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The cannabis packaging market size is forecast to increase by USD 12.18 billion at a CAGR of 35.11% between 2023 and 2028. The market is experiencing significant growth due to several key factors. One of the primary drivers is the increasing prevalence of epilepsy conditions such as Lennox-Gastaut syndrome and Dravet syndrome, for which cannabis is an effective treatment. As a result, there is a rising demand for packaging solutions that ensure the safety and efficacy of cannabis products. Additionally, market trends include the adoption of advanced packaging materials like metal, plastic, and glass to enhance product protection and extend shelf life. Furthermore, the emergence of smart packaging technology is gaining traction, offering features such as child-resistant designs and real-time product monitoring. However, fluctuations in raw material prices pose a challenge to market growth. To stay competitive, manufacturers must carefully manage costs and explore alternative sourcing options.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Material
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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