The forecasted re-import of cartons, boxes, and cases made of corrugated paper or paperboard to Canada shows a steady increase from 2024 to 2028, with an annual rise in value. In 2023, the value stood at 1.385 million USD. From 2024 onwards, the year-on-year growth rates are consistent, reflecting a gradual upward trend. Specifically, the forecast indicates annual growth percentages of 2.2% from 2024 to 2025, 2.14% from 2025 to 2026, 2.04% from 2026 to 2027, and 1.97% from 2027 to 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is approximately 2.08%.
Future trends to watch for include:
- Potential impacts of changes in global trade policies that could affect the costs and demand for re-imports.
- Technological advancements in packaging technology that might influence the re-import requirements or costs.
- Environmental regulations that could drive changes in material preferences impacting re-import volumes.
