According to Custom Market Insights (CMI), The Medical Cannabis (CBD) packaging market has grown to USD 992.21 million by 2021 and is foreseen to record a growth of USD 2,742.34 million by 2030, at a compound annual growth rate of 15.7%. The increasing demand for Cannabis (CBD) and its products has also boosted the packaging industry’s market.

The huge number of health benefits that are obtained from the use of these products has propelled the size of the market to a great extent. The various advanced packaging options available in the market have enabled the manufacturers to provide better protection to the material’s structure and shape, which helps attract potential consumers. And it took to packaging helps to drive the market to new heights.

Browse the full “Medical Cannabis (CBD) Packaging Market Size, Trends and Insights By Material (Plastic, Glass, Metal, Paper), By Product (Tubes, Jars and bottles, Pouches, Tins, Clamshells and blisters, Others), By Application (Medical Use, Recreational Use), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” report at https://www.custommarketinsights.com/report/medical-cannabis-packaging/

Global Medical Cannabis (CBD) Packaging Market 2023 – 2032 (On the basis of Material)

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Market Dynamics

Drivers

The use of medical Cannabis (CBD) in treating various diseases related to the central nervous system has encouraged a huge population to opt for such products. The one-stop packaging techniques that the key market players have adopted have attracted potential consumers worldwide. Innovative packaging options introduced by the key market players help spread easy awareness regarding the contents and uses of such products, enabling people to purchase them. Induction cell research and development carried out by the key market players, along with a huge investment made by them for this purpose, has helped drive the market to new heights and is foreseen to record considerable growth during the forecast period.

Restraints

The use of advanced packaging options imposes an additional cost on the product’s total price, which greatly hampers the market’s growth. The use of plastics hampers the quality of the medicine over time, which also emerges as a restraining factor for the market’s growth. Many countries have imposed restrictions and rules on the sales and distribution of Cannabis (CBD) and its products, which have hampered the packaging industry as well. The outbreak of the pandemic had a significant impact on the growth of the market, which hampered the sales and distribution channel to a great extent.

Opportunities

The huge number of benefits obtained from medical Cannabis (CBD) to manage the treatment of chronic diseases has emerged as a major opportunity for the market’s growth, which also, in turn, supports the packaging industry. Cannabis (CBD) products act as a major pain reliever; hence, the demand for such products is increasing in the market.

Advanced packaging options help indirect publicity and popularity of Cannabis (CBD) products which makes people aware of the uses of Cannabis (CBD) in the medical field. Proper packaging provided for Cannabis (CBD) products helps maintain the content’s integrity, and hence it is experiencing a huge demand from the market. The huge investments the key market players have made in introducing new packaging options for the manufacturers have boosted the market’s size to a great extent.

Challenges

Lack of awareness among the people regarding the health benefits obtained from using Cannabis (CBD) products has also challenged the packaging industry’s growth. The total cost of the product increases along with the use of advanced packaging options, which greatly challenges the packaging industry’s growth. Restrictions imposed by the government of many countries have hindered the sales and distribution of Cannabis (CBD) products, which also affects the growth of the packaging industry. Increasing competition among key players has challenged the market’s growth due to manufacturers’ availability of a huge variety of options.

Global Medical Cannabis (CBD) Packaging Market 2023 – 2032 (On the basis of the Application)

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Segmental Highlights

Based on material, the segment of plastic has emerged as the largest segment due to the extensive use of plastic packaging materials by the menu Cannabis (CBD) industry. The extreme flexibility and resistance offered by good quality plastics propel the growth of this segment to a great extent.

The use of glass materials has also been considered a great option by the manufacturers, which provides maximum protection to the liquids. Based on product, jars and bottles have emerged as the largest segment resulting from their extensive use in the market. Bottles and jars are mainly used to hold liquid substances that tend to leak. Prince and pouches are other segments discussed under this category. On the pictures of the application, the use of Cannabis (CBD) products and packaging for recreation has emerged as the largest market. Based on geography, the region of North America has emerged as the largest consumer of medical Cannabis (CBD) packaging market. The other regions that have contributed significantly to this market include the European nations, which have legalized the use of Cannabis (CBD) and its products.

Regional Snapshots

The region of North America has emerged as the largest sector for the medical Cannabis (CBD) packaging market due to the huge number of products demanded by this region. The process of legalization that has taken place in this region has helped to boost the sales and demand for cannabis products which enhances the growth of the packaging industry as well. Advanced packaging options available in this region, including glass and plastics, emerged as the major segments that have greatly boosted the market’s size.

The European countries also have legalized cannabis products, which is a major driving force for the packaging industry. Restrictions imposed by the countries belonging to the Asia Pacific region have greatly hampered the market’s growth to a great extent. The key market players are trying to spread awareness regarding the benefits of Cannabis (CBD) products which are helping the packaging industry boost its business.

Feature of the ReportDetails
Market Size in 2021USD 992.21 million
Projected Market Size in 2030USD 2,742.34 million
CAGR Growth Rate15.7% CAGR (2022-2030)
Base Year2023
Forecast Period2024-2033
Prominent PlayersJ.L. CLARK, IMPAK Corp., Berry Global Inc., KushCo Holdings Inc., Pollen Gear, Cannaline Cannabis Packaging Solutions, Norkol Packaging LLC, N2 Packaging Systems, LLC, Green Rush Packaging, MMC DEPOT, and Others
Key SegmentBy Material, Product, Application, and Region
Report CoverageRevenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional ScopeNorth America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying OptionsRequest tailored purchasing options to fulfil your requirements for research.

Key Market Players

  • L. CLARK
  • IMPAK Corp.
  • Berry Global Inc.
  • KushCo Holdings Inc.
  • Pollen Gear
  • Cannaline Cannabis Packaging Solutions
  • Norkol Packaging LLC
  • N2 Packaging Systems, LLC
  • Green Rush Packaging
  • MMC DEPOT

Recent Developments

  • Green rush packaging introduced Grip N lock boxes used for packaging cannabis products in the year 2021. Various sizes are available in this segment which helps to customize the package according to the size of the product. A gloss finishes to the box prevents fading of the design which attracts potential consumers.

Global Medical Cannabis (CBD) Packaging Market 2023 – 2032 (By Million)

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Segments covered in this report

By Material

  • Plastic
  • Glass
  • Metal
  • Paper

By Product

  • Tubes
  • Jars and bottles
  • Pouches
  • Tins
  • Clamshells and blisters
  • Others

By Application

  • Medical use
  • Recreational use

On the basis of Geography

North America

  • The U.S.
  • Canada
  • Mexico

Europe

  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America