Canada Plastic Packaging Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Canada Plastic Packaging Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

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.

Key Highlights

• 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.

Key Market TrendsPlastic Bottles is Observing a Significant Increase

• The demand for FMCG products in Canada is rising, likely resulting in a widespread acceptance of plastic bottles and containers in the country's food, beverage, pharmaceutical, and other industries. Many organizations are objecting, though, and increasing political pressure on the government to outlaw plastic products. This pressure may hamper the market for plastic bottles and containers in the beverage sector.
• The use of plastic is probably going to decline as people become more aware of environmental issues progressively. Eco-friendly packaging options are becoming more popular among customers in the US and Canada. Governments in these nations have set stringent laws and restrictions in the sector due to the usage of plastic and plastic goods' potentially detrimental effects on the environment. As a result, the industry is expanding more slowly than other materials.
• Regardless of usage, the Canadian beverage sector strives to have all of its bottles recycled. Public Spaces Recycling was established by the business community in collaboration with the government to collect recyclables that consumers abandon in public spaces such as parks, recreation centers, public schools, businesses, transit stops, institutions, and gas stations. These materials are typically collected through curbside recycling programs.
• After newspapers and metal, plastic water bottles are the third most recycled product in Canada, according to the Canadian Bottled Water Association. Playground equipment, vehicle parts, fleece apparel, footwear, carpeting, sleeping bags, luggage, and other plastic packaging are all produced using recycled plastic bottles.
• For Instance, in November 2021, The Canadian Beverage Association (CBA) launched its Canadian video campaign in honor of National Recycling Day to promote awareness of the value of plastic beverage bottles and improve the already high recycling rates. Each 15-second video encourages Canadians to recycle plastic beverage containers to keep them in a closed loop of the circular economy.

Healthcare is One of the Factor Driving the Market

• Dropper bottles are frequently used by those who have eye syndrome. The need for dropper bottles in Canada has increased as the number of people with eye syndrome rises. The prevalence of dry eye syndrome has increased due to people's changing lifestyles, particularly their increased use of electronic devices like computers and TVs.
• The rising number of people in the area who are experiencing sinusitis is expected to raise the demand for nasal spray bottles. Sinusitis is one of the most prevalent health issues in the nation, affecting 35 million individuals annually in the US and Canada, according to Medical Devices Business Services Inc. It affects people's quality of life more profoundly than chronic back pain or congestive heart failure and is more common than heart disease and asthma.
• The new laws limiting cough syrup sales are expected to impact the plastic bottle business in the pharmaceutical industry. Since many years ago, sedative cough syrups like Robitussin A.C., Dimetapp-C, and acetaminophen with codeine have been sold on the market.
• For instance, under new Health Canada standards, cough syrups containing codeine would need a certain kind of prescription and would also need to be kept in pharmacy vaults. But in light of the recent opioid crisis the nation has experienced, pharmacists have urged the federal government to control access to over-the-counter codeine.
• As caps made of plastic are evident and resistant to dropping, impact, and biocompatibility, they are designed to endure the wide range of static and dynamic forces they will experience throughout transit, handling, and storage operations. However Consequently, there will undoubtedly be an increase in demand for plastic caps in the pharmaceutical business in the future.

Competitive Landscape

As the demand for plastic packaging has been increasing significantly in the Canadian region, the market is mildly concentrated, with significant players like Amcor, Coveris Holding, Berry Global, Sealed Air Corporation, and Constantia Flexibles, among others.

• February 2022, ProAmpac, a US-based flexible packaging, and material science company, announced the acquisition of Canadian flexible packaging manufacturer Belle-Pak Packaging. It will further allow the company to expand its presence in Canada and broaden its product portfolio and customer reach.
• In April 2022, Sealed Air announced collaboration on an advanced recycling initiative that will focus on recycling flexible plastics from the food supply chain and remaking them into new certified circular food-grade packaging.

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