Canada Plastic Industry Outlook 2022 - 2026

Key Market Indicators

Canadian plastic imports are expected to reach nearly $18 billion by 2026, up from $16.5 billion in 2021. This growth is seen to be at an average rate of 1.2% year-on-year. Since 1994, Canada's demand for plastic has seen a steady increase of 2.1% year-on-year. In 2021, the UK surpassed Canada, ranking at number 9 with $16.5 billion. The US, Germany and France respectively ranked numbers 2, 3 and 4 in this ranking. Meanwhile, Canada's plastic exports are predicted to reach $13.3 billion by 2026, up from $12.6 billion in 2021. This is expected to grow at a CAGR of 0.7% year-on-year. Since 1994, Canadian supply has risen by 0.8% year-on-year. In 2021, Spain surpassed Canada at number 14 with $12.6 billion. The US, Germany and South Korea respectively ranked numbers 2, 3 and 4 in this ranking.

Canada Plastic Market Data and Forecasts

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• Plastic Processing and Manufacturing: Innovations and Trends Defining the Global Industry

  The plastic processing and manufacturing field is experiencing rapid growth and diversification. New technologies such as 3D printing are revolutionising the industry by allowing the production of complex, customised parts with reduced waste. Furthermore, innovations in bio-based and biodegradable plastics are impacting the sector, providing environmentally friendly alternatives to traditional...

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• Plastics and Synthetic Resin Manufacturing: Navigating Trends and Opportunities in Complex Markets

  The synthetic resins and plastics industry is confronting a medley of market factors. These include rising raw material costs, shifting consumer preferences towards bio-based products, and volatile economic landscapes, particularly in emerging markets. These challenges have compelled companies in this sector to reassess their strategies, focusing on innovation, cost efficiency,...

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• Exploring Versatility: Polyurethane Chemicals, Persistent Innovations in Rigid & Flexible Foams, Elastomers

  The chemical sector has recognized Polyurethane as an integral component, with the ability to yield a wide range of products spanning from rigid and flexible foams to elastomers. Remarkably versatile, it can be fine-tuned to showcase a spectrum of properties, like high rigidity or immense elasticity, depending on the needs...

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• Plastics Industry: Captivating Trends in Construction, Engineering, and Compounding Sectors

  The plastics industry continues to drive innovation in the construction sector, leveraging the material's characteristics to boost building efficiency and sustainability. Emerging trends such as the increased use of plastic composites in structural components and polyvinyl chloride (PVC) in piping systems reflect plastics growing indispensability. Furthermore, advances in plastic insulation...

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• Reinforced Plastics: Navigating the Dynamics of a Rapidly Evolving Sector

  The reinforced plastics market is undergoing significant transformation, largely driven by advancements in technology and raw material refinement techniques. The ability to produce robust, yet flexible materials, has made reinforced plastics an increasingly crucial entity in various industries such as automotive, aerospace, and construction. The push for greater sustainability has...

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