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Cannabis and CBD

The global cannabis and CBD market is characterized by its exponential growth and rapidly changing regulations. Recent industry reports project that the global market for cannabidiol (CBD) oil is expected to grow from approximately $965 million in 2020 to $5.3 billion by 2025 – a compound annual growth rate of 40%!

Consumers are interested in CBD products for their impressive benefits that range from pain relief to improved sleep and general relaxation, without any psychoactive effects. Innovative and exciting CBD products are emerging in a few major market sectors: food and beverage; personal care and beauty; and pharmaceutical, nutraceutical, and supplements. New legislation has also expanded the markets for medical and recreational cannabis containing THC.

Popular packaging options for CBD products include amber and dark glass bottles to protect the product’s integrity. These are often paired with a dropper closure to precisely dispense tinctures in the necessary dosage amounts. Other common packaging choices are glass and plastic jars, packers, pouches, tins, vials, tubes, fine mist sprayers, and beverage bottles. We also provide child resistant closures and pouches to ensure compliance with medical and recreational cannabis regulations.