.3 Alcoholic Beverages
6.2.2.4 Juices & Energy Drinks
6.2.2.5 Other Beverages
6.2.3 Pharmaceuticals
6.2.4 Personal Care & Toiletries
6.2.5 Industrial
6.2.6 Household Chemicals
6.2.7 Paints & Coatings
6.2.8 Other End-use Industries
6.3 By Country
6.3.1 Sweden
6.3.2 Denmark
6.3.3 Norway
6.3.4 Finland
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles*
7.1.1 Berry Global Inc.
7.1.2 Nordic Pack
7.1.3 Europak Oy
7.1.4 Graham Packaging Company Oy
7.1.5 Pharma-Tech A/S
7.1.6 Novapck A/S
7.1.7 Nolato AB
7.1.8 Berlin Packaging Denmark A/S
7.1.9 Embaco A/S
7.1.10 Promens Oy
7.2 Heat Map Analysis
7.3 Competitor Analysis - Emerging vs. Established Players
8. RECYCLING & SUSTAINABILITY LANDSCAPE
9. FUTURE OF THE MARKET
Nordic Plastic Bottles Industry Segmentation
The scope of the study characterizes the plastic bottle market based on the raw materials of the product, including PP, PE, PET, and other raw materials used across various end-user industries, such as food, pharmaceuticals, beverages, cosmetics, and toiletries, across various countries. The research also examines underlying growth influencers and significant industry vendors, all of which help to support market estimates and growth rates throughout the anticipated period. The market estimates and projections are based on the base year factors and arrived at top-down and bottom-up approaches.
The Nordic plastic bottles market is segmented by resin (polyethylene (PE), polyethylene terephthalate (PET), polypropylene (PP), and other resin types), by end-use industries (food, beverage (bottled water, carbonated soft drinks, alcoholic beverages, juices and energy drinks and other beverages), pharmaceuticals, personal care and toiletries, household chemicals, paints and coatings, and other end-use industries) and by country (Sweden, Denmark, Norway, and Finland). The market sizing and forecasts are provided in terms of value (USD) and volume (tonnes) for all the above segments.
| By Resin | |
| Polyethylene (PE) | |
| Polyethylene Terephthalate (PET) | |
| Polypropylene (PP) | |
| Other Resin type (Polystyrene, PVC, Polycarbonate, etc.) |
| By End-use Industries | |||||||
| Food | |||||||
| |||||||
| Pharmaceuticals | |||||||
| Personal Care & Toiletries | |||||||
| Industrial | |||||||
| Household Chemicals | |||||||
| Paints & Coatings | |||||||
| Other End-use Industries |
| By Country | |
| Sweden | |
| Denmark | |
| Norway | |
| Finland |
Nordic Plastic Bottles Market Research FAQs
How big is the Nordic Plastic Bottles Market?
The Nordic Plastic Bottles Market size is expected to reach USD 120.86 million in 2024 and grow at a CAGR of 4.57% to reach USD 151.11 million by 2029.
What is the current Nordic Plastic Bottles Market size?
In 2024, the Nordic Plastic Bottles Market size is expected to reach USD 120.86 million.
Who are the key players in Nordic Plastic Bottles Market?
Berry Global Inc., Europak Oy, Pharma-Tech A/S, Novapck A/S and Berlin Packaging Denmark A/S are the major companies operating in the Nordic Plastic Bottles Market.
What years does this Nordic Plastic Bottles Market cover, and what was the market size in 2023?
In 2023, the Nordic Plastic Bottles Market size was estimated at USD 115.34 million. The report covers the Nordic Plastic Bottles Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Nordic Plastic Bottles Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Nordic Plastic Bottles Industry Report
Statistics for the 2024 Nordic Plastic Bottles market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Nordic Plastic Bottles analysis includes a market forecast outlook for 2024 to (2024to2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
