The Canadian fresh food packaging market is expected to surge at a CAGR of 1.32% throughout the forecast period. Rising awareness about the adoption of a healthy lifestyle through consuming less processed food is driving the demand for fresh food products in Canada. Rising disposable incomes and the benefits of a home-cooked meal with fresh ingredients are boosting the demand for fresh food products. All of these factors are driving the growth of the fresh food packaging market in Canada. The rising prevalence of chronic diseases such as obesity, diabetes, and cardiovascular disease is also encouraging Canadians to adopt healthier eating habits, which is increasing the consumption of fresh food items in the country and positively impacting the fresh food packaging market growth. The rising prevalence of obesity is increasing the number of diabetic patients in the country as it the leading cause of type 2 diabetes, heart disease, and other health problems. According to the Canadian Diabetes Association, type 2 diabetes affects approximately 90% of diabetic Canadians. According to a report released by the World Obesity Federation (WOF), more than 10 million adults in Canada will be obese in eight years. Furthermore, the cost of treating obesity-related illnesses, such as diabetes, will be US$207 billion between 2017 and 2025. Government initiatives to reduce the country's chronic disease burden will also drive fresh food packaging market growth in Canada during the forecast period. Canada's grocery and speciality stores are responding to the increased demand for fresh food by stocking more all-natural food and beverage items, both fresh and processed. The growing popularity of fresh, organically-grown food products will continue to drive the country’s fresh food packaging market growth during the forecast period.
The Canadian Fresh Food Packaging market has been segmented on the basis of material and application. The market has been divided into four material categories: plastic, paper and board, glass, and metal. The Canadian fresh food packaging market has been divided into poultry and meat products, dairy products, produce (vegetables and fruits), seafood, and others. Plastic holds a significant market share during the forecast period. By application, dairy products will experience a noteworthy CAGR during the forecast period owing to the rising dairy exports across the globe. Rising seafood demand is encouraging investment in the aquaculture industry, which is also fueling the country's fresh food packaging market growth. For example, in August 2019, the Canadian government announced funding of CAD$8.1 million aimed at implementing sustainable aquaculture methods with new automation technologies and applied research in the fishing and aquaculture industry.
Prominent key market players in the Canadian fresh food packaging market include Mondi, Sealed Air, Sonoco Products Company, NNZ, Inc., and Cascades inc. Because of their strong brand image and product offerings, these companies command a sizable market share. Major players in the Canada fresh food packaging market have been covered along with their relative competitive positions and strategies. The report also discusses recent deals and investments made by various market participants over the last two years.
Recent development and expansions
Covid 19 had an impact on the fresh food packaging market in Canada. Consumer behaviour shifted dramatically. Buyers were more concerned than ever before about the hygiene, accessibility, and sustainability of products. As the crisis continues, shoppers' changing needs and a consumer-focused approach were critical. The COVID-19 outbreak significantly increased the demand for nutritional drinks and healthy foods. As a result, the majority of governments encouraged manufacturers and packaging companies in the field to expand their facilities.
Canada Fresh Food Packaging Market Scope:
|Growth Rate||CAGR of 1.32% from 2020 to 2027|
|Forecast Unit (Value)||USD Billion|
|Segments Covered||Material, And Application|
|Companies Covered||Mondi, Sealed Air, Sonoco Products Company, NNZ, Inc., Cascades inc.|
|Customization Scope||Free report customization with purchase|
1.1. Market Overview
1.2. Covid-19 Scenario
1.3. Market Definition
1.4. Market Segmentation
2. Research Methodology
2.1. Research Data
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. Canada Fresh Food Packaging Market, By Material
5.3. Paper and Board
6. Canada Fresh Food Packaging Market, By Application
6.2. Poultry and Meat Products
6.3. Dairy Products
6.4. Produce (Vegetables and Fruits)
7. Competitive Environment and Analysis
7.1. Major Players and Strategy Analysis
7.2. Emerging Players and Market Lucrativeness
7.3. Mergers, Acquisitions, Agreements, and Collaborations
7.4. Vendor Competitiveness Matrix
8. Company Profiles
8.2. Sealed Air
8.3. Sonoco Products Company
8.4. NNZ, Inc.
8.5. Cascades inc.
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