Plastic Film, Sheet & Bag Manufacturing in Canada
The Plastic Film, Sheet and Bag Manufacturing industry in Canada has experienced improving domestic demand conditions over the five years to 2019 due to increased employment across the country and strong Canadian consumer spending. Nevertheless, industry growth has been limited, stifled by increasing import competition from US manufacturers that have competitive advantages, such as shared borders and economies of scale. Global commodity prices dropped over the past five years, which encouraged profitability since commodities, such as crude oil and natural gas, are needed for the production of industry goods. However, the United States continues to supply a high level of Canadian demand for plastic bags, sheets and films. Similar to the previous five years, imports will continue to meet domestic demand, and as a result, domestic manufacturers will experience pressure from foreign competition over the five years to 2024.
This industry converts plastic resins into various films, sheets and bags. Industry products are used by manufacturers for packing and storing products, by retailers for transporting merchandise and by consumers for household purposes. Industry operators also form, coat or laminate plastic film and sheets into single-wall or multiwall plastic bags.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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