Cannabis Contract Packaging Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Growpacker, Redlaw, Spacestation

Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Cannabis Contract Packaging Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 24.3 % during the review period (2022 to 2027).

Cannabis Contract Packaging Market Overview

The recreational cannabis application is expected to drive the market in the future, as it has shown 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. 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 focus on sustainability, regulations, and branding has heavily impacted the packaging of cannabis and has facilitated the shift from traditional methods which relied on manual labor for processing and packaging to more sophisticated methodologies which involve automated machines.

Industry News and Updates:                                

May 07, 2019: Growpacker Inc. Launches Proprietary Infusion and Emulsification Technology for THC and CBD Consumer Product Manufacturing-- 

Growpacker Inc. ("Growpacker" or the "Company"), a contract manufacturer of THC and CBD-infused edibles and beverages in the United States, has announced the launch of a proprietary technology used for the emulsification and infusion of THC and/or CBD distillate. The new technology offers various new parameters and delivery methods to streamline the process for CPG companies and others entering California’s legal cannabis market.

What are the major Applications, Types and Regions for Cannabis Contract Packaging Market?

By Types it is segmented into

•     Rigid Packaging


•     Flexible Packaging

By Applications it is segmented into

•     Medical Use


•     Recreational Use


•     Others

Cannabis Contract Packaging Market Segments Analysis

• The rigid packaging segment is expected to contribute significantly to global cannabis packaging in the future, owing to the extensive use of vials and bottles for medical cannabis packaging. 


• The medical segment is anticipated to grow substantially over the forecast time period, owing to the rising cannabis demand for medicinal purposes in government authorized medical centers in countries where cannabis is legalized.

Cannabis Contract Packaging Market Regional Analysis

All these factors greatly affect the Cannabis Contract Packaging market growth. It further aims at providing complete overview on detailed assessment of significant features of different industries including sales volume, market revenue, and demand size, sales growth, pricing analysis and changing market growth factors in regions such as Follows,

North America dominated the worldwide cannabis packaging market in 2019 and is anticipated to do so in 2020. The medical industry's increased use of cannabis to treat numerous chronic ailments including epilepsy and Alzheimer's disease is expected to boost the North American cannabis packaging market in the future. Cannabis is used to treat nausea and vomiting caused by chemotherapy, enhance appetite in HIV/AIDS patients, and to relieve chronic pain and muscular spasms. This, in turn, is fueling the usage of cannabis in small amounts in various treatments, which is likely to drive up demand for cannabis packaging and, as a result, drive market expansion in North America.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


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


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


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Cannabis Contract Packaging Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Cannabis Contract Packaging Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Cannabis Contract Packaging Market Report Scope?

Key Takeaways from this Cannabis Contract Packaging Report

• Evaluate Cannabis Contract Packaging market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.


• Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Cannabis Contract Packaging market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.

What is the growth rate of Cannabis Contract Packaging Market?

The Cannabis Contract Packaging Market is growing at a CAGR of 24.3% over the next 5 years.

Who are the key players in Cannabis Contract Packaging Market?

Growpacker, Redlaw, Spacestation, LF of America, WellgreensCA, SolisLabs, Se7enLeaf

What are the significant types of Cannabis Contract Packaging Market?

Rigid Packaging, Flexible Packaging

What are the major end-use applications of Cannabis Contract Packaging Market?

Medical Use, Recreational Use, Others

On the basis of type, Which segment is likely to hold the major share in the Cannabis Contract Packaging Market?

Rigid Packaging segment to hold the largest share in Cannabis Contract Packaging market

All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.