Product Code: 5284
The cannabis packaging market is set to witness robust growth through 2028 owing to increasing legalization and regularization of cannabis products across the globe.
Notably, industry participants have been implementing profitable strategies to tap into emerging trends in the sector, which has contributed to the expansion of the cannabis packaging market. For instance, in June 2022, N2 Packaging Systems, LLC., a leader in sustainable packaging, joined the SSC (Sustainable Cannabis Coalition), an organization that promotes sustainable packaging, as part of its goal of becoming a plastic-free packaging supplier by 2023. This move would enable it to reduce its carbon footprint and contribute to a greener future.
In a notable development, in April 2022, DIZPOT, a specialist in cannabis packaging, launched DIZLOGIC to offer third-party logistics services to the cannabis supply chain. In another instance, in June 2022, the Cannabis Control Board of New York approved 16 new licenses as well as drafted new regulations for the packaging and marketing of cannabis products. As per the regulations, packaging must include the company's logo, THC and TBD content, contact information of the manufacturer and the distributor, and state-approved symbols.
The cannabis packaging market has been bifurcated in terms of cannabis form, material, type, and region.
With respect to material, the market has been segmented into glass, plastics & polymers, metal, paper & paperboard, and others. Among these, the metal segment is expected to grow at a CAGR of about 10.9% through the forecast period. The others material segment was valued at above USD 1,616.8 thousand in 2021 and is speculated to observe sizable expansion by 2028.
On the basis of type, the cannabis packaging market has been segregated into rigid and flexible. The rigid type segment is estimated to exhibit steady growth at a CAGR of around 6.0% over the analysis timeline.
Based on cannabis form, the market has been bifurcated into edibles, flowers, concentrates, and others. The edibles cannabis form segment is projected to achieve robust growth at a CAGR of approximately 10.7% over 2022-2028. In 2021, the others cannabis form segment registered a global market share of nearly 9.15%.
On the regional front, the Asia Pacific cannabis packaging market is expected to witness substantial progress, delivering roughly 5.8% CAGR through the forecast period. The Latin America cannabis packaging industry held more than 6.5% market share in 2021 and is poised to witness significant growth at around 8.7% CAGR through 2028. Meanwhile, the Middle East & Africa cannabis packaging sector is also set to showcase sturdy development at a rate of roughly 7.5% up to 2028.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Scope & definitions
- 1.2 Methodology and forecast parameters
- 1.3 Region-wise COVID-19 impact:
- 1.3.1 North America
- 1.3.2 Europe
- 1.3.3 Asia Pacific
- 1.3.4 Latin America
- 1.3.5 MEA
- 1.4 Regional trends
- 1.5 Data Sources
- 1.5.1 Secondary
- 1.5.2 Primary
Chapter 2 Executive Summary
- 2.1 Cannabis packaging industry 360 degree synopsis, 2018 - 2028
- 2.1.1 Business trends
- 2.1.2 Material trends
- 2.1.3 Product trends
- 2.1.4 Cannabis form trends
- 2.1.5 Regional trends
Chapter 3 Cannabis Packaging Industry Insights
- 3.1 Introduction
- 3.2 Industry landscape, 2018 - 2028
- 3.2.1 Impact of the COVID-19 outbreak
- 3.3 Industry ecosystem analysis
- 3.3.1 Raw material suppliers
- 3.3.2 Manufacturers
- 3.3.3 Distributors
- 3.3.4 End users
- 3.3.5 Distribution channel analysis
- 3.3.5.1 Direct distribution
- 3.3.5.2 Online sales channel
- 3.3.5.3 Resellers
- 3.3.6 Profit margin analysis
- 3.3.7 Value chain disruption analysis (COVID-19 impact)
- 3.3.8 Vendor matrix
- 3.3.8.1 List of key raw material suppliers
- 3.4 Technology landscape
- 3.4.1 Smart Packaging
- 3.4.1.1 QR Code
- 3.4.1.2 NFC Tagging
- 3.4.2 Augmented Reality
- 3.4.3 Modified atmosphere packaging
- 3.4.4 Blockchain technology
- 3.5 Legal and illicit demand for cannabis
- 3.6 Regulatory landscape
- 3.6.1 U.S.
- 3.6.2 Europe
- 3.6.3 Asia Pacific
- 3.7 Pricing analysis
- 3.7.1 Regional price trends
- 3.7.2 Price by application
- 3.7.3 Cost structure analysis
- 3.7.3.1 R&D cost
- 3.7.3.2 Manufacturing & equipment cost
- 3.7.3.3 Raw material cost
- 3.7.3.4 Distribution cost
- 3.7.3.5 Operating cost
- 3.7.3.6 Miscellaneous cost
- 3.7.4 COVID-19 impact on pricing
- 3.8 Industry impact forces
- 3.8.1 Growth drivers
- 3.8.1.1 Increasing legalization of cannabis for medical purposes
- 3.8.1.2 Rising usage of cannabis for recreational purpose in North America
- 3.8.2 Industry pitfalls and challenges
- 3.8.2.1 Stringent regulation related to cannabis packaging
- 3.8.2.2 Stringent regulations on the usage of cannabis
- 3.9 Innovation & sustainability
- 3.9.1 Patent dashboard
- 3.9.2 Future trends
- 3.10 Growth potential analysis, 2021
- 3.11 Porter's analysis
- 3.11.1 Supplier Power
- 3.11.2 Buyer Power
- 3.11.3 Threat of new entrants
- 3.11.4 Threat of substitution
Chapter 4 Competitive Landscape, 2021
- 4.1 Introduction
- 4.2 Company market share, 2021
- 4.3 Vendor adoption matrix
Chapter 5 Cannabis packaging Market, by Material
- 5.1 Cannabis packaging market share, material, 2021 & 2028
- 5.2 Plastics
- 5.2.1 Market estimate and forecast 2018-2028
- 5.2.2 Market estimate and forecast, by region, 2018-2028
- 5.3 Paper & Paperboard
- 5.3.1 Market estimate and forecast 2018-2028
- 5.3.2 Market estimate and forecast, by region, 2018-2028
- 5.4 Glass
- 5.4.1 Market estimate and forecast 2018-2028
- 5.4.2 Market estimate and forecast, by region, 2018-2028
- 5.5 Metal
- 5.5.1 Market estimate and forecast 2018-2028
- 5.5.2 Market estimate and forecast, by region, 2018-2028
- 5.6 Others
- 5.6.1 Market estimate and forecast 2018-2028
- 5.6.2 Market estimate and forecast, by region, 2018-2028
Chapter 6 Cannabis packaging Market, By Type
- 6.1 Cannabis packaging market share, by type, 2021 & 2028
- 6.2 Flexible
- 6.2.1 Market estimate and forecast 2018-2028
- 6.2.2 Market estimate and forecast, by region, 2018-2028
- 6.3 Rigid
- 6.3.1 Market estimate and forecast 2018-2028
- 6.3.2 Market estimate and forecast, by region, 2018-2028
Chapter 7 Cannabis packaging Market, By Cannabis Form
- 7.1 Cannabis packaging market share, by cannabis form, 2021 & 2028
- 7.2 Flowers
- 7.2.1 Market estimate and forecast 2018-2028
- 7.2.2 Market estimate and forecast, by region, 2018-2028
- 7.3 Concentrates
- 7.3.1 Market estimate and forecast 2018-2028
- 7.3.2 Market estimate and forecast, by region, 2018-2028
- 7.4 Edibles
- 7.4.1 Market estimate and forecast 2018-2028
- 7.4.2 Market estimate and forecast, by region, 2018-2028
- 7.5 Others
- 7.5.1 Market estimate and forecast 2018-2028
- 7.5.2 Market estimate and forecast, by region, 2018-2028
Chapter 8 Cannabis packaging Market, By Region
- 8.1 Cannabis packaging market share, by region, 2021 & 2028
- 8.2 North America
- 8.2.1 North America cannabis packaging market estimate and forecast, 2018-2028
- 8.2.2 North America cannabis packaging market estimates and forecast, by material, 2018-2028
- 8.2.3 North America cannabis packaging market estimates and forecast, by type, 2018-2028
- 8.2.4 North America cannabis packaging market estimates and forecast, by cannabis form, 2018-2028
- 8.2.5 U.S.
- 8.2.5.1 U.S. cannabis packaging market estimate and forecast, 2018-2028
- 8.2.5.2 U.S. cannabis packaging market estimates and forecast, by material, 2018-2028
- 8.2.5.3 U.S. cannabis packaging market estimates and forecast, by type, 2018-2028
- 8.2.5.4 U.S. cannabis packaging market estimates and forecast, by cannabis form, 2018-2028
- 8.2.5.5 California
- 8.2.5.5.1 California cannabis packaging market estimate and forecast, 2018-2028
- 8.2.5.5.2 California cannabis packaging market estimates and forecast, by material, 2018-2028
- 8.2.5.5.3 California cannabis packaging market estimates and forecast, by type, 2018-2028
- 8.2.5.5.4 California cannabis packaging market estimates and forecast, by cannabis form, 2018-2028
- 8.2.5.6 Colorado
- 8.2.5.6.1 Colorado cannabis packaging market estimate and forecast, 2018-2028
- 8.2.5.6.2 Colorado cannabis packaging market estimates and forecast, by material, 2018-2028
- 8.2.5.6.3 Colorado cannabis packaging market estimates and forecast, by type, 2018-2028
- 8.2.5.6.4 Colorado cannabis packaging market estimates and forecast, by cannabis form, 2018-2028
- 8.2.5.7 Washington
- 8.2.5.7.1 Washington cannabis packaging market estimate and forecast, 2018-2028
- 8.2.5.7.2 Washington cannabis packaging market estimates and forecast, by material, 2018-2028
- 8.2.5.7.3 Washington cannabis packaging market estimates and forecast, by type, 2018-2028
- 8.2.5.7.4 Washington cannabis packaging market estimates and forecast, by cannabis form, 2018-2028
- 8.2.5.8 Oregon
- 8.2.5.8.1 Oregon cannabis packaging market estimate and forecast, 2018-2028
- 8.2.5.8.2 Oregon cannabis packaging market estimates and forecast, by material, 2018-2028
- 8.2.5.8.3 Oregon cannabis packaging market estimates and forecast, by type, 2018-2028
- 8.2.5.8.4 Oregon cannabis packaging market estimates and forecast, by cannabis form, 2018-2028
- 8.2.6 Canada
- 8.2.6.1 Canada cannabis packaging market estimate and forecast, 2018-2028
- 8.2.6.2 Canada cannabis packaging market estimates and forecast, by material 2018-2028
- 8.2.6.3 Canada cannabis packaging market estimates and forecast, by type, 2018-2028
- 8.2.6.4 Canada cannabis packaging market estimates and forecast, by cannabis form, 2018-2028
- 8.3 Europe
- 8.3.1 Europe cannabis packaging market estimate and forecast, 2018-2028
- 8.3.2 Europe cannabis packaging market estimates and forecast, by material, 2018-2028
- 8.3.3 Europe cannabis packaging market estimates and forecast, by type, 2018-2028
- 8.3.4 Europe cannabis packaging market estimates and forecast, by cannabis form, 2018-2028
- 8.3.5 Netherlands
- 8.3.5.1 Netherlands cannabis packaging market estimate and forecast, 2018-2028
- 8.3.5.2 Netherlands cannabis packaging market estimates and forecast, by material, 2018-2028
- 8.3.5.3 Netherlands cannabis packaging market estimates and forecast, by type, 2018-2028
- 8.3.5.4 Netherlands cannabis packaging market estimates and forecast, by cannabis form, 2018-2028
- 8.3.6 Czech Republic
- 8.3.6.1 Czech Republic cannabis packaging market estimate and forecast, 2018-2028
- 8.3.6.2 Czech Republic cannabis packaging market estimates and forecast, by material, 2018-2028
- 8.3.6.3 Czech Republic cannabis packaging market estimates and forecast, by type, 2018-2028
- 8.3.6.4 Czech Republic cannabis packaging market estimates and forecast, by cannabis form, 2018-2028
- 8.4 Asia Pacific
- 8.4.1 Asia Pacific cannabis packaging market estimate and forecast, 2018-2028
- 8.4.2 Asia Pacific cannabis packaging market estimates and forecast, by material, 2018-2028
- 8.4.3 Asia Pacific cannabis packaging market estimates and forecast, by type, 2018-2028
- 8.4.4 Asia Pacific cannabis packaging market estimates and forecast, by cannabis form, 2018-2028
- 8.4.5 Australia
- 8.4.5.1 Australia cannabis packaging market estimate and forecast, 2018-2028
- 8.4.5.2 Australia cannabis packaging market estimates and forecast, by material, 2018-2028
- 8.4.5.3 Australia cannabis packaging market estimates and forecast, by type, 2018-2028
- 8.4.5.4 Australia cannabis packaging market estimates and forecast, by cannabis form, 2018-2028
- 8.4.6 Thailand
- 8.4.6.1 Thailand cannabis packaging market estimate and forecast, 2018-2028
- 8.4.6.2 Thailand cannabis packaging market estimates and forecast, by material, 2018-2028
- 8.4.6.3 Thailand cannabis packaging market estimates and forecast, by type, 2018-2028
- 8.4.6.4 Thailand cannabis packaging market estimates and forecast, by cannabis form, 2018-2028
- 8.5 Latin America
- 8.5.1 Latin America cannabis packaging market estimate and forecast, 2018-2028
- 8.5.2 Latin America cannabis packaging market estimates and forecast, by material, 2018-2028
- 8.5.3 Latin America cannabis packaging market estimates and forecast, by type, 2018-2028
- 8.5.4 Latin America cannabis packaging market estimates and forecast, by cannabis form, 2018-2028
- 8.5.5 Uruguay
- 8.5.5.1 Uruguay cannabis packaging market estimate and forecast, 2018-2028
- 8.5.5.2 Uruguay cannabis packaging market estimates and forecast, by material, 2018-2028
- 8.5.5.3 Uruguay cannabis packaging market estimates and forecast, by type, 2018-2028
- 8.5.5.4 Uruguay cannabis packaging market estimates and forecast, by cannabis form, 2018-2028
- 8.5.6 Costa Rica
- 8.5.6.1 Costa Rica cannabis packaging market estimate and forecast, 2018-2028
- 8.5.6.2 Costa Rica cannabis packaging market estimates and forecast, by material, 2018-2028
- 8.5.6.3 Costa Rica cannabis packaging market estimates and forecast, by type, 2018-2028
- 8.5.6.4 Costa Rica cannabis packaging market estimates and forecast, by cannabis form, 2018-2028
- 8.5.7 Colombia
- 8.5.7.1 Colombia cannabis packaging market estimate and forecast, 2018-2028
- 8.5.7.2 Colombia cannabis packaging market estimates and forecast, by material, 2018-2028
- 8.5.7.3 Colombia cannabis packaging market estimates and forecast, by type, 2018-2028
- 8.5.7.4 Colombia cannabis packaging market estimates and forecast, by cannabis form, 2018-2028
- 8.5.8 Argentina
- 8.5.8.1 Argentina cannabis packaging market estimate and forecast, 2018-2028
- 8.5.8.2 Argentina cannabis packaging market estimates and forecast, by material, 2018-2028
- 8.5.8.3 Argentina cannabis packaging market estimates and forecast, by type, 2018-2028
- 8.5.8.4 Argentina cannabis packaging market estimates and forecast, by cannabis form, 2018-2028
- 8.6 Middle East & Africa
- 8.6.1 Middle East & Africa cannabis packaging market estimate and forecast, 2018-2028
- 8.6.2 Middle East & Africa cannabis packaging market estimates and forecast, by material, 2018-2028
- 8.6.3 Middle East & Africa cannabis packaging market estimates and forecast, by type, 2018-2028
- 8.6.4 Middle East & Africa cannabis packaging market estimates and forecast, by cannabis form, 2018-2028
Chapter 9 Company Profiles
- 9.1 Berry Global Inc.
- 9.1.1 Business overview
- 9.1.2 Financial data
- 9.1.3 Product landscape
- 9.1.4 Strategic outlook
- 9.1.5 SWOT analysis
- 9.2 Pollen Gear
- 9.2.1 Business overview
- 9.2.2 Financial data
- 9.2.3 Product landscape
- 9.2.4 SWOT analysis
- 9.3 KushCo Holdings Inc.
- 9.3.1 Business overview
- 9.3.2 Financial data
- 9.3.3 Product landscape
- 9.3.4 Strategic outlook
- 9.3.5 SWOT analysis
- 9.4 Drug Plastics Group
- 9.4.1 Business overview
- 9.4.2 Financial data
- 9.4.3 Product landscape
- 9.4.4 Strategic outlook
- 9.4.5 SWOT analysis
- 9.5 Kaya Packaging
- 9.5.1 Business overview
- 9.5.2 Financial data
- 9.5.3 Product landscape
- 9.5.4 Strategic outlook
- 9.5.5 SWOT analysis
- 9.6 Green Rush Packaging
- 9.6.1 Business overview
- 9.6.2 Financial data
- 9.6.3 Product landscape
- 9.6.4 Strategic outlook
- 9.6.5 SWOT analysis
- 9.7 Cannaline Cannabis Packaging Solutions
- 9.7.1 Business overview
- 9.7.2 Financial data
- 9.7.3 Product landscape
- 9.7.4 Strategic outlook
- 9.7.5 SWOT analysis
- 9.8 IMPAK Corporation
- 9.8.1 Business overview
- 9.8.2 Financial data
- 9.8.3 Product landscape
- 9.8.4 Strategic outlook
- 9.8.5 SWOT analysis
- 9.9 N2 Packaging System
- 9.9.1 Business overview
- 9.9.2 Financial data
- 9.9.3 Product landscape
- 9.9.4 SWOT analysis
- 9.10 Dymapak
- 9.10.1 Business overview
- 9.10.2 Financial data
- 9.10.3 Product landscape
- 9.10.4 Strategic outlook
- 9.10.5 SWOT analysis
- 9.11 Diamond Packaging
- 9.11.1 Business overview
- 9.11.2 Financial data
- 9.11.3 Product landscape
- 9.11.4 Strategic outlook
- 9.11.5 SWOT analysis
- 9.12 Max Bright Packaging Ltd.
- 9.12.1 Business overview
- 9.12.2 Financial data
- 9.12.3 Product landscape
- 9.12.4 SWOT analysis
- 9.13 Packaging Bee
- 9.13.1 Business overview
- 9.13.2 Financial data
- 9.13.3 Product landscape
- 9.13.4 SWOT analysis