According to Cognitive Market Research, the global Cannabis Packaging Material market size was USD 7154.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 38.20% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 2861.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 36.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 2146.26 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 1645.47 million in 2024 and will grow at a compound annual growth rate (CAGR) of 40.2% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 357.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 37.6% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 143.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 37.9% from 2024 to 2031.
The Rigid Packaging Material held the highest Cannabis Packaging Material market revenue share in 2024.
