Canada Sustainable Packaging Market to be Dominated by Food & Beverages Segment Through 2028
Canada Sustainable Packaging market
is increasing increasing consumer demand for sustainability
According to TechSci Research report, “Canada Sustainable Packaging Market
- By Region, Competition Forecast and Opportunities, 2018-2028F", Canada Sustainable Packaging market is
anticipated to increase at an impressive rate in the forecast period, 2024-2028.
Canada sustainable packaging market is expected to grow impressively through
2028, due to increasing consumer demand for sustainability.
The current state of packaging is marked
by excessive waste generation, reliance on non-renewable resources, and
pollution. Single-use plastics, non-recyclable materials, and excessive
packaging contribute significantly to the global waste crisis, posing a threat
to ecosystems, wildlife, and human health. Sustainable packaging aims to
address these issues by adopting principles of reduce, reuse, and recycle.
Canada has demonstrated a strong
commitment to environmental stewardship, reflected in its focus on sustainable
development and the transition to a circular economy. With a robust recycling
infrastructure, stringent regulations, and growing public awareness, Canadians
are increasingly demanding sustainable packaging solutions to mitigate the
impact of traditional packaging materials on the environment. Canadian
consumers are now being increasingly conscious of the environmental impact of
packaging materials.
They prioritize products packaged in
sustainable materials and actively seek out brands that demonstrate a
commitment to sustainability. This consumer demand is a significant driver of
the sustainable packaging market in Canada.
Canada's sustainable packaging market is
experiencing substantial growth and represents a promising avenue for
addressing environmental challenges. With increasing consumer awareness,
supportive government regulations, industry collaboration, and technological
advancements, the sustainable packaging market in Canada is poised for further
expansion. Embracing sustainable packaging practices will not only benefit
businesses by creating a competitive advantage but also contribute to a greener
and more sustainable future for all Canadians.
Sustainable packaging market in Canada
is experiencing remarkable growth, driven by various factors that reflect the
nation's commitment to environmental sustainability. From evolving consumer
preferences to supportive government initiatives, these drivers are
transforming the packaging landscape and propelling the adoption of sustainable
packaging solutions across the country.
Growth of Canada's sustainable packaging
market is driven by a convergence of factors, including increasing consumer
demand, supportive government regulations, circular economy goals, corporate
responsibility, technological advancements, collaborative efforts, and economic
benefits. As these drivers continue to shape the packaging landscape,
businesses that embrace sustainable packaging practices will thrive in an
environmentally conscious marketplace while contributing to a greener and more
sustainable future for Canada.
While the sustainable packaging market
in Canada faces challenges, they are not insurmountable. By addressing issues
such as supply chain complexities, technological limitations, cost
considerations, consumer education, and standardization, Canada can overcome
these obstacles and accelerate the adoption of sustainable packaging practices.
Through collaboration, innovation, and stakeholder engagement, the country can
build a thriving sustainable packaging market that contributes to a greener and
more sustainable future.
In response to growing environmental
concerns, businesses in Canada are increasingly adopting compostable and
biodegradable packaging materials. Compostable packaging made from renewable
resources, such as plant-based plastics, bio-based films, and compostable paper
products, has gained traction as an environmentally friendly alternative to
conventional packaging materials. This shift towards compostable and
biodegradable packaging aligns with the principles of a circular economy and
supports waste diversion from landfills.
Browse
over XX market data Figures spread through XX Pages and an in-depth TOC on "Canada SustainablePackaging Market."
Canada Sustainable
Packaging Market is segmented based on Process, Material Type, and End User
Industry.
Based on process, Canada sustainable
packaging market is divided into reusable packaging, degradable packaging, and recycled
packaging. Recycled Packaging segment is expected to hold the largest market
share in the forecast period.
Based on End User Industry, Canada sustainable
packaging market is divided into food & beverage, pharmaceuticals &
healthcare, cosmetic & personal care, and others. Increasing consumer demand for
sustainability is the primary reason driving the segment's growth.
Major companies operating in Canada Sustainable
Packaging Market are:
·
Cascades
Inc.
·
Transcontinental
Inc.
·
Greenmunch
·
BioPak
sustainable solutions PTE
·
Veritiv
Corporation
·
Belcorp
Inc.
·
Sterling
Packaging
·
Atlantic
Packaging
·
Norampac
Industries Inc
·
NEXE
Innovations
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“The last few years have witnessed
remarkable developments in Canada's sustainable packaging market. From the
proliferation of European Recycling Programmes (ERPs) and plastic bans, to the
introduction of compostable material, packaging material innovations, circular
economy partnerships, consumer education initiatives, and technological
progress in the area of recycling and waste disposal. These developments
demonstrate the nation's dedication to a more environmentally friendly and
sustainable future.As the momentum grows, the Canadian sustainable packaging
market is poised for further advancements, paving the way for a circular
economy, and reduced environmental impact. " said Mr. Karan Chechi, Research
Director with TechSci research, a research based global management consulting
firm.
“Canada Sustainable Packaging Market, By Process
(Reusable Packaging, Degradable Packaging, Recycled Packaging), By Material
Type (Glass, Metal, Plastic, Paper), By End User Industry (Food & Beverage,
Pharmaceuticals & Healthcare, Cosmetic & Personal Care, Others), By
Region, Competition, Forecast & Opportunities, 2018-2028F” has evaluated the future growth
potential of Canada Sustainable Packaging market and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and analyzes
the emerging trends along with essential drivers, challenges, and opportunities
in Canada Sustainable Packaging Market.
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