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Plastic Film, Sheet & Bag Manufacturing in Canada Industry Data and Analysis
Manufacturers of plastic bags and films have navigated a dynamic landscape since the pandemic, facing challenges such as fluctuating prices, shifting demand and stringent environmental regulations. Between 2020 and 2022, the industry experienced a significant increase in plastic costs due to supply chain disruptions and rising raw material expenses, particularly crude oil. However, in 2023, this trend reversed as prices began to decrease, a trajectory expected to continue throughout 2025. A leading factor behind the reversal of prices is the sudden oversupply of crude oil, as OPEC+ and non-OPEC nations continue to increase their production. Additionally, a changing regulatory environment with a heightened focus on sustainability and the elimination of single-use plastic products. Despite expectations for decreased input cost prices, profit figures will largely remain the same, as increased costs were previously passed along to end consumers. These factors have complicated the financial outlook of this industry, resulting in a five-year CAGR revenue of 1.8% throughout 2025, reaching $7.4 billion, with a decline of 2.0% for the year.
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What's included in this industry analysis
IBISWorld's research coverage on the Plastic Film, Sheet & Bag Manufacturing industry in Canada includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released November 2025.
About this industry
What's this industry report about?
The Plastic Film, Sheet & Bag Manufacturing industry in Canada operates under the NAICS industry code 32611CA. The Plastic Film, Sheet and Bag Manufacturing industry in Canada converts plastic resins into various films, sheets and bags. Industry products are used by manufacturers for packing and storing products, by retailers for transporting merchandise and by consumers for household purposes. Industry operators also form, coat or laminate plastic film and sheets into single-wall or multiwall plastic bags. Related terms covered in the Plastic Film, Sheet & Bag Manufacturing industry in Canada include polymer, polyethylene, extrusion and hopper.
What's included in this industry?
Products and services covered in Plastic Film, Sheet & Bag Manufacturing industry in Canada include Plastic packaging film and sheets , Plastic bags and pouches and Plastic film and sheets, excluding packaging.
What companies are included in this industry?
Companies covered in the Plastic Film, Sheet & Bag Manufacturing industry in Canada include Winpak Ltd. and Berry Global Group Inc.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Plastic Film, Sheet & Bag Manufacturing industry in Canada.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Plastic Film, Sheet & Bag Manufacturing industry in Canada.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Plastic Film, Sheet & Bag Manufacturing industry in Canada.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Plastic Film, Sheet & Bag Manufacturing industry in Canada. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Plastic Film, Sheet & Bag Manufacturing industry in Canada. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Plastic Film, Sheet & Bag Manufacturing industry in Canada. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Plastic Film, Sheet & Bag Manufacturing industry in Canada. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Plastic Film, Sheet & Bag Manufacturing industry in Canada.
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Frequently Asked Questions
What is the market size of the Plastic Film, Sheet & Bag Manufacturing industry in Canada in 2026?
The market size of the Plastic Film, Sheet & Bag Manufacturing industry in Canada is $7.4bn in 2026.
How many businesses are there in the Plastic Film, Sheet & Bag Manufacturing industry in Canada in 2025?
There are 282 businesses in the Plastic Film, Sheet & Bag Manufacturing industry in Canada, which has declined at a CAGR of 0.8 % between 2020 and 2025.
How may import tariffs affect the Plastic Film, Sheet & Bag Manufacturing industry in Canada?
The Plastic Film, Sheet & Bag Manufacturing industry in Canada is likely to be significantly impacted by import tariffs with imports accounting for a high share of industry revenue.
How may export tariffs affect the Plastic Film, Sheet & Bag Manufacturing industry in Canada?
The Plastic Film, Sheet & Bag Manufacturing industry in Canada is likely to be significantly impacted by export tariffs with exports accounting for a high share of industry revenue.
Has the Plastic Film, Sheet & Bag Manufacturing industry in Canada grown or declined over the past 5 years?
The market size of the Plastic Film, Sheet & Bag Manufacturing industry in Canada has been growing at a CAGR of 1.8 % between 2020 and 2025.
What is the forecast growth of the Plastic Film, Sheet & Bag Manufacturing industry in Canada over the next 5 years?
Over the next five years, the Plastic Film, Sheet & Bag Manufacturing industry in Canada is expected to grow.
What are the biggest companies in the Plastic Film, Sheet & Bag Manufacturing industry in Canada?
The biggest companies operating in the Plastic Film, Sheet & Bag Manufacturing industry in Canada are Winpak Ltd. and Berry Global Group Inc.
What does the Plastic Film, Sheet & Bag Manufacturing industry in Canada include?
Manufacturing plastic film for food storage bags and Manufacturing plastic film for grocery bags are part of the Plastic Film, Sheet & Bag Manufacturing industry in Canada.
Which companies have the highest market share in the Plastic Film, Sheet & Bag Manufacturing industry in Canada?
The company holding the most market share in the Plastic Film, Sheet & Bag Manufacturing industry in Canada is Winpak Ltd..
How competitive is the Plastic Film, Sheet & Bag Manufacturing industry in Canada?
The level of competition is high and steady in the Plastic Film, Sheet & Bag Manufacturing industry in Canada.
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