Cannabis Packaging Market in North America 2017-2021

Below are some of the key findings from our analysis of the cannabis packaging market   

Cannabis packaging market overview in North America

The rising cannabis sales will be one of the major cannabis packaging market drivers. The cannabis packaging market research predicts this market to grow at a CAGR of more than 10% by 2021. The North American cannabis market has shown a revenue growth of more than USD 6500 million in 2016 and has witnessed about 30% increase from the 2015 numbers. Moreover, the growth of the cannabis market and its legalization has led to the emergence of new users in the market. Also, the rapid popularity of alternative ingestion methods, such as weed-laced topical sprays and edibles has boosted the growth of the cannabis market in North America which will fuel the cannabis packaging market growth.

The introduction of active packaging in cannabis packaging market is one of the key cannabis packaging market trends.  Sugarmade is looking at introducing an intelligent and active packaging system for cannabis transport and storage by 2019. This packaging system will provide increased assistance for the preservation of cannabis, that includes preservation of THC levels, through the control of carbon dioxide and oxygen levels, humidity and thermodynamic cooling.  In addition, the active packaging system also improves the safety of cannabis through the ability to emit safe food oxidizers and other treatments to lessen mold, bacteria, and other pathogens.

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Competitive landscape and key cannabis packaging manufacturers  

The cannabis packaging market in North America consists of limited global players. High competition levels are seen at the regional level in developed states such as the US and the rest of North America. Also, a large group of cannabis packaging companies is purchasing the smaller companies to expand their presence, increase the product portfolio, and for technological advancements.

According to the cannabis packaging market analysis report, the leading vendors in the market are –

• Kush Bottles
• Laguna Blends
• Maple Leaf Green World
• J.L.Clark

The other prominent vendors in the market are KAYA CANNABIS, Lexaria Bioscience, and LifeLoc Technologies.

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Segmentation by packaging type and analysis of the cannabis packaging market in North America

• Rigid packaging
• Flexible packaging

During 2016, the rigid packaging segment accounted for the major cannabis packaging market share in North America. Advantages such as preventing the contents from damaging and wide availability of different sizes for various quantities as per the varying consumer need will contribute to the growth of this industry segment in the coming years.

Geographical segmentation and analysis of the cannabis packaging market in North America

• Canada
• Mexico
• US

This cannabis packaging market forecast report estimates that in terms of geographic regions, Canada will be the major revenue contributor to the cannabis packaging market in North America throughout the forecast period. The legalization of cannabis and relaxed regulatory norms for mass manufacturing of cannabis will drive the growth of this market in Canada.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the cannabis packaging market in North America?
• What are the key market trends impacting the cannabis packaging market in North America?
• What are the challenges to market growth?
• Who are the key vendors in the cannabis packaging market in North America?
• What are the market opportunities and threats faced by the vendors in the cannabis packaging market in North America?
• Trending factors influencing the market shares of North America.
• What are the key outcomes of the five forces analysis of the cannabis packaging market in North America?

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