Global medical marijuana packaging market expected to generate around USD 40 billion by 2025, at a CAGR of around 15.05% between 2019 and 2025. The high demand for medical marijuana for medical and therapeutic treatments and operations is the primary factor contributing to the growth of the medical marijuana packaging market.
The report covers forecast and analysis for the medical marijuana packaging market on a global and regional level. The study provides historical data from 2016 to 2018 along with a forecast from 2019 to 2025 based on revenue (USD Billion) and volume (Tons). The study includes drivers and restraints for the medical marijuana packaging market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the medical marijuana packaging market on a global level.
In order to give the users of this report a comprehensive view of the medical marijuana packaging market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.
The report provides company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new technology launch, agreements, partnerships, collaborations & joint ventures, research & development, technology, and regional expansion of major participants involved in the market on a global and regional basis. Moreover, the study covers price trend analysis and product portfolio of various companies according to regions.
The study provides a decisive view on the medical marijuana packaging market by segmenting the market based on packaging type, mode, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2019 to 2025. The regional segmentation includes the historical and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Some key industry players operating in the global medical marijuana packaging market include Cannaline, Inkable Label, Second Nature Agency, The Green Cross collective, Elevate Packaging, Blazin Bottles, Honest Marijuana Co., Elevate Packaging, Great Pacific Packaging, Inc., Brandsy Cannabis Creative, Dixie Elixirs & Edibles, and McKernan Packaging Clearing House, among others.
This report segments the global medical marijuana packaging market into:
Global Medical Marijuana Packaging Market: Packaging Type Analysis
Global Medical Marijuana Packaging Market: Mode Analysis
Global Medical Marijuana Packaging Market: Regional Analysis
Medical marijuana utilizes marijuana chemicals or plants to treat various medical conditions and diseases. Medical marijuana is the same as recreational marijuana, but it's advised to consume for medical purposes only. The marijuana plant constitutes more than 100 different chemicals that are called cannabinoids. Each cannabinoid has a different effect on the human body. Cannabidiol (CBD) and Delta-9-tetrahydrocannabinol (THC) are two crucial chemicals that are used in medical marijuana.
The high demand for medical marijuana for medical and therapeutic treatments and operations is the primary factor contributing to the growth of the medical marijuana packaging market. Additionally, huge public and private investments in R&D to discover safer forms of ingesting marijuana, such as oils and tinctures, is expected to have a positive impact on this market’s growth in the future. The presence of several regulatory bodies and institutions for policy formulations, such as the Medical Marijuana Regulation and Safety Act, will further stimulate the medical marijuana packaging market in the upcoming years. There are a specific set of rules and regulations that every packaging company has to follow to sell medical marijuana. Every packaging should have labeling and specific dosage information for safety purposes, particularly for child-resistant packaging. Labeling regulations should be particular about quantity and information of chemicals in medical marijuana. However, the time-consuming government approval process may hamper the medical marijuana packaging market in the future.
Based on packaging type, the medical marijuana packaging market is segmented into flower packaging, concentrate packaging, and edible packaging. On the basis of mode, the market is categorized into jars, bottles, vials, tubes, wrappers, concentrate containers and custom packaging.
By region, North America held an extensive revenue share of the global medical marijuana packaging market in 2018 and is expected to dominate in the upcoming years as well. This regional growth can be attributed to the growing acceptance of medical marijuana in most of the U.S. states and the widened scope of medical marijuana due to cannabis legalization. The Asia Pacific medical marijuana packaging market is expected to provide significant opportunities in the global market, owing to the growing acceptance of medical marijuana in the Southeast Asian nations. Thailand was the first country to legalize the use of medical marijuana.
Some key industry players operating in the global medical marijuana packaging market include Cannaline, Inkable Label, Second Nature Agency, The Green Cross collective, Elevate Packaging, Blazin Bottles, Honest Marijuana Co., Elevate Packaging, Great Pacific Packaging, Inc., Brandsy Cannabis Creative, Dixie Elixirs & Edibles, and McKernan Packaging Clearing House, among others.
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