Canada Plastic Packaging Market

Canada Plastic Packaging Market Overview:

The Canada plastic packaging market is projected to exhibit a growth rate (CAGR) of 4.10%  during ​2024-2032​. The market is driven by the thriving food and beverage (F&B) processing industry, increasing population and urbanization, changing individual preferences, rise in e-commerce platforms, ongoing advancements in technology, and environmental regulations and sustainability initiatives.

Canada Plastic Packaging Market Trends:

Thriving Food and Beverage (F&B) Processing Industry

According to the content updated in 2023 on the website of the Government of Canada, in 2022 the F&B processing industry was the largest manufacturing industry in Canada in terms of value of production with sales of goods manufactured worth $156.5 billion. As the F&B processing industry is expanding to meet the growing needs and preferences of population, there is a parallel increase in the demand for packaging materials. Plastic packaging, with its versatility, durability, and cost-effectiveness, becomes a preferred choice for many food and beverage manufacturers. Additionally, plastic packaging gives super safety against outside elements like moisture, air, and contaminants, therefore extending the shelf life of perishable food and beverage products. This aspect is vital for key players aiming to preserve product fine and decrease meal waste for the duration of the supply chain.

In line with this, plastic packaging is remarkable handy for storing, dealing, and transporting objects, specifically inside the fast-paced meals and beverage industry. Ready-to-eat (RTE) food, snacks, and beverages regularly rely on plastic packaging as it is lightweight and easy to carry around, perfect for our busy, on-the-go lives.

Expansion of E-Commerce Platforms

An article published in 2023 on the website of the International Trade Administration (ITA) shows that the Canada e-commerce industry is expected to generate USD 40.3 billion in sales by 2025. As more people shop online, there is a significant rise in the volume of packages being shipped across the country. Materials like polyethylene (PE) bags, bubble wrap, and air pillows are frequently used in plastic packaging to protect products during transit, ensuring they arrive at customers' doors intact. E-commerce platforms prioritize the delivery of goods in pristine condition to hold high ranges of purchaser pride. Plastic packaging offers exquisite protection, protective merchandise from damage, moisture, and other environmental factors during transportation, managing, and storage.

Besides this, plastic packaging materials, such as bendy movies and thermoformed plastics, can be easily custom designed to suit numerous product dimensions, enhancing packaging efficiency and minimizing waste. Plastic packaging plays an essential position in protective products for the duration of delivery and dealing with, drastically decreasing the danger of harm and the need for returns. E-commerce platforms rely upon plastic packaging substances that offer cushioning and surprise-absorption homes to protect fragile objects and ensure a seamless returns technique.

Canada Plastic Packaging Market News:

• June 21, 2923: Canada's Polystyvert developed a $30M commercial Expanded Polystyrene (EPS) recycling plant.
• May 14, 2024: The Coca-Cola Company has completed the transition to 100% recycled plastic for all 500ml bottles in its sparkling beverage portfolio in Canada.
   

Canada Plastic Packaging Market Segmentation:

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 material, product, type, technology, and application.

Material Insights:

• PE       
  • HDPE
  • LDPE
  • LLDPE
• PET     
• PS       
• PP       
• Bioplastic       
  • PLA
  • Starch Blend
  • PHA
  • Biodegradable Polyester
  • Others
• Others
   

The report has provided a detailed breakup and analysis of the market based on the material. This includes PE (HDPE, LDPE, and LLDPE), PET, PS, PP, bioplastic (PLA, starch blend, PHA, biodegradable polyester, and others), and others.

Product Insights:

• Rigid  
  • Bottles Jars
  • Cans
  • Trays and Containers
  • Caps and Closures
  • Drums
  • IBC
  • Pails
  • Others
• Flexible          
  • Wraps and Films
  • Bags
  • Pouches
  • FIBC
  • Others
     

A detailed breakup and analysis of the market based on the product have also been provided in the report. This includes rigid (bottles jars, cans, trays and containers, caps and closures, drums, IBC, pails, and others), and flexible (wraps and films, bags, pouches, FIBC, and others).

Type Insights:

• Primary
• Secondary
• Tertiary
   

The report has provided a detailed breakup and analysis of the market based on the type. This includes primary, secondary, and tertiary.

Technology Insights:

• Injection Molding
• Extrusion
• Blow Molding
• Thermoforming
• Others
   

The report has provided a detailed breakup and analysis of the market based on the technology. This includes injection molding, extrusion, blow molding, thermoforming, and others.

Application Insights:

• Food
• Beverages
• Industrial Packaging
• Pharmaceuticals
• Personal and Household Care
• Petroleum and Hazardous Chemicals
• Others
   

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes food, beverages, industrial packaging, pharmaceuticals, personal and household care, petroleum and hazardous chemicals, and others.

Regional Insights:

• Ontario
• Quebec
• Alberta
• British Columbia
• Others
   

The report has also provided a comprehensive analysis of all the major regional markets, which include Ontario, Quebec, Alberta, British Columbia, and Others.

Competitive Landscape:

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.

Canada Plastic Packaging Market Report Coverage:

Key Questions Answered in This Report:

• How has the Canada plastic packaging market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the Canada plastic packaging market?
• What is the breakup of the Canada plastic packaging market on the basis of material?
• What is the breakup of the Canada plastic packaging market on the basis of product?
• What is the breakup of the Canada plastic packaging market on the basis of type?
• What is the breakup of the Canada plastic packaging market on the basis of technology?
• What is the breakup of the Canada plastic packaging market on the basis of application?
• What are the various stages in the value chain of the Canada plastic packaging market? 
• What are the key driving factors and challenges in the Canada plastic packaging?
• What is the structure of the Canada plastic packaging market and who are the key players?
• What is the degree of competition in the Canada plastic packaging market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Canada plastic packaging market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Canada plastic packaging market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Canada plastic packaging industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.