Freedonia In The News

Article Title: Cannabis product packaging set to grow 31% per year to 2024
By: Anne Marie Mohan
Publication: Packaging World, 10/16/2019
Freedonia Study: Cannabis Packaging Opportunities (3773)

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Demand for cannabis product packaging is anticipated to reach $278 million in 2019, increasing 31% per year to $1.1 billion in 2024. That’s according to a new study from The Freedonia Group, “Cannabis Packaging Opportunities,” which notes that primary and secondary containers, including jars, bottles, and folding cartons, will continue to account for the largest share of packaging demand at 62% of sales in 2024. These containers account for the bulk of unit packaging costs, as they must meet government regulations while also offering aesthetic and performance advantages.
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Article Title: Packaging That Differentiates CBD Brands
By: Joanna Cosgrove
Publication: Beauty Packaging, 2/5/2020
Freedonia Study: Cannabis Packaging Opportunities (3773)

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“The rapidly expanding legality of hemp in the U.S. is clearing the way for a range of popular new cannabis-infused products, including CBD cosmetics, toiletries and other topical products such as bath bombs whose earthy, healthful image and perceived health benefits can fetch higher prices at retail than their standard-ingredient counterparts,” says Peter Kusnic, Freedonia analyst. “Due to their wide use for lotions and colognes/perfumes, the best packaging opportunities will be for bottles and jars— particularly products made of higher-end materials such as glass or ceramic that can impart an upscale apothecary image to products, that justifies higher price points.”
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