Canada Plastic Bottles Market Size

Canada Plastic Bottles Market Analysis

The Canada Plastic Bottles Market size is estimated at USD 0.61 billion in 2024, and is expected to reach USD 0.77 billion by 2029, growing at a CAGR of 4.82% during the forecast period (2024-2029). In terms of production volume, the market is expected to grow from 0.64 million tonnes in 2024 to 0.79 million tonnes by 2029, at a CAGR of 4.43% during the forecast period (2024-2029).

The growing demand for plastic bottle solutions and the swift adoption of plastic packaging techniques across diverse industries significantly boost the market’s growth.

• Plastic bottles are known for their robustness and adaptability and are recognized as food-safe by the Canadian Food Inspection Agency (CFIA). These plastics find applications across various FMCG sectors, including food, beverages, pharmaceuticals, etc. Their versatility extends to industries like cosmetics, paving the way for market expansion.
• Local industries spanning pharmaceuticals, food, and beverages are increasingly using plastic packaging solutions. Strong barrier qualities, extended shelf life, and durability have garnered significant traction, especially in the Canadian food and beverage sector, which may boost the demand for plastic bottles in the future.
• Efforts are underway to develop technologies that ensure barrier materials align seamlessly with established recycling procedures and quality standards. Resin businesses are actively addressing these challenges. While many products were traditionally single-use bottles, several companies are focusing on integrating recycled plastics to ease consumer concerns. Innovations are emerging, such as harnessing plastics recycled through non-mechanical methods like chemical recycling, which could significantly reduce the reliance on single-use plastic packaging.
• According to the Canadian Energy Centre, in April 2024, the Paris-based Organisation for Economic Co-operation and Development (OECD) published the Global Plastics Outlook, projecting that global plastic usage will nearly triple by 2060, spurred by economic and population growth. OECD countries, including Canada and various nations, are also expected to see a doubling in plastic usage. The management at the Chemical Industry Association of Canada (CIAC), which advocates for Canada's plastics producers, stated that the demand for plastics highlighted their integral role in daily life, spanning packaging, industries, and equipment. Such projections are expected to push the demand for plastic bottles across the country.
• According to the Canadian government, people discard over 3 million tonnes of plastic waste every year. A mere 9% of this is recycled; the remainder finds its way into landfills, waste-to-energy facilities, or the environment. This plastic waste and marine litter burden the economy and jeopardize the environment's health, impacting wildlife, rivers, lakes, and oceans. However, swiftly curbing plastic waste and pollution can bolster the economy, helping make significant strides in safeguarding wildlife and cherished natural spaces.