As of July 2024, the market capitalization of Royal Bank of Canada amounted to 154 billion Canadian dollars, which placed the company at the top of the ranking. What is market capitalization? Market capitalization is one of the measures of the financial strength of a company. It shows the value of shares outstanding of a publicly traded company. It is basically calculated by multiplying the number of shares traded on a stock exchange by the price of a single share. Worldwide rankings In the United States, JP Morgan Chase bank had the largest market cap among the U.S. banks, amounting to 688.68 billion U.S. dollars as of January 2025. The bank was also the leader in the global ranking, followed by Bank of America, and ICBC (Industrial and Commercial Bank of China).

The Royal Bank of Canada (RBC) maintained its position as Canada's most valuable bank by market capitalization, reaching 170 billion U.S. dollars in December 2024. Toronto-Dominion Bank held the second position with a market cap of 93.08 billion U.S. dollars, substantially lower than RBC but still significantly ahead of the third-ranked Bank of Montreal. Beyond its market value leadership, RBC also led Canadian banks in terms of total assets. What is market capitalization? Market capitalization provides a key metric for estimating a company's value, calculated by multiplying the share price by the total number of outstanding shares. This measure reflects investor sentiment: when investors perceive a company as undervalued, their buying activity drives up both share prices and market capitalization. However, prudent investors don't rely solely on market cap; they conduct thorough analysis of fundamental metrics, including balance sheet data and other financial indicators, to make informed investment decisions. In 2024, investor confidence in the Royal Bank of Canada was particularly evident, as RBC's share price reached unprecedented levels, setting new historical highs. Key banking metrics Banking institutions can be evaluated through multiple important measures, each offering distinct insights into their operations and market position. Total assets, analogous to a retailer's sales volume, provides a meaningful indicator of a bank's operational scale and market influence through the volume of funds under management. Revenue serves as a more direct measure of a bank's financial performance, reflecting its ability to generate income from its various banking activities. Customer base, perhaps the most straightforward metric, reveals a bank's market penetration and public reach. By this measure, both TD Bank and RBC emerged as Canada's dominant banking institutions, with the largest number of primary banking relationships.

As of September 2024, Nutrien, a global leader in the manufacture of fertilizers, was by far the most valuable Canadian chemical company based on market capitalization, at over 23.1 billion U.S. dollars. Nutrien was followed by Methanex Corporation, valued at 2.5 billion dollars.

The market capitalization of Royal Bank of Canada (RBC) increased significantly between 2020 and 2024, despite fluctuations. RBC's market cap had dropped to around 132.5 billion Canadian dollars in 2020 but increased up to around 183.5 billion Canadian dollars in 2021. The drop in market cap in 2020 was not unique for RBC - all major banks globally saw a drop in their market cap in 2020 due to the coronavirus pandemic. In 2024, the market cap of RBC was approximately 238.19 billion Canadian dollars, which was the highest value observed during this period.

Canada's main stock market index, the TSX, fell to 26419 points on June 9, 2025, losing 0.04% from the previous session. Over the past month, the index has climbed 3.47% and is up 19.70% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks this benchmark index from Canada. Canada Stock Market Index (TSX) - values, historical data, forecasts and news - updated on June of 2025.

As of April 18, 2024, the nine leading real estate investment trusts (REITs) in Canada had a combined market capitalization of nearly 39 billion Canadian dollars. Canadian Apartment Properties had the highest market cap at 7.8 billion Canadian dollars, about three billion higher than RioCan, which held second place. Canadian Apartment Properties is an apartment properties investment trust that specializes in mid-tier and luxury multiunit residential rental properties.

As of April 2022, the fertilizer company Nutrien had the largest market capitalization of any Canadian mining company, at 51.91 billion U.S. dollars. In second place at that time was the gold mining company Barrick Gold, at 45.92 billion U.S. dollars.

Almost 75 percent of the mining companies in the world are headquartered in Canada.

The Canadian plastic caps and closures market, valued at $2.51 billion in 2025, is projected to experience steady growth, driven by the flourishing food and beverage, personal care, and household chemical sectors. A compound annual growth rate (CAGR) of 3.62% from 2025 to 2033 indicates a robust market outlook. The increasing demand for convenient packaging solutions across various industries fuels this growth. Within the market, polyethylene (PE), polyethylene terephthalate (PET), and polypropylene (PP) resins dominate, catering to diverse product types such as threaded screw caps, dispensing closures, and child-resistant caps. The bottled water, carbonated soft drinks, and juice segments within the beverage industry are key drivers. While environmental concerns regarding plastic waste pose a potential restraint, the industry is actively addressing this through the development of sustainable and recyclable materials and closures. Key players like Berry Global Inc., Bericap Inc., and Amcor Plc are shaping the market through innovation and strategic expansion. The market's segmentation offers opportunities for specialized solutions, particularly in child-resistant closures driven by safety regulations and eco-conscious options driven by growing consumer demand for sustainable packaging. Future growth will likely be influenced by advancements in material science, innovative closure designs, and increasing regulatory scrutiny concerning plastic waste management. The market's growth trajectory is underpinned by several factors. Continued growth in the food and beverage industry, specifically in convenient, on-the-go packaging, is a major catalyst. The increasing popularity of bottled water and other ready-to-drink beverages further fuels demand. The personal care and cosmetics sectors also contribute significantly, with the need for tamper-evident and aesthetically pleasing closures. While the overall market exhibits stable growth, specific segments might experience varying growth rates. For instance, child-resistant closures are likely to see comparatively faster growth due to increased safety regulations. Companies are likely to focus on developing innovative and sustainable solutions to mitigate the environmental concerns related to plastic waste, driving investments in biodegradable and recyclable materials. Competition is expected to remain intense, with existing players focusing on innovation and strategic partnerships to maintain market share. Recent developments include: May 2024 - Origin Materials, based in North America including Canada, has unveiled a groundbreaking addition to its PET caps and closures lineup: the tethered PET cap. This innovation complements Origin's previously introduced PET closure, renowned globally as the lightest CSD (carbonated soft drink) cap, designed to fit the PCO 1881 neck finish., February 2024 - Avient Corporation, collaborating with Plastic Bank Recycling Corporation based in Vancouver, Canada, transforms ocean plastic into a cutting-edge Density Modified Polymer for high-end caps and closures. Avient, a leading provider of sustainable material solutions, proudly introduces its latest offering, Gravi-Tech REC GT5200-5089 C I natural. This innovative grade is crafted from up to 60% Social Plastic resin sourced from Plastic Bank, an organization dedicated to gathering and repurposing ocean-bound plastic. Notably, this new grade enhances design flexibility and streamlines production, outperforming traditional metal options in luxury packaging.. Key drivers for this market are: High Consumption of Bottled Beverages To Push the Market Growth. Potential restraints include: High Consumption of Bottled Beverages To Push the Market Growth. Notable trends are: Polyethylene To Witness Growth Owing to its Durability.

In 2019, Canopy Growth Corporation was the Canadian company with the highest market capitalization in the global cannabis industry, with a value of 6.7 billion U.S. dollars.

The United States & Canada aluminum tubes market is set to enjoy a valuation of US$ 177.2 million in 2023. Over the next decade (2023 to 2033), aluminum tube sales across the United States & Canada are likely to soar at 4.4% CAGR. By 2033, the total market value is expected to reach US$ 272.7 million.

Attribute	Key Insights
Estimated United States & Canada Aluminum Tube Market Value (2023)	US$ 177.2 million
Projected United States & Canada Aluminum Tube Market Size (2033)	US$ 272.7 million
Value-based CAGR (2023 to 2033)	4.4%
Collective Value Share: Top 5 Companies (2022A)	45% to 50%

Country-wise Insights

Country	United States
Market Share (2023)	87.7%
Market Share (2033)	85.9%
BPS Analysis	-180

Country	Canada
Market Share (2023)	12.3%
Market Share (2033)	14.1%
BPS Analysis	+180

Scope of Report

Attribute	Details
Estimated Market Value (2023)	US$ 177.2 million
Projected Market Value (2033)	US$ 272.7 million
Anticipated Growth Rate (2023 to 2033)	4.4% CAGR
Historical Data	2018 to 2022
Forecast Period	2023 to 2033
Quantitative Units	Revenue in US$ Million, Volume in Units, and CAGR from 2023 to 2033
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segments Covered	Capacity Cap Type End Use Country
Key Countries Covered	United States Canada
Key Companies Profiled	MonteBello Packaging Inc. Pack-Tubes AllTub Group AmberTube Linhardt GmbH & Co. KG Sonic Packaging Industries Inc. Apackaging Group LLC AndPack Inc. Paket Corporation LAGEENTUBES Clt-Th Packaging Sl

The market cap of real estate investment trusts (REITs) in Canada has decreased dramatically since 2021. As of December 2024, the aggregate market capitalization, or the market value of the outstanding shares of stocks of all REITs, amounted to 32.84 billion U.S. dollars, down from 58.9 billion U.S. dollars in December 2021. REITs are companies that own or finance rental real estate. One of their major benefits is liquidity: Though not all REITs are publicly traded, many of the major ones are, which allows investors to easily buy and sell shares. Because REITs pay out most of their taxable income to shareholders as dividends, they typically do not pay any corporate income tax.

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Private Equity Market Size 2025-2029

The private equity market size is forecast to increase by USD 885.7 billion at a CAGR of 9.5% between 2024 and 2029.

The private equity and venture capital investment landscape is experiencing significant growth, driven by an increase in deal volumes and the rising number of high-net-worth individuals (HNWIs) worldwide. This trend is fueled by the attractive returns offered by private equity and venture capital investments, which have become a popular asset class for wealth management portfolios. However, this market is not without challenges. Transaction risks, such as regulatory changes and foreign exchange fluctuations, can pose significant hurdles for investors. Additionally, there is a growing demand for impact investing, particularly in sectors like renewable energy, as investors seek to align their financial goals with social and environmental objectives.
Navigating these trends and challenges requires a deep understanding of market dynamics and a strategic approach to investment opportunities. This market trends and analysis report delves deeper into these topics, providing valuable insights for professionals seeking to maximize their private equity investments.

What will be the Size of the Private Equity Market during the forecast period?

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The markets continue to evolve, with investment strategies becoming increasingly data-driven and sophisticated. Investor returns remain a key focus, with growth stage investing and innovation hubs driving value creation. Risk management is crucial in this industry, with deal origination and fundraising strategies carefully considered. Management fees and capital calls are essential components of the fund lifecycle, while deal closing and post-investment management ensure optimal portfolio performance. Cryptocurrency investments represent an emerging trend, with digital assets joining traditional assets in investment portfolios. Impact measurement and regulatory compliance are also critical, as private equity firms strive for transparency and customer experience.
ESG integration and industry consolidation are shaping the venture capital ecosystem, with secondary market sales providing liquidity for investors. Fund size and investment strategies vary, with some focusing on start-ups and emerging technologies. Technology adoption is a significant factor in fund performance, with customer acquisition and retention key to long-term success. Fund returns are closely monitored, with performance fees incentivizing top-performing funds. In the global private equity landscape, fundraising strategies and industry trends continue to evolve. Regulatory compliance and customer experience are paramount, with digital assets investment and ESG integration shaping the future of the industry.
Private equity sales and industry consolidation are ongoing, with post-investment management and portfolio optimization crucial to maximizing returns.

How is this Private Equity Industry segmented?

The private equity industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

End-user

  Privately held companies
  Start-up companies


Application

  Leveraged buyouts
  Venture capital
  Equity investment
  Enterpreneurship


Investments

  Large Cap
  Upper Middle Market
  Lower Middle Market
  Real Estate
  Large Cap
  Upper Middle Market
  Lower Middle Market
  Real Estate


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    UK


  Middle East and Africa



  APAC

    Australia
    China
    India
    Japan


  South America

    Brazil


  Rest of World (ROW)

By End-user Insights

The privately held companies segment is estimated to witness significant growth during the forecast period.

In the realm of investment, private equity portfolios play a significant role in the additive manufacturing market. These portfolios encompass various investment vehicles, such as buyout funds, growth equity funds, strategic investments, and late-stage funding. Each type caters to different growth stages of companies in the sector. Buyout funds focus on acquiring controlling stakes in mature companies, often facilitating digital transformation and operational improvements. Growth equity funds, on the other hand, invest in companies with proven business models, aiming to fuel their expansion through capital infusion and industry expertise. Strategic investments are made by firms seeking to gain a foothold in a new market or expand their existing presence.

Legal frameworks and regulatory landscapes play a crucial role in shaping the market dynamics. Alternative investments, such as distressed debt funds and private debt, provide opportuni

The New York Stock Exchange (NYSE) continues to dominate the Americas' financial landscape, boasting a staggering market capitalization of over 28 trillion U.S. dollars as of March 2024. This figure dwarfs its closest regional competitor, Nasdaq, which stands at approximately 25.4 trillion U.S. dollars. The sheer scale of these American exchanges underscores their critical role in global finance, with the NYSE alone surpassing the combined market cap of all other listed exchanges in the Americas. Global competition and innovation While U.S. exchanges lead in market capitalization, other global markets are showing strength in different areas. India's stock exchanges, for instance, have become hotbeds for initial public offerings (IPOs). In 2024, the National Stock Exchange of India and Bombay Stock Exchange collectively hosted 327 IPO deals, more than double the 137 deals on Nasdaq. This surge in IPO activity reflects India's growing economic influence and the increasing appeal of its capital markets to both domestic and international companies. Diversity in exchange metrics Market capitalization is just one measure of an exchange's significance. While third in market cap among American exchanges, for instance, the TMX Group in Canada leads the continent in the number of listed companies with 3,569 as of December 2024. This diversity in metrics highlights the multifaceted nature of stock exchange comparisons and the importance of considering various factors when assessing their global impact and appeal to companies seeking public listing.

Based in Toronto, the TMX Canada was the largest stock exchange in the Americas as of December 2024 in terms of companies listed, with 3,569. The B3 - Brasil Bolsa Balcao was the largest in South America, with 339 companies. Stock exchange size The number of companies is a straightforward way to measure the size of a stock exchange, but there are others. For example, market capitalization, or market cap, refers to the number of shares available on the exchange multiplied by the price per share. This paints a picture of the financial size of the exchange. Another metric is the measure of capital raised, which gives an idea of the profitability of the exchange for the companies listed. Why measure stock exchanges? A stock exchange is essentially a place where people can buy shares in a company. In principle, one can go online and buy from any of the exchanges in this statistic. However, companies choose where to offer their stock for a variety of reasons. These initial public offerings (IPOs) take place in the countries chosen by the company as the place in which that company can best earn money. This affects the inflow of money into the market, and a vibrant exchange will help established firms as well. On the supply side, an economy can profit from the securities industry as well. For these reasons and others, analysts pay close attention to the size of exchanges.

The S&P/TSX Composite index (CAD) closed at 24,727.94 points at the end of 2024. This was an increase over the past year. What is the S&P/TSX Composite index? The S&P/TSX Composite index is a Canadian index that measures stocks on the Toronto Stock Exchange, one of the largest stock exchanges worldwide. A stock market index tracks the development of a group of stock prices. It allows to get a quick idea of economic climate in a given region. Canadian stock market The size of a stock exchange is basically the sum of market capitalizations of companies being traded on this stock exchange. The largest companies in terms of market capitalization in Canada in 2024 were the Royal Bank of Canada, and Toronto Dominion Bank. The total market capitalization of listed domestic companies in Canada equaled to 2.74 trillion U.S. dollars in 2022.

Canadian Apartment Properties was the real estate investment trust (REIT) with the largest market cap in Canada as of April 11, 2024. The market cap, or the aggregate value of the total outstanding shares of the company, was 5.4 billion U.S. dollars during that period. Canadian Apartment Properties also had the third-highest revenue after Choice Properties and RioCan. Nevertheless, Dream Industrial headed the ranking in terms of five-year return on investment (ROI), at 7.58 percent. RioCan's EBITDA margin was also the second-highest, with earnings before interest, taxes, depreciation, and amortization amounting to 65.53 percent of the company's revenue. In terms of dividends, Allied Properties ranked first, with a dividend yield of 9.97 percent.

In 2024, stock markets in the United States accounted for roughly 60 percent of world stocks. The next largest country by stock market share was Japan, followed by the United Kingdom. The New York Stock Exchange (NYSE) and the NASDAQ are the largest stock exchange operators worldwide. What is a stock exchange? The first modern publicly traded company was the Dutch East Industry Company, which sold shares to the general public to fund expeditions to Asia. Since then, groups of companies have formed exchanges in which brokers and dealers can come together and make transactions in one space. Stock market indices group companies trading on a given exchange, giving an idea of how they evolve in real time. Appeal of stock ownership Over half of adults in the United States are investing money in the stock market. Stocks are an attractive investment because the possible return is higher than offered by other financial instruments.

Australian mining company Lynas Corporation Ltd. was the leading global rare earth mining company (outside of China) based on market capitalization as of March 2024. Lynas Corporation's market capitalization was 7.34 billion Canadian dollars at that time. Another Australian mining company, Iluka Resources, was ranked second among rare earth mineral mining companies operating outside of China at that time, with a market capitalization of 4.23 billion Canadian dollars.

The S&P/TSX Composite index, comprised of around 250 of the largest companies listed on the Toronto Stock Exchange, lost around one third of its value between February 16 and March 15, 2020, owing to the economic impact of the global coronavirus (COVID-19) pandemic. It has since recovered, surpassing its pre-corona level in early 2021.

The S&P/TSX Composite index is considered benchmark index for Canada, and represents around 70 percent of the total market capitalization of the Toronto Stock Exchange, which is the main Canadian stock exchange.

Enbridge is the world's leading oil and gas equipment and service provider based on market capitalization. As of April 14, 2022, Enbridge had a market cap of 93.37 billion U.S. dollars. The Canada-based company specializes in energy transportation and infrastructure, with a vast network of underground pipelines to deliver crude oil and liquids. The company is also the largest distributor of natural gas in Canada and extends its services into the United States and Gulf of Mexico. As of that month, the top ten ranking global companies were exclusively from North America, primarily based in the U.S.

What is market cap?

As opposed to sales or assets, market capitalization is a metric used to determine a company’s size and worth on the stock market. For example, outstanding shares of U.S.-based Energy Transfer were valued at 35.64 U.S. dollars, less than a third of Enbridge's market cap, but Energy Transfer outpaced Enbridge in terms of revenue. In the 2020/2021 fiscal year, Energy Transfer was the leading oil and gas equipment and service provider based on revenue. The differing ratios exemplify how market capitalization is not a hard figure like revenue, but inflates and fluctuates according to the perceived value of a company, influenced by less quantifiable factors.

How oil & gas equipment providers compare with oil producers

Oilfield service providers and oil and gas transportation companies are usually less valuable than those companies operating in all areas of the supply chain. The leading oil and gas companies worldwide based on market cap are producing giants such as ExxonMobil and Shell. These companies not only extract hydrocarbons, but also own and operate refineries and petrochemical manufacturing units and also serve as retailers to the average consumer.