Cannabis Packaging Market to Expand at a Rate of 17 30% from 2023 to 2030 and Touch USD 2 52 Billion by 2030 – Report by Market Research Future (MRFR) forextv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forextv.com Daily Mail and Mail on Sunday newspapers.
Global $297.5 Billion Cannabis Packaging Market to 2025
ResearchAndMarkets.com s offering. The cannabis packaging market was valued at USD 101.48 billion in 2019 and is expected to reach USD 297.51 billion by 2025, at a CAGR of 22.59% over the forecast period 2020 - 2025.
The cannabis packaging market is anticipated to witness notable growth in the next few years, owing to the rising demand for medical and recreational cannabis products for consumption. The increasing legalization of cannabis in various countries is likely to drive the future market.
The recreational cannabis application is expected to drive the market in the future, as it showed unprecedented growth in recent years. The Marijuana Business Daily reported flowers as the most preferred form of cannabis sold in the United States. The flower is packed in jars or flexible packaging bags.