The import of corrugated paper and paperboard to Canada is projected to rise from 209.88 million USD in 2024 to 242.66 million USD by 2028. This steady increase reflects a compounded annual growth rate (CAGR) across this five-year period. Comparing this to the 2023 figure of 201.54 million USD, the forecast for 2024 shows an increase, indicating ongoing demand in Canada. The year-on-year growth suggests a stable market with incremental gains each year.
The main trends to watch include:
- Rising e-commerce activities, driving demand for packaging materials.
- Efforts towards sustainability, influencing choices in packaging materials.
- Trade policy developments impacting import costs and supply chain efficiency.
- Technological advancements in packaging for efficiency and cost reduction.
