The import of cartons, boxes, and cases made of corrugated paper or paperboard to Canada is projected to grow steadily from 2024 to 2028. In 2024, the forecasted import value is $446.1 million, rising to $487.24 million by 2028. This presents a consistent year-on-year growth, reflecting around 2.4-2.5% increase annually. The compound annual growth rate (CAGR) over this five-year span is approximately 2.4%, indicating stable demand in the Canadian market. As of 2023, the actual imports stood at a slightly lower figure due to the economic impacts that year.
Looking ahead, future trends to watch include advancements in green packaging solutions, increasing e-commerce demand, and potential trade policy shifts. These factors might influence import values, offering both opportunities and challenges within the industry.
