U.S. Cannabis Packaging Market expected to reach USD 9.3 billion by 2030

 U.S. Cannabis Packaging Industry Overview

The U.S. cannabis packaging market size is expected to reach USD 9.3 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 30.6% over the forecast period. Cannabis is the most consumed drug other than alcohol and tobacco. According to the National Institute on Drug Abuse, more than 11.8 million young adults reported consumption of marijuana in 2018. The growing support of U.S. citizens for the use of medical cannabis will also fuel the market growth. With the rising popularity of vaping devices, teens have started vaping THC and nearly 4.0% of 12th graders respond they vape THC on daily basis.


U.S. Cannabis Packaging Market Segmentation

Grand View Research has segmented the U.S. cannabis packaging market on the basis of material, product, and application:


Based on the Product Insights, the market is segmented into Bottles & Jars, Tubes, Tins, Pouches, Blisters & Clamshells Others

  • The bottles & jars segment dominated the market with a revenue share of 46.3% in 2021 and the segment is projected to maintain its dominance throughout the forecast period. The availability of a wide range of products in this segment with a variety of sizes, shapes, quality, and transparency is supporting the segment's growth. The benefits associated with glass jar packaging are driving the market growth. The glass packagingis transparent, sustainable, inert, and 100% or infinitely recyclable, reusable, and refillable.
  • The glass used in the jars is crafted from high-grade, hygienic glass and is available with airtight caps. It’s a complete odor-resistant and moisture-resistant storage solution. The bottles are commonly used for cannabis extractlike oil packaging.


Based on the Material Insights, the market is segmented into Plastic, Metal, Glass, and Paper

  • The plasticssegment dominated the market and accounted for the largest revenue share of 52.7% in 2021 and the segment is also projected to maintain its dominance throughout the forecast period.
  • Continuous efforts by the manufacturers for more advanced and effective packaging solutions are supporting the market growth. Some of the widely accepted plastic material types across the market include High-density Polyethylene (HDPE), Low-density Polyethylene (LDPE), Polypropylene(PP), and Polyethylene Terephthalate (PET).


Based on the Application Insights, the market is segmented into Recreational Use and Medical Use

  • The recreational application segment is projected to experience the fastest CAGR of 34.8% over the forecast period. The U.S. government has started the legalization of the product for recreational usage, which has bolstered the demand for cannabis packaging for recreational purposes. 
  • The medical use segment emerged as the dominant application in the historic period from 2017 to 2019. The early legalization of cannabis for medical usage in major U.S. states like California, Colorado, Florida, and Washington was supporting the dominance.

 

Key Companies Profile & Market Share Insights

The companies are working on their product offerings to appeal to the target audience respective to the specific applications. The packaging manufacturers are offering customization as per the client requirement associated with the quantity and design of the final solution.

 Some of the prominent players in the U.S. cannabis packaging market include:

  • Berry Global Inc.
  • KushCo Holdings Inc.
  • L. CLARK
  • IMPAK Corp.
  • Pollen Gear
  • Cannaline Cannabis Packaging Solutions
  • N2 Packaging Systems, LLC
  • Green Rush Packaging
  • Norkol Packaging LLC
  • MMC DEPOT

 

Order a free sample PDF of the U.S. Cannabis Packaging Market Intelligence Study, published by Grand View Research.

 

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