Global Cannabis Packaging Material Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Cannabis Packaging Material Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

With the promotion of legalization of medical cannabis and recreational cannabis in various countries, the market demand for cannabis has increased rapidly. All cannabis products must be packaged. Therefore, packaging is essential for all forms of cannabis.

Market Overview:

The latest research study on the global Cannabis Packaging Material market finds that the global Cannabis Packaging Material market reached a value of USD 2044.57 million in 2022. It’s expected that the market will achieve USD 4216.17 million by 2028, exhibiting a CAGR of 12.82% during the forecast period.

Marijuana sales shift from offline to online

The COVID-19 epidemic is spreading rapidly, and it spreads very quickly. The way pharmacies work and the way cannabis is sold has also changed. Many pharmacies are temporarily closed for sanitary treatment and then opened for online ordering.

Pharmacies in many parts of the United States have switched to online ordering, limiting the number of customers in stores, or enacting other measures to protect customers, while minimizing the decline in sales caused by the pandemic. The change in the way cannabis is sold is shifting from offline to online. Changes in the way hemp packaging is sold will also shift from offline to online.

Disruption in tourism affects cannabis sales

Many people in cannabis sales are from states where cannabis is still illegal. They can buy and consume cannabis while traveling in places where cannabis is legally sold. As the epidemic continues, travel is not recommended and the tourism industry has to be interrupted. As a result, sales in many cannabis stores have fallen sharply. The decline in cannabis sales will also influence the sales of cannabis packaging.

There is an important issue related to plastic in the cannabis packaging industry, namely environmental protection

There is an important issue related to plastics in the hemp industry. Plastic can indeed solve the packaging needs of hemp, but it also brings ecological challenges. In an industry that attracts environmentally conscious consumers, some growers try to use environmentally friendly packaging as part of their brand image. But packaging manufacturers say that materials that are truly biodegradable will be more expensive. The development of reusable packaging and consumer education about the recycling and disposal of cannabis packaging are important measures to improve the sustainability of the industry.

The development of the plastic cannabis packaging market, recyclable plastic packaging has a bright future

With the global legalization of cannabis, cannabis will be a huge industry. Moreover, all hemp products must be packaged, proving that the market potential of hemp packaging is very good. With the soaring usage of legal cannabis everywhere, packaging companies will usher in a good development in this market. The prospect of plastic packaging in the hemp industry is very good, because the cost of plastic packaging is relatively low and the weight is lighter. The downstream market prefers low-priced cannabis packaging that can withstand children's harm.

At the same time, the emergence and listing of recyclable plastic packaging will be an important factor in promoting the development of the cannabis packaging market. Unlike traditional plastics that take hundreds of years, recyclable plastic packaging can be decomposed in a short time.

Region Overview:

In 2021, the share of the Cannabis Packaging Material market in North America stood at 62.13%.

Company Overview:

Kush Supply Co. is one of the major players operating in the Cannabis Packaging Material market, holding a share of 13.67% in 2022.

Kush Supply Co.

Kush Supply Co. is the premier producer of vaporizer products, packaging, supplies, and accessories. Kush Supply Co. provides child resistant packaging, concentrated packaging, edible packaging, exit packaging, flower packaging and pre-roll packaging.

Berry Global

Berry Global, Inc. produces and markets plastic packaging products. The Company provides agricultural films, drink cups, plates, bottles, bowls, jars, containers, lids, tubes, closures, and trash bags, as well as offers tapes, adhesives, and other packaging products. Berry Global serves customers worldwide.

Segmentation Overview:

By type, Plastics segment accounted for the largest share of market in 2021.

Application Overview:

By application, the Recreational Use segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Cannabis Packaging Material market covered in Chapter 3:

N2 Packaging Systems
Cannaline
Berry Global
Kush Supply Co.
Green Rush Packaging
J.L.Clark
AssurPack
Impak
KAYA Packaging
Cannabis Promotions
Pollen Gear
Sana Packaging
Funksac
Dymapak

In Chapter 4 and Chapter 14.2, on the basis of types, the Cannabis Packaging Material market from 2018 to 2029 is primarily split into:

Glass
Plastics
Aluminum Foil
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Cannabis Packaging Material market from 2018 to 2029 covers:

Medical Use
Recreational Use
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)