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Canada - Plastic Packaging - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

Canada - Plastic Packaging - Market Analysis, Forecast, Size, Trends and Insights

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Apr 6, 2023

Plastic Packaging Price in Canada Raised to $5,157 per Ton

Canada Plastic Packaging Import Price in December 2022

In December 2022, the plastic packaging price amounted to $5,157 per ton (CIF, Canada), picking up by 3.9% against the previous month. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in January 2022 when the average import price increased by 6.5% month-to-month. The import price peaked at $5,202 per ton in May 2022; afterwards, it flattened through to December 2022.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($5,800 per ton), while the price for China ($3,514 per ton) was amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by South Korea (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Canada Plastic Packaging Import Prices by Type

There were significant differences in the average prices amongst the major supplied products. In December 2022, the product with the highest price was carboys, bottles and similar articles of plastics ($7,287 per ton), while the price for plastic boxes, cases, crates and similar packing articles ($4,598 per ton) was amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by plastic bottle (+1.0%), while the prices for the other products experienced more modest paces of growth.

Canada Plastic Packaging Imports

In December 2022, the amount of plastic packaging imported into Canada shrank remarkably to 27K tons, reducing by -15.6% on the previous month. Overall, imports recorded a mild curtailment. The most prominent rate of growth was recorded in March 2022 when imports increased by 32% m-o-m. Over the period under review, imports attained the maximum at 36K tons in October 2022; however, from November 2022 to December 2022, imports failed to regain momentum.

In value terms, plastic packaging imports contracted to $138M (IndexBox estimates) in December 2022. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in March 2022 when imports increased by 25% against the previous month. Imports peaked at 176K tons in August 2022; however, from September 2022 to December 2022, imports remained at a lower figure.

Canada Plastic Packaging Imports by Type

Plastic sacks and bags (11K tons), plastic boxes, cases, crates and similar packing articles (10K tons) and carboys, bottles and similar articles of plastics (5.4K tons) were the main products of plastic packaging imports to Canada.

From December 2021 to December 2022, the most notable rate of growth in terms of purchases, amongst the major product types, was attained by plastic box (with a CAGR of -0.3%), while imports for the other products experienced a decline.

In value terms, plastic sacks and bags ($53M), plastic boxes, cases, crates and similar packing articles ($46M) and carboys, bottles and similar articles of plastics ($39M) were the most imported types of plastic packaging in Canada.

Canada Plastic Packaging Imports by Country

In December 2022, the United States (17K tons) constituted the largest supplier of plastic packaging to Canada, with a 63% share of total imports. Moreover, plastic packaging imports from the United States exceeded the figures recorded by the second-largest supplier, China (6.5K tons), threefold. The third position in this ranking was taken by Thailand (520 tons), with a 1.9% share.

From December 2021 to December 2022, the average monthly rate of growth in terms of volume from the United States was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: China (-0.2% per month) and Thailand (-0.9% per month).

In value terms, the United States ($97M) constituted the largest supplier of plastic packaging to Canada, comprising 70% of total imports. The second position in the ranking was held by China ($23M), with a 17% share of total imports. It was followed by Taiwan (Chinese), with a 1.7% share.

From December 2021 to December 2022, the average monthly rate of growth in terms of value from the United States was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: China (-0.9% per month) and Taiwan (Chinese) (+2.0% per month).

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the plastic packaging market in Canada. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 22221300 - Plastic boxes, cases, crates and similar articles for the conveyance or packing of goods
  • Prodcom 22221100 - Sacks and bags of polymers of ethylene (including cones)
  • Prodcom 22221200 - Plastic sacks and bags (including cones) (excluding of polymers of ethylene)
  • Prodcom 22221450 - Plastic carboys, bottles, flasks and similar articles for the conveyance or packing of goods, of a capacity . 2 litres
  • Prodcom 22221470 - Plastic carboys, bottles, flasks and similar articles for the conveyance or packing of goods, of a capacity > 2 litres

Country coverage:

  • Canada

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Canada
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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