Marijuana Packaging#q=how Does Marijuana Affect Babies Through Breast Milk

Market place Snapshot

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Market place Overview

The Global Cannabis Packaging Marketplace is expected to witness a CAGR of 24.3% over the forecast period from 2021 to 2026. The cannabis packaging market place is predictable to witness notable growth in the adjacent few years, owing to the rising demand for medical and recreational cannabis products for consumption. The increasing legalization of cannabis in various countries is probable to drive the future market.

  • The recreational cannabis application is expected to bulldoze the market place in the future, as it has shown unprecedented growth in recent years. The Marijuana Business Daily reported flowers as the nigh preferred form of cannabis sold in the Us. The flower is packed in jars or flexible packaging numberless.
  • The rapid legalization of the consumption of cannabis in the United states and the existing gratuitous environment in Canada is anticipated to bulldoze the ancillary demand for the packaging of cannabis. 36 out of 50 states in the United States allow patients to use medical cannabis with a proper prescription. The growth of the cannabis market place in the North American region indicates that the region is expected to witness the rapid development of the studied marketplace.
  • The packaging of cannabis is the most crucial process, attributable to various regulations imposed by unlike countries' governments across the world. For instance, medical cannabis is available in various forms, such equally flowers or concentrates, extracted in oils, extracts, or edibles. This medical cannabis packaging is growing, thus boosting various companies to offering holistic solutions to its manufacturers.
  • A notable tendency in the cannabis packaging industry is to tap on the rising consumption of recreational cannabis amongst the younger population. Due to high make saturation amid cannabis players, the packaging plays a high office amid smaller and emerging players to strengthen the brand image.
  • The announcement of a nationwide lockdown during the COVID-19 outbreak sparked increased need for cannabis products. Multiple retail stores registered havoc traffic from consumers as the general idea of stocking upwards cannabis products in fearfulness of its scarcity took middle stage. Relevant statistics suggest the high growth of retail sales of cannabis products in March of 2020, creating an ancillary demand for cannabis packaging products.
  • 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 transmission labor for processing and packaging to more sophisticated methodologies which involve automated machines. The incorporation of automation is slowly gaining traction in the cannabis packaging manufacture as the manufacture players become aware of the benefits of automating packaging processes. This is envisaged to become more popular with the standardization of the legal landscape of cannabis.

Scope of the Report

The packaging of cannabis is the most crucial process, owing to diverse regulations imposed by the governments of unlike countries across the world. This written report provides a comprehensive analysis of the cannabis packaging market classified based on blazon, packaging materials, and application. The blazon segment of the cannabis packaging market includes rigid packaging and flexible packaging.

By Type
Rigid Packaging
Flexible Packaging
By Packaging Materials
Glass
Metal
Plastics
Cardboard Containers
Past Geography
North America
Europe
Latin America
Rest of the Globe

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Key Market Trends

Plastic Packaging Holds a Significant Market Share

  • Plastic packaging has been the preferred packaging option for different cannabis consumption forms, like tinctures, flowers, oils, patches, and pills. Plastic can run across the different challenges encountered by cannabis manufacturers.
  • For multiple reasons, plastic is the virtually mutual material type utilized for cannabis packaging involving the strict cannabis packaging regulatory environment and production preservation. Firstly, cannabis is a perishable product, and plastic packaging considerably extends the shelf-life of perishable products. Second, it is significantly challenging to design child-resistant locking mechanisms utilizing sustainable materials. Every legal cannabis market place needs some form of child-resistant packaging, whether it'southward the primary product-touching layer of packaging or the second layer of packaging, such as an exit bag.
  • Cannabis-infused extracts, tinctures utilize plastic in the form of containers, droppers, and caps. When it comes to containers, plastic'southward depression weight has been a driving factor for plastic containers. The containers used for packaging are very modest and are sold in 15 to 30 ml sizes, due to which the manufacturers are not able to add regulatory information on the labels. The manufacturers usually have a carton-based secondary packaging in which the container is packaged with the pamphlet containing the required information. Similarly, droppers and closures are also manufactured using plastics.
  • Bottles and closures made of high-density polyethylene (HDPE), depression-density polyethylene (LDPE), polypropylene (PP), and polyethylene terephthalate (PET) accept become widely accustomed packaging options inside the cannabis industry. Plastic bottles and closures offer a vast selection of products from which to choose. Additionally, some progressive plastic packaging manufacturers are actively working to provide alternatives to plastics made from fossil fuels instead of using resins produced from renewable resources like sugarcane. Planet-friendly options include HDPE Bioresin manufactured with sustainably sourced resin from sugarcane.
  • Furthermore, the flexible pouches tin encounter the stringent regulations for packaging cannabis. The Chinese suppliers take been able to capture the flexible packaging market due to their depression-price offerings and the absence of major players. Like Amcor, players accept abstained from this market due to the uneven legal landscape of the cannabis market.
Cannabis Packaging Market Key trends

Due north America Holds Meaning Market Share

  • North America is i of the major contributors to the worldwide cannabis industry. Growth in this region is attributed to the widespread adoption and farming of cannabis in countries such as the United States and Canada.
  • The recent shift in the regulatory landscape has resulted in more than people using medicinal cannabis to address conditions similar chronic hurting, depression, PTSD, social anxiety, cancer, multiple sclerosis, and epilepsy, all of which are linked to changing lifestyles. Furthermore, as a result of the implementation of these severe laws, suppliers must adhere to proper safety control methods and provide consumers with high-quality products, thus promoting marketplace growth in this region.
  • For instance, California's current regulations primarily allow that either the production must be in a child-resistant container or must be placed in a CR go out bundle. New regulations that took consequence from January 2020 mandated that all the products must be in a certified kid-resistant container. Moreover, the edible products must be in a kid-resistant re-sealable package.
  • Moreover, in January 2020, California's office of environmental health hazard assessment (OEHHA) canonical listing "cannabis fume" and THC as reproductive toxins under the proposition 65 and, in 1 twelvemonth, the cannabis vendors in the state will demand to label their products with a Prop 65 alarm label.
Cannabis Packaging Market Growth by Region

Competitive Landscape

The global cannabis packaging market is a highly consolidated marketplace with few top players dominating the market's significant share. Some of the dominant players in the market are KushCo Holdings Inc., JL Clarks Inc., Kaya Packaging, Impak Corporation, Funksac LLC., Dixie Elixirs & Edibles, Pollen Gear LLC., among others. Some of the contempo developments in the marketplace are:

  • Sep 2021 - Light-green Rush Packaging announced the availability of Grip' North Lock cannabis boxes. These boxes come in default pocket-sized and big sizes and give the option to the client to get them customized. Furthermore, the Green Rush Packaging Grip' N Lock cannabis storage boxes are 16 CFR 1700 certified. The Gloss box finishes also add h2o resistance to the packaging and likewise prevent the box's print designs from fading.
  • April 2021 - Cannaline appear its new C-Course Jars. These jars are shorter and wider than the visitor'southward previous models, making it easier to stack and shop them. These C-Class jars come in all the essential sizes, from 2oz to 5 oz., and customers can purchase them in matte black, matte white, and articulate jars with lid options in matte or glossy black and matte or sleeky white lids.
KushCo Holdings Inc.,  JL Clarks Inc., Kaya Packaging, Cannaline Cannabis Packaging Solutions, Dymapak, Diamond Packaging,  Greenlane Holdings Inc., N2 Packaging Systems LLC, Green Rush Packaging, Elevate Packaging Inc.

Table of Contents

  1. one. INTRODUCTION

    1. 1.one Study Assumptions and Market Definition

    2. 1.2 Scope of the Report

  2. 2. Research METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS

    1. 4.one Market place Overview

    2. 4.2 Industry Attractiveness - Porter's 5 Forces Analysis

      1. 4.ii.1 Bargaining Power of Suppliers

      2. iv.2.2 Bargaining Power of Buyers

      3. 4.2.three Threat of New Entrants

      4. iv.2.4 Threat of Substitute Products

      5. 4.2.5 Intensity of Competitive Rivalry

    3. 4.3 Industry Value Chain Assay

    4. 4.4 Cess of the Impact of COVID-19 on the marketplace

  5. five. Market DYNAMICS

    1. v.one Marketplace Drivers

      1. 5.one.ane Rising Demand for Medical and Recreational Cannabis Products

      2. v.one.2 Legalization of Cannabis in Various North American Countries

    2. five.two Marketplace Restraints

      1. 5.2.1 Stringent Regulation Related to Cannabis Packaging

  6. 6. CANNABIS APPLICATIONS (QUALITATIVE ANALYSIS)

    1. 6.1 Medical

    2. vi.2 Recreational

  7. 7. MARKET SEGMENTATION

    1. 7.1 Past Type

      1. 7.1.1 Rigid Packaging

      2. 7.ane.2 Flexible Packaging

    2. vii.ii By Packaging Materials

      1. seven.2.1 Glass

      2. 7.2.ii Metal

      3. 7.ii.3 Plastics

      4. 7.two.4 Cardboard Containers

    3. 7.iii By Geography

      1. 7.3.1 N America

      2. seven.3.two Europe

      3. 7.3.iii Latin America

      4. 7.3.4 Rest of the World

  8. 8. Fundamental VENDOR PROFILES

    1. eight.1 KushCo Holdings Inc.

    2. viii.2 JL Clarks Inc.

    3. 8.3 Kaya Packaging

    4. viii.4 Cannaline Cannabis Packaging Solutions

    5. 8.5 Dymapak

    6. 8.half dozen Diamond Packaging

    7. 8.seven Greenlane Holdings Inc.

    8. 8.8 N2 Packaging Systems LLC

    9. viii.9 Green Rush Packaging

    10. 8.10 Elevate Packaging Inc.

    11. 8.11 Berry Global Inc.

  9. 9. INVESTMENT ANALYSIS

  10. 10. FUTURE OF THE MARKET

**Discipline to Availability

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Ofttimes Asked Questions

What is the study menses of this market?

The Global Cannabis Packaging Market marketplace is studied from 2019 - 2026.

What is the growth rate of Global Cannabis Packaging Marketplace?

The Global Cannabis Packaging Marketplace is growing at a CAGR of 24.3% over the adjacent v years.

Which region has highest growth rate in Global Cannabis Packaging Market?

N America is growing at the highest CAGR over 2021- 2026.

Which region has largest share in Global Cannabis Packaging Market?

North America holds highest share in 2021.

Who are the key players in Global Cannabis Packaging Market?

KushCo Holdings Inc., JL Clarks Inc., Kaya Packaging, Cannaline Cannabis Packaging Solutions, Berry Global Inc. are the major companies operating in Global Cannabis Packaging Market.

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Source: https://www.mordorintelligence.com/industry-reports/cannabis-packaging-market

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