Canada Plastics Market to reach $35.2 Billion by 2030; the growing usage of plastics in several industries, growing demand for biodegradable, bio-based plastics & high-performance plastics, technological advancements such as development of nanocomposites and hybrid materials and sustainable manufacturing processes are driving the demand for plastics in Canada.

Canada Plastics Market size is estimated to reach $125 Billion by 2030, growing at a CAGR of 6.1% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “ Canada Plastics Market – By Polymer Type (Thermoplastics and Thermosets), By Type (Synthetic and Bio Plastic), By Process (Film Extrusion, Pipe/Profile Extrusion, Sheet Extrusion, Injection Molding, Blow Molding, Fiber Extrusion, and Others), By End Use (Packaging, Building and Construction, Transportation, Manufacturing, Electrical & Electronics, Household, Leisure & Sports, Agriculture, Textile, Medical & Pharmaceuticals and Others), Global Opportunity Analysis & Industry Forecast, 2024-2030”

The main driver of the Canada Plastics market is the rise in usage of plastics in several industries for various applications which in turn leads to the demand for advanced plastics. Additionally, the rising demand for bio degradable and high-performance plastics are also fueling the growth of the Canada Plastics industry during the forecast period. 

Canada plastics Market is dominated by packaging segment in 2023. Consumers increasingly prefer convenient packaging solutions for various products, including food, beverages, and personal care items. The rise in online shopping has led to a higher demand for packaging materials to protect products during shipping. For instance, according to ECDB data, Canada is the 16th largest market for eCommerce with a predicted revenue of US$35,225.6 million by 2024. With an expected increase of 5.5% in 2024, the Canadian eCommerce market contributed to the worldwide growth rate of 10.1% in 2024. Like in Canada, global eCommerce sales are expected to increase over the next years. Additionally, advancements in packaging process are driving the growth of plastics industry in Canada.  

The sustainable manufacturing processes are fueling the growth of Canada Plastics market significantly as a result of increased focus on environmental responsibility and sustainability. The shift towards a circular economy model is boosting the demand for recycled plastics. Manufacturers are increasingly incorporating recycled materials into their products to reduce reliance on virgin plastic feedstocks. A circular economy aims to maximize value and eliminate waste by improving the design of materials, products, systems and business models. Circular economy strategies encourage the design of long lasting, reusable and easily recyclable products. Additionally, Stricter regulations on plastic waste and pollution are compelling manufacturers to adopt recycling practices and invest in advanced recycling technologies. Such factors are driving the growth of Canada Plastics market. 

The rise in usage of plastics in several industries is driving the growth of the Canadian plastics market. Plastics are used extensively in construction for insulation, pipes, and other building materials. The growing construction industry in Canada is driving demand for plastic products. Additionally, the rise in production is also fueling the growth of the market. For instance, in March, 2024, PacifiCan announced $1,628,450 in funding for two innovative companies in Delta, British Columbia- Plascon Plastics Corporation and GridGear Solutions Ltd. This initiative is part of the Business Scale-up and Productivity program, aimed at fostering local growth and enhancing global competitiveness. Plascon Plastics will receive over $1.2 million to expand its manufacturing capacity for sustainable plastic injection moulding. Injection moulding is a process for producing parts by injecting molten plastic into a mould. Plascon Plastics is innovating in the use of post-consumer recycled materials such as recycled plastics, used car tires and carpet fibres in the injection moulding process. 

Key companies profiled in the Canada Plastics Market are Amcor Plc, NOVA Chemicals Corp, Winpak Ltd., Dow Chemicals Canada Ltd., DuPont Canada, Sonoco Products Company, Mondi, Merlin Plastics, Transcontinental Inc., SABIC and Others. 

Canada Tobacco Market - The global stretchable conductive material market size is forecast to reach US$ 1.8 billion by 2027, growing at a CAGR of 26.4% from 2022 to 2027. The stretchable conductive materials have ability to conduct heat or electricity with high elasticity which widens the range of applications. These materials usually use plastics, polymers or composites. 

North America Industrial Adhesives Market - The North American Industrial Adhesives market size is estimated to reach US$9.5 billion by 2027 after growing at a CAGR of about 7.5% from 2022 to 2027. Industrial adhesives are organic and inorganic chemical compounds which are used to join components.  

U.S & Canada Strawberry Market - The U.S & Canada Strawberry Market size is estimated to reach $12,503.3 million by 2030, growing at a CAGR of 5.3% during the forecast period 2024-2030. The U.S. & Canada Strawberry market is characterized by high demand due to the fruit's popularity for fresh consumption and use in various processed forms such as juices, jams, and desserts.