The Canadian paperboard container manufacturing industry has experienced varied fluctuations over the past decade. Starting with a steady increase from 2013, the years 2014 and 2017 were notable for their significant year-on-year growth. However, some years exhibited negative growth, such as 2016 and 2020, reflecting industry volatility. By 2023, expenses reached 6.3876 billion CAD, indicating moderate growth.
For the 2024-2028 period, forecasts project continuous growth with an average annual compound growth rate (CAGR) of 2.19%, culminating in a total growth rate of 11.45%. This trend suggests gradual but steady increases in manufacturing expenses.
Future trends to watch for:
- Technological advancements in production processes.
- Impact of environmental regulations on manufacturing costs.
- Fluctuations in raw material prices and their effects on expenses.
- Market demand shifts due to global economic conditions.