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The Global Cannabis Packaging Market size is estimated to reach USD 6.57 billion, from USD 1.75 billion in 2019, delivering a CAGR of 26.4% through 2027, according to a recent analysis.
The market growth is driven by the increasing legalization of cannabis and hemp-based CBD products across several countries, which, in turn, is bolstering the demand for cannabis packaging. With the legalization of medical marijuana on the rise, the global cannabis industry has grown over 310% in the past four years.
Currently, cannabis packing has so many formats, including plastic jars, glass, decorative tins, cartons, rigid tubes, bottles, and flexible pouches, among others. There are several other fast-growing products in the sector like shatter, wax, tinctures, and the more recent cannabis-infused wine and cannabis-dissolving mouth strips.
Legal Cannabis Market Trends, Industry Size, Growth, Analysis and Forecast – 2020 to 2028 – BIZNEWS
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World Cannabis Packaging Market Analysis and Segment Forecasts, 2017-2026 - ResearchAndMarkets com
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