According to the latest report from the IMARC group, entitled “Cannabis Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027. » the global cannabis packaging market reached a value of US$982.4 million in 2021. Looking ahead, IMARC Group expects the market to reach a value of US$3949.6 million by 2027, presenting a CAGR of 25.40% over the period 2022-2027. Cannabis represents a psychoactive drug derived from the cannabis sativa plant that is used for medical and recreational purposes. It can be taken in many forms, such as tinctures, capsules, dermal patches, dermal sprays, edibles, and more. Cannabis helps with weight loss and treats muscle spasms, chronic pain, inflammatory bowel disease (IBD), nausea, diabetes, depression, attention deficit hyperactivity disorder (ADHD), glaucoma, seizures, etc. It is usually packed in bottles, jars, bags, sachets, tubes, metal boxes, etc., to avoid damage during handling, transport and storage.
We regularly monitor the direct effect of COVID-19[feminine] in the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
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The growing prevalence of stress among individuals, owing to poor sleeping habits and hectic lifestyles, is primarily driving the cannabis packaging market. Additionally, the implementation of several stringent regulations by government agencies is pushing major manufacturers to develop tamper-evident, child-resistant, resealable, and opaque packaging for cannabis edibles, further catalyzing growth. of the market. Additionally, the growing demand for cannabis in the production of nutritional supplements, sparkling water, confectionery and bakery items, etc., acts as another significant growth driver. Additionally, the growing adoption of cannabis packaging automation to focus on sustainability and branding is also positively influencing the global market. Apart from this, the introduction of recyclable variants including compostable pouches, biodegradable cellophane bags, metal cans, etc. are expected to fuel the cannabis packaging market over the forecast period.
Competitive landscape with key players:
- Bay Global Inc.
- Cannabis Science Inc.
- Cannaline Cannabis Packaging Solutions
- Diamond packaging
- Elevation Packaging Inc.
- Green Rush Packaging
- Greenlane Holdings Inc.
- Kaya packaging
- KushCo Holdings Inc.
- Maple Leaf Green World Inc.
- N2 Packaging Systems LLC.
Key Market Segmentation:
Breakdown by type:
Breakdown by packaging material:
- Cardboard containers
Breakdown by application:
- Medical use
- Recreational use
Breakdown by region:
- North America
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Main highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market trends
- Market drivers and success factors
- Impact of COVID-19
- Value chain analysis
- Complete mapping of the competitive landscape
If you need specific information that is not currently covered in the report, we will provide it to you as part of the customization.
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