Canada Flexible Plastic Packaging Market Size, Share, Growth & Analysis (2024 - 2029)

Canada Flexible Plastic Packaging Industry Overview

The Canadian flexible plastic packaging market is fragmented and market incumbents are adopting powerful competitive strategies characterized by acquisitions, partnerships activities, a strong emphasis on R&D, and innovative activities. Some players include FLAIR Flexible Packaging Corporation​, Mondi PC, Amcor Group GmbH, Constantia Flexibles Group GmbH, and C-P Flexible Packaging Inc.

• February 2024 - Mondi PLC announced the acquisition of Hinton Pulp Mill, Alberta, Canada, for USD 5 million. Hinton Pulp Mill is in Hinton, Alberta, and is owned and operated by West Fraser Timber Co. Ltd. The mill may produce approximately 250,000 tons of pulp per year. The acquisition of the mill is part of a long-term partnership between the Group and West Fraser in which the Group will benefit from access to locally sourced, high-quality fiber from a well-established wood basket. Mondi plans to further invest in the mill to increase productivity and sustainability performance. The company plans to expand the facility by introducing a kraft paper machine. The kraft paper machine will integrate the Group’s paper bag operations across America to support future growth. The investment is subject to prior engineering and permitting.
• September 2023 - Berry Global Group Inc. announced a five-year power purchase agreement (PPA) with multinational renewable energy leader ACCIONA Energía to power all four of its facilities in Mexico with wind and solar power. Procuring nearly 100,000 MWh of cost-effective, renewable energy annually, this agreement is projected to avoid around 40,000 metric tons of carbon dioxide equivalent, or CO2, annually. This helps Berry meet its climate goals and helps Berry’s customers advance their ambitious sustainability goals by providing lower-carbon solutions.