Other Plastic Product Manufacturing in Canada - Market Research Report (2014-2029)
New York, United States
Last Updated: January 2024
NAICS 32619CARevenue
$21.4bn
Past 5-Year Growth
Profit
$X.Xbn
Employees
66,123
Businesses
1,652
Wages
$X.Xbn
Other Plastic Product Manufacturing in Canada industry analysis
Plastic products have a wide range of uses, which has helped to moderate large swings in demand for goods produced by the Other Plastic Product Manufacturing industry in Canada in recent years. Industry revenue grew at a CAGR of 3.8% to $23.9 billion over the past five years. The industry benefited from steady growth in demand from domestic automotive and related parts manufacturers. Another significant source of demand comes from construction markets, which require industry products such as plastic doors, windows and plumbing fixtures. A further boost to sales came from consistent expenditure by consumers on residential renovation projects. As downstream spending cools, industry revenue is expected to expand 0.3% in 2024.
Trends and Insights
- Strong residential construction and renovation drives growth. This spending boom helped drive strong revenue growth in 2021 and 2022. Higher mortgage rates and fewer home equity loans will weaken demand from these markets in 2023.
- Fabricated plastic products for building applications are largest product segment. The recent housing construction and renovation boom has aided this segment's growth.
- Most Canadian plastic product manufacturers are in Ontario. The industrial sector in Ontario provides a stable source of demand for downstream manufacturing activity.
- Low barriers to entry increase the threat of competition from companies outside the industry. A high level of product differentiation insulates companies from direct competition with other players.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 1.5 % over the past five years, to reach an estimated $21.4bn in 2024.
Trends and Insights
Strong residential construction and renovation drives growth
- Beginning in the second half of 2020, low interest rates aided a strong rebound in residential construction and renovation activity. Industry operators supplied home builders and remodelers with various plastic parts, such as windows, doors and plumbing fixtures.
- Additional trends and insights available with purchase
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Industry demand set to rise
- Demand for plastic building materials, plumbing fixtures and flooring depends on activity in construction and renovation markets. These markets are anticipated to see growth over the course of the five years to 2029, though a downturn is anticipated during the current year.
Biggest companies in the Other Plastic Product Manufacturing in Canada
| Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Durabuilt Windows & Doors Inc. | 125.9 | N/A | N/A | |
Horizon Plastics International Inc. | 83.9 | N/A | N/A |
To view the market share and analysis for all 2 top companies in this industry, view purchase options.
Products & Services Segmentation
Other Plastic Product Manufacturing in Canada
Products & Services
Industry revenue is measured across several distinct product and services lines, including Fabricated plastic products for transportation applications, Consumer, institutional and commercial fabricated plastic products and Fabricated plastic products for building applications. Fabricated plastic products for transportation applications is the largest segment of the Other Plastic Product Manufacturing in Canada.
Trends and Insights
Fabricated plastic products for consumer, institutional and commercial applications
- The share of revenue generated by this segment has increased through the end of 2023, reflecting the greater use of plastic products in a wider selection of goods and applications. The low cost and durability of plastic cups, flower pots, ice buckets and other items included in this category indicate that there will be continued growth in this product segment.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Rubber Product Manufacturing in Canada
Complementors
- Plastic Film, Sheet & Bag Manufacturing in Canada
- Plastic Pipe & Parts Manufacturing in Canada
- Plastic Bottle Manufacturing in Canada
International industries
- Global Plastic Product & Packaging Manufacturing
- Plastic Products Miscellaneous Manufacturing in the US
- Hot Tub Manufacturing in the US
- Contract Injection Molding Manufacturing in the US
- Plastic Pipe and Plastic Packaging Material Manufacturing in Australia
Table of Contents
About this industry
Industry definition
The Other Plastic Product Manufacturing industry in Canada manufactures a range of plastic products, including housewares, building materials, motor vehicle parts, resilient floor coverings and appliance parts. This industry specifically excludes plastic film, sheet, bags, profile shapes, pipes, pipe fittings, laminates, foam products and bottles.
What's included in this industry?
Plastic housewares (e.g. fixtures and fittings) manufacturingPlastic building materials manufacturingPlastic packaging material, except bottles, manufacturingPlastic bottle cap and lid manufacturingPlastic floor covering manufacturingPlastic motor vehicle part manufacturingPlastic inputs for appliances manufacturingPlastic credit and identification card manufacturingPlastic inputs for consumer durables manufacturingPlastic trash container manufacturingCompanies
Durabuilt Windows & Doors Inc.Horizon Plastics International Inc.Purchase this report to view all 2 major companies in this industry.
Related Terms
BLOW MOULDINGEXTRUSIONINJECTION MOULDINGIndustry Code
NAICS 32619 - Other Plastic Product 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
Strong residential construction and renovation drives growth. This spending boom helped drive strong revenue growth in 2021 and 2022. Higher mortgage rates and fewer home equ...
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
Fabricated plastic products for building applications are largest product segment. The recent housing construction and renovation boom has aided this segment's growth.
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
Most Canadian plastic product manufacturers are in Ontario. The industrial sector in Ontario provides a stable source of demand for downstream manufacturing activity.
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
Low barriers to entry increase the threat of competition from companies outside the industry. A high level of product differentiation insulates companies from direct competit...
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
There are no major players in this industry. Most manufacturers claim a relatively small share of the total market.
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 Durabuilt Windows & Doors Inc.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Horizon Plastics International Inc.'s performance by revenue, market share and profit margin from 2018 through 2024
Detailed analysis
- Description and key data for Durabuilt Windows & Doors Inc., and factors influencing its performance in the industry
- Description and key data for Horizon Plastics International Inc., 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
Plastic manufacturers exhibit a low level of capital intensity. Capital intensity has remained stable, though this can differ between manufacturers due to the wide range of p...
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
Strong downstream demand and costs led to higher profit. Profit has ulitmately grown for plastic manufacturers due to high demand.
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 Other Plastic Product Manufacturing industry in Canada in 2024?
The market size of the Other Plastic Product Manufacturing industry in Canada is $21.4bn in 2024.
How many businesses are there in the Other Plastic Product Manufacturing in Canada industry in 2024?
There are 1,652 businesses in the Other Plastic Product Manufacturing industry in Canada, which has grown at a CAGR of 0.2 % between 2019 and 2024.
Has the Other Plastic Product Manufacturing industry in Canada grown or declined over the past 5 years?
The market size of the Other Plastic Product Manufacturing industry in Canada has been growing at a CAGR of 1.5 % between 2019 and 2024.
What is the forecast growth of the Other Plastic Product Manufacturing industry in Canada over the next 5 years?
Over the next five years, the Other Plastic Product Manufacturing industry in Canada is expected to grow.
What are the biggest companies in the Other Plastic Product Manufacturing market in Canada?
The biggest companies operating in the Other Plastic Product Manufacturing market in Canada are Durabuilt Windows & Doors Inc. and Horizon Plastics International Inc.
What does the Other Plastic Product Manufacturing in Canada include?
Plastic housewares (e.g. fixtures and fittings) manufacturing and Plastic building materials manufacturing are part of the Other Plastic Product Manufacturing industry.
Which companies have the highest market share in the Other Plastic Product Manufacturing in Canada?
The company holding the most market share in Canada is Durabuilt Windows & Doors Inc..
How competitive is the Other Plastic Product Manufacturing industry in Canada?
The level of competition is moderate and steady in the Other Plastic Product Manufacturing industry in Canada.
