1. Introduction
The Canadian Market study was conducted by Aperia International Inc.and its
employees, proving content to the best of their knowledge and based on internally
and publicly available data.
Where applicable we have provided references for the data used, which came for
example from client studies, portals and agencies (Euromonitor, Passport,
Technavio etc) as well as external databases.

The Canadian market is much smaller than the US market and the data availability
was limited. In addition to the data we found, we have used a triangulation and
educated best guesses.

2. Executive Summary
The Canadian tube market for all type of tubes is estimated at $200-$300M. The
addressable market for laminated is between $75-125M, excluding material
substitution.
Smaller sectors like local producers of cosmetics and skin care may provide a
good initial starting point. The oral care market like in the US is dominated by the
global players. There are a some smaller local and private label toothpaste
producers but we believe margins are lower than in pharma or cosmetics.
We see a 5-10 year target of $10-15M as very realistic, most likely with better
margins than the US.
Local presence with a local sales office is important, the east coast is the preferred
location (Toronto, Quebec, Montreal)……..