Market Size of Canada Paper Packaging Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 17.91 Billion |
Market Size (2029) | USD 24.50 Billion |
CAGR (2024 - 2029) | 6.47 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Canada Paper Packaging Market Analysis
The Canada Paper Packaging Market size is estimated at USD 17.91 billion in 2024, and is expected to reach USD 24.5 billion by 2029, growing at a CAGR of 6.47% during the forecast period (2024-2029).
The expansion of paper packaging in Canada is fueled by sustainability, innovative technology, and increasing economies. Consumers choose readily recyclable carton packaging over tin or plastic packaging due to a growing focus on sustainability. Paper packaging will likely become a feasible and cost-effective alternative across the country as the market need for customer-friendly packages and enhanced product protection grows.
- The acceptance of the demand for biodegradable packaging as an alternative to plastic is expected to increase the market growth in Canada. Every year, Canadians throw away 3 million tons of plastic waste, only 9% of which is recycled. The vast majority of plastic ends up in landfills, and about 29,000 tons find their way into the natural environment. With the increasing demand for bio-degradable solutions, paper packaging is expected to emerge as a significant competitor to the existing plastic solution segment currently dominating the market studied.
- The growing e-commerce market in the country is creating a particular demand for corrugated and paper products, especially from transportation and logistics players. Paper-based packaging has been an adaptable and cost-efficient method to transport, protect, and preserve many products.
- Moreover, food and beverage are one of the major markets in Canada, and its use of paper-based packaging is naturally increasing. For instance, in Canada, milk, juices, energy drinks, etc., have become increasingly popular among millennials and the next generation due to increasing health consciousness and growing awareness of risks associated with excessive consumption of sweets, carbonated soda, and artificial sugar drinks. Consumers in Canada choose to purchase milk cartons instead of Glass bottles or plastic for eco-friendly concerns and the cost-effectiveness of cartons over glass or plastic bottles.
- As the COVID-19 pandemic swept and its humanitarian impact grew, companies that help meet necessities, such as providing food and other vital commodities to customers securely, were increasingly impacted in Canada. During the COVID-19 pandemic, paper manufacturers suffered a significant loss due to the shortage of raw materials and disrupted supply chains. The coronavirus pandemic has already caused substantial declines for specific packaging solutions while accelerating growth for others, such as e-commerce shipping packaging, swiftly becoming a lifeline in this new era.
Canada Paper Packaging Industry Segmentation
The market studies the revenue generated from the sales of paper packaging products, such as folding cartons and corrugated boxes, across various applications considered under the scope. The market tracks the consumption value of paper packaging products in the country. The analysis is based on the market insights captured through secondary research and primaries. The market also covers the major factors impacting the growth of the Canadian paper packaging market in terms of drivers and restraints.
The Canada Paper Packaging Market is segmented by Product (Corrugated Box, Folding Carton, Kraft Paper), By Industry (Food, Beverages, Home and Personal Care, Healthcare, Electrical Products). The market sizes and forecasts regarding value (USD million) for all the above segments are provided.
By Product | |
Corrugated Box | |
Folding Carton | |
Kraft Paper | |
Other Types (Flexible Paper Packaging, Liquid Cartons, etc.) |
By Industry | |
Food | |
Baverages | |
Home and Personal Care | |
Healthcare | |
Electrical Products | |
Other Industries |
Canada Paper Packaging Market Size Summary
The paper packaging industry in Canada is experiencing significant growth, driven by a shift towards sustainable and eco-friendly packaging solutions. As consumers increasingly prioritize sustainability, there is a growing preference for paper packaging over traditional plastic and tin options. This trend is further supported by the rising demand for biodegradable packaging, which is seen as a viable alternative to plastic. The expansion of e-commerce in Canada is also contributing to the demand for corrugated and paper products, as these materials offer cost-effective and efficient solutions for transporting and protecting goods. The food and beverage sector, in particular, is witnessing a surge in the use of paper-based packaging, with products like milk and juices becoming more popular among health-conscious consumers. This shift is partly due to the declining consumption of soft drinks and the increasing awareness of the environmental impact of plastic waste.
The Canadian paper packaging market is characterized by a partial fragmentation, with key players such as Tetra Pak, Maritime Paper Products Ltd., and Graphic Packaging International leading the charge in innovation and sustainability initiatives. The market is poised for further growth as environmental regulations become more stringent, encouraging the adoption of recycled and biodegradable materials. Recent collaborations and innovations, such as Kraft Heinz's partnership with Pulpex and Nestlé's move to recyclable paper packaging, highlight the industry's commitment to reducing plastic usage. Additionally, the COVID-19 pandemic has accelerated the demand for paper packaging solutions, particularly in the e-commerce sector, as companies seek to meet the increased need for safe and secure packaging. Overall, the Canadian paper packaging market is set to expand, driven by technological advancements, regulatory support, and a growing consumer preference for sustainable packaging options.
Canada Paper Packaging Market Size - Table of Contents
-
1. MARKET INSIGHTS
-
1.1 Market Overview
-
1.2 Value Chain / Supply Chain Analysis
-
1.3 Industry Attractiveness - Porter Five Forces
-
1.3.1 Threat of New Entrants
-
1.3.2 Bargaining Power of Buyers
-
1.3.3 Bargaining Power of Suppliers
-
1.3.4 Threat of Substitute Products
-
1.3.5 Intensity of Competitive Rivalry
-
-
1.4 Assessment of COVID-19 impact on the Industry
-
-
2. MARKET SEGMENTATION
-
2.1 By Product
-
2.1.1 Corrugated Box
-
2.1.2 Folding Carton
-
2.1.3 Kraft Paper
-
2.1.4 Other Types (Flexible Paper Packaging, Liquid Cartons, etc.)
-
-
2.2 By Industry
-
2.2.1 Food
-
2.2.2 Baverages
-
2.2.3 Home and Personal Care
-
2.2.4 Healthcare
-
2.2.5 Electrical Products
-
2.2.6 Other Industries
-
-
Canada Paper Packaging Market Size FAQs
How big is the Canada Paper Packaging Market?
The Canada Paper Packaging Market size is expected to reach USD 17.91 billion in 2024 and grow at a CAGR of 6.47% to reach USD 24.50 billion by 2029.
What is the current Canada Paper Packaging Market size?
In 2024, the Canada Paper Packaging Market size is expected to reach USD 17.91 billion.