Canada Flexible Plastic Packaging Market Size

Canada Flexible Plastic Packaging Market Analysis

The Canada Flexible Plastic Packaging Market size is estimated at USD 2.09 billion in 2024, and is expected to reach USD 2.86 billion by 2029, growing at a CAGR of 6.52% during the forecast period (2024-2029).

Flexible plastic packaging allows more economical and customizable options for packaging products. Flexible plastic packaging products are particularly beneficial in industries requiring versatile packaging, such as the food, personal care, beverage, and pharmaceutical industries. It has grown prevalent due to its high efficiency and cost-effectiveness.

• Canadian consumers increasingly rely upon the internet to place orders. Internet consumer sales have increased more in the past decade than traditional retail sales. Canadian retail firms have adopted wireless technologies and internet-based systems to improve business-to-business and business-to-consumer relations.​ Canada's e-commerce infrastructure is highly developed and closely integrated with the United States. The major online retailers in Canada include Wal-Mart, Amazon, Best Buy, Canadian Tire, Hudson's Bay, Costco, and Etsy.​
• The increasing trend of consumer products, such as food, beverages, and cosmetics, is anticipated to propel the demand for flexible packaging. The growing need is attributed to the rising packaging solutions that are convenient and portable. Flexible packaging combines the advantages of materials such as plastic, paper, and aluminum foil without compromising the product's printability, barrier protection, freshness, or ease of use.
• Fiber-based flexible packaging is growing in popularity in Canada and supports a brand’s commitment to using more environment-friendly packaging. Some types of flexible packaging have even been designed to be more eco-friendly. The Canadian flexible packaging market is seeing an increase in eco-friendly packaging from both consumers and producers.
• Growing demand for packaging solutions that are convenient and portable, in line with the move to single-person living, has driven growth within convenience store retailing and boosted demand for more convenient packaging solutions.
• Recycling and environmental considerations are necessary when it comes to packaging. Plastic contamination in the oceans and landfills are significantly impacted by packaging trash. Plastic packaging significantly affects the environment's plastic pollution. Plastic may affect marine life and ecosystems since it takes hundreds of years to disintegrate.