PUBLISHER: TechNavio | PRODUCT CODE: 1557733
PUBLISHER: TechNavio | PRODUCT CODE: 1557733
The cannabis packaging market is forecasted to grow by USD 12184.8 mn during 2023-2028, accelerating at a CAGR of 35.11% during the forecast period. The report on the cannabis packaging market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing millennial purchasing power in key cannabis industry, rising number of countries decriminalizing and legalizing cannabis, and increasing medicinal application of cannabis.
Technavio's cannabis packaging market is segmented as below:
Market Scope | |
---|---|
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 27.5% |
CAGR | 35.11% |
Incremental Value | $12184.8mn |
By Material
By Type
By Geography
This study identifies the emergence of smart packaging of cannabis as one of the prime reasons driving the cannabis packaging market growth during the next few years. Also, increasing focus on sustainable packaging and increasing innovations in cannabis packaging will lead to sizable demand in the market.
The report on the cannabis packaging market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading cannabis packaging market vendors that include Berry Global Inc., Cannabis Promotions, Cannaline, Diamond Packaging, Drug Plastics Group, Dymapak Quark Distribution Inc., Elevate Packaging Inc., Green Rush Packaging, Greenlane Holdings Inc., Kaya Packaging, Kynd Packaging LLC, Max Bright Packaging Ltd., MMC Depot, N2 Packaging Systems LLC, Norkol Inc., Packaging Bee, RXD Co., Sana Packaging, StoreSac, and The Boxmaker Inc.. Also, the cannabis packaging market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
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