Canada Paper & Paperboard Packaging Market Outlook

Canada’s paper and paperboard packaging market is poised to remain a lucrative sector for years to come. with a steady increase in demand from businesses and consumers, as well as an ever-growing population, the outlook for the market is strong. the market was valued at cad 3.8 billion in 2018, and is expected to grow at a cagr of 3.4% from 2018 to 2032, to reach approximately cad 7.1 billion by 2032. a key factor for the growth of the canadian paper and paperboard packaging market is the increasing demand for product packaging. this includes household, industrial, and commercial applications, with a focus on sustainable packaging. with sustainability becoming an increasingly important part of businesses’ strategies, many companies are investing in paper and paperboard packaging that can be reused, recycled, and biodegraded. this, in turn, is driving demand for recycled paper and paperboard packaging in canada, creating opportunities for market growth. in terms of geographical analysis, the market is dominated by central canada. provinces such as british columbia, alberta, and ontario account for the majority of paper and paperboard packaging demand. ontario alone accounts for approximately half of the national demand for the product, due to its larger population and presence in many key industries. moving forward, there are expected to be opportunities for growth in eastern canada, as demand in the region increases. the market is also being bolstered by the increasing demand for convenience, as well as convenience-driven packaging solutions. products such as take-away and grab-and-go meals, for example, rely heavily on paper and paperboard packaging. moreover, the trend of e-commerce is also driving demand for different kinds of paper and paperboard packaging solutions. finally, there are also expected to be opportunities for growth in terms of the development of new, innovative products. with advances in technology, new packaging solutions that are more eco-friendly and efficient are being developed, creating opportunities for market growth. ultimately, the picture for the canadian paper and paperboard packaging market is positive. with a steady increase in demand from businesses and consumers alike, along with a focus on sustainable packaging, the outlook for the sector looks very favourable over the next 12 years.