Cannabis Packaging Market by TypeNovember 9, 2019
Global cannabis packaging market expected to reach USD 20.41 billion by 2025, at a CAGR of 7.1% between 2019 and 2025. The packaging of cannabis is the most crucial process owing to various regulations imposed by the governments of different countries across the globe.
The packaging of cannabis is the most crucial process owing to various regulations imposed by the governments of different countries across the globe. According to these strict regulations, the packaging of cannabis products should have a single and uniform color, with a standardized font style.
The global cannabis packaging market is expected to register notable growth in the next few years, owing to the rising demand for medical and recreational cannabis products. Moreover, the legalization of cannabis in various countries of North America is another major factor driving the global cannabis packaging market. However, the stringent regulation related to cannabis packaging may hamper the market growth of cannabis packaging in the future globally. Alternatively, the rising demand for cannabis for medical use and edible products is projected to offer new growth opportunities in the global cannabis packaging market in the upcoming years.