LONDON, Dec. 18, 2017 /PRNewswire/ -- Trends and Opportunities in the Canadian Packaging Industry: Analysis of changing packaging trends in the food, cosmetics & toiletries, beverages and other industries
Download the full report: https://www.reportbuyer.com/product/5251043 SummaryPackaging industry in Canada is estimated to grow approximately to 50,000 million units by 2021, registering a CAGR of 1.4%. This growth will be largely influenced by consumers' increasingly hectic lifestyles demanding on-the-go, small-sized packages that facilitate easy handling. Variety-seeking consumers are also inclined towards novel and premium products that come in luxurious packaging to enhance their look and feel. In addition to this, consumers' growing environmentalism will continue to drive the growth of eco-friendly packages in the country.
Canadian packaging industry is characterized by functional, on-the-go, sustainable, and personalized packs. In terms of material, rigid plastics and flexible packaging have gained the most market share with 1.7% and 0.3% gains, respectively, during 2016-2021 because of their light weight, cost-effectiveness, and small pack sizes. These pack materials are used in the soft drinks, dairy, and bakery & cereals categories. On the other hand, rigid metal, glass, and paper & board are forecast to lose shares of 0.9%, 0.7%, and 0.4%, respectively, during 2016-2021.
Rigid plastics accounted for 32.5% share in 2016 and are projected to grow at a CAGR of 2.5% during 2016-2021. It is the preferred material by manufacturers as it helps to protect/preserve food over long periods and is very malleable. Additionally, these packs are cost-effective and lightweight, making them convenient for FMCG products. Food and soft drinks products are the major users of rigid plastics.
Flexible packaging is forecast to grow at a CAGR of 1.6%, with major contributions from the food industry. This growth is largely driven by its low cost, flexibility, convenience, and low carbon footprint compared to rigid plastics. As a result, manufacturers prefer to use flexible packaging for products such as bakery & cereals, dairy, and confectionery for a conveniently packaged, and cost-effective, product.
The report "Trends and Opportunities in the Canadian Packaging Industry", provide a comprehensive overview of the Packaging industry in Canada. It includes Market Overview, Growth in use of Pack Material by Sector, Analysis of Key Packaging Materials, Trends and Future Outlook.
This report brings together multiple data sources to provide a comprehensive overview of the Packaging industry in Canada, as part of our coverage of the industry across 20 countries.
It includes analysis on the following -- Market Overview: Provides an overview of the usage of different packaging materials across different industries in terms of the number of units, packaging share and growth rates during 2011-2021- Growth in use of Pack Material by Sector: Provides an overview of the shift in the utilization of various packaging materials across sectors during 2016-2021- Key Packaging Materials: Includes data and analysis - number of units (Millions), volumes (Million kg/lit/units), growth rates - for five packaging types viz. Rigid Plastics, Rigid Metal, Glass, Paper & Board, Flexible Packaging and Others (other than the afore mentioned five types) during 2016-2021.- It also covers: Sub-material - Includes Aluminum, Aluminum foil/paper/plastic, Brick, Flexible Plastic, Gable Top, Glass, HDPE, Metal, Paper, Paper & Board, PET, Plastic, Ready Metal Trays, Shaped, Thin-Walled and Others- Container Type: Includes Aerosol, Jar, Can - Food, Bag/Sachet, Pouch, Tray, Tub, Carton, Film, Tin, Bottle, Box, Blister Pack, Foil, Wrapper, Clamshell, Tube, Can - Composite, Can - Drink, Other Line Items, Sleeve, Can - Paint, Keg/Drum, Cup, Bag-in-Box, Specialty Cosmetic Containers and Others- Closure Material: Includes Metal, natural, Plastic, Synthetic and Others- Closure Type: Includes Cap, Twist Off, Prize Off, Foil, Film, Screw Top, Stopper, Dispenser, Flip/Snap Top, Sports Cap, Plastic Tie, Crown, Lever Closure and Others- Outer Material: Includes Flexible, Paper & Board, Rigid Plastic and Others- Outer Type: Includes Box, Sleeve, Bag, Shrink Wrap, Blister Pack and Others- Trends, Case Studies and Future Outlook: Provides an understanding of the ongoing packaging trends in the country - convenience, affordability, multi-packs, eco-friendly etc.- across the five packaging materials. The report also provides a view into the future prospects of the packaging industry. The case studies in each packaging section gives a success example highlighting the packaging innovations, strategies and best practices
Reasons to buy
- Packaging companies and retailers seek the latest information on consumer trends and opportunities to formulate their sales and marketing strategies. There is also demand for authentic market data with a high level of detail. This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities of growth within the CPG market.
- As consumer product demand evolves the dynamics between different packaging types also evolves favoring some packaging types and formats and leaving others increasingly out of line with demand patterns. As a result, understanding the shifting market dynamics is key to ensuring maximum sales in the future.
- The differential growth across different packaging materials and formats drive fundamental shifts in the market. These differentials result from various factors such as changing consumer preferences, regulatory compliance, and innovation within the packaging market
- The report is a unique combination of in-depth qualitative analysis and authoritative packaging data for the years 2011-2021. Each packaging material has detailed data breakdown by packaging type, closure material, closure type, outer material, and outer type.
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