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, Bl...