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Cannabis Packaging Industry Is Expected to Reach Market value Around USD 20.41 Billion by 2025

2021-11-17
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 may differ based on its application area, such as medical and recreational. Generally, there are two types of packaging available—flexible and rigid. Moreover, manufacturers are also focusing on developing innovative protective packaging for cannabis.

It will project to further propel the cannabis packaging market over the forecast time period globally. 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.

The global cannabis packaging market is classified based on type and application. The type segment of the cannabis packaging market includes rigid packaging and flexible packaging. The rigid packaging segment is expected to contribute significantly to the global cannabis packaging in the future, owing to the extensive use of vials and bottles for medical cannabis packaging. Based on application, the global cannabis packaging includes medical, recreational, and others. The medical segment is anticipated to grow substantially over the forecast time period, owing to the rising cannabis demand for medicinal purposes in government authorized medical centers in countries where cannabis is legalized. Besides this, recreational use of cannabis in the U.S., Canada, and South Africa are estimated to grow the cannabis packaging market growth in the upcoming years.

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