End-of-line packaging using robotic pick-and-place is gaining acceptance as the go-to packaging system for the pharmaceutical and medical device industries — and the reasons are clear.
The cannabis packaging market has undergone significant growth, and various companies in many segments have recently launched recyclable packaging — such as metal cans, compostable cellophane bags and compostable pouches. Product marketing through packaging should be a focus, but meeting local and federal laws is critical for success.
With each passing year, the legalized cannabis industry grows as the stigma associated with it decreases. Ten states currently permit recreational marijuana, over 20 more permit medicinal use, and annual nationwide spending on legal cannabis is projected to reach nearly $50 billion in the next decade.
According to a report by Research and Markets, pharmaceutical packaging accounted for $70.16 billion in 2017 and is expected to reach $149.25 billion by 2026, growing at a CAGR of 8.75 percent during the forecast period.