Cannabis Packaging Market Updates

Global Cannabis Packaging Market size was valued at USD 2,239.57 million in 2023 and is poised to grow from USD 2747.95 million in 2024 to USD 14117.76 million by 2032, growing at a CAGR of 22.7% in the forecast period (2025-2032).

The competitive landscape of the global cannabis packaging industry is marked by the presence of established players and emerging companies striving to cater to the growing demand for innovative and compliant packaging solutions. Key players such as KushCo Holdings, Greenlane Holdings, Cannaline, N2 Packaging Systems, and Berry Global Inc. dominate the market with diverse portfolios that include child-resistant, sustainable, and customizable packaging options. 'Cannaline Cannabis Packaging Solutions', 'Dymapak', 'Diamond Packaging', 'N2 Packaging Systems LLC', 'Green Rush Packaging', 'Elevate Packaging', 'Berry Global Inc.', 'RXD Co', 'MMC Depot', 'Norkol Packaging LLC (Grow Cargo)', 'CurTec Nederland B.V.', 'IMPAK CORPORATION', 'Origin Pharma Packaging', 'SANNER', 'Guangdong Bowe Packaging Co., Ltd.', 'Seidel GmbH & Co. KG', 'Amcor Plc', 'GPA Global'

The legalization of cannabis for both recreational and medical use in various countries is a major factor driving the global cannabis packaging market growth. As of 2022, cannabis had been legalized in many parts of North America, South America and Europe. Countries like Canada, Mexico, Uruguay, parts of the U.S., Portugal, Spain, Italy, Croatia, and others have allowed the use of cannabis to some extent.

Growth of Cannabis E-Commerce Platforms: Many countries, where cannabis is legal, have also allowed online sales of cannabis products in recent years. This has led to proliferation of cannabis e-retailers and online dispensaries dedicated to cannabis and CBD products. These require packaging suitable for shipping cannabis products safely without damage. Discreet and secure delivery packaging solutions are gaining traction. E-commerce sales also mean wider reach for cannabis brands, necessitating higher volumes of quality packaging. The expansion of e-commerce is expected to drive the market growth.

The cannabis packaging market in North America accounted for the largest revenue share of over 69.8% in 2024. The cannabis packaging market growth can be attributed to the increased legalization of consumption and selling of cannabis for medical and recreational purposes in North America. The cannabis packaging market is expected to register substantial growth, driven primarily by the increasing legalization of recreational cannabis usage and cannabis-based products across different states, such as Colorado, Washington, California, and Oregon. The evolving legal landscape is a crucial factor influencing the market. For instance, in May 2023, the Governor of Minnesota signed a bill legalizing adult-use cannabis in the state.