The latest report published by IMARC Group, titled "Cannabis Packaging Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," offers a comprehensive analysis of the industry, which comprises insights on the Cannabis Packaging Market. The report also includes competitor and regional analysis, and contemporary advancements in the market.

Cannabis Packaging Market Overview:

The global cannabis packaging market reached a value of US$ 982.4 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 3949.6 Million by 2027, exhibiting a CAGR of 25.40% during 2022-2027. Cannabis is a psychoactive drug consisting of tetrahydrocannabinol (THC) components derived from the cannabis plant. It is extensively used as a drug for both recreational and entheogenic purposes. The packaging of cannabis is the most important component of maintaining the integrity of the plant. Some of the standard materials utilized for cannabis packaging include plastic resins, films, and sheets. It includes activities such as drying, curing, grading, storing, trimming, and labeling packaged cannabis products. Manufacturers are also required to comply with the regulations implemented by governmental bodies for cannabis packaging, which include labeled with the standardized cannabis symbol, mandatory health warning message, and specific product information like the class of cannabis and brand name.

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Cannabis Packaging Market Trends/Drivers:

One of the key factors driving the cannabis packaging market growth is the legalization of cannabis across several nations for medical use. This is further supported by rising awareness among consumers regarding the benefits of cannabis, which, in turn, has significantly surged its demand. Moreover, the surging demand for quality cannabis packaging solutions, such as child-resistant, tamper-evident, resealable, and opaque, to reduce the risks of accidental consumption and overconsumption is boosting the market growth. 

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Competitive Landscape with Key Players:

• Berry Global Inc.
• Cannabis Science Inc.
• Cannaline Cannabis Packaging Solutions
• Diamond Packaging
• Dymapak
• Elevate Packaging Inc.
• Green Rush Packaging
• Greenlane Holdings Inc.
• Kaya Packaging
• KushCo Holdings Inc.
• Maple Leaf Green World Inc.
• N2 Packaging Systems LLC.

Key Market Segmentation:

Breakup by Type:

• Rigid
• Semi Rigid
• Flexible

Breakup by Packaging Material:

• Metal
• Plastic
• Cardboard Containers
• Glass
• Others

Breakup by Application:

• Medical Use
• Recreational Use
• Others

Breakup by Region:

• North America
• Europe
• Others

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Note: We are updating our reports, If you want the report with the latest primary and secondary data (2022-2027) including industry trends, market size and Competitive landscape, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.

Key highlights of the report:                                                    

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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