Global Cannabis Packaging Market Report 2021 With KushCo, JL Clarks, Kaya Packaging, Impak, Funksac, Dixie Elixirs & Edibles and Pollen Gear
DUBLIN, October 11, 2021 / PRNewswire / – The report “Global Cannabis Packaging Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” has been added to ResearchAndMarkets.com offer.
The global cannabis packaging market is expected to experience a CAGR of 24.3% during the forecast period 2021-2026.
The cannabis packaging market is expected to experience notable growth over the next few years, owing to the increasing demand for medical and recreational cannabis products for consumption. The increasing legalization of cannabis in various countries is likely to stimulate the future market.
The application of recreational cannabis is expected to drive the market in the future as it has seen unprecedented growth in recent years. The Marijuana Business Daily reported that flowers were the top-selling form of cannabis in United States. The flower is packed in jars or flexible packaging bags.
The rapid legalization of cannabis use by United States and the free environment existing in Canada is expected to stimulate ancillary demand for cannabis packaging. 36 of the 50 states in United States allow patients to use medical cannabis with an appropriate prescription. The growth of the cannabis market in the North American region indicates that the region is expected to witness the rapid development of the studied market.
The packaging of cannabis is the most crucial process, due to various regulations imposed by the governments of different countries around the world. For example, medical cannabis is available in various forms, such as flowers or concentrates, extracted into oils, extracts, or edibles. This packaging of medical cannabis is growing, prompting various companies to offer holistic solutions to its manufacturers.
A notable trend in the cannabis packaging industry is to take advantage of the increasing consumption of recreational cannabis among the younger population. Due to the high brand saturation among cannabis players, packaging plays an important role among smaller and emerging players to strengthen the brand image.
The announcement of a nationwide lockdown during the COVID-19 outbreak has triggered increased demand for cannabis products. Several retail stores have recorded destructive consumer trafficking, with the general idea of stocking cannabis products for fear of its scarcity taking center stage. Relevant statistics suggest strong growth in retail sales of cannabis products in March 2020, creating ancillary demand for cannabis packaging products.
The emphasis on sustainability, regulations and branding had a huge impact on cannabis packaging and facilitated the shift from traditional methods that relied on manual labor for processing and packaging to more sophisticated methodologies that involve automated machines. The incorporation of automation is slowly gaining traction in the cannabis packaging industry as industry players realize the benefits of automating packaging processes. This is expected to become more popular as the legal landscape for cannabis normalizes.
The global cannabis packaging market is a very consolidated market with few leading players dominating the significant market 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, Pollen Gear LLC., Among others.
Some of the recent developments in the market are:
- Sep 2021 – Green Rush Packaging has announced the availability of Grip ‘N Lock cannabis cans. These boxes are available in small and large sizes by default and allow the customer to customize them. In addition, Green Rush Packaging Grip ‘N Lock cannabis storage boxes are 16 CFR 1700 certified. The glossy box finishes also add water resistance to the packaging and also prevent print patterns from the packaging. box to fade.
- Apr 2021 – Cannaline has announced its new Class C jars. These jars are shorter and wider than the company’s previous models, making them easier to stack and store. These Class C jars are available in all essential sizes, from 2oz to 5oz, and customers can purchase them in matte black, matte white, and clear jars with matte or gloss black lid options and white lids. matt or shiny.
Main topics covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET OVERVIEW
4.1 Market overview
4.2 Industry Attractiveness – Porter’s Five Forces Analysis
4.3 Industry Value Chain Analysis
4.4 Assessment of the impact of COVID-19 on the market
5 MARKET DYNAMICS
5.1 Market drivers
5.1.1 Growing Demand for Medical and Recreational Cannabis Products
5.1.2 Legalization of cannabis in various North American countries
5.2 Market restrictions
5.2.1 Strict regulations on cannabis packaging
6 REQUESTS FOR CANNABIS (QUALITATIVE ANALYSIS)
7 MARKET SEGMENTATION
7.1 By type
7.1.1 Rigid packaging
7.1.2 Flexible packaging
7.2 By packaging material
7.2.4 Cardboard containers
7.3 By geography
7.3.1 North America
7.3.3 Latin America
7.3.4 Rest of the world
8 KEY SUPPLIER PROFILES
8.1 KushCo Holdings Inc.
8.2 JL Clarks Inc.
8.3 Kaya packaging
8.4 Cannaline cannabis packaging solutions
8.6 Diamond packaging
8.7 Greenlane Holdings Inc.
8.8 N2 Packaging Systems LLC
8.9 Green Rush packaging
8.10 Elevation Packaging Inc.
8.11 Berry Global Inc.
For more information on this report, visit https://www.researchandmarkets.com/r/t3a3xc
Research and markets
Laura Wood, senior
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SOURCE Research and Markets