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The North America cannabis packaging market size is forecast to increase by USD 5.40 billion, at a CAGR of 35.11% between 2023 and 2028. The market's growth hinges on various factors, notably the legalization of Cannabis in North America. Additionally, the rising popularity of CBD products and the effective branding and differentiation strategies employed by market companies play significant roles. As more regions embrace Cannabis legality, coupled with the growing consumer demand for CBD items, and the strategic marketing approaches implemented by industry players, the market experiences a notable surge in growth and expansion.
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The market is rapidly evolving to meet the needs of cannabis producers and cannabis retailers with stringent regulations such as child resistant packaging and tamper-evident features. There is a growing emphasis on sustainable and eco-friendly packaging materials alongside innovative designs that ensure product security and enhance product information transparency. The market caters to diverse product formats including flower and edibles, with precise dosage control and clear dose information for products like CBD infused products and medicinal marijuana used in treating conditions such as Lennox Gastaut syndrome and Dravet syndrome. Marinol, a synthetic form of THC, also plays a role in the cannabis packaging industry, which focuses on safe and compliant child resistant closures to meet consumer expectations and regulatory standards. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Legalization of Cannabis in North America is the key factor driving the growth of the market. One of the essential drivers of the market is the demand for children's packaging. Many of the regulations surrounding legalization emphasize the importance of keeping marijuana products out of the reach of minors and children. As a result, manufacturers must develop innovative cannabis packaging solutions that are child-resistant, while remaining visually and functionally appealing.
Additionally, the growing focus on sustainable and eco-friendly packaging options is another driving force driving the market. Consumers and businesses are looking for packing that is both useful and environmentally useful due to growing awareness of environmental issues. Therefore, the legalization of cannabis in North America will drive the growth of the market during the forecast period.
The rising use of sustainable and eco-friendly packaging is the primary trend shaping the growth of the market. The market is increasingly focused on sustainability and environmental sustainability. As a result, such companies are looking for environmentally friendly alternatives to conventional packaging materials such as plastic and glass. Popular eco-friendly packing options include hemp-based packaging, biodegradable plastics, compostable packaging, and recycled materials.
Additionally, some companies are looking for advanced packing options to promote sustainability and reduce waste. Reusable or refillable containers, biodegradable blister packs, and compostable bags are some examples. Companies that prioritize environmentally friendly packing will gain a competitive advantage as consumers become more aware of sustainability. Therefore, the use of sustainable and eco-friendly packing will drive the growth of the market during the forecast period.
The need for regulatory compliance in Cannabis packaging is a challenge that affects the growth of the market. To assure product safety and accurate labeling and prevent abuse as the cannabis industry is legalized and regulated in many different jurisdictions, strict laws and restrictions are in place with packing in North America. Child-resistant packing, restrictions on packing materials, labeling specifications, tamper-proof packing, product monitoring and traceability, and health and safety regulations are some of the regulations.
Additionally, it can be difficult to navigate complex and ever-changing regulations because they can vary from state to state or province to province. To avoid legal consequences and reputational damage, cannabis businesses must invest in appropriate packing options and stay up to date with any regulatory changes. Therefore, the need to comply with packing regulations will hinder the growth of the market during the forecast period.
The market research report encompasses the entire market research and growth adoption cycle, ranging from the initial innovator phase to the subsequent laggard stage. It emphasizes adoption rates across various regions, determined by penetration levels. Additionally, the report outlines essential purchasing factors and factors influencing price sensitivity. This aids companies in assessing and formulating effective market growth and forecasting strategies.
Customer Landscape
The market is witnessing significant growth, driven by the expanding marijuana industry. Plastic packaging plays a crucial role in preserving and delivering various cannabis products, including tinctures, flowers, oils, patches, and pills. Containers, droppers, and caps are essential components for packaging these items securely. The industry encompasses factors such as medicinal cannabis and recreational cannabis, covering cultivation, processing, distribution, and retail. Ancillary services support the market, catering to the diverse needs of consumers. With the legalization of cannabis for both recreational and medical use, the demand for innovative and compliant packing solutions has surged. Moreover, increasing awareness of the health benefits of cannabis, such as lung capacity enhancement, diabetes regulation, weight loss assistance, and pain relief, is fueling market growth.
The glass segment is estimated to witness significant growth during the forecast period. The use of glass containers for storing and packaging cannabis products is known as the glass packaging segment in the market. Glass packaging's ability to maintain the quality and freshness of cannabis products is one of its main advantages. The glass container is waterproof, which ensures that the product retains its original properties and does not allow aroma and flavor to escape or contaminants to enter.
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The glass segment was the largest segment and was valued at USD 172.80 million in 2018. Glass packaging is considered a sustainable alternative in addition to its functional qualities. Compared to single-use packaging, it has a more subordinate environmental impact because it is fully recyclable and can be used multiple times. Additionally, the adoption and popularity of glass containers are expected to continue to increase in the market due to the growing customer desire for premium, user-friendly packaging. Environmentally friendly and aesthetically pleasing will promote market growth during the forecast period
In the market, rigid packaging refers to packaging options made of sturdy, rigid materials such as glass, plastic, or metal. Typically, cannabis products are packaged in these materials to protect and maintain their quality over time. Additionally, the creation of unique packaging solutions that meet customer preferences as well as regulatory requirements is driven by innovations in materials, design, and functionality. The rigid packaging segment is expected to play a key role in ensuring the safety, integrity, and appeal of products as the cannabis industry continues to grow, which in turn, will drive the growth of the market during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Cannabis Promotions, Cannaline, CannaPack Solutions Inc., Diamond Packaging, Dymapak Quark Distribution Inc., Elevate Packaging Inc., Green Rush Packaging, Greenlane Holdings Inc., Grow Cargo, KacePack, Kaya Packaging, Kynd Packaging LLC, MMC Depot, N2 Packaging Systems LLC, Parker Hannifin Corp., Sana Packaging, Smokus Focus, Stink Sack, and IMPAK Corp.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion " for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
Cannabis Packaging Market Analysis North America, APAC, Europe, South America, Middle East and Africa - US, Canada, China, Germany, UK - Size and Forecast
Legal Cannabis Market Analysis North America, Europe, APAC, South America, Middle East and Africa - US, Canada, Germany, UK, Australia - Size and Forecast
US Cannabis Market Analysis US - US - Size and Forecast
The market is at the forefront of innovation with a focus on product labeling and tamper-evident features to ensure consumer safety. Embracing sustainable packaging materials like eco-friendly packaging such as biodegradable plastics and recycled paper, the industry aims for brand recognition and compliance with stringent labeling regulations. Catering to both recreational cannabis products and medical cannabis products, packaging enterprises strategize with specialized packaging solutions for cannabis-based beauty products, cannabis-based beverages, cannabis-infused edibles, and cannabis concentrates. From bottles and jars to airtight containers and UV-resistant packaging, the market addresses contamination and deterioration concerns with tamper-evident seals and child-resistant mechanisms. Advancements in technology support controlled supply networks and enhance product quality across the cannabis industry.
Market Scope |
|
Report Coverage |
Details |
Page number |
142 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 35.11% |
Market growth 2024-2028 |
USD 5.40 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
27.5 |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Berry Global Inc., Cannabis Promotions, Cannaline, CannaPack Solutions Inc., Diamond Packaging, Dymapak Quark Distribution Inc., Elevate Packaging Inc., Green Rush Packaging, Greenlane Holdings Inc., Grow Cargo, IMPAK Corp., KacePack, Kaya Packaging, Kynd Packaging LLC, MMC Depot, N2 Packaging Systems LLC, Parker Hannifin Corp., Sana Packaging, Smokus Focus, and Stink Sack |
Market dynamics |
Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, Market growth and Forecasting, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for market forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Material
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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