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. Going forward, IMARC Group expects the market to reach a value of US$3949.6 million by 2027, posting a CAGR of 25.40% over the period 2022-2027.
Cannabis is a psychoactive drug made up of tetrahydrocannabinol (THC) compounds derived from the cannabis plant. It is widely used as a drug for recreational and entheogenic purposes. Cannabis packaging is the most important element in maintaining the integrity of the plant. Some of the standard materials used for cannabis packaging include plastic resins, films, and foils. This includes activities such as curing, curing, grading, storing, trimming and labeling packaged cannabis products. Manufacturers are also required to comply with regulations implemented by government agencies for cannabis packaging, which include a label with the standardized cannabis symbol, a mandatory health warning message, and specific product information such as the cannabis class and brand name.
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Cannabis Packaging Market Trends:
One of the key factors driving the growth of the cannabis packaging market is the legalization of cannabis in several countries for medical purposes. This is further supported by growing consumer awareness of the benefits of cannabis, which, in turn, has dramatically increased its demand. Additionally, growing demand for quality cannabis packaging solutions, such as child-resistant, tamper-evident, resealable, and opaque packaging solutions, to reduce the risk of accidental consumption and overuse, is driving growth. of the market.
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Like the new coronavirus (COVID-19[FEMALE)[FEMININE) The crisis is taking over the world, we are constantly monitoring the changes in the markets, as well as the industrial behavior of consumers around the world and our estimates on the latest market trends and forecasts are made after taking into account the impact of this pandemic. .
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.
The IMARC Group is a leading market research firm providing management strategies and market research worldwide. We partner with clients across all industries and geographies to identify their most important opportunities, address their most critical challenges and transform their businesses.
IMARC’s information products include major business, scientific, economic and technological developments for business leaders in pharmaceutical, industrial and high-tech organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverages, travel and tourism, nanotechnology and new processing methods are at the top of the list. company expertise.
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