Plastic Film, Sheet & Bag Manufacturing in Canada - Industry Market Research Report

Plastic Film, Sheet & Bag Manufacturing in Canada - Industry Market Research Report

Plastic Film, Sheet & Bag Manufacturing in Canada

Plastic film, sheet and bag manufacturing in Canada has experienced uneven results over the five years to 2023 as a result of extreme volatility in commodity prices and the pandemic. Growth has been limited despite strong economic conditions prior to the pandemic, stifled by increasing import competition from US manufacturers that have competitive advantages, like shared borders and economies of scale. As a result, imports have increasingly fulfilled domestic demand, though this has been partially offset by growing export revenue. Revenue is expected to contract an annualized 0.1% to $6.7 billion over the five years to 2023, including an increase of 2.1% in 2023 alone. Profit has remained mostly stable during the period despite year-to-year volatility influenced by the pandemic and commodity price movements.

The Plastic Film, Sheet and Bag Manufacturing industry in Canada converts plastic resins into various films, sheets and bags. Industry products are used by manufacturers for packing and storing products, by retailers for transporting merchandise and by consumers for household purposes. Industry operators also form, coat or laminate plastic film and sheets into single-wall or multiwall plastic bags.

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.