About Cannabis Packaging
Cannabis packaging termed as marijuana packaging, which keeps freshness as well as aroma sealed inside, to protect it from outer contaminated components such as moisture, oxygen, and UV light. Earlier, cannabis was packaged and distributed in tiny, discreet plastic bags but nowadays most of the businesses have adopted cannabis packaging solution which offers various colours, graphics, and designs. Vials and Bottles have become a widely used form of medical cannabis packaging. This kind of protective packaging is not only obtainable to keep medical marijuana pristine, but it is also used by firms creating cannabis-infused coffee and tea to keep leaves and grounds fresh.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Cannabis Packaging market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Kush Bottles (United States), LifeLoc Technologies (United States), Maple Leaf Green World (Canada), Lexaria Bioscience (Canada), KAYA CANNABIS (Jamaica), J.L.Clark (United States), Sana Packaging Inc. (United States) and Oceanworks Inc. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Cannabis Packaging market by Type (Rigid Packaging, Flexible Packaging and Semi-Rigid Packaging), Application (Food, Tea and Hemp Juice, Hemp Fiber, Hemp Sacks, Ropes and Canvas) and Region.
On the basis of geography, the market of Cannabis Packaging has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Growth Drivers:
Growing cannabis sales, An innovation of new product varieties and Regulatory recommendations in cannabis packaging and labeling
Restraints:
Stringent Government Regulations
Opportunities:
Emerging Demand from Economies
On 10 Jan 2019, US-based sustainable and compliant packaging solutions firm Sana Packaging has established a partnership with Oceanworks to introduce a new line of reclaimed ocean plastic cannabis packaging. The new product line is made using 100% plant-based and chemical-free hemp plastic. The company will introduce the products this year.
In late 2015, the Council on Responsible Cannabis Regulation (CRCR) and the National Cannabis Industry Association (NCIA) joined forces on a project designed to address the need for best practices and greater consistency in state regulation of cannabis packaging and labeling. The central goal was to generate detailed regulatory recommendations for cannabis packaging and labeling for state regulators based on feedback from a diverse working group of subject-matter experts, stakeholder surveys and input, as well as an examination of federal standards for similar products and lessons from legal cannabis states.
Key Target Audience
Cannabis Packaging Manufacturers, Cannabis Packaging Distributors/Traders/Wholesalers, Cannabis Packaging Subcomponent Manufacturers, Industry Association and Downstream Vendors
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.