Canada Sustainable Packaging Market Insights Forecasts to 2033

• The Market Size is growing at a CAGR of 6.3% from 2023 to 2033
• The Canada Sustainable Packaging Market Size is expected to hold a significant share by 2033

The Canada Sustainable Packaging Market Size is anticipated to hold a significant share by 2033, growing at a CAGR of 6.3% from 2023 to 2033. The increasing consciousness about the environmental impact of packaging materials, government regulations & initiatives, and technological advancements & innovations are driving the growth of the sustainable packaging market in the Canada.     

Market Overview

Sustainable packaging refers to the eco-friendly materials used to wrap, store, ship, or shelves products. Materials that can be recycled into new products, such as cardboard, paper, and recyclable PET or HDPE plastics, are used to make sustainable packaging. Additionally, it contains biodegradable components like cellulose and PLA (starch-based PLA), which provide an environmentally beneficial substitute for conventional plastics. They possess environmental benefits in a wide range of applications, from flexible packaging and goods in the fashion and cannabis sectors to food containers and flatware. The noteworthy development trend for sustainable packaging is the rising demand for refillable container choices which is a significant packaging alternative for industries looking to reduce their environmental effect.  

Report Coverage

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

Driving Factors

The increasing awareness regarding the risks associated with traditional packaging that uses non-biodegradable materials like plastic leads to the driving demand for sustainable packaging over traditional packaging, thereby propelling market growth. Government initiatives also responsible for driving the market. For instance, the Canadian Council of Ministers of the Environment has since adopted an action plan to implement the Canada-wide Strategy on Zero Plastic Waste (Government of Canada, 2019). The technological advancements and innovations including seaweed-based packaging, upcycled waste materials, reusable systems, mono-material packaging, compostable plastic alternatives, digital printing innovations, smart packaging solutions, and plantable packaging are significantly contributing to bolstering the market growth.

Restraining Factors

The higher cost of sustainable packaging than non-sustainable packaging is responsible for restraining the market demand. Further, the limited availability of raw materials is responsible for hampering the market.

Market Segmentation

The Canada Sustainable Packaging Market share is classified into material, product type, and application.

• The paper & paperboard segment dominated the market with the largest market share during the forecast period.

The Canada sustainable packaging market is segmented by material into paper & paperboard, glass, plastic, metal, and others. Among these, the paper & paperboard segment dominated the market with the largest market share during the forecast period. Paperboard is biodegradable and biogenic, made from wood, having a wide range of applications from food products and cosmetics to electronics and pharmaceuticals. The growing regulations on non-biodegradable materials in the country and consumer inclination towards recycled and eco-friendly products are contributing to driving the market.

• The bags & pouches segment dominates the Canada sustainable packaging market over the forecast period.

The Canada sustainable packaging market is segmented by product type into boxes & cartons, bags & pouches, bottles & cans, films & wraps, trays, mailers, and others. Among these, the bags & pouches segment dominates the Canada sustainable packaging market over the forecast period. Plant-based plastics, recycled materials, or compostable materials are examples of renewable and biodegradable materials that are commonly used to make eco pouch bags. The materials used have reduced carbon footprint and consume minimal resources. The use of this segment by many end-use industries due to their lightweight, small, and cut down transportation and shipping costs is driving the market.    

• The food & beverages segment dominated the Canada sustainable packaging market with the largest market share during the forecast period.       

Based on the application, the Canada sustainable packaging market is divided into food & beverages, personal care & cosmetics, pharmaceuticals, consumer goods, e-commerce, and others. Among these, the food & beverages segment dominated the Canada sustainable packaging market with the largest market share during the forecast period. The utilization of renewable resources, such as bioplastics, compostable or biodegradable materials, or paper that comes from ethical sources, is given priority in sustainable food packaging. These materials support a circular economy and lessen dependency on limited resources. The surging health concerns among food & beverage manufacturers and consumers and the use of sustainable packaging solutions, such as tray boxes are driving the market demand.

Competitive Analysis:

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

• Cascades Inc.
• Transcontinental Inc.
• BioPak sustainable solutions PTE. LTD.
• Greenmunch
• Veritiv Corporation
• Atlantic Packaging
• Norampac Industries Inc
• NEXE Innovations
• Others

Key Target Audience

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

Recent Developments

• In October 2021, KFC Canada announced the quick-service restaurant chain would begin piloting its first home-compostable bucket and that all consumer-facing packaging would be fully home-compostable by 2025.

Market Segment

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

Canada Sustainable Packaging Market, By Material

• Paper & paperboard
• Glass
• Plastic
• Metal
• Others

Canada Sustainable Packaging Market, By Product Type

• Boxes & Cartons
• Bags & Pouches
• Bottles & Cans
• Films & Wraps
• Trays
• Mailers
• Others

Canada Sustainable Packaging Market, By Application

• Food & Beverages
• Personal Care & Cosmetics
• Pharmaceuticals
• Consumer Goods
• E-commerce
• Others