Global Cannabis Packaging Market Competitive Landscape, Driving Factors and Challenges Analysis 2019

The Global Cannabis Packaging Market is valued to reach USD 286.2 Billion by 2025, registering a CAGR of 21.0% during the forecast period 2020-2026. Factors such as rising demand for medical and recreational cannabis products due to its health benefits coupled with use of airtight containers for cannabis packaging are augmenting the market growth.

Cannabis has become a phenomenon in the U.S. and majority of the medical council within various states are now allowing cannabis for adult use. Although, the high optimism, cannabis remains a substance of high analysis. On the commercial level, licensed commercial cannabis operate in accordance with stringent regulations varying between state regulations. There is a common tendency witnessed amongst the regulatory agencies to modify and expand upon the frameworks by early adopters. However, this practice is still under scrutiny for validation.

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