Cannabis Packaging Market : Forthcoming Developments and Opportunities Insights
The global cannabis packaging market size is expected to reach USD 23.83 Billion in 2030 and register a revenue CAGR of 25.2% over the forecast period, according to a latest report by Reports and Data. Legalization of marijuana and rising demand for medical and recreational cannabis products is expected to drive market revenue growth during the forecast period. Increasing global awareness about the medicinal properties of cannabis along with other utilities has led to legalization and decriminalization of cannabis in various countries. Colorado and Washington’s state became the first states in North America to legalize marijuana for recreational purposes. Similarly, possession and consumption of marijuana is legal in various countries in Europe. This has led to introduction of number of new cannabis products which includes not only medicinal products but also cannabis products for recreational purposes. Packaging keeps the product fresh and provides valuable informati...