Global cannabis packaging market expected to reach USD 20.41 billion by 2025, at a CAGR of 7.1% between 2019 and 2025. The packaging of cannabis is the most crucial process owing to various regulations imposed by the governments of different countries across the globe.
The report covers a forecast and an analysis of the cannabis packaging market on a global and regional level. The study provides historical information from 2016 to 2018 with a forecast from 2019 to 2025 based on both volume (Kilotons) and revenue (USD Billion). The complete study covers the key drivers and restraints of the cannabis packaging market. It also provides the impact of the market within the forecast period. Furthermore, the study also includes the opportunities accessible within the cannabis packaging market on a global level.
In order to offer the users of this report, a comprehensive view of the cannabis packaging market, we have enclosed a detailed value chain analysis. To know the competitive landscape within the market, an analysis of Porter’s Five Forces model for the cannabis packaging market has additionally been enclosed within the study. The study includes a market attractiveness analysis, wherein all the segments are benchmarked supported their market size, rate, and general attractiveness.
The study also includes the market share of the key participant’s operating in the cannabis packaging market across the globe. Additionally, the report covers the strategic development together with acquisitions & mergers, agreements, partnerships, collaborations, and joint ventures, and regional growth of the key players within the market on a regional basis.
The study provides a crucial view of the cannabis packaging market by segmenting the market based on type, application, and, region. All the segments have been analyzed based on present and future trends and the market is estimated from 2019 to 2025. Based on the type, global cannabis packaging includes rigid packaging and flexible packaging. Based on application, the global cannabis packaging includes medical, recreational, and others. Additionally, the regional classification includes Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa. The regions are further divided into major countries, such as the U.S., UK, Germany, Canada, France, China, Japan, and Brazil, among others.
Some key manufacturers of the global cannabis packaging market are Laguna Blends, Lexaria Bioscience, J.L. Clark, Elevate Packaging, Kush Bottles, Brandy Cannabis Creative, Dixie Elixirs & Edibles, McKernan Packaging Clearing House, Shatter Labels, LifeLoc Technologies, Maple Leaf Green World, and Kaya Cannabis, among others.
This report segments the global cannabis packaging market into:
Global Cannabis Packaging Market: Type Analysis
Global Cannabis Packaging Market: Application Analysis
Global Cannabis Packaging Market: Regional Analysis
The packaging of cannabis is the most crucial process owing to various regulations imposed by the governments of different countries across the globe. According to these strict regulations, the packaging of cannabis products should have a single and uniform color, with a standardized font style.
The global cannabis packaging market is expected to register notable growth in the next few years, owing to the rising demand for medical and recreational cannabis products. Moreover, the legalization of cannabis in various countries of North America is another major factor driving the global cannabis packaging market. However, the stringent regulation related to cannabis packaging may hamper the market growth of cannabis packaging in the future globally. Alternatively, the rising demand for cannabis for medical use and edible products is projected to offer new growth opportunities in the global cannabis packaging market in the upcoming years.
The global cannabis packaging market is classified based on type and application. The type segment of the cannabis packaging market includes rigid packaging and flexible packaging. The rigid packaging segment is expected to contribute significantly to the global cannabis packaging in the future, owing to the extensive use of vials and bottles for medical cannabis packaging. Based on application, the global cannabis packaging includes medical, recreational, and others. The medical segment is anticipated to grow substantially over the forecast time period, owing to the rising cannabis demand for medicinal purposes in government authorized medical centers in countries where cannabis is legalized.
By region, North America dominated the global cannabis packaging market and is expected to continue its dominance over the forecast time period as well. The increasing use of cannabis by the medical industry for treating various chronic conditions, such as epilepsy, Alzheimer’s, etc., is estimated to boost the North American cannabis packaging market in the future. Cannabis is used to reduce vomiting and nausea during chemotherapy, improve appetite for the patients of HIV/AIDSs, and lower chronic pain and muscle spasms. This, in turn, is fuelling the use of cannabis in various medicines in small amounts, which is expected to further increase the demand for cannabis packaging, thereby, fuelling the market growth in North America.
Some key players of the global cannabis packaging market are Brandy Cannabis Creative, Laguna Blends, McKernan Packaging Clearing House, Lexaria Bioscience, J.L. Clark, Elevate Packaging, Kush Bottles, Dixie Elixirs & Edibles, Shatter Labels, LifeLoc Technologies, Maple Leaf Green World, and Kaya Cannabis, among others.
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