Coated & Laminated Paper Manufacturing in Canada - Market Research Report (2014-2029)
New York, United States
Last Updated: August 2024
NAICS 32222CARevenue
$3.0bn
Past 5-Year Growth
Profit
$XXX.Xm
Employees
4,974
Businesses
78
Wages
$XXX.Xm
Coated & Laminated Paper Manufacturing in Canada industry analysis
The industry has been steadily declining since the turn of the century as digital alternatives become the norm in major printing and publishing markets. The industry has been sustained by the need for laminated paper goods used to package foodstuffs in the food and beverage sector. The macroeconomic difficulties brought on by the COVID-19 pandemic took a major toll on the industry, with revenue tanking 11.6% in 2020 alone. Industry revenue has been decreasing at a CAGR of 2.1% through the end of 2024 to reach $3.0 billion, including an expected 1.7% hike in 2024 alone. Industry profit has fallen from 16.6% in 2019 to 12.0% in 2024, primarily because of difficulties during the pandemic.<br />Exports account for over one-third of total industry revenue, with the US being the final destination for over 90.0% of industry exports. Slight inflation of the Canadian dollar allowed exports to major trade partners—notably USMCA participants—to grow significantly. Still, imports experienced much more pronounced growth, as import penetration remains steep, particularly from countries with lower labour costs like China and Mexico.<br />Rising input costs will sustain revenue in the coming years, though inflation will likely mitigate significant gains for the industry. Environmental sustainability efforts will likely shape the industry in the coming years as manufacturers develop eco-friendly laminates and coatings to compete with plastic substitutes. Still, industry participation will likely continue to fall as the industry sinks further into obsolescence, cutting into the number of facilities and potential revenue the industry could generate. The need for laminated paper from printing and publishers will continue to erode, siphoning away the industry's revenue growth potential. Overall, industry revenue is forecast to gain slightly at a CAGR of 0.8% to $3.2 billion in 2029.
Trends and Insights
- Substitutions in the form of plastic products and imports have increaingly siphoned away from the industry. Imports in particular, have grown, as the allure of low-cost alternatives has penetrated the domestic market.
- A depreciating Canadian dollar prior to 2021 enabled domestic producers to expand exports. Since then, increases in the Canadian effective exchange rate index have tempered exports and opened up the domestic market to import penetration.
- Proximity to key suppliers is a significant competitive edge in this industry. Ontario is the most concentrated location for laminated paper manufacturers because of its many input suppliers and downstream markets, including cardboard box and container manufacturers.
- With a lack of prominent large producers, there is fierce competition based on price, quality, and product diversity. Larger manufacturers can sell products at lower prices thanks to the benefits of economies of scale and large input supply contracts.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has declined at a CAGR of 2.1 % over the past five years, to reach an estimated $3.0bn in 2024.
Trends and Insights
The industry benefits from having a diverse variety of downstream clients
- Given the extensive use of industry products in packaging, the industry tends to perform in line with the overall economy and is somewhat insulated from poor performance in any single downstream market.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Positive purchasing trends look to offset industry shortcomings
- Rising consumer spending is expected to boost industry revenue in the coming years. Sustainability incentives will likely steer downstream markets away from plastic goods and embrace paper products manufactured by the industry.
Biggest companies in the Coated & Laminated Paper Manufacturing in Canada
| Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Hood Packaging Corporation | 84.7 | 13.4 | 15.8 | |
De Luxe Group Inc. | 47.5 | 7.5 | 15.8 | |
FPC Flexible Packaging Corporation | 0.6 | 0.1 | 16.7 |
To view the market share and analysis for all 3 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Coated and laminated paper, Pressure-sensitive products and Uncoated paper bags and sacks. Coated and laminated paper is the largest segment of the Coated & Laminated Paper Manufacturing in Canada.
Trends and Insights
Pressure-sensitive products are the industry's largest segment
- Products in this segment are papers that have been coated with an adhesive that consumers can activate by applying pressure. Examples include masking tape and paper labels, which are sold to a variety of downstream markets.
- More insights available in the full report
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Competitors
- Plastic Film, Sheet & Bag Manufacturing in Canada
Complementors
- Paper Mills in Canada
- Cardboard Box & Container Manufacturing in Canada
- Plastic & Resin Manufacturing in Canada
International industries
- Global Paper & Pulp Mills
- Coated & Laminated Paper Manufacturing in the US
- Pulp, Paper and Paperboard Manufacturing in Australia
- Paper Bag and Other Paper Product Manufacturing in Australia
- Pulp, Paper and Paperboard Manufacturing in New Zealand
Table of Contents
About this industry
Industry definition
This industry purchases raw materials, such as paper and paperboard, and processes them with plastic, clay, latex and metal to create products that include coated or laminated paper and packaging, paper and multiwall bags and laminated aluminum foil for flexible packaging. This industry does not include companies that manufacture paper from pulp, photosensitive paper, textile bags or plastic laminated bags.
What's included in this industry?
Manufacturing coated and laminated paperManufacturing uncoated paper and multiwall bagsManufacturing coated and laminated packaging materialsManufacturing flexible packaging foilManufacturing surface-coated paperboardManufacturing plastics, foil and coated paper bagsCompanies
Hood Packaging CorporationDe Luxe Group Inc.FPC Flexible Packaging CorporationPurchase this report to view all 3 major companies in this industry.
Related Terms
PRESSURE-SENSITIVE MATERIALCOATED PAPERLAMINATED PAPERIndustry Code
NAICS 322220 - Coated & Laminated Paper Manufacturing in Canada
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Substitutions in the form of plastic products and imports have increaingly siphoned away from the industry. Imports in particular, have grown, as the allure of low-cost alter...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
A depreciating Canadian dollar prior to 2021 enabled domestic producers to expand exports. Since then, increases in the Canadian effective exchange rate index have tempered e...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2024
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Proximity to key suppliers is a significant competitive edge in this industry. Ontario is the most concentrated location for laminated paper manufacturers because of its many...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each province
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each province in 2024
- Number and share of revenue each province accounts for in 2024
- Number and share of wages each province accounts for in 2024
- Number and share of employees in each province in 2024
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
With a lack of prominent large producers, there is fierce competition based on price, quality, and product diversity. Larger manufacturers can sell products at lower prices t...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Small-scale manufacturers dominate the industry. Imports satisfy a large portion of domestic demand, adding to the low market share concentration of domestic enterprises.
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Hood Packaging Corporation's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of De Luxe Group Inc.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of FPC Flexible Packaging Corporation's performance by revenue, market share and profit margin from 2018 through 2024
Detailed analysis
- Description and key data for Hood Packaging Corporation, and factors influencing its performance in the industry
- Description and key data for De Luxe Group Inc., and factors influencing its performance in the industry
- Description and key data for FPC Flexible Packaging Corporation, and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Markets' shift to digital mediums has depleted demand for printing, paper, newspapers, and publishers. This loss of demand has been partially offset by increasing demand from...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Hikes in the price of wood pulp have inflated purchase costs and cut into industry profitability. Higher input costs can be passed downstream to consumers in the long term, e...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Assets (2017-2022)
- Liabilities (2017-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Canada include:
- Statistics Canada
- Industry Canada
- Canadian Business Patterns
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Coated & Laminated Paper Manufacturing industry in Canada in 2024?
The market size of the Coated & Laminated Paper Manufacturing industry in Canada is $3.0bn in 2024.
How many businesses are there in the Coated & Laminated Paper Manufacturing in Canada industry in 2024?
There are 78 businesses in the Coated & Laminated Paper Manufacturing industry in Canada, which has declined at a CAGR of 1.7 % between 2019 and 2024.
Has the Coated & Laminated Paper Manufacturing industry in Canada grown or declined over the past 5 years?
The market size of the Coated & Laminated Paper Manufacturing industry in Canada has been declining at a CAGR of 2.1 % between 2019 and 2024.
What is the forecast growth of the Coated & Laminated Paper Manufacturing industry in Canada over the next 5 years?
Over the next five years, the Coated & Laminated Paper Manufacturing industry in Canada is expected to grow.
What are the biggest companies in the Coated & Laminated Paper Manufacturing market in Canada?
The biggest companies operating in the Coated & Laminated Paper Manufacturing market in Canada are Hood Packaging Corporation, De Luxe Group Inc. and FPC Flexible Packaging Corporation
What does the Coated & Laminated Paper Manufacturing in Canada include?
Manufacturing coated and laminated paper and Manufacturing uncoated paper and multiwall bags are part of the Coated & Laminated Paper Manufacturing industry.
Which companies have the highest market share in the Coated & Laminated Paper Manufacturing in Canada?
The company holding the most market share in Canada is Hood Packaging Corporation.
How competitive is the Coated & Laminated Paper Manufacturing industry in Canada?
The level of competition is high and steady in the Coated & Laminated Paper Manufacturing industry in Canada.
