Freight Packing & Logistics Services in Canada - Industry Market Research Report

Logistical sense: Increasing freight volumes will bolster demand for industry services

Packing and logistics service providers offer logistics services such as packing, crating, logistics consulting and trade documentation. Growth in global economic activity spurred increases in retail sales and activity in most downstream manufacturing industries, bolstering demand for freight packing and logistics services. Revenue is expected to grow at a CAGR of 3.3% to $2.2 billion through the end of 2023, including growth of 1.7% in 2023 alone. Despite strong revenue growth, profit has slumped as intensifying competition has heightened price competition.

The Freight Packing and Logistics Services industry in Canada mainly provides specialized services to transportation companies, such as packing, crating and otherwise preparing goods for transportation. This industry does not include packaging and labelling services.

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 key players and their market shares.