The cannabis packaging market will grow from USD 3.49 billion in 2025 to USD 22.10 billion by 2034, at a CAGR of 22.74% during the forecast period.
New Advancements in Cannabis Packaging Industry
- In June 2024, Grove Bags, a company that manufactures and produce U.S. made cannabis packaging powered using TerpLoc technology revealed the introduction of the ExIce, a sustainable and eco-friendly storage solution engineered to meet the challenges of preserving fresh frozen cannabis.
- In April, 2024, Pure Sunfarms Corp., a company focused on cannabis products based in Canada and wholly owned subsidiary of Village Farms International, Inc., unveiled the launch of the Hi-Def Pre-Rolls, with Tetrahydrocannabinol(THC) content between 36-44%. According to data published by the Pure Sunfarms Corp. company, in 2023, customers preferences shifted towards pre-rolls, capturing 31% of total sales (increasing 31% year-over-year). Pure Sunfarms currently sales two of the top most five selling non-infused pre-roll products (Pure Sunfarms Fraser Valley Weed Co – Big Red Pre-Rolls and Pink Kush).
Key Players in the Cannabis Packaging Market
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