Cannabis Packaging Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The Global Cannabis Packaging Market is expected to witness a CAGR of 24.3% over the next five years. The cannabis packaging market is anticipated to witness notable growth in the next few years, owing to the rising demand for medical and recreational cannabis products. The increasing legalization of cannabis in various countries will likely drive the future market.
Key HighlightsThe global cannabis packaging market is a highly consolidated market with few top players dominating the market's significant share. Some of the dominant players in the market are KushCo Holdings Inc., JL Clarks Inc., Kaya Packaging, Impak Corporation, Funksac LLC., Dixie Elixirs & Edibles, and Pollen Gear LLC., among others.
In September 2022, Cannabis packaging company RXDco, a maker of child-resistant containers and bags, introduced eco-friendly, sustainable, and renewable packaging collections: Atid, PearlLoc, and EcoPro. These are paper-based biodegradable, recyclable, child-resistant packaging solutions created with the trending requirements in the cannabis industry for environmentally sustainable packaging.
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