Market Trends of Canada Flexible Plastic Packaging Industry
Polyethylene (PE) to Witness Major Growth
- Polyethylene is primarily used for packaging plastic bags, plastic films, geomembranes, etc. It is a lightweight, partially crystalline, and thermoplastic resin with high resistance to chemicals, low moisture absorption, and sound-insulating properties.
- High-density polyethylene is a type of plastic created by polymerizing ethylene molecules linearly. The process of producing HDPE is similar to that of LLDPE, with comparable temperatures and pressures. However, unlike LLDPE, HDPE has very minimal branching. This unique characteristic gives HDPE films a distinct stiffness, which sets them apart from their LDPE counterparts.
- Despite their rigidity, HDPE films are still flexible and durable, making them ideal for multiple applications. However, one drawback of HDPE films is their poor transparency. When compared to LDPE films, HDPE films are not as clear, which may limit their use in certain applications.
- According to Statistique Canada, in August 2022, Canada鈥檚 retail e-commerce sales were CAD 3,775.46 (USD 2,783.41), and it reached CAD 3,902.9 (USD 2,877.20 ) million in March 2023, marking an expansion. Such a huge rise in e-commerce sales would push the flexible plastic packaging players in the country to develop new products, such as films, pouches, bags, wraps, etc., to cater to the customer鈥檚 various needs and expand their market share.
Understand The Key Trends Shaping This Market
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Food Sector to Witness Growth
- Diverse nature of fishery products, including various types of fish, requires customized packaging solutions to accommodate different sizes, shapes, and packaging formats. Flexible packaging may be tailored to meet the specific requirements of each type of product, providing efficient and effective packaging solutions for exporters.
- The increase in exports of fishery products from Canada opens new markets and opportunities for flexible packaging manufacturers. As exporters seek packaging solutions that meet international standards and regulations, there is a growing demand for flexible packaging materials that offer reliability, performance, and compliance with export requirements.
- According to Statistics Canada, in August 2023, exports of fish, crustaceans, shellfish, and other fishery products from Canada amounted to approximately CAD 274 million (USD 201.98 million). When compared with August 2020, the exports amounted to CAD 260 million (USD 191.68 million).
- As exporters seek packaging solutions that meet international standards and regulations, there will be a growing demand for flexible packaging materials. This demand is driven by the need for packaging that offers reliability, performance, and compliance with export requirements. As a result, manufacturers of flexible packaging materials will see increased demand for their products.
- The opening of new markets for fishery products from Canada means that there will be a need for packaging solutions in these new regions. This expansion of export markets allows plastic flexible packaging manufacturers to enter and cater to these markets with their products.
