Canada Flexible Packaging Market Industry Analysis, Size, Share, Upcoming Trends, Segmentation and Forecast to 2020

The Canada Flexible Packaging Market Research Report Forecast 2020 - 2025 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The report also takes into account the impact of the novel COVID-19 pandemic on the Canada Flexible Packaging market and offers a clear assessment of the projected market fluctuations during the forecast period. The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

The Canadian Flexible Packaging Market is expected to register a CAGR of 2.1%, during the forecast period (2020 - 2025).

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Top Key Players in the Canada Flexible Packaging Market: St. Johns Packaging, Sonoco Products Company, ProAmpac LLC, Covertech Flexible Packaging Inc., Emmerson Packaging, Cascades Flexible Packaging, Winpak Ltd, Constantia Flexibles, Tetra Pak International SA, Sealed Air Corporation, Berry Global Inc., Novolex Holdings Inc., Sigma Plastics Group, Flair Flexible Packaging Corporation, Printpack Inc., Sit Group SpA, American Packaging Corporation, Amcor PLC, Transcontinental Inc., Mondi PLC

Overview:

Canada is anticipated to witness a higher growth rate, due to the growing adoption of flexible packaging techniques across numerous industries, such as retail, pharmaceutical, food, and beverage. Furthermore, the country is witnessing a flourish in the retail industry, which is generating an increasing demand for flexible packaging products. According to StatCan, in 2019, the sales of retail trade in Canada were CAD 615 billion, which increased from CAD 467.77 billion in 2012.

Additionally, the increased penetration of e-commerce and digital printing and cost-effectiveness of flexible packaging are driving the market growth. According to PMMI, in 2019, flexible packaging accounted for 31% of packaging materials in Canada.

The spread of COVID-19 across Canada and other parts of North America has a negative impact on the flexible supply chain, as only the manufacturing of essential goods is permitted, during the lockdown in the country. This is likely to cause the supply and demand system to be suboptimal and reduce the profit margins. The overall economic slowdown may also impact the employment rates across various end-user industries in the region.

Key Market Trends

Food Industry is Expected to Witness Significant Growth

- The food processing industry is the second-largest manufacturing industry in Canada, in terms of the value of production, with the total gross domestic product amounting to around CAD 27.53 billion in 2018, and 2.6% of the national GDP. It is the largest manufacturing employer, employing more than 2,50,000 peoples and having 2,100 food manufacturing establishments in Ontario.?
- The demand for flexible packaging is rising, due to the increase in exports of packaged foods. Processed food products from Canada are exported to 190 countries. A significant share of the products is exported to the United States, China, Japan, Mexico, Russia, and South Korea. According to StatCan, the export value of processed food products from Canada was CAD 28 billion. ?
- The country is also witnessing an increasing growth in its retail and food services sales, which, in turn, is boosting the market studied. According to the USDA Foreign, Agricultural Service studies 2019, the expected sales growth of packaged food in Canada, between 2017 and 2022, maybe driven by sweet biscuits, snack bars, and fruit snacks with 19.8% growth, followed by spreads, edible oils, and dairy with 15.8%, 13.8%, and 12.3%, respectively.

Plastic is Expected to Hold a Significant Share

- Plastic flexible packaging is durable, versatile, and approved by the Canadian Food Inspection Agency (CFIA) as a food-safe. It finds its application in various FMCG industries, including food, beverages, industrial packaging, pharmaceuticals, and consumer goods. Its versatility enables its application even in industries, like cosmetics, multimedia, and packaging of sports goods and toys, and therefore, boosts the growth in the market.
- According to the Canadian Packaging Association, the country may witness significant demand for cheese packaging that is set to account 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.

Regional Analysis for Market:

For a comprehensive understanding of market dynamics, the Canada Flexible Packaging market is analyzed across key geographies namely: United States, China, Europe, Japan, South-east Asia, India, and others. Each of these regions is analyzed on the basis of market findings across major countries in these regions for a macro-level understanding of the market.

This Canada Flexible Packaging Market statistical surveying report underlines the leading merchants in this market everywhere throughout the world. This sector of the report includes market depictions, requirements, and product portrayals, manufacture, competence, contact figures, cost, and revenue. In a comparable way, automated gathering, upstream raw materials, and downstream demand studies are administered.

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What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Canada Flexible Packaging Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

The research includes historic data from 2015 to 2020 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Finally, the Canada Flexible Packaging Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and Market development rate, and figure and so on. This report additionally Present a new task SWOT examination, speculation attainability investigation, and venture return investigation.

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Note: All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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