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The materials recovery industry in Nordic countries generated significant revenue in 2023, with Sweden leading at over *** euros. This sector plays a crucial role in the region's efforts to promote recycling and sustainable resource management. The combined revenue of Nordic countries in this industry reached approximately *** euros, highlighting its economic importance.

Collection rates and industry growth

The Nordic countries excel in material recovery, particularly in the collection of PET bottles. In 2023, Finland ranked second among collection rates in Europe, with ** percent. Denmark, Norway, and Iceland all exceeded ** percent in their collection rates as well. Sweden, with a collection rate of ** percent, was surpassed by all other Nordic countries, along with Germany, Slovakia, and Lithuania. These high rates are often associated with deposit-return schemes, which more European countries plan to implement in the near future.

Broader context of recycling in Europe

The materials recovery industry in the Nordics is part of a larger European effort to improve recycling rates. The European Union has set ambitious targets for its member states, mandating that they recycle or prepare for reuse ** percent of all municipal waste by 2025, with an increase to ** percent by 2030. As of 2023, Finland's recycling rate for municipal waste was nearly ** percent; while this is still short of the target, it shows more progress than many other Nordic countries. For example, Sweden had not yet achieved a recycling rate of ** percent by that year.