Canada is a country in North America that extends from the Atlantic Ocean in the east, to the Pacific Ocean in the west, and the Arctic Ocean to the north. Canada borders the United States. The geography of Canada is mostly plains with mountains in the west. The government system is a parliamentary democracy, a federation, and a constitutional monarchy. The head of state is the queen of the United Kingdom, and the head of government is the prime minister of Canada. Canada has a market economic system in which the prices of goods and services are determined in a free price system. Canada is a member of the Asia-Pacific Economic Cooperation (APEC), the North American Free Trade Agreement (NAFTA), and the Trans-Pacific Partnership (TPP).
The Canada Glass Bottles and Containers Market was valued at USD 3.36 billion in 2020 is expected to reach USD 14.97 billion at a CAGR of 4.91% over the forecast period from 2021 – 2026.
Glass packaging is entirely recyclable, which makes it a desirable packaging option from the environmental point of view. SIx tons of recycled glass directly save six tons of resources and reduce the emission of carbon dioxide by one ton. One of the main factors driving the growth of the market is the increase in beer consumption in the country. According to Beer Canada, the total beer sales accounted for 21.41 million hectoliters in 2019.
Moreover, Canada has been one of the significant exporters of glass and ranks 27 worldwide. In 2019, the country exported over USD 608.3 million of glass and glassware mainly to the United Kingdom, the United States, and India.
The food and consumer products industry is one of the prominent sectors, which contributes to over USD 29 billion to the country’s GDP annually. It is significantly growing, which is estimated to drive the demand for the glass and containers packaging market.
The value of the cosmetics market in Canada is expected to reach USD 15.8 billion by 2021, which is an increase of USD 3 billion in the past five years.
Glass bottles remain one of the most popular packaging types owing to heritage, returnability, and premiumization. According to a survey called World Development Indicators conducted by Wold Bank, the degree of urbanization accounted for 81.41% in Canada in 2018.
GDP per capita, PPP (current international $)$48,091 (2020)
Population, total38,005,238 (2020)
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