Canada Plastics Market - Forecast(2024 - 2030)

Report Code: CMR 1371 Report Format: PDF + Excel

Canada Plastics Market Overview

Canada Plastics Market size is forecast to reach US$31.9 billion by 2027, after growing at a CAGR of 3.3% during 2022-2027. Some of the major plastics used in the end-use industries like building and construction, packaging, transportation and others include polyurethane, polyethylene terephthalate (PET/PETE), polypropylene (PP) and polyvinyl-chloride (PVC), polystyrene, polyurethane and others. Plastic waste reduction and various recycling programs have become a priority around the globe for both developed and developing nations. As a result, governments in Canada are introducing policies and regulations to regulate the production of waste, to promote the reuse and recycling of plastic waste, and to encourage the comprehensive disposal of waste. In order to encourage efficient waste management, governments also implement landfill taxes, waste disposal taxes, recycling credit programs, deposit rebate systems, etc. It is expected that these steps by governments in different states will further promote the growth of the plastics industry. The government of Ontario are taking actions to reduce plastic pollution in the Great lakes. So, they are innovating new technologies such as nanotechnology, genetic modification and advanced chemical processes to help reduce plastic pollution by developing natural substitutes and producing more biodegradable plastics.

Covid-19 Impact

According to World Health Organization, 2020, about 3, 06,468 people in Canada is affected with COVID-19 with total fatality rate of 11,086 till now. However, increasing healthcare expenditure is also contributing to the market growth. Rising geriatric populations, growing cardiovascular diseases, inflating disposable incomes, and constant product advances can be accredited to the growth of the healthcare industry. In this context, the use of plastic products has necessitated higher production costs for virgin resins, thus improving the growth of the plastics industry.

Report Coverage

The report “Canada Plastics Market– Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the Canada Plastics Industry.

By Polymer Type: Thermoplastics (Polyethylene (PE) (Low-Density Polyethylene (LDPE), High-Density Polyethylene (HDPE), Linear Low-Density Polyethylene (LLDPE), Others), Polypropylene (PP) (Homopolymer, Co-polymer, Polyvinyl-chloride (PVC), Polyethylene Terephthalate (PET)), Polystyrene (PS) (Expanded Polystyrene (EPS), Extruded Polystyrene (XPS), Others), Acrylonitrile Butadiene Styrene (ABS) ( Polyamides (PA), Polyamides 6, Polyamides 66, Others), Polycarbonate (PC), Poly methyl Methacrylate (PMMA), Thermoplastic Elastomers (TPEs) (Styrenic Block Copolymers (SBC) (Styrene-Ethylene-Butylene-Styrene (SEBS), Others), Vulcanized Thermoplastic Elastomer (TPV), Copolyester Thermoplastic Elastomers (COPEs), Thermoplastic Polyamides (COPA-Copolyamides), Thermoplastic Olefins (TPE-O), Thermoplastic Polyurethane Elastomers (TPU), Thermoplastic PVC Elastomers, Others), Polyarylsulfone (PSU), Fluoropolymers, Polyether Ether Ketone (PEEK), Polybutylene Terephthalate (PBT), and Others), Thermosets (Polyurethane (PUR), Unsaturated Polyester, Epoxy, Vinyl Ester, Silicone, Phenol – formaldehyde, Urea –formaldehyde, Phenolic, Acrylic, Natural Rubber (NR), Synthetic Rubber (SR) (Styrene Butadiene Rubber (SBR), Polybutadiene Elastomer (BR), Nitrile Rubber (NBR), Fluoroelastomer, and Others), and Others
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
By Geography: Quebec, Ontario, Alberta, and Rest of Canada

Key Takeaways

  • Ontario dominates the Canada Plastics Market owing to rapid increase in packaging and construction sector.
  • Rising plastic consumption is expected to drive the demand for plastic over the forecast period in the building, automotive, and electrical and electronics industries.
  • Plastics are used in various industries and according to Canadian Government statistics, about 39% are used in packaging, 33% in construction, 14% in automotive and 14% in other applications.
  • Stringent government regulation on banning polymer products is hampering the market growth.

Figure: Canada Plastics Market Revenue Share, By End-Use Industry, 2021 (%)

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Canada Plastics Market Segment Analysis - By Polymer Type

Thermoplastics segment held the largest share of 72% in the Canada Plastics Market in 2021. Polyethylene Terephthalate (PET/PETE), Polypropylene (PP) and Polyvinyl-chloride (PVC) are the utmost used polymers in the world and is a high gloss, crack-resistant transparent plastic. As a raw material, PET is considered as a safe, strong, lightweight, flexible, and non-toxic material that can be effortlessly recycled. It is extensively used in numerous applications such as automotive, food and beverage packaging, and electronics. The growing demand for bottled drinks and glass and metal container replacements finds no better alternatives to PET, due to its versatility in shape and size. It is entirely recyclable and also the highest recycled plastic in the U.S and Canada. It is recycled by carefully washing and re-melting it, or by chemically breaking it down to its component materials to make new PET polymer. For instance, the Canada PET recycling rate was 27.9% in 2019. Rising demand of polyethylene terephthalate in food and beverages packaging such as carbonated soft drinks packaging contributed to the growth of the polyethylene terephthalate market which increasing the growth rate of Canada plastics market.

Canada Plastics Market Segment Analysis - By End-Use Industry

Packaging sector held the largest share in the Canada plastics market in 2021 and is estimated to rise at a CAGR of 3.1% in terms of revenue during the forecast period from 2022-2027. Increase in disposable income and changing consumer behavior is certainly anticipating the market growth of Canada plastics. Furthermore, Canada is witnessing an increasing growth in food services sales, which, in turn, is boosting the market studied. Besides, a group of more than 40 Canadian companies from leading brands to waste management firms, government institutions, and NGOs have unveiled the Canada Plastics Pact, a plan to recycle or compost 50 per cent of Canada’s plastic packaging by 2025. The companies represent diverse parts of the plastics value chain, and include Canadian Tire Corp., the Circular Plastics Task Force, Coca-Cola Canada, EFS Plastics Inc., Loblaw Companies Ltd., Merlin Plastics, Nestlé Canada, PAC Packaging Consortium, Unilever Canada, and Walmart Canada. Plastic packaging accounts for 47 percent of all plastic waste, it is the immediate focus of the CPP’s collective efforts, which will centre around four targets by 2025. Thus, anticipating the growth of Canada plastics market in the different company in the forecast period.

Canada Plastics Market Drivers

Rising Demand of Recycle Plastic Consumption in Construction and Automotive Sector

Recycling plastics is helping to save energy and landfill space and are used in new building and construction applications. Recycled plastics can be blended with virgin plastic to reduce cost without sacrificing performance and consuming plastics as a primary construction material is sufficient to encounter the average annual energy needs of 4.6 million Canadian households which equivalent of all the households in 11 out of 50 states. The rapid increase in applications like roofing tiles, concrete for sideways, driveways and more for its properties like lighter material, durability, long term energy saving. Demand of plastics for interior components in automotive industry is expected to increase largely owing to the increased focus on lightweight and fuel-efficient vehicles. Demand is expected to gain more traction with the improvement in economic conditions. Regulations aimed at lowering gross vehicle weight in order to increase fuel efficiency and ultimately minimize carbon emissions have facilitated the use of plastics for the manufacturer of automotive components as a replacement for metals, including aluminum and steel. Also, owing to the strict regulations on carbon emissions and price sensitivity of some end-users, vehicle manufacturers choose plastics in their designs as per the Canadian government. For instance, in 2020 Plastic Component Industries (PCI) has introduces its first international facility in Ontario, Canada. And invested US$4 million, which will help to strengthen the company’s global footprint by catering to Ontario’s resilient automotive sector. PCI supplies automotive parts to various tier 1 companies and OEMs. Thus, increasing the demand of plastics in the automotive sector, boosting the Canada plastics market.

Increase in Demand of Medical Grade Plastic

The market growth is expected to be driven by compliance and upgrading of different infection prevention standards, combined with a rising amount of surgical, hospital, and outpatient procedures. The increased buyer power in the next few years is projected to be high production volumes coupled with the ease of availability of plastics in medical sector. There has been an increased affinity for recycling of plastics among the governing agencies in the states in Canada. In the development of disposable devices such as syringes, inhalation masks, catheters, and other surgical instruments, cost-effective medical plastics have paved their way. These plastics, as an alternative to other raw materials, provide greater protection and antimicrobial functionality. Thereby, medical plastics industry acquires huge demand from healthcare sector owing to decontamination and secured containment of diagnostic samples.

According to World Health Organization, 2020, about 3, 06,468 people in Canada is affected with COVID-19 with total fatality rate of 11,086 till now. COVID-19 is said to be one of the leading causes of death globally. The increasing incidence of virus has increased the need for Plastics in the form of LDPE disposable medical gloves which are required during treatment of COVID-19 and packaging material for the vaccines. With a growing number of COVID-19 cases and deaths caused by a lack of preventive measures, the need for virus protection is rising. Thus, the Plastics Market is majorly driven by this factor and government’s focus on protective healthcare products for the reduction of COVID-19 cases. Increasing healthcare expenditure is also contributing to the market growth. Rising geriatric populations, growing cardiovascular diseases, inflating disposable incomes, and constant product advances can be accredited to the growth of the healthcare industry. In this context, the use of plastic products has necessitated higher production costs for virgin resins, thus improving the growth of the plastics industry. 

Canada Plastics Market Challenges

Stringent Government Regulations and Banning of Polymer Products

The FDA has pressurized manufacturers to submit data regarding the long-term health impact of inorganic substances in Plastics particularly hormonal effects and contributors to anti-biotic resistant bacteria, to ascertain the safety of medical use Plastics products like gloves. These regulations are to ensure the safety of consumers by regulating the hygiene quality product by the manufacturers. Material use regulations are likely to impact the growth of the plastics industry. In response to increasing concerns about the harm caused by polymers to the environment, strict government legislation and other policies have come into the picture. Many producers and policymakers have made efforts to introduce greener and non-polymer alternatives to minimize environmental pollution caused by the use of polymers.

Canada Plastics Industry Outlook

Technology launches, acquisitions and R&D activities are key strategies adopted by players in this market. Maleic Acid . Major players in the Canada Plastics Market are

  1. Exxon Mobil Chemicals
  2. DuPont de Nemours, Inc.
  4. Eastman Chemical Company
  5. Solvay
  6. Evonik Industries
  7. Nova Chemicals
  8. Celanese Corporation
  9. Arkema and among others.

Recent Developments

  • In 2021, the Ontario government invested more than US$18.8 million by three Southwestern Ontario companies, some with connections to the plastics industry and to try and help strengthen local manufacturing, create good jobs and attract investment to Cambridge and the surrounding region.
  • In 2021, Loop launched reusable/returnable plastic packaging platform in Canada with Retail Partner Loblaw, bringing waste-free shopping for a range of food and household products, including Loblaw own-brand items, in reusable packaging to Canada

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Canada Polyamide Market - Forecast(2022 - 2027)

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Specialty Plastics Market - Forecast(2022 - 2027)

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1. Canada Plastics Market- Market Overview
    1.1 Definitions and Scope 
2. Canada Plastics Market- Executive Summary
    2.1 Key Trends by Polymer Type
    2.2 Key Trends by Type
    2.3 Key Trends by Process
    2.4 Key Trends by End-Use 
    2.5 Key Trends by Geography
3. Canada Plastics Market– Comparative analysis 
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Canada Plastics Market- Startup companies Scenario Premium Premium 
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Canada Plastics Market– Industry Market Entry Scenario Premium Premium 
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Canada Plastics Market- Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes 
7. Canada Plastics Market– Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies 
8. Canada Plastics Market– By Polymer Type (Market Size -US$ Million/Billion)
    8.1 Thermoplastics
        8.1.1 Polyethylene (PE)
   Low-Density Polyethylene (LDPE)
   High-Density Polyethylene (HDPE)
   Linear Low-Density Polyethylene (LLDPE)
        8.1.2 Polypropylene (PP)
        8.1.3 Polyvinyl-chloride (PVC)
        8.1.4 Polyethylene Terephthalate (PET)
        8.1.5 Polystyrene (PS)
   Expanded Polystyrene (EPS)
   Extruded Polystyrene (XPS)
        8.1.6 Acrylonitrile Butadiene Styrene (ABS)
        8.1.7 Polyamides (PA)
   Polyamides 6
   Polyamides 66
        8.1.8 Polycarbonate (PC)
        8.1.9 Poly methyl Methacrylate (PMMA)
        8.1.10 Thermoplastic Elastomers (TPEs)
   Styrenic Block Copolymers (SBC)
       Styrene-Ethylene-Butylene-Styrene (SEBS)
   Vulcanized Thermoplastic Elastomer (TPV)
   Copolyester Thermoplastic Elastomers (COPEs)
   Thermoplastic Polyamides (COPA-Copolyamides)
   Thermoplastic Olefins (TPE-O)
   Thermoplastic Polyurethane Elastomers (TPU)
   Thermoplastic PVC Elastomers
        8.1.11 Polyarylsulfone (PSU)
        8.1.12 Fluoropolymers
        8.1.13 Polyether Ether Ketone (PEEK)
        8.1.14 Polybutylene Terephthalate (PBT)
        8.1.15 Others
    8.2 Thermosets
        8.2.1 Polyurethane (PUR)
        8.2.2 Unsaturated Polyester
        8.2.3 Epoxy 
        8.2.4 Vinyl Ester
        8.2.5 Silicone
        8.2.6 Phenol - formaldeyhde
        8.2.7 Urea - formaldeyhde
        8.2.8 Phenolic
        8.2.9 Acrylic
        8.2.10 Natural Rubber (NR)
        8.2.11 Synthetic Rubber (SR)
   Styrene Butadiene Rubber (SBR)
   Polybutadiene Elastomer (BR)
   Nitrile Rubber (NBR)
    8.2.12 Others 
9. Canada Plastics Market– By Process (Market Size -US$ Million/Billion)
    9.1 Film Extrusion 
    9.2 Pipe/Profile Extrusion 
    9.3 Sheet Extrusion 
    9.4 Injection Molding 
    9.5 Blow Molding 
    9.6 Fiber Extrusion
    9.7 Others
10. Canada Plastics Market– By Type (Market Size -US$ Million/Billion)
    10.1 Synthetic
    10.2 Bio Plastic
        10.2.1 Biodegradable
   PBAT (Polybutylene Adipate Terephthalate)
   PBS (Phosphate-buffered saline)
   PLA (Polylactic acid)
        10.3 Bio-based/ Non-Biodegradable
        10.3.1 PE (Polyethylene)
        10.3.2 PET (Polyethylene terephthalate)
        10.3.3 PA (Polyamides)
        10.3.4 (Polytrimethylene Terephthalate)
        10.3.5 Others
11. Canada Plastics Market - By End-Use Industry (Market Size-US$ Million/Billion)
    11.1 Packaging
        11.1.1 Food Packaging
        11.1.2 Beverage Packaging
        11.1.3 Cosmetics Packaging
        11.1.4 Pharma Packaging
        11.1.5 Industrial Packaging
        11.1.6 Others
    11.2 Building & Construction
        11.2.1 Residential Construction
   Independent Homes
   Row Houses
   Large Apartment Buildings
        11.2.2 Commercial Construction
        11.2.3 Infrastructure
   Roads & Highways
   Bridges & Tunnel
    11.3 Transportation
        11.3.1 Automotive
   Passenger Cars
   Light Commercial Vehicles
   Heavy Commercial Vehicle
   Off Road Vehicles
        11.3.2 Aerospace
        11.3.3 Marine
        11.3.4 Locomotive
    11.4 Manufacturing
        11.4.1 Food & Beverages (Upgrade and Maintenance)
        11.4.2 Machine Shops
        11.4.3 Industrial machinery fabrication
        11.4.4 Industrial machinery fabrication for the food & beverages industry
    11.5 Electrical & Electronics
    11.6 Household, Leisure & Sports
    11.7 Agriculture
    11.8 Textile
    11.9 Medical & Pharmaceuticals
    11.10 Others
12. Canada Plastics Market - By Geography (Market Size-US$ Million/Billion)
    12.1 Quebec
    12.2 Ontario
    12.3 Alberta
    12.4 Rest of Canada
13. Canada Plastics Market– Entropy
    13.1 New Product Launches
    13.2 M&As, Collaborations, JVs and Partnerships
14. Canada Plastics Market– Industry/Segment Competition Landscape Premium
    14.1 Company Benchmarking Matrix – Major Companies
    14.2 Market Share by Key Region - Major companies
    14.3 Market Share by Key Country - Major companies
    14.4 Market Share by Key Application - Major companies
    14.5 Market Share by Key Product Type/Product category - Major companies
15. Canada Plastics Market– Key Company List by Country Premium Premium
16. Canada Plastics Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    16.1 Company 1
    16.2 Company 2
    16.3 Company 3
    16.4 Company 4
    16.5 Company 5
    16.6 Company 6
    16.7 Company 7
    16.8 Company 8
    16.9 Company 9
    16.10 Company 10 and more
"*Financials would be provided on a best-efforts basis for private companies*"