Packaging & Labelling Services in Canada - Industry Market Research Report

Packaging & Labelling Services in Canada - Industry Market Research Report

Packaging & Labelling Services in Canada

Canadian packaging and labelling services providers package and label materials for manufacturers and retailers on a contract or outsource basis. As a service industry that relies on commercial activity to generate demand, service providers have benefited from a growing Canadian economy, encouraging Canadian manufacturers to increase production to satisfy growing consumer demand. The shift toward sustainable and efficient packaging materials has also supported industry growth, as downstream clients have become more willing to outsource these specialized packaging functions. Despite disruptions posed by COVID-19, strong consumer spending and improved economic conditions have buoyed revenue growth. Revenue will grow at a CAGR of 4.1% to $1.6 billion through the end of 2023, including a 0.9% increase in 2023 alone as the economy slows.

Establishments in the Packaging and Labelling Services industry in Canada primarily package client-owned materials on a contract or outsource basis. The industry also provides labelling and imprinting package services. This industry excludes warehouse services, packing and crating incidental to transportation and retail of packaging or labelling products.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.