The cannabis packaging market has undergone significant growth, and various companies in many segments have recently launched recyclable packaging — such as metal cans, compostable cellophane bags and compostable pouches. Product marketing through packaging should be a focus, but meeting local and federal laws is critical for success.
According to Research and Markets (researchandmarkets.com), the cannabis packaging market in North America alone is expected to grow at a CAGR of 10.40 percent until 2021, reaching $8900 million in 2021. Legalization is bringing new users to the market. As well, the popularity of alternative ingestion techniques, such as topical sprays and edibles, are fueling the market’s growth.