Nordic Plastic Packaging Films Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Volume (2024) | 1.67 Million tonnes |
| Market Volume (2029) | 1.87 Million tonnes |
| CAGR (2024 - 2029) | 2.29 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Nordic Plastic Packaging Films Market Analysis
The Nordic Plastic Packaging Films Market size is estimated at 1.67 Million tonnes in 2024, and is expected to reach 1.87 Million tonnes by 2029, growing at a CAGR of 2.29% during the forecast period (2024-2029).
- Gothenburg, Sweden's second-largest city, holds strategic significance. It serves as the nation's primary port for international shipping and stands as Scandinavia's largest port, bolstered by its expanding industrial base.
- Gothenburg’s status as the foremost port for international shipping facilitates efficient import and export activities. This enhances the logistics and distribution networks for plastic packaging films, making it easier for manufacturers to source raw materials and distribute finished products across the Nordic region and beyond.
- The implementation of the Extended Producer Responsibility (EPR) regulations in Denmark, starting January 1, 2025, as mandated by the EU Packaging Directive, will likely contribute to the growth of the Nordic plastic packaging film market.
- Producers will need to ensure that their packaging meets the new regulatory standards. This can drive demand for plastic packaging films that are designed to be more easily recyclable, have higher recycled content, or are otherwise environmentally friendly, boosting the market for such products.
- The increasing awareness of the environmental impact of plastic waste and stringent regulations aimed at reducing plastic pollution pose significant challenges. Compliance with regulations such as the EU's Single-Use Plastics Directive requires manufacturers to invest in sustainable materials and recycling processes, which can be costly.
Nordic Plastic Packaging Films Market Trends
Food Segment Occupies the Largest Market Share
- The awareness of the high climate impact of food consumption can lead to stronger sustainability initiatives within the food packaging industry. This could drive innovation in the development of eco-friendly and sustainable plastic packaging films, such as those incorporating recycled materials or biodegradable options.
- Companies in the Nordic region, known for their focus on sustainability, may invest more in research and development to meet these demands. According to the Nordic Council of Ministers, Denmark stands out for its food consumption and boasts some of the highest climate impacts worldwide. Specifically, its CO2 emissions exceed the global average by 45%, largely attributed to the nation's pronounced preference for animal-based foods.
- Furthermore, Higher food consumption rates directly translate to increased demand for packaging, including plastic packaging films. Animal-based foods often require more extensive packaging to maintain freshness, prevent contamination, and extend shelf life, thereby driving the market for plastic packaging films.
- An article released by the European Commission in March 2024 highlighted that Sweden's food product manufacturing industry witnessed a turnover of USD 21.33 billion in 2022, a notable increase from USD 18.08 billion in 2018.
- As food production and manufacturing grow, there will be a higher demand for packaging materials, including plastic packaging films. These films are essential for preserving food freshness, extending shelf life, and ensuring product safety during transportation and storage.
Sweden is Expected to Show Significant Growth
- Sweden's import-oriented market and the diverse distribution and sales methods available for American exporters can positively impact the Nordic plastic packaging films market. As Sweden imports a wide variety of goods, there is a substantial need for effective packaging solutions to protect and preserve these products during transportation and storage. This creates a robust demand for high-quality plastic packaging films, driving market growth.
- In November 2023, Sweden inaugurated the largest plastics sorting facility in the region, aiming to double its plastic packaging recycling capacity. The enhanced sorting facility will allow for a greater volume of plastic packaging to be recycled. This increased capacity can help meet the growing demand for recycled plastic materials, which is essential for producing sustainable plastic packaging films.
- Higher pharmaceutical sales translate to an increased volume of products that need packaging. Pharmaceuticals require specialized packaging to ensure product integrity, safety, and compliance with regulatory standards. This leads to a higher demand for plastic packaging films designed for the pharmaceutical industry.
- According to an article published in October 2023 by the OECD, Pharmaceutical sales in Sweden have increased since 2016, when the sales value amounted to around USD 3.99 billion, and reached the highest value in 2022, when pharmaceuticals were sold worth nearly USD 5.44 billion.
Nordic Plastic Packaging Films Industry Overview
The plastic packaging films market in Nordic is consolidated, with a few major players such as Berry Global Inc., Trioworld Industrier AB, Alfapac AB, Doxa Plastics, and TUB-EX ApS occupying most of the market share. Several companies in the Nordic are forging alliances and engaging in mergers to bolster their market presence.
- March 2024: Berry Global’s flexibles division has increased its recycling capacity at three of its European facilities. This initiative addresses the rising need for top-tier films crafted from recycled materials by tapping into the company's worldwide network for recycled plastic.
- February 2024: Berry Global, a prominent player in manufacturing sustainable packaging solutions, has launched its latest initiative: the "Circular Innovation and Training Center." Spanning 12,000 square feet, this center is poised to fast-track the creation of pioneering products underpinned by advanced materials science and engineering. It's a hub for training and collaborative space, nurturing avant-garde stretch film projects that champion material reuse and environmental preservation.
- November 2023: Berry Global introduced an upgraded iteration of its Omni Xtra polyethylene cling film, tailored for fresh food applications. This new version serves as a high-performance substitute for conventional polyvinyl chloride (PVC) cling films. While the original Omni Xtra was well-received for packaging fruits, vegetables, meats, poultry, deli, and bakery items, the enhanced Omni Xtra+ boasts superior elasticity, consistent stretching, and heightened impact resistance.
Nordic Plastic Packaging Films Market Leaders
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Berry Global Inc.
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Trioworld Industrier AB
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Alfapac AB
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Doxa Plastics
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TUB-EX ApS
*Disclaimer: Major Players sorted in no particular order
Nordic Plastic Packaging Films Market News
- June 2024: Plast Nordic collaborated with Norner, a polymer industry expert boasting over 40 years of experience. Norner, headquartered in Porsgrunn, Norway, houses laboratories, polymerization units, and large-scale process pilot plants. After years of dialogue, Plast Nordic and Norner are now solidifying their relationship through a formal strategic partnership.
- June 2023: Rohm has finalized the sale and purchase agreement to acquire Functional Forms, SABIC's polycarbonate-based films and sheet division. Functional Forms markets its premium polycarbonate products predominantly under the renowned brand LEXAN.
- January 2023: Nordic Plast, a key player in polyethylene and polypropylene recycling in the Baltics, is part of Eco Baltia, the region's primary environmental and waste management conglomerate. The INVL Baltic Sea Growth Fund backed the EUR 2.8 million (USD 3.03 million) investment in a sorting line. This new line, characterized by automation, offers precise pre-sorting and material purification. As a result, Nordic Plast anticipates a notable 30% surge in its recycling capabilities, alongside enhanced production quality and efficiency.
Nordic Plastic Packaging Films Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumption 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 Buyers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitutes
4.2.5 Intensity of Competitive Rivalry
4.3 Industry Value Chain Analysis
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Rising Environmental Consciousness Fuels Embrace of Extended Producer Responsibility (EPR)
5.2 Market Restraints
5.2.1 Raw Material Price Volatility Hampers Market Expansion
6. MARKET SEGMENTATION
6.1 By Type
6.1.1 Polypropylene (Biaxially Oriented Polypropylene (BOPP) and Cast polypropylene (CPP))
6.1.2 Polyethylene (Low-Density Polyethylene (LDPE) and Linear Low-density Polyethylene (LLDPE))
6.1.3 Polyethylene Terephthalate (Biaxially Oriented Polyethylene Terephthalate (BOPET))
6.1.4 Polystyrene
6.1.5 Bio-Based
6.1.6 PVC, EVOH, PETG, and Other Film Types
6.2 By End-user Industry
6.2.1 Food
6.2.1.1 Candy & Confectionery
6.2.1.2 Frozen Foods
6.2.1.3 Fresh Produce
6.2.1.4 Dairy Products
6.2.1.5 Dry Foods
6.2.1.6 Meat, Poultry, and Seafood
6.2.1.7 Pet Food
6.2.1.8 Other Food (Seasonings & Spices, Spreadables, Sauces, Condiments, etc.)
6.2.2 Healthcare
6.2.3 Personal Care & Home Care
6.2.4 Industrial Packaging
6.2.5 Other End-user Industries (Agricultural, Chemical, etc.)
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 Trioworld Industrier AB
7.1.3 Alfapac AB
7.1.4 Doxa Plastics
7.1.5 TUB-EX ApS
7.1.6 Pyroll Pakkaukset Group Oy
7.1.7 Amerplast Ltd
8. RECYCLING & SUSTAINABILITY LANDSCAPE
9. FUTURE OUTLOOK OF THE MARKET
Nordic Plastic Packaging Films Industry Segmentation
Plastic film packaging refers to various thin plastic materials that wrap or protect products. These films are commonly used in the food, beverage, pharmaceutical, and other industries. The report tracks the demand for converted packaging films across major resin and application types. This encompasses a range of materials and uses, reflecting the market's varied requirements and the evolving preferences of consumers and businesses.
The Nordic Plastic Packaging Films Market is Segmented by Type (Polypropylene (Biaxially Oriented Polypropylene (BOPP) and Cast Polypropylene (CPP)), Polyethylene (Low-Density Polyethylene (LDPE) and Linear Low-Density Polyethylene (LLDPE)), Polyethylene Terephthalate (Biaxially Oriented Polyethylene Terephthalate (BOPET)), Polystyrene, Bio-Based, and PVC, EVOH, PETG, and Other Film Types), End-user Industry (Food [Candy & Confectionery, Frozen Foods, Fresh Produce, Dairy Products, Dry Foods, Meat, Poultry, and Seafood, Pet Food, and Other Food Products (Seasonings & Spices, Spreadable, Sauces, Condiments, Etc.]), Healthcare, Personal Care & Home Care, Industrial Packaging, Other End-user Industries [Agricultural, Chemical, etc.]) and Country (Sweden, Denmark, Norway, and Finland). The report offers market forecasts and size in volume (tonnes) for all the above segments.
| By Type | |
| Polypropylene (Biaxially Oriented Polypropylene (BOPP) and Cast polypropylene (CPP)) | |
| Polyethylene (Low-Density Polyethylene (LDPE) and Linear Low-density Polyethylene (LLDPE)) | |
| Polyethylene Terephthalate (Biaxially Oriented Polyethylene Terephthalate (BOPET)) | |
| Polystyrene | |
| Bio-Based | |
| PVC, EVOH, PETG, and Other Film Types |
| By End-user Industry | ||||||||||
| ||||||||||
| Healthcare | ||||||||||
| Personal Care & Home Care | ||||||||||
| Industrial Packaging | ||||||||||
| Other End-user Industries (Agricultural, Chemical, etc.) |
| By Country | |
| Sweden | |
| Denmark | |
| Norway | |
| Finland |
Nordic Plastic Packaging Films Market Research FAQs
How big is the Nordic Plastic Packaging Films Market?
The Nordic Plastic Packaging Films Market size is expected to reach 1.67 million tonnes in 2024 and grow at a CAGR of 2.29% to reach 1.87 million tonnes by 2029.
What is the current Nordic Plastic Packaging Films Market size?
In 2024, the Nordic Plastic Packaging Films Market size is expected to reach 1.67 million tonnes.
Who are the key players in Nordic Plastic Packaging Films Market?
Berry Global Inc., Trioworld Industrier AB, Alfapac AB, Doxa Plastics and TUB-EX ApS are the major companies operating in the Nordic Plastic Packaging Films Market.
What years does this Nordic Plastic Packaging Films Market cover, and what was the market size in 2023?
In 2023, the Nordic Plastic Packaging Films Market size was estimated at 1.63 million tonnes. The report covers the Nordic Plastic Packaging Films Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Nordic Plastic Packaging Films Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Nordic Plastic Packaging Films Industry Report
Statistics for the 2024 Nordic Plastic Packaging Films market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Nordic Plastic Packaging Films analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
