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Cannabis Packaging Market Research, Application and Growth Rate Forecast to 2026

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sherya jadhav
Cannabis Packaging Market Research, Application and Growth Rate Forecast to 2026

Market Size – USD 1.39 billion in 2018, Market Growth - CAGR of 26.4%, Market Trends – Increase in number of states legalizing medical marijuana

The Global Cannabis Packaging Market is expected to reach USD 5.20 billion by 2026, according to a new report by Reports and Data. Green packing a significant trend arising is the push for weed products to be packaged in materials that are recyclable, biodegradable, and compostable. As more states legalize medical marijuana, the weed industry across the globe has grown more than 310% in the past four years.  As per the Association for Packaging and Processing Technologies, marijuana has been legalized at some or the other level in 28+ states and is pending further legalization in 13+ others. This exponential growth, along with an attribute of self-funded small organizations, has helped legitimize its use in the eyes of many. By 2020, it is anticipated the industry is expected to reach $24.5 billion alone in the U.S., with $11.2 billion alone for recreational products. While 89% of customers preferred flowers in 2017, by 2020 only 61% of customers prefer flowers, instead favoring concentrated, processed weed formats.

 

Click Here to Get Free Sample Copy of This Report (Including Full TOC, Table & Figures) at@ https://www.reportsanddata.com/sample-enquiry-form/1035

Competitive Landscape

Global Cannabis Packaging market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Cannabis Packaging market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Cannabis Packaging Market Top Players (Market Analysis, Opportunities, Demand, Forecasting)

  • Kush Bottles,
  • Cannabis Science Inc.,
  • Medical Marijuana Corp,
  • JL Clark,
  • Maple Leaf Green World,
  • L.Clark,
  • KAYA CANNABIS,
  • Lexaria Bioscience,
  • and Cannaline In March 2018,
  • Cannabis Science Inc.
  • acquired Bottle It Inc.

To know more about the report @ https://www.reportsanddata.com/report-detail/cannabis-packaging-market

Segmentation: Global  Cannabis Packaging Market

Based on Product Type:

  • Rigid
    • Trays
    • Plastic Tubes
    • Others
  • Semi-Rigid
    • Box Inserts
    • Others
  • Flexible
    • Blisters
    • Clamshells
    • Shatter Containers
    • Others

Based on Application:

  • Medical Use
  • Recreational Use
  • Others

Part 1: Cannabis Packaging Market Trends

Part 2: Vendor Landscape

  • Overview
  • Landscape Disruption
  • Vendors Covered
  • Vendor Classification
  • Market Positioning Of Vendors

Request a discount on the report @ https://www.reportsanddata.com/discount-enquiry-form/1035

Key Questions Addressed in the Report:

  • The global Cannabis Packaging market study offers an in-depth analysis of the constantly changing market aspects such as market trends, production and consumption ratios, and revenue growth rates.
  • The report offers a seven-year assessment of the global Cannabis Packaging market, highlighting the key market dynamics such as drivers, restraints, trends, and opportunities.
  • It throws light on the major product and application segments of the market.
  • It offers a comprehensive regional analysis of the global Cannabis Packaging market.
  • The report’s competitive section includes the business profiles of the leading industry manufacturers and stakeholders.
  • It therefore helps readers make informed business decisions through its valuable market insights and in-depth analysis of the key segments.

About Us:

Our in-house experts assist our clients with advice based on their proficiency in the market that helps them in creating a compendious database for the clients. Our team offers expert insights to clients to guide them through their business ventures. We put in rigorous efforts to keep our clientele satisfied and focus on fulfilling their demands to make sure that the end-product is what they desire. We excel in diverse fields of the market and with our services extending to competitive analysis, research and development analysis, and demand estimation among others, we can help you invest your funds in the most beneficial areas for research and development.

Contact Us:

John W

Head of Business Development

Reports And Data | Web: reportsanddata.com/

Direct Line: +1-212-710-1370

E-mail: [email protected]

 

 

 

 

 

 

 

 

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