Cannabis Packaging Market Size, Share, and COVID-19 Impact Analysis By Material (Paper & Paperboard, Glass, Metal, and Plastic), By Packaging Type (Pouches, Bottles & Jars, Bags, Cartons & Boxes, and Others), By Application (Medical and Recreational), and Regional Forecast, 2024-2032

The cannabis packaging market is rising due to the use of cannabis for both medical and recreational purposes. The legalization of cannabis by various governments of countries, particularly in North America, is impacting the growth of the cannabis packaging market. The increasing demand for medical and recreational cannabis products for consumption, the introduction of new packaging solutions, and the rising proliferation of cannabis in the medical industry created a massive demand for protective Packaging, which is likely to push the growth of the cannabis packaging market.

• For instance, in February 2021, Spee-Dee launched a new automated cannabis packaging system. Spee-Dee’s cannabis jar-filling system allows manufacturers to fill cannabis products. The computerized system can fill up to 40 jars per min.

The significant factor driving the market growth of cannabis packaging is the importance of maintaining brand positioning. The rising use of cannabis for recreational purposes and the high growth of new child-proof and tamper-proof cannabis packaging solutions will further offer various market opportunities and are expected to drive market growth over the forecast period. The increasing use of cannabis in the medical industry to treat chronic conditions, such as Epilepsy, Alzheimer's, etc., is anticipated to fuel the cannabis packaging market.

The stringent government regulations on cannabis packaging significantly hamper the market growth. Cannabis packaging is regulated by respective governments across different countries. However, the laws related to cannabis differ across different regions, and several prohibitions are applied to cannabis products. Such factors are limiting the market growth.

IMPACT OF COVID-19 ON THE CANNABIS PACKAGING MARKET

The cannabis packaging market was impacted during the pandemic. Before the pandemic, the market witnessed rapid growth, which has been limited by strict regulation and lockdown during the pandemic, as the demand for the product plummeted globally. But the market is likely to recover quickly during the post-pandemic era. The cannabis industry represents one of the most rapidly changing packaging landscapes in the pharmaceutical and nutraceutical sector. Hence, the market had limited growth during the pandemic and is expected to grow during the forecast period.

KEY INSIGHTS

The report will cover the following key insights:

• Recent Advancements in the Cannabis Packaging Market


• Key Industry Trends


• Regulatory Landscape for the Cannabis Packaging Market


• Key Industry Developments (Mergers, Acquisitions, and Partnerships)


• Impact of COVID-19 on the Market

ANALYSIS BY MATERIAL

Based on the material, the market is segmented into paper & paperboard, glass, metal, and plastic. Plastic segments hold the largest market share in the global cannabis packaging market because plastic material provides flexibility and is highly cost-effective over other materials. Moreover, it enables easy product labeling, further driving the segment’s growth.

ANALYSIS BY PACKAGING TYPE

Based on the packaging type, the market is segmented into pouches, bottles & jars, bags, cartons & boxes, and others. Bottles & jars hold the largest market share in the global cannabis packaging market due to the availability of a wide range of products in this segment with different shapes and sizes, which supports the segment's growth. The glass packaging provides a moisture and gas barrier to the packaged product.

ANALYSIS BY APPLICATION

Based on the application, the market is segmented into medical and recreational. The medical segment holds the largest market share in the global cannabis packaging market due to increasing demand for cannabis for medical purposes. Consumption of cannabis for recreational purposes has been legalized in different countries; this led to an opportunity for new start-up manufacturing companies to produce cannabis products which are expected to increase the demand for cannabis packaging rapidly.

REGIONAL ANALYSIS

The cannabis packaging market has been studied across North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is the leading region of the global cannabis packaging market. Canada is the third largest producer of cannabis in the world. In addition, the government of Canada has passed the cannabis act, which has created a legal framework for controlling the production of cannabis in Canada. Europe region is expected to register steady growth throughout the forecast period due to the rising awareness among the public about the positive effect of cannabis, which has boosted the cannabis packaging in the region. Asia Pacific expected moderate growth during the forecast period due to the rise in health consciousness across the region. Demand for cannabis oil among developing countries is propelling the cannabis packaging market growth in Latin America. The Middle East & Africa region is expected to rise due to a rise in the number of people suffering from chronic diseases, which will drive the cannabis packaging market in the region.

KEY PLAYERS COVERED

The report will include profiles of key players such as JL Clark, The BoxMaker, Elevate Packaging, Kush Supply Co., Cannabis Creative, Kaya Packaging, Dymapak, Diamond Packaging, Greenlane Holdings, Inc., N2 Packaging Systems LLC, among others.

SEGMENTATION

KEY INDUSTRY DEVELOPMENTS

• March 2022: Wana Brands and August Allen launched first of its kind augmented reality experience on product packaging. The team of Wana Brands worked with August Allen to establish an advanced AR experience for the cannabis brand’s new product line that leverages the power and accessibility of web-based augmented reality.


• February 2022: N2 Packaging launched a sustainable paperboard can for cannabis with child resistant lid with process-patented, sustainable packaging for cannabis and cannabis products. N2 new paperboard can is made from 65% reclaimed paper from recycling centers.


• June 2021: Berlin Packaging acquired cannabis packaging firm, Cannasupplies. With this acquisition, Berlin Packaging aims to fortify its cannabis packaging offering in Canada and help bring enhanced expertise to the cannabis market.