Authored By: Sarah
14 Oct 2024

Latest News: Cannabis Packaging Market in North America 2024-2028 - North America Leads Market Growth

The Cannabis Packaging Market in North America is segmented by Material (Glass, Metal, Plastics, and Cardboard containers), Type (Rigid packaging and Flexible packaging), and Geography (North America). As per the Global Forecast research report 2024-2028 published by Technavio, the market size is estimated to grow by USD 5.40 billion, at a CAGR of 35.11% during the forecast period. There are several companies that are contributing to the market as per this report.  

By Material, the Glass segment is projected to dominate the market size in 2024

The glass packaging segment refers to the use of glass containers for storing and packaging cannabis products. One of the key benefits of glass packaging is its ability to preserve the quality and freshness of cannabis. Glass containers are impermeable to water, which helps maintain the product's original properties by preventing aroma and flavor from escaping and keeping contaminants out.

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Why is Rigid Packaging forecasted to hold the largest regional market size in 2024?

By Type, Rigid Packaging is expected to have the largest market size in 2024. The cause can be accounted to its property of sturdiness. Cannabis products are commonly packaged in these materials to safeguard and preserve their quality over time. Innovations in materials, design, and functionality drive the development of unique packaging solutions that cater to customer preferences and meet regulatory standards. As the cannabis industry expands, the rigid packaging segment is anticipated to be crucial in ensuring product safety, integrity, and attractiveness, thereby contributing to market growth during the forecast period.

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Research Analysis Overview

The Cannabis packaging market in North America is experiencing significant growth due to the increasing popularity of Cannabis products, including edibles and flower, for both recreational and medicinal use. As the demand for Cannabis products continues to rise, the focus on proper labeling, dosage control, and product safety has become a top priority. For medicinal marijuana users, dose information and product labeling are crucial for effective treatment of conditions like Dravet syndrome and Lennox Gastaut syndrome. Dosage control and product formats vary, from Marinol's traditional oral solution to CBD infused products in various forms. The Cannabis packaging industry is innovating with sustainable packaging materials, tamper evident features, and child resistant closures to ensure product security and safety. Cannabis retailers and producers are collaborating to provide product information transparency and meet regulatory requirements. The market for Cannabis packaging is expected to grow as the industry continues to evolve, with a focus on creating innovative designs that cater to the unique needs of Cannabis consumers.

Market Research Overview

The North American cannabis packaging market is characterized by a fragmented landscape, encompassing various tiers in the value chain. This comprises raw material suppliers, metal container manufacturers utilizing steel, aluminum, and tin, glass container producers with borosilicate, neutral glass, soda-lime-silica glass, treated soda-lime glass, de-alkalized soda-lime glass, and regular soda-lime glass, and plastic container manufacturers specializing in high-density polyethylene (HDPE), low-density polyethylene (LDPE), polyethylene terephthalate (PET), polypropylene (PP), and polyvinyl chloride (PVC). The process begins with raw material procurement, followed by research and development to create the desired product, large-scale manufacturing to cater to market demands, and culminating in distribution through multiple channels to end-users.

The Cannabis Packaging Market in North America is experiencing significant growth, fueled by the legalization of cannabis in north america. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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