We are the go-to packaging resource for some of the world’s top suppliers of pharmaceuticals, cosmetics, foods and spirits – and the cannabis and hemp industry is the next emerging market to benefit from the capabilities of our company.
SHANGHAI, China (PRWEB) March 02, 2020
China-based Vertex Packaging, known since 2006 for its high-quality and competitively-priced packaging solutions for the pharmaceutical, spirits, cosmetics and food industries, is leveraging its experience and reputation in those areas to meet the increasing demand for innovative cannabis and hemp product packaging. The company is proving itself to be a significant asset for producers in the United States (U.S.) and Canada – two countries experiencing rapid growth of the cannabis and hemp market – by providing a cost-effective alternative to expensive local packaging suppliers and unreliable overseas manufacturers.
With cannabis now legal in 33 U.S. states for medical purposes, an additional 11 U.S. states for recreational purposes and fully legal throughout Canada, the industry is experiencing an unprecedented surge in production. The North American cannabis market was estimated to be worth $16 billion at the end of 2019 – a growth of 50 percent in just one year – and cannabis industry value in the U.S. alone is expected to reach $80 billion by 2030. Likewise with hemp cultivation, the U.S. Department of Agriculture estimates that between August 2018 and August 2019, farmers more than quadrupled their acreage dedicated to hemp. With dramatically higher production has come an increased demand for packaging tailored to the unique aesthetic, safety and regulatory requirements of the industry.
“Vertex has unique capabilities in this field due to a strong background in packaging across related industries that also demand quality, reliability, cost efficiencies and an understanding of safety and compliance”, said Marketing Manager Michelle Ye. “We are excited to apply our expertise to develop innovative, customized packaging solutions for the cannabis and hemp market as the industry grows at an extraordinary pace.”
Vertex Packaging, with its ability to tap into China’s cost-efficient production base and its experience meeting the needs of leading pharmaceutical and food industry clients worldwide, is standing out in the North American cannabis market as a leading provider of packaging solutions. Cannabis and hemp manufacturers can generate significant cost-savings by choosing among Vertex Packaging’s standard or child-resistant bottles, jars, specialized containers, droppers, caps, dispensers and other products. As a supplier to Fortune 500 pharmaceutical companies for more than a decade, the company is well-versed in designing solutions that meet or exceed the strictest industry standards, from materials to functionality.
Currently providing innovative packaging solutions for top cannabis and hemp production operations in the U.S. and Canada, Vertex Packaging utilizes state-of-the-art manufacturing facilities to produce consistently high quality products. Careful consideration is given to each client’s vision, ensuring that the end result faithfully conveys their brand message and resonates with their customers.
“Vertex continues to demonstrate that it is a world leader in creating unique packaging solutions, offering affordable customization to help clients gain a competitive edge,” said Ye. “We are the go-to packaging resource for some of the world’s top suppliers of pharmaceuticals, cosmetics, foods and spirits – and the cannabis and hemp industry is the next emerging market to benefit from the capabilities of our company.”
Additional information about Vertex Packaging and its solutions for the North American cannabis and hemp market is available online, at http://www.vertexpack.com.