$3.9bn
$XXX.Xm
3,160
33
$XXX.Xm
Paperboard mills have experienced strong performance in recent years despite earlier disruptions created by the pandemic. The primary source of demand for paperboard products comes from cardboard box and container manufacturers (IBISWorld report 32221). Demand for packaging is linked to overall consumer spending, which results in more shipments of goods that use paperboard packaging. Growth has been underpinned by strong performance in export markets alongside rising prices and resilient consumer demand. Easing inflationary pressure and interest rate cuts are expected to translate to steady sales growth in 2024. Revenue is expected to rise at a CAGR of 1.5% to $3.9 billion through the end of 2024, with growth of 4.3% forecast for the current year.
Industry revenue has grown at a CAGR of 1.5 % over the past five years, to reach an estimated $3.9bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Cascades | 826.1 | 12.4 | 1.5 | |
WestRock | 754.1 | 46.2 | 6.1 | |
Strathcona Paper LP | 32.4 | N/A | N/A |
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Industry revenue is measured across several distinct product and services lines, including Unbleached kraft paperboard, Recycled paperboard and Bleached paperboard. Unbleached kraft paperboard is the largest segment of the Paperboard Mills in Canada.
Unbleached kraft paperboard will see an environmentally friendly change
This industry processes pulp, used paper and old corrugated containers into various paperboard varieties, including unbleached and bleached packaging paperboard, coated paperboard, industrial converting paperboard and recycled paperboard. The paperboard this industry produces is sold mainly to cardboard box and container manufacturers and to a range of consumer and industrial product producers for further processing.
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NAICS 322130 - Paperboard Mills in Canada
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Strong consumer activity has helped support demand for paperboard in 2024. Cooling inflation and interest rate cuts are likely to help partially offset any weakness in dispos...
Learn about an industry's products and services, markets and trends in international trade.
Rising consumer spending lifted demand for unbleached paperboard used in the packaging and shipping of nondurable industrial goods. Significant growth in e-commerce sales dur...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Quebec is a key contributor to the manufacturing sector and generates stable downstream demand for the paperboard mill products. A significant proportion of cardboard box and...
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.
Merger and acquisition activity has boosted market share concentration in the industry. Vertically integrated companies benefit from economies of scale and access to more res...
Learn about the performance of the top companies in the industry.
During 2023, Cascades announced that it’s implementing a restructuring plan for its tissue business, a move which will affect 300 of its employees. Beginning in July 2023, Ca...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Although paperboard is used extensively in downstream industries, it’s a highly commoditized product, making industry performance highly susceptible to price fluctuations. On...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Profit has remained relatively steady in recent years as players adjusted their operations to maintain performance. The world price of wood pulp increased in recent years, wi...
Including values and annual change:
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Key data sources in Canada include:
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:
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The market size of the Paperboard Mills industry in Canada is $3.9bn in 2024.
There are 33 businesses in the Paperboard Mills industry in Canada, which has grown at a CAGR of 0.6 % between 2019 and 2024.
The market size of the Paperboard Mills industry in Canada has been growing at a CAGR of 1.5 % between 2019 and 2024.
Over the next five years, the Paperboard Mills industry in Canada is expected to grow.
The biggest companies operating in the Paperboard Mills market in Canada are Cascades, WestRock and Strathcona Paper LP
Producing unbleached and bleached packaging paperboard and Producing recycled paperboard are part of the Paperboard Mills industry.
The company holding the most market share in Canada is Cascades.
The level of competition is high and steady in the Paperboard Mills industry in Canada.