Key Market Indicators
Canadian plastic imports are projected to climb to approximately $19.5 billion by 2028, up from an estimated $17.9 billion in 2023. This reflects an average annual growth rate of 1.4%. Since 1994, the country's demand for plastic has increased steadily at a rate of 1% per year. On the export front, Canada is expected to see its plastic exports rise to around $14.4 billion by 2028, compared to about $13.6 billion in 2023. This represents a compound annual growth rate (CAGR) of 0.9%. Despite fluctuations over the years, the supply of Canadian plastic exports has remained stable, with no significant annual decrease since 1994.
