Canada Foodservice Packaging Market Insights Forecasts to 2033

• The Market is growing at a CAGR of 8.25% from 2023 to 2033
• The Canada Foodservice Packaging Market Size is expected to hold a significant share by 2033

The Canada Foodservice Packaging Market is anticipated to hold a significant share by 2033, growing at a CAGR of 8.25% from 2023 to 2033. The increasing demand for convenience food and sustainable packaging solutions is driving the growth of the foodservice packaging market in Canada.     

Market Overview

Foodservice packaging refers to the products used for service and packaging of prepared foods and drinks. It is referred to as "the sensible solution" because it is hygienic, safe, affordable, and convenient. A wide range of food service packaging products are designed to facilitate the safe and efficient transportation, storage, and consumption of food in various dining environments, such as restaurants, fast-food chains, and catering services. Further, there is a rising emphasis on innovative and sustainable packaging with growing consumer awareness about environmental concerns, stringent regulations on single-use plastics, and the development of eco-friendly alternatives. Thus, the increasing demand for customizable and sustainable packaging in the foodservice industry is driving the foodservice packaging market. 

Report Coverage

This research report categorizes the market for the Canada foodservice packaging market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Canada foodservice packaging market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Canada foodservice packaging market.

Driving Factors

The growing purchase of a wide variety of food items in the country owing to the rising living standards and individual disposable income in the country are driving the foodservice packaging market. Further, the growing need for convenience food and sustainable packaging solutions is significantly propelling the market growth.

Restraining Factors

The government regulations for ensuring food safety to avoid negative health effects, particularly from coated packaging that emits VOCs significantly restrain the Canada foodservice packaging market.

Market Segmentation

The Canada Foodservice Packaging Market share is classified into material type and application.

• The flexible segment dominated the market with the largest market share during the forecast period.

The Canada foodservice packaging market is segmented by material type into rigid and flexible. Among these, the flexible segment dominated the market with the largest market share during the forecast period. Flexible packaging can be made in either formed or unformed configurations and comes in various sizes, shapes, and materials. The convenience, product safety, and longer shelf life of flexible packaging are propelling the market growth in the flexible segment.

• The baked goods segment dominated the Canada foodservice packaging market during the forecast period.       

Based on the application, the Canada foodservice packaging market is divided into fruits & vegetables, baked goods, dairy products, meat & poultry, specialty processed foods, and others. Among these, the baked goods segment dominated the Canada foodservice packaging market during the forecast period. Cakes, cupcakes, and other baked goods need packaging to be handled with extreme caution to maintain their delicious flavor. The rising consumption of convenient and ready-to-eat baked products and innovation in packaging material & technology are propelling the market.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Canada foodservice packaging market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Pactiv Evergreen Inc.
• Dart Container Corporation
• Genpak Corporation
• Berry Global Inc.
• Novolex
• Tellus Products
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In November 2023, Inno-Pak, LLC, a portfolio company of Emerald Lake Capital Management and a leading designer, manufacturer, importer and supplier of innovative, eco-friendly packaging for prepared and takeout foods, announced that it has acquired Albany Packaging Inc. (“Albany”).

• In March 2023, JanSan and foodservice packaging distributor Imperial Dade separately announced the acquisitions of three companies in Canada: Solutions Sherby, Servicorp Industrial Supplies and Action Paper & Packaging.

• In November 2021, Evanesce Packaging Solutions Inc., a sustainable technology innovator, driven to accelerate the adoption of truly sustainable and economically viable packaging solutions, has closed its Series B funding with an oversubscribed CAD USD 10.1M.

Market Segment

This study forecasts revenue at Canada, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Canada Foodservice Packaging Market based on the below-mentioned segments:

Canada Foodservice Packaging Market, By Material Type

• Rigid
• Flexible

Canada Foodservice Packaging Market, By Application

• Fruits & Vegetables
• Baked Goods
• Dairy Products
• Meat & Poultry
• Specialty Processed Foods
• Others