Canada Plastic Market Size & Outlook, 2023-2030
Canada plastic market, 2018-2030 (US$M)
Related Markets
Canada plastic market highlights
- The Canada plastic market generated a revenue of USD 7,097.3 million in 2023 and is expected to reach USD 9,817.0 million by 2030.
- The Canada market is expected to grow at a CAGR of 4.7% from 2024 to 2030.
- In terms of segment, packaging was the largest revenue generating end use in 2023.
- Medical Devices is the most lucrative end use segment registering the fastest growth during the forecast period.
Plastic market data book summary
| Market revenue in 2023 | USD 7,097.3 million |
| Market revenue in 2030 | USD 9,817.0 million |
| Growth rate | 4.7% (CAGR from 2023 to 2030) |
| Largest segment | Packaging |
| Fastest growing segment | Medical Devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Packaging, Construction, Electricals & Electronics, Automotive, Medical Devices, Agriculture, Furniture & Bedding, Consumer Goods, Utility |
| Key market players worldwide | Basf SE, SABIC, Dow Inc, DuPont de Nemours Inc, Evonik Industries AG, Sumitomo Chemical Co Ltd, Arkema SA, Celanese Corp Class A, Eastman Chemical Co, Chevron Corp, Lotte Chemical, Exxon Mobil Corp, Formosa Plastics Group, Covestro AG, Toray Industries Inc, Mitsui & Co Ltd, Teijin Ltd, INEOS, LG Chem, Lanxess AG, CHIMEI, Huntsman Corp, LyondellBasell Industries NV Class A, Miller Waste Mills |
Other key industry trends
- In terms of revenue, Canada accounted for 1.1% of the global plastic 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. plastic 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 9,817.0 million by 2030.
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Plastic Market Scope
Plastic Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada plastic 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 plastic market will help companies and investors design strategic landscapes.
Packaging was the largest segment with a revenue share of 35.35% in 2023. Horizon Databook has segmented the Canada plastic market based on packaging, construction, electricals & electronics, automotive, medical devices, agriculture, furniture & bedding, consumer goods, utility covering the revenue growth of each sub-segment from 2018 to 2030.
Canada is the fourth-largest producer of crude oil globally, as of 2023. Declining prices of crude oil coupled with increasing demand for plastics in the region is paving the way for the growth of plastics market.
Many new plastic manufacturers are emerging in Canada’s remote locations due to the country’s highly dispersed population. According to International Energy Agency (IEA), the per capita consumption of plastic in the country is higher than the world’s average as of 2023.
Virgin PET consists of 80% to 85% antimony, which gets converted to antimony trioxide at a very high temperature. This high temperature is required during the recycling process, and antimony trioxide is released into the atmosphere and causes pollution.
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Our clientele includes a mix of plastic 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 plastic market , including forecasts for subscribers. This country databook contains high-level insights into Canada plastic market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada plastic market size, by end use, 2018-2030 (US$M)
Canada Plastic Market Outlook Share, 2023 & 2030 (US$M)
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