Those products all need to be brought to market, of course, and the cannabis packaging market has blossomed in response. Now estimated to be expanding at a CAGR of more than 17%, the global cannabis packaging industry is expected to surpass $2.5 billion by 2032.
Done right, cannabis packaging enhances the consumer’s experience and creates brand loyalty. To remain one step ahead of your competition and grow market share, there are three trends to watch regarding your cannabis packaging decisions.
The Top 3 Cannabis Packaging Trends to Watch
1. Environmentally Friendly Solutions
Sustainability and environmental awareness are shaping consumer preferences like never before. Research shows that 77% of Americans are concerned about the environmental impact of the products they buy. This trend is especially strong among the youthful, socially conscious population now driving cannabis sales nationwide.
One environmental factor within the control of every cannabis producer is type of packaging used. In the spirit of “reduce, reuse and recycle,” there are a series of decision points for cannabis brands to consider.
Minimal Use of Raw Materials
The most environmentally sound use of any raw material is not to use it at all. Designs that reduce the amount of materials used (e.g., flexible packaging films, paperboard cartons, printed sales literature, etc.) automatically shrink the environmental footprint of bringing your product to market.
Efficiencies in the Supply Chain
Such minimization strategies generally have the added benefits of reduced weight and size. Less weight translates to less fuel consumed in the supply chain for shipment. Small, space-efficient packaging translates to fewer pallets to ship, fewer trucks needed to ship them, and less warehouse space that will be occupied.
There’s more to the environmental impact of a package design than meets the eye. At first glance, the classic renewable and recyclable paperboard carton would seem to be “greener” than plastic-derived flexible packaging. However, the film used for pouches generally consumes less energy and water to manufacture than paperboard. It’s lighter and more compact than a paperboard box, reducing fuel consumption in the supply chain. And, it has a higher product-to-package ratio – a key measure of sustainability in consumer products.
2. Smart Features
The advent of smartphone technology has expanded the role of product packaging forever. Much more than just a delivery vehicle, the package can now function as an interactive device and an inseparable component of the brand experience.