Global Cannabis Packaging Market, By Type (Rigid, Semi Rigid, Flexible), Packaging Type (Glass, Metal, Plastic, Cardboard Containers), Application (Medical Use, Recreational Use, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Cannabis Packaging Market
Cannabis packaging market size is valued at USD 24.10 million by 2028 and is expected to grow at a compound annual growth rate of 7.10% for the forecast period of 2021 to 2028. Data Bridge Market Research report on cannabis packaging market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
The cannabis packaging market is rising in demand owing to rapidly increasing use of cannabis for both medicinal and recreational purposes. Also, the legitimizing the use of cannabis by various governments of countries particularly in North America is also highly impacting the growth of the cannabis packaging in the forecast period of 2021 to 2028. The increasing demand for medical and recreational cannabis products for consumption along with the introduction of new active packaging solutions for cannabis are anticipated to flourish the growth of the market owing to the above mentioned reasons and is also is projected to grow substantially during the forecast period. Furthermore, the rapid increase in the medical cannabis packaging industry due to increasing proliferation of cannabis in the medical industry, which has, in turn, created a huge demand for protective packaging which is also expected to push the growth of cannabis packaging market in the above mentioned forecast period. The major factor which actively drives the demand of cannabis packaging market is the growth of customized cannabis packaging solutions to maintain the brand positioning as well as the growing need for quality compliant packaging has given importance amongst cannabis manufacturers. Likewise, the ever-increasing use of cannabis for recreational purposes and high growth of new tamper-proof and child-proof cannabis packaging solutions will further offer various growth opportunities for the growth of cannabis packaging market over the forecast period of 2021 to 2028.
However, the strict regulations related to cannabis packaging will impede the growth of the cannabis packaging market in the above mentioned forecast period, whereas the high initial investment have the potential to challenge the growth of the market.
This cannabis packaging market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on cannabis packaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Cannabis Packaging Market Scope and Market Size
Cannabis packaging market is segmented on the basis of type, packaging type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the cannabis packaging market is segmented into rigid, semi rigid and flexible. Rigid is further segmented into trays, plastic tubes and others. Semi rigid is further segmented into box inserts and others. Flexible is further segmented into blisters, clamshells, shatter containers and others.
- Based on packaging type, the cannabis packaging market is segmented into glass, metal, plastic and cardboard containers. Plastic is further segmented into jars, vials, hinge-top containers, boxes, bags, tubes, tails and others.
- The application segment of the cannabis packaging market is segmented into medical use, recreational use and others.
Cannabis Packaging Market Country Level Analysis
Cannabis packaging market is analyzed and market size, volume information is provided by country, type, packaging type and application as referenced above.
The countries covered in the cannabis packaging market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America leads the cannabis packaging market because of the rapid increase in use of cannabis for the treatment of chronic diseases and recreational purposes in this region. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the rising applications of cannabis in the treatment of mental illness in this region.
The country section of the cannabis packaging market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Cannabis Packaging Market Share Analysis
Cannabis packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to cannabis packaging market.
The major players covered in the cannabis packaging market report are J.L. CLARK, Elevate Packaging, The BoxMaker, Kush Supply Co, Inc., Cannabis Creative Group, Dixie Brands, Cannaline, MMC Depot, Origin Pharma Packaging, Berlin Packaging, Global Printing, Shatter Labels, N2 Packaging Systems, Calyx Containers, Dymapak, Pollen Gear, Cannasupplies, a division of PharmaSystems Inc., Sana Packaging Inc., Kaya Cannabis and Maple Leaf Green World Inc., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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