The CBD industry is currently one of the most rapidly growing sectors in the global market. This growth is due to the increasing acceptance of CBD, or cannabidiol, a non-psychoactive compound derived from the cannabis plant. The medicinal benefits and therapeutic applications of CBD are widely recognized, making it a popular choice for various products ranging from health supplements to beauty items.
The burgeoning CBD market potential is immense. The global CBD market size was estimated at USD 2.8 billion in 2020, and it is expected to expand at a compound annual growth rate (CAGR) of 21.2% from 2021 to 2028. This growth is primarily driven by the increasing demand for CBD-infused products in various sectors such as pharmaceuticals, personal care and cosmetics, and nutraceuticals.
As such, it’s no surprise that many entrepreneurs and businesses are venturing into the CBD industry. However, with the market becoming increasingly crowded, standing out amongst the competition becomes paramount. This is where your CBD brand’s story and Custom CBD Packaging come into play.