Based on historical data, the value added of adhesive manufacturing in Canada showed fluctuations between 2013 and 2023, with notable year-on-year variations such as a 10.38% decrease in 2014 and a significant 27.8% increase in 2019. The market exhibited a robust growth trajectory from 2020 onwards, culminating at 369.2 million Canadian Dollars in 2023, a 6.95% increase from the previous year. This growth reflects an average annual growth rate (CAGR) of 10.06% over the last five years.
Future forecasts for the period from 2024 to 2028 indicate continued expansion, with a projected CAGR of 4.32%, and total growth estimated at 23.57%. Key trends to watch include advancements in adhesive technology, increasing demand in the packaging industry, and sustainable product development.
