U.S. Cannabis Packaging Market Size, Share & Trends Analysis Report By Material (Plastic, Paper), By Product (Bottles & Jars, Blisters & Clamshells), By Application (Recreational, Medical), And Segment Forecasts, 2022 - 2030
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U.S. Cannabis Packaging Market Growth & Trends
The U.S. cannabis packaging market size is expected to reach USD 9.3 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 30.6% over the forecast period. Cannabis is the most consumed drug other than alcohol and tobacco. According to the National Institute on Drug Abuse, more than 11.8 million young adults reported consumption of marijuana in 2018. The growing support of U.S. citizens for the use of medical cannabis will also fuel the market growth. With the rising popularity of vaping devices, teens have started vaping THC and nearly 4.0% of 12th graders respond they vape THC on daily basis.
These numbers are projected to increase in the future along with the legalization of marijuana for medical use or adult recreational use in U.S. states including Colorado, Washington, Alaska, Oregon, Washington, D.C., California, Maine, Massachusetts, Nevada, Michigan, Vermont, Guam, Illinois, Arizona, Montana, New Jersey, New York, Virginia, New Mexico, and Connecticut. The states have different rules and regulations for the use and possession of cannabis. For instance, in Colorado, retail purchases of cannabis at licensed dispensaries are subject to standard sales tax, plus an additional 10.0% marijuana sales tax. In addition, a 15.0% excise tax is applied to the wholesale price of retail marijuana, which is the price that businesses of Colorado pay to cultivators.
These rules and regulations vary as per the state governments in the U.S. In Washington, retail sales of cannabis at licensed dispensaries are subject to an excise tax of 37%. In California, there is a 15.0% excise tax and a standard state sales tax on retail sales of cannabis at licensed dispensaries. In Massachusetts, sales at licensed dispensaries are subject to standard state sales tax and a state excise tax of 10.7% as well as towns and cities can also impose up to a 3.0% tax on marijuana sales. The players are offering products as per the rules and regulations by the government for the possession and use of cannabis products.
These also decide the packaging product size as some markets have legal possession of cannabis for an adult up to 5 ounces, for instance, and some have permission for the possession of 10 ounces. Thus, the packaging differs as per the legalized sales in the U.S. states. The packaging manufacturers are effectively looking into it and developing products as per the state’s requirements. This is projected to support the growth of the market over the forecast timeframe. Furthermore, the growing legalization of retail sales of cannabis in the U.S. states is a major factor driving the demand for packaging solutions.
U.S. Cannabis Packaging Market Report Highlights
U.S. Cannabis Packaging Market Growth & Trends
The U.S. cannabis packaging market size is expected to reach USD 9.3 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 30.6% over the forecast period. Cannabis is the most consumed drug other than alcohol and tobacco. According to the National Institute on Drug Abuse, more than 11.8 million young adults reported consumption of marijuana in 2018. The growing support of U.S. citizens for the use of medical cannabis will also fuel the market growth. With the rising popularity of vaping devices, teens have started vaping THC and nearly 4.0% of 12th graders respond they vape THC on daily basis.
These numbers are projected to increase in the future along with the legalization of marijuana for medical use or adult recreational use in U.S. states including Colorado, Washington, Alaska, Oregon, Washington, D.C., California, Maine, Massachusetts, Nevada, Michigan, Vermont, Guam, Illinois, Arizona, Montana, New Jersey, New York, Virginia, New Mexico, and Connecticut. The states have different rules and regulations for the use and possession of cannabis. For instance, in Colorado, retail purchases of cannabis at licensed dispensaries are subject to standard sales tax, plus an additional 10.0% marijuana sales tax. In addition, a 15.0% excise tax is applied to the wholesale price of retail marijuana, which is the price that businesses of Colorado pay to cultivators.
These rules and regulations vary as per the state governments in the U.S. In Washington, retail sales of cannabis at licensed dispensaries are subject to an excise tax of 37%. In California, there is a 15.0% excise tax and a standard state sales tax on retail sales of cannabis at licensed dispensaries. In Massachusetts, sales at licensed dispensaries are subject to standard state sales tax and a state excise tax of 10.7% as well as towns and cities can also impose up to a 3.0% tax on marijuana sales. The players are offering products as per the rules and regulations by the government for the possession and use of cannabis products.
These also decide the packaging product size as some markets have legal possession of cannabis for an adult up to 5 ounces, for instance, and some have permission for the possession of 10 ounces. Thus, the packaging differs as per the legalized sales in the U.S. states. The packaging manufacturers are effectively looking into it and developing products as per the state’s requirements. This is projected to support the growth of the market over the forecast timeframe. Furthermore, the growing legalization of retail sales of cannabis in the U.S. states is a major factor driving the demand for packaging solutions.
U.S. Cannabis Packaging Market Report Highlights
- On the basis of material, the plastic segment accounted for the highest market share in 2021 owing to extensive consumption of plastics in packaging products like jars, pouches, vials, containers, and thermoformed blisters and clamshells due to structural benefits and cost-effectiveness
- The bottles and jars segment accounted for the highest revenue share in 2021 and is expected to maintain the leading position throughout the forecast period. The availability of bottles and jars in wide varieties inclusive of size, shape, and quality among others is supporting the segment growth. The dried cannabis and cannabis extract is packaged in such bottles & jars
- The recreational use of cannabis packaging is expected to expand at a significant CAGR during the forecast period. The increasing demand for cannabis products among the adult population is primarily supporting the segment growth. In addition, the growing legalization of cannabis for recreational usage in more states of the country is driving the segment
- Key players are increasingly focusing on R&D activities, product development, and branding & marketing activities. Moreover, manufacturers are also focusing on advanced manufacturing machinery, raw material procurement, regulatory approvals, and certifications
- The strict rules and regulations by the governments on product selling and labeling is a factor projected to limit the market growth to an extent over the forecast period
CHAPTER 1. METHODOLOGY AND SCOPE
1.1. Market Segmentation & Scope
1.2. Research Methodology
1.3. Assumptions
1.4. Information Procurement
1.4.1. Purchased Database
1.4.2. GVR’s Internal Database
1.4.3. Secondary Sources & Third-Party Perspectives
1.4.4. Primary Research
1.5. Information Analysis
1.5.1. Data Analysis Models
1.6. Market Formulation & Data Visualization
1.7. List of Data Sources
CHAPTER 2. EXECUTIVE SUMMARY
2.1. Market Insights
2.2. Segmental Insights
2.3. Competitive Outlook
CHAPTER 3. U.S. CANNABIS PACKAGING MARKET VARIABLES, TRENDS & SCOPE
3.1. Market Lineage Outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Raw Material Trends
3.3.2. Procurement Best Practices
3.3.3. Manufacturing Trends
3.3.4. Technology Trends
3.4. Regulatory Framework
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.5.3. Industry Challenges
3.6. Business Environment Analysis
3.6.1. Industry Analysis - Porter’s
3.6.1.1. Supplier Power
3.6.1.2. Buyer Power
3.6.1.3. Substitution Threat
3.6.1.4. Threat from New Entrant
3.6.1.5. Competitive Rivalry
3.7. Political Landscape
3.7.1.1. Economic Landscape
3.7.1.2. Social Landscape
3.7.1.3. Technology Landscape
3.7.1.4. Environmental Landscape
3.7.1.5. Legal Landscape
3.8. Market Strategies
3.9. Covid-19 Impact Analysis
CHAPTER 4. U.S. CANNABIS PACKAGING MARKET : MATERIAL ESTIMATES & TREND ANALYSIS
4.1. Definition & Scope
4.2. Material Movement Analysis & Market Share, 2021 & 2030
4.3. Plastic Food service disposable
4.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
4.4. Plastic
4.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
4.5. Metal
4.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
4.6. Glass
4.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
4.7. Paper
4.7.1. Market estimates and forecast, 2017 - 2030 (USD Million)
CHAPTER 5. U.S. CANNABIS PACKAGING MARKET : PRODUCT ESTIMATES & TREND ANALYSIS
5.1. Definition & Scope
5.2. Packaging Type Movement Analysis & Market Share, 2021 & 2030
5.3. Bottles & Jars
5.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
5.4. Tubes
5.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
5.5. Tins
5.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
5.6. Pouches
5.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
5.7. Blisters & Clamshells
5.7.1. Market estimates and forecast, 2017 - 2030 (USD Million)
5.8. Others
5.8.1. Market estimates and forecast, 2017 - 2030 (USD Million)
CHAPTER 6. U.S. CANNABIS PACKAGING MARKET : APPLICATION ESTIMATES & TREND ANALYSIS
6.1. Definition & Scope
6.2. Application Movement Analysis & Market Share, 2021 & 2030
6.3. Recreational Use
6.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.4. Medical Use
6.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
CHAPTER 7. COMPETITIVE ANALYSIS
7.1. Key North America players, recent developments & their impact on the industry
7.2. Key North America Players, Their Initiatives, & Its Impact on the Market
7.2.1. Key Company/Competition Categorization
7.2.2. Vendor Landscape
7.2.2.1. List of Key Distributors & Channel Partners
7.2.2.2. Key Customers
7.2.3. Public Companies
7.2.3.1. Company Market Position Analysis
7.2.3.2. Company Market Share/Ranking
7.2.3.3. Competitive Dashboard Analysis
7.2.3.3.1. Market Differentiators
7.2.3.3.2. SWOT Analysis
7.2.4. Private Companies
7.2.4.1. Key Emerging Companies
7.2.4.2. Geographical Presence
7.2.4.3. Company Market Position Analysis
CHAPTER 8. COMPANY PROFILES
8.1. Berry Global Inc.
8.1.1. Company Overview
8.1.2. Financial Performance
8.1.3. Product Benchmarking
8.1.4. Strategic Initiatives
8.2. KushCo Holdings Inc.
8.2.1. Company Overview
8.2.2. Financial Performance
8.2.3. Product Benchmarking
8.2.4. Strategic Initiatives
8.3. J.L. CLARK
8.3.1. Company Overview
8.3.2. Financial Performance
8.3.3. Product Benchmarking
8.3.4. Strategic Initiatives
8.4. IMPAK Corporation
8.4.1. Company Overview
8.4.2. Financial Performance
8.4.3. Product Benchmarking
8.4.4. Strategic Initiatives
8.5. Pollen Gear
8.5.1. Company Overview
8.5.2. Financial Performance
8.5.3. Product Benchmarking
8.5.4. Strategic Initiatives
8.6. Cannaline Cannabis Packaging Solutions
8.6.1. Company Overview
8.6.2. Financial Performance
8.6.3. Product Benchmarking
8.6.4. Strategic Initiatives
8.7. N2 Packaging Systems, LLC
8.7.1. Company Overview
8.7.2. Financial Performance
8.7.3. Product Benchmarking
8.7.4. Strategic Initiatives
8.8. Green Rush Packaging
8.8.1. Company Overview
8.8.2. Financial Performance
8.8.3. Product Benchmarking
8.8.4. Strategic Initiatives
8.9. Norkol Packaging LLC (Grow Cargo)
8.9.1. Company Overview
8.9.2. Financial Performance
8.9.3. Product Benchmarking
8.9.4. Strategic Initiatives
8.10. MMC DEPOT
8.10.1. Company Overview
8.10.2. Financial Performance
8.10.3. Product Benchmarking
8.10.4. Strategic Initiatives
1.1. Market Segmentation & Scope
1.2. Research Methodology
1.3. Assumptions
1.4. Information Procurement
1.4.1. Purchased Database
1.4.2. GVR’s Internal Database
1.4.3. Secondary Sources & Third-Party Perspectives
1.4.4. Primary Research
1.5. Information Analysis
1.5.1. Data Analysis Models
1.6. Market Formulation & Data Visualization
1.7. List of Data Sources
CHAPTER 2. EXECUTIVE SUMMARY
2.1. Market Insights
2.2. Segmental Insights
2.3. Competitive Outlook
CHAPTER 3. U.S. CANNABIS PACKAGING MARKET VARIABLES, TRENDS & SCOPE
3.1. Market Lineage Outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Raw Material Trends
3.3.2. Procurement Best Practices
3.3.3. Manufacturing Trends
3.3.4. Technology Trends
3.4. Regulatory Framework
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.5.3. Industry Challenges
3.6. Business Environment Analysis
3.6.1. Industry Analysis - Porter’s
3.6.1.1. Supplier Power
3.6.1.2. Buyer Power
3.6.1.3. Substitution Threat
3.6.1.4. Threat from New Entrant
3.6.1.5. Competitive Rivalry
3.7. Political Landscape
3.7.1.1. Economic Landscape
3.7.1.2. Social Landscape
3.7.1.3. Technology Landscape
3.7.1.4. Environmental Landscape
3.7.1.5. Legal Landscape
3.8. Market Strategies
3.9. Covid-19 Impact Analysis
CHAPTER 4. U.S. CANNABIS PACKAGING MARKET : MATERIAL ESTIMATES & TREND ANALYSIS
4.1. Definition & Scope
4.2. Material Movement Analysis & Market Share, 2021 & 2030
4.3. Plastic Food service disposable
4.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
4.4. Plastic
4.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
4.5. Metal
4.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
4.6. Glass
4.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
4.7. Paper
4.7.1. Market estimates and forecast, 2017 - 2030 (USD Million)
CHAPTER 5. U.S. CANNABIS PACKAGING MARKET : PRODUCT ESTIMATES & TREND ANALYSIS
5.1. Definition & Scope
5.2. Packaging Type Movement Analysis & Market Share, 2021 & 2030
5.3. Bottles & Jars
5.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
5.4. Tubes
5.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
5.5. Tins
5.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
5.6. Pouches
5.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
5.7. Blisters & Clamshells
5.7.1. Market estimates and forecast, 2017 - 2030 (USD Million)
5.8. Others
5.8.1. Market estimates and forecast, 2017 - 2030 (USD Million)
CHAPTER 6. U.S. CANNABIS PACKAGING MARKET : APPLICATION ESTIMATES & TREND ANALYSIS
6.1. Definition & Scope
6.2. Application Movement Analysis & Market Share, 2021 & 2030
6.3. Recreational Use
6.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.4. Medical Use
6.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
CHAPTER 7. COMPETITIVE ANALYSIS
7.1. Key North America players, recent developments & their impact on the industry
7.2. Key North America Players, Their Initiatives, & Its Impact on the Market
7.2.1. Key Company/Competition Categorization
7.2.2. Vendor Landscape
7.2.2.1. List of Key Distributors & Channel Partners
7.2.2.2. Key Customers
7.2.3. Public Companies
7.2.3.1. Company Market Position Analysis
7.2.3.2. Company Market Share/Ranking
7.2.3.3. Competitive Dashboard Analysis
7.2.3.3.1. Market Differentiators
7.2.3.3.2. SWOT Analysis
7.2.4. Private Companies
7.2.4.1. Key Emerging Companies
7.2.4.2. Geographical Presence
7.2.4.3. Company Market Position Analysis
CHAPTER 8. COMPANY PROFILES
8.1. Berry Global Inc.
8.1.1. Company Overview
8.1.2. Financial Performance
8.1.3. Product Benchmarking
8.1.4. Strategic Initiatives
8.2. KushCo Holdings Inc.
8.2.1. Company Overview
8.2.2. Financial Performance
8.2.3. Product Benchmarking
8.2.4. Strategic Initiatives
8.3. J.L. CLARK
8.3.1. Company Overview
8.3.2. Financial Performance
8.3.3. Product Benchmarking
8.3.4. Strategic Initiatives
8.4. IMPAK Corporation
8.4.1. Company Overview
8.4.2. Financial Performance
8.4.3. Product Benchmarking
8.4.4. Strategic Initiatives
8.5. Pollen Gear
8.5.1. Company Overview
8.5.2. Financial Performance
8.5.3. Product Benchmarking
8.5.4. Strategic Initiatives
8.6. Cannaline Cannabis Packaging Solutions
8.6.1. Company Overview
8.6.2. Financial Performance
8.6.3. Product Benchmarking
8.6.4. Strategic Initiatives
8.7. N2 Packaging Systems, LLC
8.7.1. Company Overview
8.7.2. Financial Performance
8.7.3. Product Benchmarking
8.7.4. Strategic Initiatives
8.8. Green Rush Packaging
8.8.1. Company Overview
8.8.2. Financial Performance
8.8.3. Product Benchmarking
8.8.4. Strategic Initiatives
8.9. Norkol Packaging LLC (Grow Cargo)
8.9.1. Company Overview
8.9.2. Financial Performance
8.9.3. Product Benchmarking
8.9.4. Strategic Initiatives
8.10. MMC DEPOT
8.10.1. Company Overview
8.10.2. Financial Performance
8.10.3. Product Benchmarking
8.10.4. Strategic Initiatives
LIST OF TABLES
Table 1 U.S. Cannabis Packaging Market by Plastic, 2017 - 2030 (USD Million)
Table 2 U.S. Cannabis Packaging Market by Metal, 2017 - 2030 (USD Million)
Table 3 U.S. Cannabis Packaging Market by Glass, 2017 - 2030 (USD Million)
Table 4 U.S. Cannabis Packaging Market by Paper, 2017 - 2030 (USD Million)
Table 5 U.S. Cannabis Packaging Market by Bottles & Jars, 2017 - 2030 (USD Million)
Table 6 U.S. Cannabis Packaging Market by Tubes, 2017 - 2030 (USD Million)
Table 7 U.S. Cannabis Packaging Market by Tins, 2017 - 2030 (USD Million)
Table 8 U.S. Cannabis Packaging Market by Pouches, 2017 - 2030 (USD Million)
Table 9 U.S. Cannabis Packaging Market by Blisters & clamshells, 2017 - 2030 (USD Million)
Table 10 U.S. Cannabis Packaging Market by Others, 2017 - 2030 (USD Million)
Table 11 U.S. Cannabis Packaging Market by Recreational Use, 2017 - 2030 (USD Million)
Table 12 U.S. Cannabis Packaging Market in Medical Use, 2017 - 2030 (USD Million)
Table 1 U.S. Cannabis Packaging Market by Plastic, 2017 - 2030 (USD Million)
Table 2 U.S. Cannabis Packaging Market by Metal, 2017 - 2030 (USD Million)
Table 3 U.S. Cannabis Packaging Market by Glass, 2017 - 2030 (USD Million)
Table 4 U.S. Cannabis Packaging Market by Paper, 2017 - 2030 (USD Million)
Table 5 U.S. Cannabis Packaging Market by Bottles & Jars, 2017 - 2030 (USD Million)
Table 6 U.S. Cannabis Packaging Market by Tubes, 2017 - 2030 (USD Million)
Table 7 U.S. Cannabis Packaging Market by Tins, 2017 - 2030 (USD Million)
Table 8 U.S. Cannabis Packaging Market by Pouches, 2017 - 2030 (USD Million)
Table 9 U.S. Cannabis Packaging Market by Blisters & clamshells, 2017 - 2030 (USD Million)
Table 10 U.S. Cannabis Packaging Market by Others, 2017 - 2030 (USD Million)
Table 11 U.S. Cannabis Packaging Market by Recreational Use, 2017 - 2030 (USD Million)
Table 12 U.S. Cannabis Packaging Market in Medical Use, 2017 - 2030 (USD Million)
LIST OF FIGURES
Fig. 1 Information Procurement
Fig. 2 Primary Research Pattern
Fig. 3 Primary Research Process
Fig. 4 Primary Research Approaches
Fig. 5 Cannabis Packaging Market: Market Insights
Fig. 6 U.S. Cannabis Packaging Market: Segmental Insights
Fig. 7 U.S. Cannabis Packaging Market: Competitive Snapshot
Fig. 8 U.S. Cannabis Packaging Market: Penetration & Growth Prospect Mapping
Fig. 9 U.S. Cannabis Packaging Market: Value Chain Analysis
Fig. 10 U.S. Cannabis Packaging Market Sales Channel Analysis
Fig. 11 U.S. Cannabis Packaging Market: PORTER Analysis
Fig. 12 U.S. Cannabis Packaging Market: PESTEL Analysis
Fig. 13 U.S. Cannabis Packaging Market: Material movement analysis, 2022 & 2030 (%)
Fig. 14 U.S. Cannabis Packaging Market: Product movement analysis, 2022 & 2030 (%)
Fig. 15 U.S. Cannabis Packaging Market: Application movement analysis, 2022 & 2030 (%)
Fig. 16 Key Company/Competition Categorization
Fig. 17 Market Participant Categorization
Fig. 1 Information Procurement
Fig. 2 Primary Research Pattern
Fig. 3 Primary Research Process
Fig. 4 Primary Research Approaches
Fig. 5 Cannabis Packaging Market: Market Insights
Fig. 6 U.S. Cannabis Packaging Market: Segmental Insights
Fig. 7 U.S. Cannabis Packaging Market: Competitive Snapshot
Fig. 8 U.S. Cannabis Packaging Market: Penetration & Growth Prospect Mapping
Fig. 9 U.S. Cannabis Packaging Market: Value Chain Analysis
Fig. 10 U.S. Cannabis Packaging Market Sales Channel Analysis
Fig. 11 U.S. Cannabis Packaging Market: PORTER Analysis
Fig. 12 U.S. Cannabis Packaging Market: PESTEL Analysis
Fig. 13 U.S. Cannabis Packaging Market: Material movement analysis, 2022 & 2030 (%)
Fig. 14 U.S. Cannabis Packaging Market: Product movement analysis, 2022 & 2030 (%)
Fig. 15 U.S. Cannabis Packaging Market: Application movement analysis, 2022 & 2030 (%)
Fig. 16 Key Company/Competition Categorization
Fig. 17 Market Participant Categorization
