- Rigid Packaging
- Semi-Rigid Packaging
- Flexible Packaging)
Cannabis Packaging Market size is valued at USD 125.49 billion in 2021 and is expected to reach USD 446.40 billion by 2028, at a CAGR of 23.53% during the forecast period 2022-2028. The market dynamics are represented by cannabis packaging. In the Global Cannabis Packaging Market, Porter's Five Forces analysis outlines the five forces: buyers bargaining power, suppliers bargaining power, threat of new entrants, threat of substitutes, and degree of competition. It discusses the many participants in the market ecosystem, such as system integrators, intermediaries, and end-users. The report also looks at the global cannabis packaging market's competitive landscape. Cannabis and cannabis-infused goods must adhere to strict laws and rules that are enforced by governments around the world. As a result, cannabis manufacturers place a premium on high-quality, compliant packaging. These regulations may stifle the worldwide cannabis packaging industry's expansion. Packaging must be child-resistant, tamper-evident, and resealable, among other requirements. Additionally, the packaging for edible cannabis products must be opaque. Cannabis is packaged in jars, bags, bottles, vials, wrappers, concentrated containers, tubes, and other containers. this report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, The global report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global Market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities).
Fastest Growing Market
Because of the increased demand for medical and recreational cannabis products for consumption, the cannabis packaging industry is expected to grow significantly in the coming years. The future market is projected to be driven by the increasing legalisation of cannabis in various nations.
2021 is the base year and 2028 is the forecast year.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.