Canada Molded Pulp Packaging Market Size & Outlook
Canada molded pulp packaging market, 2018-2030 (US$M)
Related Markets
Canada molded pulp packaging market highlights
- The Canada molded pulp packaging market generated a revenue of USD 157.3 million in 2023 and is expected to reach USD 283.9 million by 2030.
- The Canada market is expected to grow at a CAGR of 8.8% from 2024 to 2030.
- In terms of segment, wood pulp was the largest revenue generating source in 2023.
- Non-Wood Pulp is the most lucrative source segment registering the fastest growth during the forecast period.
Molded pulp packaging market data book summary
| Market revenue in 2023 | USD 157.3 million |
| Market revenue in 2030 | USD 283.9 million |
| Growth rate | 8.8% (CAGR from 2023 to 2030) |
| Largest segment | Wood pulp |
| Fastest growing segment | Non-Wood Pulp |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Wood Pulp, Non-Wood Pulp |
| Key market players worldwide | Huhtamäki Oyj, Genpak, Pro-Pac Packaging (Aust) Pty Ltd, Brødrene Hartmann, CKF, Sonoco Products Co, Eco Products, Fabri-Kal, Henry Molded Products, Sabert Corp., MVI ECOPACK, Pton Molded Fiber Products Co. |
Other key industry trends
- In terms of revenue, Canada accounted for 2.9% of the global molded pulp packaging market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. molded pulp packaging market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 283.9 million by 2030.
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Molded Pulp Packaging Market Scope
Molded Pulp Packaging Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada molded pulp packaging 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 molded pulp packaging market will help companies and investors design strategic landscapes.
Wood pulp was the largest segment with a revenue share of 85.38% in 2023. Horizon Databook has segmented the Canada molded pulp packaging market based on wood pulp, non-wood pulp covering the revenue growth of each sub-segment from 2018 to 2030.
With a relatively low population, Canada expanse over a vast range of landmass mostly concentrated in the Northern part of the country, this essentially directs toward a heavier demand for energy and higher emissions. The government of Canada has decided to take firm decisions to reduce greenhouse gas emissions and support clean technology innovation.
This type of governmental support via tax subsidies is expected to boost the demand for sustainable packaging solutions such as molded pulp packaging. According to the Ministry of Agriculture, Food and Rural Affairs, Ontario is home to over 28,741 foodservices and drinking places, which accounted for over 40% of the Canadian market (sizing about 71,939 outlets).
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Our clientele includes a mix of molded pulp packaging market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada molded pulp packaging market , including forecasts for subscribers. This country databook contains high-level insights into Canada molded pulp packaging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada molded pulp packaging market size, by source, 2018-2030 (US$M)
Canada Molded Pulp Packaging Market Outlook Share, 2023 & 2030 (US$M)
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