Canada Food Wrap Market Size & Outlook, 2024-2030
Canada food wrap market, 2018-2030 (US$M)
Related Markets
Canada food wrap market highlights
- The Canada food wrap market generated a revenue of USD 185.0 million in 2023 and is expected to reach USD 292.6 million by 2030.
- The Canada market is expected to grow at a CAGR of 6.8% from 2024 to 2030.
- In terms of segment, paper was the largest revenue generating material in 2023.
- Paper is the most lucrative material segment registering the fastest growth during the forecast period.
Food wrap market data book summary
| Market revenue in 2023 | USD 185.0 million |
| Market revenue in 2030 | USD 292.6 million |
| Growth rate | 6.8% (CAGR from 2023 to 2030) |
| Largest segment | Paper |
| Fastest growing segment | Paper |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Plastic Foil, Aluminum Foil, Paper |
| Key market players worldwide | Amcor PLC, Berry Global Group Inc, Huhtamaki, Reynolds Consumer Products Inc Ordinary Shares, ProAmpac, Mitsubishi Chemical Group Corp, Georgia-Pacific Packaging & Cellulose, Veritiv, Pixelle Specialty Solutions, Ahlstrom-Munksjö |
Other key industry trends
- In terms of revenue, Canada accounted for 3.6% of the global food wrap market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. food wrap market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 1,747.2 million by 2030.
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Food Wrap Market Scope
Food Wrap Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada food wrap market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to food wrap market will help companies and investors design strategic landscapes.
Paper was the largest segment with a revenue share of 51.24% in 2024. Horizon Databook has segmented the Canada food wrap market based on plastic foil, aluminum foil, paper covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for food wraps is expected to increase significantly due to the presence of major food service companies, which include popular brands such as McDonald's, Tim Hortons, TB Canada Company, KFC, and PH Canada Company in the country. These food service brands provide food services such as drive-thru, dine-in, and home delivery in Canada.
The increasing number of food service establishments in Canada is anticipated to fuel the demand for food packaging products including food wraps. According to McDonald's Financial Information Workbook 2022 report, the number of McDonald's stores in Canada reached 1,462 in 2022.
Likewise, the increasing expansion of food companies in Canada will also create a demand for food wraps. For instance, in January 2024, Jimmy John's, a prominent U.S. sandwich chain, announced its expansion plans in Canada through a new franchise agreement with Foodtastic.
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Our clientele includes a mix of food wrap market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada food wrap market , including forecasts for subscribers. This country databook contains high-level insights into Canada food wrap market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada food wrap market size, by material, 2018-2030 (US$M)
Canada Food Wrap Market Outlook Share, 2024 & 2030 (US$M)
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