Canada Plastic Packaging Market Insights Forecasts to 2033

• The Canada Plastic Packaging Market Size was valued at USD 10.2 Billion in 2023.
• The Market is growing at a CAGR of 3.65% from 2023 to 2033
• The Canada Plastic Packaging Market Size is expected to reach USD 14.6 Billion by 2033

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The Canada Plastic Packaging Market is anticipated to exceed USD 14.6 Billion by 2033, growing at a CAGR of 3.65% from 2023 to 2033. The increasing spending on personal care & household products and the demand for convenient & efficient packaging solutions are driving the growth of the plastic packaging market in Canada.     

 

Market Overview

Plastic packaging refers to packaging made from plastic material and is used for containment, protection, handling, delivery, and presentation of any products. They posses robust barrier properties, lengthy shelf life, and durability. Plastic packaging solutions are utilized by several local businesses such as healthcare, manufacturing, retail, food, and drinks. Particularly in the frantic food and beverage sector, plastic packaging is incredibly useful for handling, storing, and moving items. It is widely used for ready-to-eat (RTE) meals, snacks, and beverages because of its portability and lightweight nature which is ideal for hectic, always-on lifestyles. In plastic packaging, materials such as air pillows, bubble wrap, and polyethylene (PE) bags are commonly used to protect products during transit and guarantee they reach customers' doors undamaged. The application of personalized innovative packaging by manufacturers with an emphasis on delivering appealing and eye-catching packaging for brands to attract customers is leveraging market opportunity.   

 

Report Coverage

This research report categorizes the market for the Canada plastic 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 plastic 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 plastic packaging market.

 

Driving Factors

The country's average annual household expenditure on personal care products accounted for 689 Canadian dollars in 2021 according to StatCan. It is reported that Canada spends an average of $3,570 on household furnishings and equipment, a 43.6% increase from 2019 due to increasing demand for home renovations. Thus, the increasing spending on personal care and household products is driving the Canada plastic packaging market. Further, the increasing demand for processed food is contributing to drive the market. The expanding acceptance of flexible packaging techniques across multiple industries, the food, electronics, and e-commerce sectors offered considerable growth in the market for plastic packaging solutions.  

 

Restraining Factors

The volatile raw material prices and stringent regulations for single-use plastics are restraining the Canada plastic packaging market.

 

Market Segmentation

The Canada Plastic Packaging Market share is classified into material, product, type, technology, application, and application channel.

• The polyethylene segment dominated the market with a significant market share during the forecast period.

The Canada plastic packaging market is segmented by material into polyethylene, polyethylene terephthalate, polystyrene, polypropylene, bioplastic, and others. Among these, the polyethylene segment dominated the market with a significant market share during the forecast period. Polyethylene (PE) is easily accessible and affordable and is used for packaging such as plastic bags, plastic films, geomembranes, and bottle containers. The growing demand for packaged products and the trend of online delivery of products are driving the market demand.    

 

• The rigid segment dominates the market with the largest revenue share in 2023.

The Canada plastic packaging market is segmented by product into rigid and flexible. Among these, the rigid segment dominates the market with the largest revenue share in 2023. Rigid packaging is extremely durable, and chemical resistant, available in a wide range of package sizes.  The increasing demand from the healthcare industry and food & beverage industry are anticipated to drive the market growth.

 

• The primary segment dominates the market with a significant revenue share during the forecast period.

The Canada plastic packaging market is segmented by type into primary, secondary, and tertiary. Among these, the primary segment dominates the market with a significant revenue share during the forecast period. Primary plastic packaging comes in direct contact with the product and is primarily used to contain, protect, and/or preserve the finished product, particularly against contamination. The growing use of processed food products, medicines, and personal care products is driving the market in the primary segment.  

 

• The extrusion segment dominated the Canada plastic packaging market with the largest market share in 2023.       

Based on the technology, the Canada plastic packaging market is divided into injection molding, extrusion, blow moldings, thermoforming, and others. Among these, the extrusion segment dominated the Canada plastic packaging market with the largest market share in 2023. Extrusion is a high-volume production method that involves continuously melting and shaping a polymer material that has been enhanced with the desired additives. Extrusion techniques have a huge demand in the flexible packaging market. Thus, the changing lifestyle and urbanization in Canada are responsible for driving the market as the demand for flexible packaging increases.

 

• The food segment accounted for the largest revenue share of the Canada plastic packaging market in 2023.

Based on the application, the Canada plastic packaging market is divided into food, beverages, industrial packaging, pharmaceuticals, personal & household care, petroleum & hazardous chemicals, and others. Among these, the food segment accounted for the largest revenue share of the Canada plastic packaging market in 2023. Plastic packaging is commonly used in the food segment because of its versatility and adaptability. In Canada, the food processing sector ranks second in production volume and sales of manufactured commodities. The growing food processing industry in Canada is contributing to propel market demand.

 

• The retail segment is dominating the Canada plastic packaging market during the forecast period.

Based on the application channel, the Canada plastic packaging market is divided into retail and industrial. Among these, the retail segment is dominating the Canada plastic packaging market during the forecast period. The retail industry deals with selling people consumer items and related services through physical establishments. The increasing population and urbanization in the country are contributing to driving the market in the retail segment.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Canada plastic 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

• Amcor Plc.
• CCL Industries
• Berry Global Group, Inc.
• Sonoco Products Company
• Sealed Air
• Coveris
• Alpha Packaging
• WINPAK Ltd.
• Mondi
• Transcontinental Inc.
• ALPLA
• Others

 

Key Target Audience

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

 

Recent Developments

• In September 2024, A study commissioned by Agriculture and Agri-Food Canada (AAFC) and Environment and Climate Change Canada (ECCC) highlights the role of packaging in fresh produce supply chains by quantifying the functionality of plastic packaging in fresh produce from a needs/benefit perspective.
• In March 2019, Altium Packaging Canada, a subsidiary of Consolidated Container Company (CCC), acquired plastic containers maker Plastique Micron (PMI) and its affiliates for an undisclosed amount.

 

Market Segment

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

 

Canada Plastic Packaging Market, By Material

• Polyethylene
• Polyethylene terephthalate
• Polystyrene
• Polypropylene
• Bioplastic
• Others

 

Canada Plastic Packaging Market, By Product

• Rigid
• Flexible

 

Canada Plastic Packaging Market, By Type

• Primary
• Secondary
• Tertiary

 

Canada Plastic Packaging Market, By Technology

• Injection Molding
• Extrusion
• Blow Moldings
• Thermoforming
• Others

 

Canada Plastic Packaging Market, By Application

• Food
• Beverages
• Industrial Packaging
• Pharmaceuticals
• Personal & Household Care
• Petroleum & Hazardous Chemicals
• Others

 

Canada Plastic Packaging Market, By Application Channel

• Retail
• Industrial