Cannabis packaging industry expected to reach market value of approximately $ 20.41 billion by 2025
NEW YORK, October 27, 2021 / PRNewswire / – Zion Market Research has released a new report titled “Cannabis Packaging Market by Type (Rigid Wrap and Flexible Wrap) and Application (Medical, Recreational, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2018-2025”. According to the report, the global cannabis packaging market was valued at $ 12.63 billion in 2018 and should reach $ 20.41 billion by 2025, at a CAGR of 7.1% between 2019 and 2025.
The packaging of cannabis is the most crucial process due to various regulations imposed by the governments of different countries around the world. The packaging of cannabis may differ depending on its area of application, such as medical and recreational. Generally, there are two types of packaging available: flexible and rigid. In addition, the manufacturers are also focusing on the development of innovative protective packaging for cannabis.
The growing demand for cannabis in various countries of North America is one of the major driving factors in the global cannabis packaging market. Many manufacturers are striving to introduce active packaging to the cannabis packaging market. This active packaging will provide better assistance for cannabis storage, which includes preserving THC levels by controlling oxygen and carbon dioxide levels, humidity, and thermodynamic cooling. In addition, the active packaging system also improves the safety of cannabis by emitting food-safe oxidants to reduce bacteria, mold and other pathogens.
Get a free sample PDF of this research report for more information with a table of contents, research methodology and graphics – https://www.zionmarketresearch.com/sample/cannabis-packaging-market
Hence, it is expected to further propel the cannabis packaging market during the forecast period on a global scale. However, the strict regulations on cannabis packaging may hamper the growth of the cannabis packaging market in the future globally. Alternatively, the growing demand for medical cannabis and edible products is expected to provide new growth opportunities in the global cannabis packaging market in the coming years.
The global cannabis packaging market is categorized on the basis of type and application. The typical segment of the cannabis packaging market includes rigid packaging and flexible packaging. The rigid packaging segment is expected to make a significant contribution to global cannabis packaging in the future, due to the heavy use of vials and bottles for medical cannabis packaging. Based on the app, the global cannabis packaging includes medical, recreational and other products. The medical segment is expected to grow significantly during the forecast period, owing to the increasing demand for medical cannabis in government-approved medical centers in countries where cannabis is legalized. In addition to this, the recreational use of cannabis in the United States, Canada, and South Africa are expected to increase the growth of the cannabis packaging market in the coming years.
Request customization on this report according to your needs – https://www.zionmarketresearch.com/custom/3864
By region, North America has dominated the global cannabis packaging market and is also expected to continue to dominate during the forecast period. The increasing use of cannabis by the medical industry for the treatment of various chronic diseases, such as epilepsy, Alzheimer’s disease, etc., is expected to drive the North American cannabis packaging market to the to come up. Cannabis is used to reduce vomiting and nausea during chemotherapy, improve appetite in patients with HIV / AIDS, and reduce chronic pain and muscle spasms. This, in turn, is fueling the use of cannabis in various drugs in small quantities, which is expected to further increase the demand for cannabis packaging, thus fueling the market growth of North America.
Some of the leading manufacturers in the global cannabis packaging market are Laguna Blends, Lexaria Bioscience, JL Clark, Elevate Packaging, Kush Bottles, Brandy Cannabis Creative, Dixie Elixirs & Edibles, McKernan Packaging Clearing House, Shatter Labels, LifeLoc Technologies, Maple Leaf Green World, and Kaya Cannabis, among others.
Inquire Before Purchasing This Research Report – https://www.zionmarketresearch.com/inquiry/cannabis-packaging-market
This report segments the global cannabis packaging market into:
Global Cannabis Packaging Market: Type Analysis
- Rigid packaging
- Flexible packaging
Global Cannabis Packaging Market: Application Analysis
- North America
- Great Britain
- Rest of Europe
- Asia Pacific
- South Korea
- South East Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
Browse other related research reports from Zion Market Research
Zion Market Research is a committed business. We create futuristic, cutting edge informative reports ranging from industry reports, company reports to country reports. We provide our clients with not only market statistics unveiled by recognized private publishers and public organizations, but also trend reports and the latest industry reports as well as profiles of preeminent and niche companies. Our database of market research reports includes a wide variety of reports from cardinal industries. Our database is constantly updated in order to satisfy our customers with fast and direct online access to our database. With customer needs in mind, we have included expert information on global industries, products and market trends in this database. Last but not the least, we make it our business to ensure the success of the clients who we relate to – after all – if you are doing well, a little light is shining on us.
Sion market research
244 Fifth Avenue, Suite N202
new York, 10001, United States
Phone. : + 49-322 210 92714
United States/ Canada Toll free number + 1-855-465-4651
AMERICAN OFFICE N ° + 1-386-310-3803
E-mail: [email protected]
Blog – https://cannabisindustrynews24.com/
Follow us on LinkedIn – https://www.linkedin.com/company/zion-market-research
All press releases – https://www.zionmarketresearch.com/all-news
SOURCE Zion Market Research