The value of the medical cannabis market in Mexico is forecast to reach around ****** U.S. dollars by the end of 2023. In 2020, the market was estimated at approximately ****** U.S. dollars and was expected to surpass *********** U.S. dollars by 2030, of which over *********** U.S. dollars would be accounted for by the marijuana flower market. This would represent an increase of nearly *** percent within a decade.

More information on the cannabis market in various countries can be found here.

In Mexico Medical Cannabis Market is projected to grow from USD 9.8 billion in 2025 to USD 29.4 billion by 2031, at a CAGR of 20.4%

The Mexico medical cannabis market was valued at USD 370.00 Million in 2024, driven by the country’s evolving regulatory framework for medical cannabis use. The market is anticipated to grow at a CAGR of 21.50% during the forecast period of 2025-2034, with values likely to reach USD 2593.97 Million by 2034.

The market value of medical cannabis in Mexico is forecast to increase by close to ************ U.S. dollars in a period of four years. In 2023, this figure was estimated at ************ U.S. dollars. By 2027, it is expected to surpass ************* U.S. dollars.

The Mexico Medical Cannabis Market size was valued at USD 7.8 million in 2023 and is projected to reach USD 10.43 million by 2032, exhibiting a CAGR of 4.24 % during the forecasts period.

The adult-use cannabis market in Mexico was forecast to reach more than *** million U.S. dollars by 2027, up from an estimated value of roughly *** million dollars forecast for 2026. By the last year depicted, medical cannabis in Mexico is expected to reach a market value of around eight million U.S. dollars.

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Medical Marijuana Market Size 2024-2028

The medical marijuana market size is forecast to increase by USD 39.81 billion at a CAGR of 29.52% between 2023 and 2028.

The market is experiencing significant growth, driven by several key factors. The rising number of product launches, as innovators introduce new strains and delivery methods, is expanding the market's reach and appeal. B2B enterprises focus on supplying cannabis biomass and processing it into various medical marijuana functional food products for authorized dispensaries and retail & pharmacy stores. The production process involves extracting cannabinoids and other beneficial compounds using solvents, followed by purification and standardization. Furthermore, increasing awareness campaigns aimed at educating the public about the potential benefits of medical marijuana for various conditions are fueling demand. However, the market also faces challenges, including the side effects associated with inappropriate use and the ongoing legal and regulatory hurdles that limit access in certain jurisdictions. As the industry continues to evolve, stakeholders must navigate these trends and challenges to capitalize on the market's potential.

What will be the Size of the Market During the Forecast Period?

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The market encompasses the production, distribution, and consumption of cannabis and cannabinoid-based medications for medical purposes. This burgeoning industry has gained significant momentum in various countries, driven by the growing recognition of cannabis as an effective treatment for a range of ailments and symptoms, including chronic pain, nausea, seizures, and more. 
Moreover, the market comprises both B2B and B2C enterprises, with the former focusing on the supply of raw marijuana plants or extracted cannabinoids to manufacturers of cannabis-derived pharmaceuticals, such as Epidiolex, Marinol, Syndros, Cesamet, and Sativex. The production process involves careful cultivation, thorough testing, and adherence to regulatory requirements. The market's size and direction reflect the increasing demand for alternative treatments and the potential of cannabinoid-based medications to address unmet medical needs.

How is this Industry segmented and which is the largest segment?

The industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Type

  Oil and tinctures
  Flower


Product

  Chronic pain
  Nausea
  Others


Geography

  North America

    Canada
    US


  Europe

    UK
    France


  APAC



  South America



  Middle East and Africa

By Type Insights

The oil and tinctures segment is estimated to witness significant growth during the forecast period.

Medical marijuana oil and tinctures are concentrated extracts derived from the Cannabis Sativa and Cannabis Indica plants. These extracts can be consumed orally, topically, or inhaled. Medical marijuana oils, also known as cannabis concentrates, are more potent than traditional marijuana due to their higher cannabinoid content. Tinctures, made by soaking plant material in solvents like alcohol or glycerin, offer a more discreet and versatile consumption method. Cannabinoid-based medications, such as Epidiolex, Marinol, Syndros, Cesamet, and Sativex, are FDA-approved for medical purposes. Chronic pain, ALS, Parkinson's, Alzheimer's, cancer, and neurological disorders are among the conditions for which medical marijuana is used.

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The oil and tinctures segment was valued at USD 4.48 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contribute 46% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The markets in North America are experiencing significant growth due to legalization efforts In the US and Canada. The Supreme Court in Mexico has also ordered the Health Ministry to issue regulations on medical marijuana use within six months, primarily for epilepsy treatment. Key players In the region include Cannabis Sativa and Medical Marijuana, with Canadian companies legally exporting medical marijuana to the US for clinical trials. Cannabinoid-based medications, such as Epidiolex, Marinol, Syndros, Cesamet, and Sativex, are gaining popularity for treating various ailments and symptoms, including chronic pain, ALS, Parkinson's, Alzheimer's, cancer, and neurological disorders. Consumer spending on medical marijuana is expected to fo

In 2023, the cannabidiol (CBD) market value in Mexico was estimated at approximately *** million U.S. dollars. By 2027, it was forecast to increase, reaching more than *** million U.S. dollars. In that year, medical cannabis in Mexico is expected to surpass the ***** million U.S. dollars.

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North America Cannabis Packaging Market Size 2024-2028

The North America cannabis packaging market size is forecast to increase by USD 5.4 billion at a CAGR of 35.11% between 2023 and 2028.

The market is experiencing significant growth, driven by the legalization of cannabis in various jurisdictions and the increasing consumer demand for this product. One of the key trends in this market is the rising use of sustainable and eco-friendly packaging solutions, as consumers and regulatory bodies push for more environmentally friendly practices. Another critical factor is the need for regulatory compliance in cannabis packaging, as stringent regulations regarding child-resistant packaging and labeling requirements are being implemented. These regulations ensure consumer safety and create opportunities for companies to differentiate themselves by offering compliant and innovative packaging solutions.
Companies seeking to capitalize on this market's opportunities must stay informed of regulatory requirements and consumer preferences while investing in sustainable and innovative packaging technologies to meet the evolving needs of the cannabis industry.

What will be the size of the North America Cannabis Packaging Market during the forecast period?

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The market is experiencing significant growth due to the expanding cannabis industry. Cannabis producers and retailers prioritize child-resistant packaging, product labeling with tamper-evident features, and sustainable packaging materials to ensure product safety and security. Innovative designs cater to various product formats, including flower, edibles, and CBD-infused products. Dosage control and product information transparency are essential for medical cannabis users, particularly those with conditions like Lennox-Gastaut Syndrome and Dravet Syndrome, who rely on precise dosages. As the market evolves, regulations continue to prioritize product safety and consumer protection, driving the adoption of advanced packaging technologies.
The cannabis packaging industry encompasses a wide range of product offerings, from traditional marijuana packaging to specialized solutions for medicinal marijuana, Marinol, and recreational cannabis.

How is this market segmented?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Material

  Glass
  Metal
  Plastics
  Cardboard containers


Type

  Rigid packaging
  Flexible packaging


Geography

  North America

    US
    Canada
    Mexico

By Material Insights

The glass segment is estimated to witness significant growth during the forecast period. The North American cannabis packaging market encompasses various segments, including glass packaging, which is widely utilized by cannabis producers and retailers for its benefits in preserving product quality and sustainability. Glass containers ensure product freshness by maintaining impermeability, preventing the loss of aromas, flavors, and the entry of contaminants, particularly crucial for moisture-sensitive cannabis products. This segment caters to both recreational and medical cannabis, including cannabis-infused beverages, edibles, concentrates, and topicals. Innovative designs, child-resistant mechanisms, tamper-evident seals, and sustainable materials like bio-degradable plastics and recycled paper are integral to the industry's packaging strategies. Product safety, security, and information transparency are essential considerations, with technology advancements enabling UV-resistant packaging, controlled supply networks, and airtight containers.

Compliance with labeling regulations, dose information, and brand recognition are also crucial factors. The market caters to various cannabis formats, ensuring consumer safety and product quality while addressing concerns related to contamination, deterioration, and tampering.

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The Glass segment was valued at USD 172.80 million in 2018 and showed a gradual increase during the forecast period.

Market Dynamics

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What are the key market drivers leading to the rise in adoption of the North America Cannabis Packaging Market?

Legalization of cannabis in North America is the key driver of the market. The market has experienced notable growth due to the legalization of cannabis in various jurisdictions for medical and recreational use. The demand for cannabis packaging solutions has escalated, necessitating innovative and child-resistant designs. Regulatio

The District of Columbia holds the record for the highest price per ounce of high quality marijuana in the United States, as of January 2025, with an average price of some 590 U.S. dollars per ounce. Recreational cannabis use Recreational cannabis is not legal in all U.S. states; however, many consumers use the drug illicitly. A recent survey indicated that over half of U.S. adults think that cannabis should be legalized and taxed like alcohol and tobacco. Recreational cannabis is often used by consumers for relaxation, stress relief, and creativity, to name a few. Surveys have shown that a majority of recreation users use marijuana for relaxation. Legal marijuana market potential It is projected that by 2025 the sales of legal cannabis in the U.S. will generate approximately 25 billion dollars in revenue. The regulation of marijuana includes the taxation of all sales. There is potential for the U.S. cannabis market to generate significant taxes and boost the economy. It is estimated that the taxes from legal marijuana sales would exceed the taxes earned from U.S. sales taxes by a significant amount.

El mercado de cannabis medicinal en México fue valorado en USD 370.00 Million en 2024, impulsado por la evolución del marco regulatorio del país para el uso de cannabis medicinal. Se prevé que el mercado crezca a un CAGR de 21.50% durante el período de previsión de 2025-2034, con valores probables de alcanzar USD 2593.97 Million para 2034.

The North America Cannabidiol (CBD) Market size was valued at USD 7.9 billion in 2023 and is projected to reach USD 20.01 billion by 2032, exhibiting a CAGR of 14.2 % during the forecasts period. Recent developments include: In January 2023, Medical Marijuana, Inc. announced that HempMeds Brasil, its subsidiary, had launched 2 new full-spectrum products in Brazil. The concentrations range from 3,000-6,000 mg and are available in 30 mL and 60 mL jars. , In October 2022, Medical Marijuana, Inc. announced the collaboration of its subsidiary, HempMeds Mexico, with the Autonomous University of Barcelona, Spain, and the Meritorious Autonomous University of Puebla, Mexico to conduct a study demonstrating the benefits of CBD in treating Parkinson’s disease. , In October 2022, High Tide, Inc. announced the launch of multi-cannabinoid products by its subsidiary, NuLeaf Naturals, in Ontario, Canada. The products listed for sale include Full Spectrum Hemp Multicannabinoid oil and plant-based softgels with delta-9 tetrahydrocannabinol, cannabichromene, cannabidiol, cannabigerol, and cannabinol. , In January 2022, Elixinol announced the launch of 2 innovative CBD products - the Sleep Rapid Rest Liposome and Sleep Gummies - that focus on offering support for sleep. The former contains a customized formula of CBN (cannabinol), CBD, chamomile, and lemon balm. On the other hand, Sleep Gummy contains 2mg CBN and 15mg CBD. .

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Cannabis Packaging Market Size 2025-2029

The cannabis packaging market size is forecast to increase by USD 11.21 billion at a CAGR of 28.7% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing purchasing power of the millennial demographic in key cannabis markets. This generation's preference for legal, high-quality, and convenient cannabis products is fueling the demand for innovative and effective packaging solutions. Another key trend shaping the market is the emergence of smart packaging for cannabis. As consumer safety and product authenticity become increasingly important, companies are investing in advanced packaging technologies to ensure product freshness, child-resistance, and tamper-evident features.
To capitalize on opportunities and navigate challenges effectively, companies must stay informed of market trends, invest in research and development, and build robust supply chain strategies. However, the market faces challenges due to the volatility of raw material prices for cannabis packaging. The fluctuating costs of materials like glass, plastic, cannabis bottles and vials, film and laminates, tapes and adhesives, and caps and closures and paper pose a significant risk for manufacturers and retailers, requiring them to adapt to market conditions and optimize their supply chains accordingly.

What will be the Size of the Cannabis Packaging Market during the forecast period?

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The marijuana business daily reports a significant shift in cannabis packaging trends, with plastic containers and caps, such as those manufactured by Hippo Packaging and Impak Corporation, gaining popularity. High-density polyethylene (HDPE), a type of plastic, is favored due to its durability and resistance to moisture. CBD products, including tinctures and pills, also require specialized packaging to maintain product integrity. As the legalization of cannabis continues, sustainability is becoming a priority, with some companies opting for eco-friendly options like ocean-reclaimed plastic.

Chinese suppliers are also entering the market, offering cost-effective alternatives for marijuana businesses. CR Packaging, for instance, provides a range of containers for various cannabis product types. Containers for chronic pain products, like those used for hemp-derived CBD, must adhere to strict regulations, further driving the demand for specialized packaging solutions. In response, packaging has innovated to meet evolving consumer demands, offering solutions in materials such as high-density polyethylene (HDPE), plastic, hemp, and ocean-reclaimed plastic.

How is this Cannabis Packaging Industry segmented?

The cannabis packaging industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Material

  Glass
  Metal
  Plastics
  Cardboard containers


Type

  Rigid packaging
  Flexible packaging


Application

  Medical use
  Recreational use
  CBD products


Geography

  North America

    US
    Canada
    Mexico


  Europe

    Germany
    Italy
    The Netherlands


  APAC

    Australia
    India
    South Korea
    Thailand


  Rest of World (ROW)

By Material Insights

The glass segment is estimated to witness significant growth during the forecast period. The market is witnessing significant growth with the increasing legalization of cannabis for both recreational and medical use. Glass packaging, such as Hemp Sacks and Hippo Packaging, is gaining popularity due to its non-hazardous nature and ability to preserve the product's flavor and freshness. Glass containers, including bottles and jars from companies like CR Packaging and Green Rush Packaging, protect cannabis from external elements and maintain its quality. Semi-rigid packaging, like Containers and caps, offer an alternative to glass, providing durability and protection. CBD products, including Cannabis-infused chocolates and tinctures, also require specialized packaging solutions. High-density polyethylene and flexible packaging are used for edibles and vape items, while rigid packaging is preferred for pre-roll joints and pills.

Sustainable options, such as ocean-reclaimed plastic, are also gaining traction in the market. Chinese suppliers are providing cost-effective solutions for plastic packaging, while companies like Marijuana Business Daily and C Class Jars focus on providing high-quality, branded packaging. Packaging plays a crucial role in ensuring product safety and consumer appeal, with trends leaning towards child-resistant and tamper-evident designs. Medical conditions like Dravet syndrome and Lennox-

Snapshot img

Cannabidiol (CBD) Market Size 2025-2029

The cannabidiol (CBD) market size is forecast to increase by USD 56.5 billion, at a CAGR of 24.8% between 2024 and 2029.

The CBD market is experiencing significant growth, driven primarily by the ongoing legalization and regulatory changes surrounding cannabidiol. This evolving regulatory landscape presents both opportunities and challenges for market participants. On the one hand, increasing legalization allows for broader market access, fostering growth in various end-use industries such as food and beverages, cosmetics, and pharmaceuticals. On the other hand, the high cost of CBD products poses a significant challenge for consumer adoption and market penetration. The e-commerce industry plays a crucial role in the CBD market's growth, enabling brands to reach a wider audience and offering consumers the convenience of purchasing products online.
However, the high cost of CBD products, largely due to production and extraction expenses, may limit market expansion and create barriers for smaller players. To capitalize on market opportunities and navigate challenges effectively, companies must focus on optimizing production costs, exploring alternative extraction methods, and developing innovative, competitively priced products. By addressing these challenges and leveraging the growing demand for CBD, businesses can position themselves for success in this dynamic and rapidly evolving market.

What will be the Size of the Cannabidiol (CBD) Market during the forecast period?

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The CBD market continues to evolve at an unprecedented pace, with new developments and trends emerging constantly. One of the most significant areas of growth is product differentiation, as companies strive to distinguish themselves in a crowded marketplace. CBD for inflammation is a popular application, with many brands offering various forms of CBD, including capsules, gummies, and topicals. Cannabis-derived CBD and hemp-derived CBD are two distinct categories, each with its unique advantages and challenges. The legal framework surrounding CBD is also a dynamic factor, with regulations evolving to accommodate the growing industry. Bioavailability is another critical aspect, with brands investing in research to improve the efficacy of their products through advanced formulation and delivery methods.

Consumer education is essential as the market becomes more complex, with various CBD types, such as broad spectrum and full spectrum, and different extraction methods, such as CO2 and ethanol. Brand awareness and loyalty are also crucial, with companies focusing on sustainable practices, transparency, and competitive pricing strategies to attract and retain customers. CBD's applications extend beyond human health, with the pet market showing significant growth. Pricing strategies vary, with some brands adopting a direct-to-consumer model, while others rely on retail channels and wholesale distribution. Regulations continue to shape the industry, with a focus on ensuring safety and quality, particularly in the areas of labeling, clinical trials, and intellectual property.

The CBD market's continuous evolution reflects the ongoing research and innovation in this field. From CBD oil to CBD vape products, CBD for anxiety to CBD for athletes, the potential applications of CBD are vast and ever-expanding. As the industry matures, it is essential to stay informed about the latest trends, regulations, and consumer preferences to remain competitive and succeed in this dynamic market.

How is this Cannabidiol (CBD) Industry segmented?

The cannabidiol (CBD) industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Source

  Marijuana
  Hemp


Distribution Channel

  Offline
  Online


End-user

  Medical
  Personal use
  Wellness


Geography

  North America

    US
    Canada
    Mexico


  Europe

    France
    Germany
    UK


  APAC

    China
    India
    Japan
    South Korea


  Rest of World (ROW)

.

By Source Insights

The marijuana segment is estimated to witness significant growth during the forecast period.

CBD, a non-psychoactive compound derived from the cannabis plant, has gained significant attention in the health and wellness industry due to its potential therapeutic benefits. Different forms of CBD products cater to various consumer preferences, including capsules, oils, topicals, edibles, vape products, and tinctures. The market for CBD continues to grow rapidly, driven by increasing consumer awareness and acceptance, favorable legal frameworks, and expanding product innovation.

Snapshot img

CBD Pet Products Market Size 2024-2028

The CBD pet products market size is forecast to increase by USD 1.02 billion at a CAGR of 21.2% between 2023 and 2028. The market is experiencing significant growth due to the increasing popularity of non-psychoactive CBD-infused items for pets. These products cater to various health concerns, including anxiety and pain, making them an attractive alternative to traditional treatments. Commercial retailers and e-commerce platforms are capitalizing on this trend, offering a wide range of CBD-based beverages, skincare, and cosmetics for pets. Hospital pharmacies and clinical trials are also exploring the potential health benefits of CBD for animals. The launch of new CBD-based products continues to fuel market growth, as pet owners seek effective solutions to enhance their pets' wellbeing. Despite the promising outlook, challenges persist, including regulatory compliance and consumer education on proper dosage and usage. Overall, the market is poised for continued expansion, offering innovative solutions for pet health and wellness.

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Cannabis, a plant long known for its psychoactive properties, has recently gained popularity for its therapeutic benefits, particularly in the form of Cannabidiol (CBD). This non-psychoactive compound has been making waves in the human health industry due to its potential medical benefits, and now, it's making its way into pet care. Pet humanization, the trend of treating pets as family members, has led to an increase in pet care expenditure. Moreover, it can aid in treating sleep disorders and even help in managing cancer symptoms in pets. The legalization of hemp-based CBD products has made it easier for pet owners to access these supplements. Hemp-based CBD products are non-psychoactive, meaning they do not contain THC, the psychoactive compound found in cannabis. This makes them a safe and effective option for pets.

Furthermore, the market offers a wide range of options, including edibles, topicals, and beverages. Edibles come in various forms, such as treats, capsules, and oils. Topicals, on the other hand, are applied directly to the skin and can be used to target specific areas. Beverages are a convenient option for pet owners who want to incorporate CBD into their pet's daily routine. The e-commerce industry has played a significant role in the growth of the CBD pet product market. Online retailers offer a wide range of options, competitive pricing, and easy delivery, making it convenient for pet owners to purchase CBD products for their pets. Commercial retailers, such as pet stores and veterinary clinics, also offer CBD pet products, providing pet owners with a more traditional shopping experience.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Animal Type

  Dogs
  Cats
  Others


Distribution Channel

  Offline
  Online


Geography

  North America

    Canada
    Mexico
    US


  Europe

    Germany
    UK
    France


  APAC



  South America

    Brazil


  Middle East and Africa

By Animal Type Insights

The dogs segment is estimated to witness significant growth during the forecast period. The market in the United States has witnessed notable expansion, primarily in the canine sector. This trend is fueled by health-conscious pet owners seeking natural supplements for their beloved dogs. As CBD gains acceptance for human use, an equivalent trend emerges in the pet industry. CBD oil and other cannabinoid-based products offer potential therapeutic benefits for pets, providing relief without the harsh side effects commonly associated with conventional medications. Anecdotal evidence and preliminary research suggest CBD's potential in managing various conditions, although further scientific validation is necessary. The CBD market encompasses a range of products, including CBD capsules, tinctures, and CBD-infused foods.

CBD-infused products are perceived as a more benign option compared to conventional medications, providing relief without the undesirable side effects commonly linked to pharmaceuticals. The burgeoning collection of anecdotal evidence and ongoing research substantiates the use of CBD in addressing anxiety, pain, and skincare concerns in pets. However, it's essential to acknowledge that scientific substantiation is still in its infancy. Commercial retailers, including e-commerce platforms and hospital pharmacies, are increasingly stocking CBD-infused beverages, cosmetics, and other pet products.

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The dogs segment accounted for USD 205.80 million in 2018 and showe