Cannabis Packaging Market Upcoming Trends by 2030

 Rising demand for medical and recreational cannabis products is a key factor responsible for the revenue growth of the market during the forecast period

The global Cannabis Packaging Market  size was USD 2.60 Billion in 2020 and is expected to register a revenue CAGR of 25.2% during the forecast period. Legalization of marijuana, rising demand for medical and recreational cannabis products, and rise in number of new start-ups for various cannabis products are factors expected to drive market revenue growth during the forecast period.

Rising awareness of wide range of utility of cannabis has led to legalization of cannabis in multiple countries. Governments of different countries have legalized and decriminalized cultivation and possession of cannabis which is expected to increase consumer demand for cannabis and cannabis-based products, thereby contributing to the growth of the market revenue

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Top Leading Players: KushCo Holdings, Inc., Cannabis Science Inc., Calyx Containers, JL Clark Inc., Maple Leaf Green World Inc., Kaya Cannabis, Lexaria Bioscience, Berry Global Inc., Cannaline Cannabis Packaging Solutions, and Green Rush Packaging.

Key Companies in the market include:

  • Flexible segment is expected to account for largest revenue share in global cannabis packaging market between 2021 and 2030, owing to legalization of marijuana and increase in number of start-ups selling various well-packaged cannabis products.  
  • Recreational segment is expected to register significantly steady revenue growth over the forecast period due to rising demand for products such as cannabis-infused beer which produces feelings of relaxation and lethargy rather than intoxication caused by regular alcoholic beverages.
  • Market in North America is expected to register a higher revenue growth rate in the cannabis-based beverages market over the forecast period compared to other regional markets, due to high presence of cannabis cultivators producing various strains of cannabis for both medical and recreational purposes.
  • Companies profiled in the global market report include KushCo Holdings, Inc., Cannabis Science Inc., Calyx Containers, JL Clark Inc., Maple Leaf Green World Inc., Kaya Cannabis, Lexaria Bioscience Corp, Berry Global Inc., Cannaline Cannabis Packaging Solutions, and Green Rush Packaging.
  • In December 2021, KushCo Holdings, Inc. merged with Greenlane Holdings Inc. This will facilitate an increase in sales to the company's top 25 customers that include leading multi-state operators, licensed producers, and brands and will eventually become the leading global platform for the development and distribution of premium cannabis accessories and lifestyle products.

Key Regional Markets Covered in the Report:

North America (U.S.A., Canada, Mexico)

Europe (Italy, U.K., Germany, France, Rest of Europe)

Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)

Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

 

Segments covered in the report:

Type Outlook (Revenue, USD Billion; 2018-2030)

  • Rigid,
  • Semi Rigid
  • Flexible

Material Outlook (Revenue, USD Billion; 2018-2030)

  • Metals
  • Plastics
  • Glass
  • Cardboard Containers
  • Others

Application Outlook (Revenue, USD Billion; 2018-2030)

  • Medical
  • Recreational

Regional Outlook (Revenue, USD Billion; 2018-2030)

·         North America (U.S.A., Canada, Mexico)

·         Europe (Italy, U.K., Germany, France, Rest of Europe)

·         Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)

·         Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)

·         Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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