Paper Product Manufacturing in Canada - Industry Market Research Report

Paper cut: Despite improving efficiency, industry profit is anticipated to grow marginally

The Paper Product Manufacturing industry in Canada has struggled to compete in a highly globalized market The industry produces numerous paper products, including crepe paper, cigarette wrappers, food trays and paper novelties. While long-term trends have been toward diminished paper consumption in developed economies, consumption of such products is still high relative to office paper and many other paper products that have lost ground to digitalization. The industry has struggled from an appreciating loonie, which has boosted the value of imports. This exposure to foreign competitors has hurt the industry as a growing share of domestic demand has been satisfied by imports. Paper product manufacturing revenue has been declining at a CAGR of 1.1% over the past five years, and is expected to total $691.0 million in 2023, which includes a forecast decline of 3.2% in 2023 alone. Profit is expected to fall to 3.7%.

Operators in the Paper Product Manufacturing industry in Canada manufacturer paper products such as labels, playing cards, wrapping paper, cigarette paper, paper filters, egg cartons, food trays and other miscellaneous paper products. This industry generally produces all paper products that are not included in other paper converting industries.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry's key players and their market shares.