Medical Marijuana Packaging Market Size By Material (Glass, Metal, Plastic, and Others), Type (Tubes, Jars & bottles, Solo, Tins, Clamshells and Blisters, Others), Distribution Channel (Online and Dispensaries), and Region - Market Share, Trend Analysis, Competitive Intelligence, Historical Data, and Forecast 2023 -2030
Market Perspective
The global Medical Marijuana Packaging Market size was worth around USD 568.98 million in 2022 and is expected to grow to around USD 1.35 billion by 2030 at a CAGR of around 11.62% between 2023 to 2030.
Medical marijuana has evolved remarkably over the years and its packaging plays an important role in this growth, as it has undergone its evolution from simple plastic bags to high-quality and impact-resistant packaging. The widespread demand for medical marijuana for therapeutic and medical procedures worldwide has expanded the medical marijuana packaging market growth. It includes childproof and tamper-proof packaging to protect against accidental use and maintain product quality, airtight and opaque packaging to maintain product strength and freshness, and accurate labeling with information such as dosage and tetrahydrocannabinol.
Vendors are launching products in compliance with local regulations and sustainability opportunities to address the environmental impact of packaging materials which accelerates the market growth. The development of the global medical marijuana packaging market is being fuelled by an increase in R&D spending to find safer methods of consuming marijuana, such as oils and tinctures. The market is expected to develop during the forecast period because of growing environmental concerns and rising consumer demand for recyclable packaging solutions.
Key Insights
- Based on the material, the glass segment held the dominating position with a market value of USD 223.93 million
- Based on type, the jars & bottles segment is expected to generate the largest share over the forecast period
- Based on distribution channel, the dispensaries segment has dominated the market share in 2022
- On the basis of the region, North America accounted largest market share of 85.78% in 2022
Increased Demand for Recyclable Packaging Solutions to Provide Lucrative Opportunities
The market vendors across the region are focusing on sustainability features of medical marijuana packaging to address concerns around the environmental impact of packaging materials augments the market growth. The increasing demand for recyclable packaging solutions is being driven by the growing awareness of environmental issues and the desire to reduce waste. Manufacturers and distributors are focusing on manufacturing biodegradable and recyclable packaging options for medical marijuana products.
The growing efforts of medical marijuana packaging market manufacturers to create innovative and sustainable packaging solutions are adding value to the growth of the global market. For instance, in September 2019, Hawaiian Ethos integrated sustainable practices into every aspect of its business model, especially packaging. The company is focusing on implementing compliant packaging while minimizing its environmental footprint. Manufacturers in the medical marijuana packaging market bring exponential growth opportunities as vendors are striving to provide end users with customized packaging solutions.
Concerns Related to Lengthy Product Approval Process to Restrict Market Growth
Medical marijuana consumption is experiencing growth along with governmental support by allowing the legal sales of medical and recreational cannabis products in the market. However, there may be some regulatory processes involved in obtaining marketing approval for medical marijuana products. The lengthy approval process is related to the import license and sales license which restricts the market growth.
In addition, some countries or states may have special regulations and requirements regarding medical marijuana packaging, particularly regarding child-proof packaging, accurate labeling, and durable packaging. Manufacturers and distributors need to follow local regulations and requirements to ensure compliance.
Recent Development
In January 2020: Origin Pharma Packaging launched packaging for the medical cannabis industry. The newly designed child-resistant jar has been created and is developing a range of packages to support this disruptive and exciting industry.
Segmentation Analysis
Based on material, the market is segmented into glass, metal, plastic, and others. The glass segment generated a dominating share of 39.75. Glass packaging is the dominating segment as it maintains gas & moisture barriers while also providing airtightness. The material used in the manufacture of glass packaging is also selected on the basis of hygienic and high-quality materials. Moreover, the odor-resistant properties of glass packaging have accelerated the growth of the market. In addition to this, the plastic segment is growing owing to the increased consumption by the packaging industry. The cost-effective features provided by the use of plastics for packaging have helped the market to record considerable revenue over the period.
Based on type, the market is segmented into tubes, jars & bottles, pouches, tins, clamshells, blisters, and others. The jars & bottles are the dominating segment owing to the availability of a wide range of products which maintains quality, and transparency which is supporting the segment's growth. Its characteristics accelerate the growth of the segment such as moisture and gas barrier to the packaged product.
Regional Landscape
North America is the Dominating Region Owing to the Widespread Adoption of Medical Marijuana
North America is the most dominating region with a market value of USD 488.05 million in 2022. The growth of the market in North America is expected to develop rapidly owing to the availability of sustainable packaging solutions. Manufacturers and distributors throughout the region are focusing on the latest developments and regulations in North America to ensure compliance with local requirements.
In the United States, for example, nearly a third of the population lives in areas with access to legal recreational marijuana, and nearly 70% of all states allow its medical use. These activities have allowed licensed hemp growers to grow and market hemp-based products, which has increased the demand for marijuana packaging solutions. The increasing legalization and regulation of the North America cannabis market have created several opportunities for the packaging industry to innovate to meet new demands.
Europe is the Fastest Growing Region Owing to the Rising Popularity of Environmentally Friendly Packaging Options
Europe was the second dominating region with a market value of USD 66.90 million in 2022. Increased government focus on encouraging the use of marijuana is proliferating the market growth across the region. The growing demand for legal medicinal marijuana products in places including France, Romania, and the Czech Republic, as well as growing awareness of the environmental impact of traditional packaging materials, accelerates the market growth. Moreover, the availability of sustainable and environmentally friendly packaging options, including biodegradable and recyclable packaging solutions, is therefore increasingly popular in the region.
Competitive Landscape
- Origin Pharma Packaging
- PakTech
- JOHNSBYRNE
- Cannaline Cannabis Packaging Solutions
- Green Rush Packaging
- Oceanworks
- Honest Marijuana Company
- Green Rush Packaging
- Maple Leaf Green World Inc.
The global medical marijuana packaging market is segmented as follows:
By Material
- Glass
- Metal
- Plastic
- Others
By Type
- Tubes
- Jars & bottles
- Solo
- Tins
- Clamshells & Blisters
- Others
By Distribution Channel
- Online
- Dispensaries
By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- GCC
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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Medical Marijuana Packaging Market Size By
- April-2023
- 148
- Global
- retail
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