Report ID: UCMIR15A2213
Report ID:
UCMIR15A2213 |
Region:
Regional |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
In 2021, the multilayer flexible packaging market in Canada was estimated to be valued at USD 2.22 billion. This market encompasses the production and utilization of flexible packaging materials composed of multiple layers, providing enhanced protection, extended shelf life, and improved barrier properties for various products. Factors such as the increasing demand for convenience packaging, the growing focus on sustainability and eco-friendly solutions, and the expansion of end-use industries like food and beverages and pharmaceuticals contribute to the market's size and growth in Canada.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Commodity Chemicals by segment aggregation, the contribution of the Commodity Chemicals in Diversified Materials and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIR15A2213