Canada Multilayer Flexible Packaging Market To Reach $3.32 Billion By 2030

Canada Multilayer Flexible Packaging Market Growth & Trends

The Canada Multilayer Flexible Packaging market size is expected to reach USD 3.32 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.6% from 2023 to 2030. The demand for packaging solutions for industry multilayer flexible packaging in the food & beverage industry is anticipated to grow owing to the application of bags, pouches, sachets, wrapping films, and stick packs in packing powdered drinks, savory snacks, baby food, dry fruits & nuts, fruits, meat, seafood, and fruits and vegetables.

Additionally, the demand for multilayer flexible packaging is increasing consumption in the cosmetics and personal care products industry. These packaging solutions are widely adopted by manufacturers in this industry for packaging beauty products such as lotions and foundations due to their excellent barrier properties providing protection, preservation, and aesthetic appeal to the products.

The Canada multilayer flexible packaging industry is characterized by the presence of key players in the market such as Amcor plc, Mondi Group, Berry Global, Inc., Constantia Flexibles, Transcontinental, Inc., Huhtamaki, and others withtheir manufacturing and distribution locations present across the region. These companies are involved in agreements with raw material suppliers and distributors to lower their cost of production, constant supply of raw materials, and gain a competitive edge over other local players. For Instance, In June 2022, ePac Holdings, LLC announced to add a third manufacturing and sales location in Quebec, Canada. The company already has operations in Toronto and Vancouver. Through this expansion, the company expects to serve the Consumer-Packaged Goods (CPG) brands in Quebec province.

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Canada Multilayer Flexible Packaging Market Report Highlights

• The plastics segment accounted for the largest market share of 49.6% in 2022 in terms of revenue and is expected to grow at a CAGR of 4.7% during the forecast period. This is attributed to the abundant availability of virgin wood and wastepaper at a lower cost

• The pouches & sachets recorded the largest market share of 35.7% in 2022 owing to the convenience in packaging formats offering opening and reclosing options that makes it ideal for on-the-go consumption

• The 5-layer segment is anticipated to grow at the fastest CAGR of 5.1% during the forecast period 2023-2030 owing to improved barrier and protection properties compared to the traditional packaging solutions which makes it suitable for products that require high levels of protection, such as food, and personal care items

• The cosmetics & personal care segment is expected to grow at the fastest CAGR of 5.1% during the forecast period 2023-2030. The industry being highly competitive, packaging can be an essential aspect of brand differentiation. Multilayer flexible packaging solutions offer a range of customization options, such as printing, embossing, and finishing, that can help brands create packaging that is unique and attractive to consumers

• Mergers & acquisitions, collaborations, R&D activities, and expansions are the key strategies being adopted by the companies over the past years. For instance, In December 2022, Amcor plc, a flexible packaging manufacturer, announced a collaboration with ExxonMobil to purchase polyethylene material for its food and healthcare packaging industries

Canada Multilayer Flexible Packaging Market Segmentation

Grand View Research has segmented the Canada multilayer flexible packaging market report based on material, product, layer structure, and end-use:

Canada Multilayer Flexible Packaging Material Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Plastics

• Paper

• Aluminum Foil

Canada Multilayer Flexible Packaging Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Bags

• Pouches and Sachets

• Wrapping Films

• Laminates

• Others

Canada Multilayer Flexible Packaging Layer Structure Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• 3 Layers

• 5 Layers

• 7 Layers

• More than 7 Layers

Canada Multilayer Flexible Packaging End-Use Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Food and Beverages

• Pharmaceuticals

• Automotive

• Cosmetics and Personal Care

• Homecare

• Electricals and Electronics

• Agriculture and Allied Industries

• Textiles and Apparels

List of Key Players of Canada Multilayer Flexible Packaging Market

• Amcor plc

• Glenroy Inc.

• Mondi Group

• Berry Global, Inc.

• Constantia Flexibles

• Transcontinental, Inc.

• Huhtamaki Flexible Packaging

• Uflex Limited

• WINPAK LTD.

• Sonoco Products Company

• Sealed Air

• WestRock Company