Canada Plastic Packaging Market Size (2024 - 2029)

The Canadian plastic packaging market is experiencing growth driven by increased demand from sectors such as food, electronics, and e-commerce, alongside a rising adoption of flexible packaging solutions. This market expansion is supported by the versatility and food-safe recognition of plastic flexible packaging, which is widely used across various industries, including FMCG, healthcare, and retail. The convenience packaging sector is also benefiting from changing consumer lifestyles, particularly in urban areas with busy households. Additionally, advancements in recycling technologies and efforts to reduce single-use plastics are influencing the market dynamics.

Market Size of Canada Plastic Packaging Industry

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Canada Packaging Market
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 2.52 %
Market Concentration Medium

Major Players

Canada Plastic Packaging Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Canadian Plastic Packaging Market Analysis

The Canada Plastic Packaging market will register a CAGR of 2.52% during the forecast period. The Increased demand for Plastic packaging solutions from food, electronics, and e-commerce industries provided significant growth to the market along with a higher rate of the rising adoption of flexible packaging techniques across various industries.

  • Plastic flexible packaging is robust, adaptable, and recognized as food-safe by the Canadian Food Inspection Agency (CFIA). Plastics are being used in several FMCG sectors, including food, drinks, commercial packaging, pharmaceuticals, and consumer goods. Due to its adaptability may be used in various industries, including cosmetics, multimedia, and the packaging of sporting goods and toys, which will help the market expand.
  • According to the Canadian Packaging Association, the Country may witness significant demand for cheese packaging that accounts for a market value of over USD 5 billion by the end of 2029, thus, driving the growth of the plastic flexible packaging market in the Country.
  • Healthcare, manufacturing, retail, food, and beverages are just a few local industries using plastic packaging solutions. These products' strong barrier qualities, long shelf lives, and durability have helped them achieve a lot of momentum in the Canadian healthcare sector. There will be an increase in demand for plastic packaging solutions throughout the anticipated timeframe.
  • Efforts are being made to create technologies where barrier materials work harmoniously with accepted recycling procedures and quality standards. Many resin businesses are making a lot of effort to address these issues. Most of them were single-use containers, but several companies are attempting to slow down the usage of recycled plastic to ease consumer worries. New technologies are being developed to utilize plastic recycled from non-mechanical techniques, including chemical recycling. If these initiatives are successful, they might have a detrimental impact on the use of single-use plastic packaging.
  • The majority of consumers in Canada are shaped by trends such as an increase in the number of working women and the prevalence of nuclear and double-income households, particularly in urban areas. Busier lifestyles necessitate on-the-go items that save cooking time, contributing to the convenience packaging sector's growth, which impacts the plastic packaging market in Canada.
  • The lightweight feature in flexible packaging is further driving the studied market. For instance, In August 2021, BB Packaging Concepts (BBPC), a packaging design start-up based in Toronto, Canada, introduced Invert-Pouch. According to the company, Invert-Pouch leverages the benefits of lightweight pouch packaging with an inverted neck tucked inside the pouch. These characteristic ensures the contents available can consume safely.
  • Due to the COVID-19 outbreak, the demand for nutritional drinks and healthy food increased exponentially. The majority of these products will be coming packed with single-use plastic. The orders were so huge globally that the manufacturers and packaging companies in the field even expanded their facilities, which most governments supported.

Canadian Plastic Packaging Industry Segmentation

Plastic packaging is a component of the complex supply chain that links the point of production to the point of consumption. Its main objective is to ensure the product's delivery to the end customer in its flawless and ideal condition. Its function in a circular economy is to reduce product waste by preserving a product's value for as long as necessary.

The Canada Plastic Packaging Market is segmented by Type (Rigid Plastic, Flexible Plastic), By End-User Industry (Food, Beverage, Healthcare, Personal Care and Household), and by Products (Bottles, Cans, Jars, Pouches, Trays, Containers, Bags, Films, Wraps).

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Canada Plastic Packaging Market Size Summary

The Canadian plastic packaging market is experiencing steady growth, driven by increased demand from sectors such as food, electronics, and e-commerce. The adoption of flexible packaging techniques is particularly notable, with plastics being utilized across various fast-moving consumer goods sectors, including food, beverages, pharmaceuticals, and cosmetics. The Canadian Food Inspection Agency's recognition of plastic flexible packaging as food-safe further bolsters its use. The market is also seeing innovations like the Invert-Pouch, which highlights the benefits of lightweight packaging. However, the market faces challenges from environmental concerns and regulatory pressures aimed at reducing single-use plastics. Despite these challenges, the demand for plastic packaging solutions remains robust, supported by the convenience and durability they offer.

The market landscape is moderately concentrated, with key players such as Amcor, Coveris Holding, and Berry Global leading the charge. Recent strategic moves, like ProAmpac's acquisition of Belle-Pak Packaging, underscore the industry's focus on expanding presence and product offerings in Canada. Initiatives aimed at enhancing recycling processes and developing sustainable packaging solutions are gaining traction, reflecting a broader industry shift towards circular economy practices. The Canadian beverage sector, in particular, is making concerted efforts to improve recycling rates, with campaigns promoting the recycling of plastic beverage containers. As consumer awareness of environmental issues grows, the market is likely to evolve, balancing demand for plastic packaging with sustainability goals.

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Canada Plastic Packaging Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    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 Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

    4. 1.4 Market Drivers

      1. 1.4.1 Increasing Adoption of Lightweight-packaging Methods

      2. 1.4.2 Increased eco-friendly packaging and recycled plastic

    5. 1.5 Market Challenges

      1. 1.5.1 High Price of Raw Material (Plastic Resin)

      2. 1.5.2 Government Regulations & Environmental Concerns

Canada Plastic Packaging Market Size FAQs

The Canada Plastic Packaging Market is projected to register a CAGR of 2.52% during the forecast period (2024-2029)

Amcor Plc, Berry Global, Winpak, Constantia Flexibles and Sonoco Products Company are the major companies operating in the Canada Plastic Packaging Market.

Canadian Plastic Packaging Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)