Canada Flexible Packaging Market 2022 Strategic Assessment - St. Johns Packaging, Sonoco Products Company, ProAmpac LLC, Covertech Flexible Packaging Inc., Emmerson Packaging

Market Insights Reports has added new statistical data to its repository titled as, Global Canada Flexible Packaging Market. It provides the industry overview with market growth analysis with a historical & futuristic perspective for the following parameters; cost, revenue, demands, and supply data (as applicable). Furthermore, the report also sheds light on technological platforms, in addition to distinctive tools, and methodologies that will help to propel the performance of industries. The Canada Flexible Packaging market report covers the post-COVID-19 impact on various regions and major countries and on the future development of the industry is pointed out.

The Canadian Flexible Packaging Market is expected to register a CAGR of 4.6%, during the forecast period (2021 - 2026).

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Top Key Players in the Global Canada Flexible Packaging Market is 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, and others. 

Industry News and Update:

- October 2019 - ProAmpac showed sustainable, flexible packaging solutions at SupplySide West 2019. It demonstrated four products, such as ProActive Recyclable, ProActive PCR, ProActive Renewable, and ProActive Compostable.

- June 2019 - ePac Flexible Packaging announced the expansion into the Canadian market, with its first manufacturing plant in Vancouver. ePac Vancouver is a partnership between ePac Holdings and Smartpak Holdings Ltd, and it is expected to serve the Canadian market, with a focus on the Western Canadian provinces.

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, may be 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.
- With the recent outbreak of COVID-19, the market may witness a significant slowdown in production, due to lockdown of the country. However, flexible packaging manufacturer is closing the gaps, by ensuring that food and medical supplies should reach the people in the time of crisis, thereby, maintaining the performance of the food industry in the flexible packaging market in the region.

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This Global Canada Flexible Packaging Market report addresses:

– The Market size from 2016-2021

– Expected market growth until 2026

– Forecast of how market drivers, restraints, and future opportunities will affect

– Segment and regions that will drive or lead the market growth and why

– Comprehensive mapping of the competitive landscape

– In-depth analysis of key sustainability strategies adopted by market place.                              

Frequently Asked Questions about Global Canada Flexible Packaging market:

– What are the recent developments and government policies?
– Why might we forecast a downturn in a particular economy next year?
– Why do we say the currency is set to appreciate?
– What countries and sectors offer the highest potential?
– Where are the greatest dangers?              

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides Global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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