Canada Plastic Packaging Market Size

Canadian Plastic Packaging Market Analysis

The Canada Plastic Packaging market will register a CAGR of 2.52% during the forecast period. The Increased demand for Plastic packaging solutions from food, electronics, and e-commerce industries provided significant growth to the market along with a higher rate of the rising adoption of flexible packaging techniques across various industries.

• Plastic flexible packaging is robust, adaptable, and recognized as food-safe by the Canadian Food Inspection Agency (CFIA). Plastics are being used in several FMCG sectors, including food, drinks, commercial packaging, pharmaceuticals, and consumer goods. Due to its adaptability may be used in various industries, including cosmetics, multimedia, and the packaging of sporting goods and toys, which will help the market expand.
• According to the Canadian Packaging Association, the Country may witness significant demand for cheese packaging that accounts for a market value of over USD 5 billion by the end of 2029, thus, driving the growth of the plastic flexible packaging market in the Country.
• Healthcare, manufacturing, retail, food, and beverages are just a few local industries using plastic packaging solutions. These products' strong barrier qualities, long shelf lives, and durability have helped them achieve a lot of momentum in the Canadian healthcare sector. There will be an increase in demand for plastic packaging solutions throughout the anticipated timeframe.
• Efforts are being made to create technologies where barrier materials work harmoniously with accepted recycling procedures and quality standards. Many resin businesses are making a lot of effort to address these issues. Most of them were single-use containers, but several companies are attempting to slow down the usage of recycled plastic to ease consumer worries. New technologies are being developed to utilize plastic recycled from non-mechanical techniques, including chemical recycling. If these initiatives are successful, they might have a detrimental impact on the use of single-use plastic packaging.
• The majority of consumers in Canada are shaped by trends such as an increase in the number of working women and the prevalence of nuclear and double-income households, particularly in urban areas. Busier lifestyles necessitate on-the-go items that save cooking time, contributing to the convenience packaging sector's growth, which impacts the plastic packaging market in Canada.
• The lightweight feature in flexible packaging is further driving the studied market. For instance, In August 2021, BB Packaging Concepts (BBPC), a packaging design start-up based in Toronto, Canada, introduced Invert-Pouch. According to the company, Invert-Pouch leverages the benefits of lightweight pouch packaging with an inverted neck tucked inside the pouch. These characteristic ensures the contents available can consume safely.
• Due to the COVID-19 outbreak, the demand for nutritional drinks and healthy food increased exponentially. The majority of these products will be coming packed with single-use plastic. The orders were so huge globally that the manufacturers and packaging companies in the field even expanded their facilities, which most governments supported.