Plastic closures market in Sweden

Earlier Report Observations

The market for plastic closures in Sweden expanded significantly from 2018 to 2022, with the market size rising from 99.9 million US dollars to 171.7 million US dollars. The most notable increase occurred in 2020, when the market jumped by 36% to 136.0 million US dollars. After peaking in 2022, the market contracted by 10% in 2023 to 154.6 million US dollars.

In 2024, the market recovered to 173.6 million US dollars, a 12% growth from the previous year. This rebound coincided with the implementation of an EU directive banning single-use cups containing more than 15% plastic, which spurred demand for closures in alternative packaging solutions. Simultaneously, a heightened industry emphasis on sustainability and circular economy principles encouraged the development and adoption of more durable and functional plastic closures, contributing to the market's value growth.

Production plastic closures in Sweden

In value, 2017-2020, M $ US

Sweden's plastic closures production has grown for the third year in a row. In 2020, the output value reached 129.9 million US dollars, marking a significant increase of 46.0% compared to the previous year. From 2017 to 2020, production rose by 66.1%, with an average annual growth rate of 18.4%.

Annual dynamics of production in Sweden in value, 2017-2020, M $ US

In kind, 2017-2020, t

Sweden's plastic closures production has increased for the third consecutive year. In 2020, the country produced 32 225 tonnes of plastic closures, up 34.9% from 2019. Over the period from 2017 to 2020, production grew by 67.9%, with an average annual growth rate of 18.9%.

Annual dynamics of production in Sweden in kind, 2017-2020, t

Exports plastic closures from Sweden

Exports in kind, t

In 2020, Sweden's exports of plastic closures amounted to 13 427 tonnes, a 5.4% increase from the previous year. Between 2017 and 2020, exports rose by 10%, with an average annual growth rate of 3.2%. The largest decline occurred in 2019, at 1.7%, while the highest increase was in 2018, at 6.1%.

Annual dynamics of product's exports from Sweden in kind, 2017-2020, t

From 2017 to 2020, Norway, Finland, and Denmark were the main markets for Sweden's plastic closures exports in volume terms. Norway accounted for 32.1% of exports, Finland for 13.1%, and Denmark for 12.0%, together making up 57.2% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Sweden in kind, 2017-2020

Exports in value, K $ US

In 2020, Sweden's exports of plastic closures in value terms reached 79 716 thousand US dollars, showing a moderate increase of 5.8% compared to 2019. From 2017 to 2020, exports grew by 9.3%, with an average annual rate of 3.0%. The largest decline was in 2019, at 2.9%, while the highest increase was in 2018, at 6.4%.

Annual dynamics of product's exports from Sweden in value, 2017-2020, K $ US

Between 2017 and 2020, Norway, Germany, and Finland were the leading markets for Sweden's plastic closures exports in value terms. Norway represented 27.1% of exports, Germany and Finland each accounted for 13.4%, together comprising 53.8% of total export flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Sweden in value, 2017-2020

Imports plastic closures to Sweden

Imports in kind, t

Sweden's imports of plastic closures have declined for the second year in a row. In 2020, imports totaled 15 291 tonnes, a controlled decrease of 7.1% year-on-year. From 2017 to 2020, imports increased by 29%, with an average annual growth rate of 8.9%. The peak was in 2018 at 16 729 tonnes, which also saw the largest increase of 41.1%.

Annual dynamics of product's imports to Sweden in kind, 2017-2020, t

From 2017 to 2020, Sweden's imports of plastic closures in volume terms were balanced rather than concentrated. Germany accounted for 25.6% of imports, Finland for 9.9%, and Lithuania for 8.2%, together representing 43.7% of total flows, with many other countries making up the remaining 56.3%.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Sweden in kind, 2017-2020

Imports in value, K $ US

Sweden's imports of plastic closures have fallen for the second consecutive year. In 2020, imports amounted to 85 790 thousand US dollars, a slight decline of 0.8% compared to 2019. Over the period from 2017 to 2020, imports rose by 11.9%, with an average annual growth rate of 3.8%. The highest value was in 2018 at 93 236 thousand US dollars, which also saw the largest increase of 21.6%, while the largest decline was in 2019 at 7.2%.

Annual dynamics of product's imports to Sweden in value, 2017-2020, K $ US

Throughout 2017 to 2020, Sweden's imports of plastic closures in value terms were not heavily concentrated on a few key markets. Germany accounted for 25.7% of imports, Italy for 11.3%, and Finland for 7.0%, together making up only 44.1% of total import flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Sweden in value, 2017-2020