The Canada packaging market is projected to exhibit a growth rate (CAGR) of 4.10% during 2024-2032. The extensive demand for eco-friendly materials, significant technological advancements and innovation, smart packaging solutions, and regulatory compliance represents some of the key factors driving the growth of the market.
Report Attribute
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Key Statistics
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Base Year
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2023 |
Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Growth Rate (2024-2032) | 4.10% |
Sustainability and Environmental Concerns
Environmental concerns and sustainability remain key factors influencing the growth of the packaging market in Canada. This is because there has been a growing concern for the environment and the effects of plastic packaging materials. This change is driving the use of recycled, biodegradable, and compostable materials in packaging. The Canadian government’s rules on single-use plastics and efforts towards sustainable measures also support this trend. For example, in April 2022, the Circular Plastics Taskforce received support from the Canadian government's Ministry of Economy and Innovation (MEI) for projects aimed at enhancing the recycling of all plastic packaging. The organization secured over USD 399,904 from MEI to initiate the second phase of the project. To address these legal standards, firms are conducting research and development (R&D) to develop new and environmentally friendly packaging products. The concern for environmental impact and the adoption of circular economy concepts is shifting the packaging industry to more sustainable options and fueling market expansion. According to an article published by the CBC news, the federal government is banning companies from importing or making plastic bags and takeout containers by the end of this year, from selling them by the end of next year and from exporting them by the end of 2025.
Technological Advancements and Innovation
The packaging market in Canada is growing due to technological advancements and innovations. The use of new technologies, such as QR codes, RFID tags, and NFC technology, in the design of smart packaging solutions is becoming popular in the market. These developments improve the identification of products, increase supply chain visibility, and provide a better way of engaging customers. Furthermore, new packaging materials and packaging designs are enhancing the usability and attractiveness of the products. New technologies like 3D printing and automation are improving the production rate and decreasing the expense. Advancements in digital technologies and the adoption of sustainable practices have helped packaging companies to address consumers’ changing needs and regulatory requirements, which has further boosted the market. Canadian weigh importance on improving customer experience at least 10% higher than global counterparts. Enterprise technology is expected to play a key role, with almost two-thirds of Canadians prioritizing investments in this area over the coming year.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on packaging type.
Packaging Type Insights:
The report has provided a detailed breakup and analysis of the market based on the packaging type. This includes plastic packaging [by rigid plastic packaging, (breakup by material type {PE (HDPE, LDPE), PP, PET, PVC, and PS and EPS}, breakup by product type {bottles and jars (containers), caps and closures, bulk-grade products - IBC, crates and pallets, and others}, and breakup by end use industry {food, beverage, industrial and construction, automotive, cosmetics and personal care, and others})], and [by flexible plastic packaging, (breakup by material type {PE, BOPP, CPP, others}, breakup by product type {pouches, bags, films and wraps}, and breakup by end use industry {food, beverage, pharmaceutical, and cosmetics and personal care})], paper and paperboard [(by product type {folding carton, corrugated boxes, and single-use paper products (bags, cups, others)}, by end user {food, beverage, industrial and electronic, cosmetics and personal care, healthcare, and others})], metal packaging [by product type {cans (food, beverage, aerosols, others), caps and closures, and others}], and container glass [by end user {food, beverage (alcoholic, non-alcoholic), personal care and cosmetics, and pharmaceuticals}].
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include Ontario, Quebec, Alberta, British Columbia, and others.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Units | US$ Billion |
Scope of the Report | Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Packaging Types Covered |
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Regions Covered | Ontario, Quebec, Alberta, British Columbia, Others |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |