Market Overview:
The global cannabis packaging equipment market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the legalization of cannabis for medical and recreational use in various countries across the globe. Additionally, the increasing demand for cannabis-infused products is also contributing to the growth of this market. The global cannabis packaging equipment market can be segmented on the basis of type into automatic and semi-automatic packaging equipment. The automatic segment is expected to grow at a higher CAGR during the forecast period as it offers high efficiency and accuracy while packaging products. On the basis of application, this market can be divided into medical use, recreational use, and others (including industrial applications). The medical use segment is anticipated to witness highest growth during 2018–2030 owing to rising awareness about therapeutic benefits offered by cannabinoids.
Product Definition:
Cannabis packaging equipment is used to package cannabis products for sale. It can include machines that seal bags or boxes, label products, and apply security stickers. The importance of cannabis packaging equipment is that it protects the product and ensures its quality.
Automatic:
The global automatic packaging equipment market is expected to witness significant growth over the forecast period. The growth of this market can be attributed to factors such as growing demand for cannabis, changing consumer preferences towards convenient and easy-to-use products, and increasing competition in the industry.
Automatic packaging equipment are used for wrapping marijuana cigarettes or joints in order to protect them from damage caused by moisture or external conditions.
Semi-automatic:
Semi-automatic is a type of packaging equipment that requires manual intervention during the process but can be fully automated with time. The cannabis packaging market has witnessed significant growth over the past few years owing to increasing legalization and decriminalization in various countries. Growing demand for marijuana, both medically and commercially, coupled with favorable government regulations pertaining to product transportation & storage are expected to drive semi-automatic machinery demand over the forecast period.
Application Insights:
The others application segment accounted for the largest revenue share in 2017 and is anticipated to witness significant growth over the forecast period. This can be attributed to growing acceptance of cannabis across various applications including medical use, recreational use, and industrial uses such as fiber production. Moreover, increasing government initiatives toward legalization are further expected to drive demand for packaging solutions in this segment over the coming years.
Medical use was one of the early adopters of cannabis packaging solutions owing to its high importance and prevalence across various countries worldwide due to its medicinal benefits. The rapid growth of MMJ/MMPS industry has led many manufacturers into adopting automated systems due to regulatory requirements that require product labels with each unit dosage information which is driving demand for machine-based solutions across this application segment globally.
Regional Analysis:
North America dominated the market in 2017 owing to the presence of prominent companies such as Hempfusion, Inc.; The Industrial Hemp Company; and Medical Marijuana Corp. The legalization of cannabis use for medical and recreational purposes is also a major factor driving regional growth. For instance, Canada legalized both marijuana cultivation and sales for recreational purposes in 2018. Thus, North America is expected to be one of the largest markets over the forecast period due to various factors such as increasing demand from U.S states where marijuana has been legalized or decriminalized for recreational uses, growing awareness about its medicinal benefits among consumers, rising number of R&D activities by universities & research institutes regarding cannabidiol (CBD) oil or cannabis plant-derived products etc.
Growth Factors:
- Increasing demand for cannabis products due to its medicinal properties
- Growing legalization of cannabis for recreational and medical use
- Rising number of dispensaries and pharmacies stocking cannabis products
- Proliferation of smokeless cannabis consumption methods such as vape pens, edibles, etc.
- Increasing investments in research and development of innovative packaging technologies
Scope Of The Report
Report Attributes
Report Details
Report Title
Cannabis Packaging Equipment Market Research Report
By Type
Automatic, Semi-automatic
By Application
Medical Use, Recreational Use, Others
By Companies
Cannabis Packaging Machinery, Dura-Pack, Paxiom, Canapa Solutions, ActionPac Scales and Automation, Ohlson Packaging, All-Fill Inc., Paxiom, Viking Masek Global Packaging, WeighPack Systems, Cannaline Cannabis Packaging Solution
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Cannabis Packaging Equipment Market Report Segments:
The global Cannabis Packaging Equipment market is segmented on the basis of:
Types
Automatic, Semi-automatic
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Medical Use, Recreational Use, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Cannabis Packaging Machinery
- Dura-Pack
- Paxiom
- Canapa Solutions
- ActionPac Scales and Automation
- Ohlson Packaging
- All-Fill Inc.
- Paxiom
- Viking Masek Global Packaging
- WeighPack Systems
- Cannaline Cannabis Packaging Solution
Highlights of The Cannabis Packaging Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Automatic
- Semi-automatic
- By Application:
- Medical Use
- Recreational Use
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Cannabis Packaging Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Cannabis packaging equipment is any machinery or devices used to package and protect cannabis products. This can include things like vacuum sealers, heat seals, tamper evident labels, and child-resistant closures.
Some of the major players in the cannabis packaging equipment market are Cannabis Packaging Machinery, Dura-Pack, Paxiom, Canapa Solutions, ActionPac Scales and Automation, Ohlson Packaging, All-Fill Inc., Paxiom, Viking Masek Global Packaging, WeighPack Systems, Cannaline Cannabis Packaging Solution.
The cannabis packaging equipment market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cannabis Packaging Equipment Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Cannabis Packaging Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cannabis Packaging Equipment Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Cannabis Packaging Equipment Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Cannabis Packaging Equipment Market Size & Forecast, 2020-2028
4.5.1 Cannabis Packaging Equipment Market Size and Y-o-Y Growth
4.5.2 Cannabis Packaging Equipment Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Automatic
5.2.2 Semi-automatic
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Medical Use
6.2.2 Recreational Use
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cannabis Packaging Equipment Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Cannabis Packaging Equipment Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Automatic
9.6.2 Semi-automatic
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Medical Use
9.10.2 Recreational Use
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Automatic
10.6.2 Semi-automatic
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Medical Use
10.10.2 Recreational Use
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Automatic
11.6.2 Semi-automatic
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Medical Use
11.10.2 Recreational Use
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Automatic
12.6.2 Semi-automatic
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Medical Use
12.10.2 Recreational Use
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Automatic
13.6.2 Semi-automatic
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Medical Use
13.10.2 Recreational Use
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Cannabis Packaging Equipment Market: Competitive Dashboard
14.2 Global Cannabis Packaging Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Cannabis Packaging Machinery
14.3.2 Dura-Pack
14.3.3 Paxiom
14.3.4 Canapa Solutions
14.3.5 ActionPac Scales and Automation
14.3.6 Ohlson Packaging
14.3.7 All-Fill Inc.
14.3.8 Paxiom
14.3.9 Viking Masek Global Packaging
14.3.10 WeighPack Systems
14.3.11 Cannaline Cannabis Packaging Solution
