Canada Foodservice Packaging Market Size

Canada Foodservice Packaging Market Analysis

The Canadian foodservice packaging market is expected to grow at a CAGR of 8.5% over the forecast period. Demand for convenient and portable products due to busy lifestyles intensifies the packaging industry in Canada. Product packaging with flexible, resealable, eco-friendly, and sustainable formats are expected to gain momentum in the country.

• The packing industry has gone through an immense transformation over the last couple of years, owing to the increase in the number of start-ups across the country, the introduction of the diversified category of food and non-food products, and increased demand for food and beverages during the pandemic has boosted the demand for the Canadian foodservice packaging market.
• The foodservice packaging business has experienced consistent growth over the last decade, owing to substrate choice changes, new market expansion, and ownership dynamics. Sustainability and environmental issues will continue to be emphasized, particularly in Canada, and various innovations are catering to corrugated boxes, cartons, and plastic packaging are witnessing in the market.
• The COVID-19 pandemic adversely affected Canada's fast food industry due to the rising cases and fear of contracting the infection from food. Furthermore, the operational disruptions in the hotel and food & beverages industry, and disruption in the supply chain due to the COVID-19 outbreak have impacted the Canadian foodservice packaging market in terms of revenue.
• For many countries, including Canada's essential trading partners, the Russia-Ukraine war has had a significant impact. Higher inflation is expected to negatively affect household spending in Canada. However, Canada's resource producers are expected to see an associated spike in resource price, thus providing a boost to profits, private investment, and government revenues.