Canada Flexible Packaging Market Size (2024 - 2029)

The Canada Flexible Packaging Market is experiencing growth driven by consumer demand for convenience products and a shift towards eco-friendly packaging solutions. This growth is supported by initiatives from the Canadian government and industry players aimed at reducing plastic waste and promoting sustainable practices. Despite the challenges posed by environmental concerns over single-use plastics, the market is benefiting from increased hygiene demands and the adaptability of flexible packaging. However, the push for more sustainable packaging options may pose challenges to the market's expansion.

Market Size of Canada Flexible Packaging Industry

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Canada Flexible Packaging Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 8.55 Billion
Market Size (2029) USD 12.53 Billion
CAGR (2024 - 2029) 7.94 %
Market Concentration High

Major Players

Canada Flexible Packaging Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Canada Flexible Packaging Market Analysis

The Canada Flexible Packaging Market size is estimated at USD 8.55 billion in 2024, and is expected to reach USD 12.53 billion by 2029, growing at a CAGR of 7.94% during the forecast period (2024-2029).

One of the primary aspects driving the growth of the Canadian flexible packaging industry is the growing consumer inclination for convenience products. Consumer tastes are changing due to hectic lifestyles and smaller home units, necessitating products that are easy to open, store, use, transport, and dispose of, as well as those that appeal to their on-the-go lifestyles.

  • The Canadian flexible packaging market is witnessing a trend of eco-friendly packaging types from consumers and manufacturers. More than 40 Canadian companies recently unveiled the Canada Plastics Pact, a plan to recycle or compost 50% of Canada's plastic packaging by 2025. Fiber-based flexible packaging is also gaining traction in the Country and supporting a brand's effort to use more sustainable packaging. Even certain flexible packaging has now been engineered to be more environmentally friendly.
  • The government of Canada is taking initiatives for plastic packaging in the Country. For instance, In April 2022, Circular Plastics Taskforce received funding from the Canadian government's Ministry of Economy and Innovation (MEI) to support projects that will optimize the recycling of all plastic packaging. The Organisation has received more than USD 399,904 from MEI for the start of the project's second phase.
  • The recent municipal, provincial, and federal legislative action in Canada has especially focused on single-use plastics. Following the approach set out in the EU's 2018 Plastics Strategy, the Canadian government recently announced its intention to ban single-use plastics. Also, the Canadian province of Ontario is expanding the extended producer responsibility (EPR) scheme for paper packaging from covering half of the recycling cost to the full cost by 2023. The bill would establish a free program similar to Maine's and be applied to packaging, printing, writing paper, and food service ware.
  • According to Statistics Canada, monthly sales of grocery stores in Canada hit a high of CAD 10.39 billion during the pandemic. The spread of COVID-19 and the consequent panic buying can explain this jump in sales. Such sale has increased manifold in demand for flexible packaging during the crisis. The COVID-19 pandemic has given a new foothold to single-use plastics previously criticized for the waste they generate. Flexible packaging has benefitted because of increased concerns around hygiene and the protection it provides. Specific bans on plastic shopping bags have been overturned or fees lifted due to the initial concerns reusable alternatives could spread the virus.
  • On the flip side, flexible packaging products are typically made of soft plastics (various plastic polymers). The increasing awareness about the environmental effect of single-use plastic and unsustainable business practices has empowered consumers to demand a higher standard of product with a positive ecological impact. Further, initiatives such as promoting sustainable packaging by some companies in the packaging market across the country are expected to hurt the market growth during the forecast period.

Canada Flexible Packaging Industry Segmentation

Flexible packaging is a method of packaging items that uses non-rigid materials, allowing for more cost-effective and customizable solutions. It is a relatively recent approach in the packaging business that has increased in popularity due to its great efficiency and low cost.

The Canadian Flexible Packaging Market is segmented by Type (Plastics, Paper, and Aluminum Foil), Product Type (Pouches, Bags, Films, and Wraps), and End-user Industry (Food, Beverage, Household, and Personal Care).

The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

Type
Plastics
Polyethene (PE)
Bi-orientated Polypropylene (BOPP)
Cast Polypropylene (CPP)
Polyvinyl Chloride (PVC)
Ethylene Vinyl Alcohol (EVOH)
Paper
Aluminum Foil
Product Type
Pouches
Bags
Films and Wraps
Other Product Types
End-user Industry
Food
Beverage
Household and Personal Care
Other End-user Industries
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Canada Flexible Packaging Market Size Summary

The Canadian flexible packaging market is poised for significant growth, driven by evolving consumer preferences for convenience and sustainability. As lifestyles become more fast-paced, there is an increasing demand for packaging solutions that are easy to use, transport, and dispose of, aligning with the on-the-go lifestyles of consumers. This shift is further supported by a growing trend towards eco-friendly packaging options, with both consumers and manufacturers prioritizing sustainable materials. Initiatives like the Canada Plastics Pact and government support for recycling projects underscore the commitment to reducing plastic waste. The market is also benefiting from the food industry's demand for flexible packaging, as the sector sees a rise in ready-to-eat and snack foods, which require innovative and convenient packaging solutions.

The market landscape is characterized by moderate competition, with numerous players engaging in product innovation and strategic partnerships to enhance their offerings and expand their market presence. The Canadian government's regulatory focus on reducing single-use plastics and promoting sustainable packaging practices is shaping the industry's direction. Companies are increasingly investing in recyclable and compostable materials, responding to consumer demand for environmentally friendly options. The collaboration between packaging firms and food service providers, such as the partnership between WestRock and Swiss Chalet, highlights the industry's efforts to replace traditional plastic packaging with sustainable alternatives. As the market continues to evolve, the emphasis on sustainability and convenience is expected to drive further growth and innovation in the Canadian flexible packaging sector.

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Canada Flexible Packaging Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Industry Value Chain Analysis

    3. 1.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.3.1 Bargaining Power of Suppliers

      2. 1.3.2 Bargaining Power of Consumers

      3. 1.3.3 Threat of New Entrants

      4. 1.3.4 Threat of Substitutes

      5. 1.3.5 Intensity of Competitive Rivalry

    4. 1.4 Market Drivers

      1. 1.4.1 The Increased Demand for Convenient Packaging

      2. 1.4.2 Changing Demographic and Lifestyle Factors

    5. 1.5 Market Challenges

    6. 1.6 Assessment of the Impact of COVID-19 on the Industry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Plastics

        1. 2.1.1.1 Polyethene (PE)

        2. 2.1.1.2 Bi-orientated Polypropylene (BOPP)

        3. 2.1.1.3 Cast Polypropylene (CPP)

        4. 2.1.1.4 Polyvinyl Chloride (PVC)

        5. 2.1.1.5 Ethylene Vinyl Alcohol (EVOH)

      2. 2.1.2 Paper

      3. 2.1.3 Aluminum Foil

    2. 2.2 Product Type

      1. 2.2.1 Pouches

      2. 2.2.2 Bags

      3. 2.2.3 Films and Wraps

      4. 2.2.4 Other Product Types

    3. 2.3 End-user Industry

      1. 2.3.1 Food

      2. 2.3.2 Beverage

      3. 2.3.3 Household and Personal Care

      4. 2.3.4 Other End-user Industries

Canada Flexible Packaging Market Size FAQs

The Canada Flexible Packaging Market size is expected to reach USD 8.55 billion in 2024 and grow at a CAGR of 7.94% to reach USD 12.53 billion by 2029.

In 2024, the Canada Flexible Packaging Market size is expected to reach USD 8.55 billion.

Canada Flexible Packaging Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)