Cannabis Packaging Market by Type, by Material, by Application, and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2019–2026

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.

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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.

The regulatory recommendations for cannabis labelling comprises a variety of food products. FDA regulations regarding the size and appearance of text on package and labels are quite specific. For instance, common guidelines for packaging of cannabis in the U.S. region comprises the font and size type, common or usual name, licensee name and further details and net quality of contents.

Cannabis Packaging Market Trends, Drivers and Opportunities:

The cannabis packaging market is driven by rise in demand for quality packaging within the medical sector. In addition, the use of film and sheet and plastic resins held a considerable market share in the developed countries. Moreover, customized packaging is growing on a yearly basis and it is estimated to grow at a significant rate throughout the forecast period. On the other hand, rise in weed consumption in the developing economies is highly evident attributing to high-end consumption of weed in general population. On contrary, legalization and stringent regulations by the government is likely to hinder the market growth in the years to come.