Sarasota, FL -- (SBWIRE) -- 02/12/2019 -- Global Nordic Beverage Packaging Market: Overview

The countries have been implementing general deposit system that is solely driven by governments of Nordic countries aiming for 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 lucrative market owing to biodegradable properties of their offerings. This has created lucrative growth avenues for beverage packaging market in Nordic

Global Nordic Beverage 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.

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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 flavor of the products. 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 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 Nordic region. Furthermore, increasing consumption of vegetable and fruit juices is supplementing the growth of the Nordic beverage packaging market.

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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 growing focus towards sustainable packaging solutions have been working in favor of the business in the region.

Global Nordic Beverage Packaging Market: Segmentation

The global 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.

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Global Nordic Beverage Packaging Market: Regional Analysis

Based on regions, the global Nordic beverage packaging market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. 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, 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.

Global Nordic Beverage Packaging Market: Competitive Players

The key players in the global Nordic beverage packaging market include 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, and Trensums Food AB.

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Global Nordic Beverage Packaging Market: Regional Segment Analysis

North America
The U.S.
Europe
The UK
France
Germany
The Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa

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