The value added of paperboard container manufacturing in Canada has shown both volatile and stable periods over the past decade. In 2023, it stood at 2.3115 Billion Canadian Dollars. The growth from 2022 to 2023 was marginal at 0.7%. Historical data highlights fluctuations, including significant growth of 19.8% in 2017 and a notable decline of 4.05% in 2020. The most recent five-year CAGR until 2023 was a modest 0.36%, indicating low but steady growth.
Looking ahead, the forecasted data suggests a slow yet consistent increase with an average annual growth rate (CAGR) of 0.53%. From 2024 to 2028, the paperboard container manufacturing industry is expected to grow by 2.66% in total, reflecting a cautious but positive outlook for the sector.
Future trends to watch for include advancements in sustainable packaging, increasing demand for e-commerce shipping solutions, and potential impacts of global supply chain disruptions on manufacturing costs and capacity.