Global Cannabis Packaging Sales Market by Type (Rigid Packaging, Flexible Packaging), By Application (Medical Use, Recreational Use, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

The Global Cannabis Packaging Market size is projected to grow at a CAGR of 15.6% during the forecast period. The rising demand for various types of cannabis products across the globe is expected to fuel growth over the next eight years.

Cannabis packaging refers to the containers used for cannabis, as well as its orientation and arrangement on a store shelf. It also includes product design, labeling, and other information that goes along with it. The rules around cannabis usage are constantly evolving from country to country. As such, businesses need to ensure their packaging is compliant with all relevant local laws.

Cannabis packaging is used to protect cannabis products from damage during production, storage, and transport. It prevents contamination of various types of cannabis including flowers, extracts, edibles, etc. Cannabis packaging also helps in identifying different varieties of weed perfectly all through the supply chain cycle along with preventing its misuse by children or unauthorized people. A major benefit associated with using cannabis packaging is that it enables easy identification for consumers which drives sales up as they are able to find what they want with ease at a reasonable cost compared to other traditional forms of advertising such as radio or television ads where costs can be exorbitant especially without knowing about specific product details beforehand.

On the basis of Type, the global cannabis packaging market is segmented into Rigid Packaging, Flexible Packaging.

Rigid Packaging:

Rigid packaging is a type of cannabis packaging where the product itself is packaged inside a rigid container. This can be as simple as an airtight plastic bag inside another plastic bag, or as complex as a fully sealed and sterile package that becomes part of the delivery system for medical devices. Some products may have multiple layers of protection from oxygen, mold spores, and more to ensure maximum freshness over time after opening/removal from the primary seal.

Flexible Packaging:

One of the most widely used cannabis packaging is a flexible package. Flexible packages are those that can be adjusted to fit a variety of products and have been around since long before marijuana was legalized for medicinal or recreational use. Flexible Packaging is a type of cannabis packaging that can be used for various types of products, ranging from food and beverage to pharmaceuticals. Flexible Packaging has many benefits compared with other packaging materials such as: Most importantly, it provides protection against climate conditions where the product may experience extreme temperatures during transportation or storage. Additionally, this particular Material Type allows efficient space utilization which increases productivity by reducing inventory costs & wastage (Source).

Another main benefit of flexible packaging is that it can be used for unpacked goods. Due to the fact, Cannabis Packaging will have a role in an on-demand economy where consumers are more lenient with their purchase decisions and buy items only when they need them instead of buying larger quantities at once (Source). Flexible Plastic Bags or Wraps are widely popular among cannabis businesses due to their cost-effectiveness as well as being lightweight & easy to transport. It also works great for high-volume retailers who deal with bulk orders which demand flexibility within product distribution. Additionally, this type can accommodate large volume products such as packaged foods which require extra protection from damage during transportation leading up to store shelves (Source).

On the basis of Application, the global cannabis packaging market is segmented into Medical Use, Recreational Use, and Others.

Medical Use:

Cannabis packaging is used in the medical industry to pack cannabis products, which includes dried flowers and oil cartridges. It protects the product from light, oxygen, and moisture that can degrade its quality. This packaging provides a barrier between the consumer’s skin and the contents of a container as well as allows for child-resistant closures or easy reclosure capabilities following initial opening. Cannabinoids present in cannabis are extremely sensitive to heat, light, humidity, etc., so they must be stored properly with correct preservation techniques to maintain their chemical integrity during transportation & storage. Cannabis dispensaries use pre-filled vape cartridges for sale because they know customers will buy the most popular brands without putting too much effort into research about different vaping device types available on market today.

Recreational Use:

The application of cannabis packaging in the recreational industry is to maintain freshness and quality while preventing tampering. It ensures that the product does not get spoiled even during transportation. Therefore, it has dedicated resealable zipper top packages for easy access to the contents inside without the need for scissors or knives. Additionally, at present, there are no good child-resistant closures available on the market which makes sealed containers essential for protecting children from accidentally ingesting hash oil or other forms of marijuana preparations.

On the basis of Region, the global cannabis packaging market is segmented into North America, Latin America, Europe, and the Asia Pacific. North America is estimated to account for substantial market share owing to the legalization of cannabis in various countries such as Canada, Mexico, and the U.S., in 2017. The market status of cannabis packaging in Latin America is growing exponentially due to the rising demand for medical cannabis products across the region. The legalization of marijuana across countries such as Mexico, Chile, Uruguay has given rise to an increase in use-cases beyond recreational purposes. This along with the increasing number of research studies on the benefits of cannabinoids has led many pharmaceutical companies including Novartis AG and Teva Pharmaceutical Industries Ltd., among others are look into investing in this segment which will provide more opportunities for players operating within the industry.

The cannabis packaging market in Europe has experienced significant growth, owing to the increasing demand for cannabis products. The legalization of medical cannabis and the growing number of research studies regarding the benefits of cannabinoids are likely to drive the cannabis packaging market across this region during the forecast period. The cannabis packaging market in the Asia Pacific region is anticipated to grow at a CAGR of over 18% during 2018-2028. The growth can be attributed to increasing application scope for cannabis products, including beverages and edibles among others. This factor will drive product demand from this region significantly towards 2023.

Growth Factors For The Global Cannabis Packaging Market:

The factors driving growth in The worldwide cannabis package sector are as follow. Cannabis product demand for better quality, durability, and reliability drives Global Marijuana Packaging Market size. Moreover, the Legalization trend by various countries also fueling the marijuana packagers market revenue. The technological advancement that contributes towards its development every day helps drive marijuana packaging business opportunities over years ahead too. Furthermore, the factors expected to drive the growth of the market include increasing cannabis consumption, growing demand for high-quality packaging, and rising consumer preference towards packaged products over bulk products. Cannabis is expected to be legalized by the end of 2018 in Canada which will drive market demand.

Up Market Research published a new report titled “Cannabis Packaging Sales Market research report which is segmented by Types (Rigid Packaging, Flexible Packaging), By Applications (Medical Use, Recreational Use, Others), By Players/Companies Kush Supply Co., J.L.Clark, KAYA Packaging, Impak, Funksac, Dymapak, Pollen Gear, N2 Packaging Systems, Green Rush Packaging, ABC Packaging Direct”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Cannabis Packaging Sales Market Report Segments:

The market is segmented by Type Rigid Packaging, Flexible Packaging and By Application Medical Use, Recreational Use, Others.

Some of the companies that are profiled in this report are:

1. Kush Supply Co.
2. J.L.Clark
3. KAYA Packaging
4. Impak
5. Funksac
6. Dymapak
7. Pollen Gear
8. N2 Packaging Systems
9. Green Rush Packaging
10. ABC Packaging Direct

Cannabis Packaging Sales Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Cannabis Packaging Sales Market

Overview of the regional outlook of the Cannabis Packaging Sales Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Cannabis Packaging Sales Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Cannabis Packaging Sales Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.
6. By Type:

                1. Rigid Packaging

                2. Flexible Packaging

                1. Medical Use

                2. Recreational Use

                3. Others

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Cannabis Packaging Sales Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
• Business Expansion Strategies
• Consumer Insights
• Understanding Competition Scenario
• Product & Brand Management
• Channel & Customer Management
• Identifying Appropriate Advertising Appeals

Reasons to Purchase the Cannabis Packaging Sales Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.