In-Depth Exploration of the Cannabis Packaging Market: Enriching Industry Understanding, Envisioning Trends, Evaluating Growth Catalysts, and Forecasting Advancements from 2023 to 2030.
Report Ocean has recently released a comprehensive research report on the global Cannabis Packaging Market. The report offers a detailed analysis of various market characteristics, such as size, growth, segmentation, regional and country breakdowns, competitive environment, market shares, trends, and strategies. It also provides insights into the impact of the COVID-19 pandemic on the market.
Global Cannabis Packaging Market is valued approximately USD $$ billion in 2021 and is anticipated to grow with a healthy growth rate of more than 28.6% over the forecast period 2022-2028.
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The growing popularity of cannabis among consumers due to its numerous health benefits, such as its ability to relieve chronic pain, improve lung capacity, aid weight loss, regulate and prevent diabetes, fight cancer, treat depression, and regulate seizures, is driving the market, which is expanding globally at the same time. The aforementioned health benefits of cannabis are driving consumer demand, and more people are advocating for its legalisation, at the very least for medical purposes. As a result, increased consumer awareness is expected to enhance product demand, driving cannabis packaging market growth over the forecast period. Recreational cannabis use is also on the rise, owing to government support that allows for the legal selling of recreational cannabis products on the market. As a result, as sales of these goods for adult use is on the rise, so does the demand for packaging that can avoid direct child contact. As a result, there is a growing need for kid resistance solutions on the market. According to a 2015 poll conducted by the Council on Responsible Cannabis Regulation (CRCR) and the National Cannabis Industry Association (NCIA), 58 percent of respondents supported mandatory child-resistant solutions for cannabis flower, 75% for concentrates, and 57% for non-ingestible infused products. Due to many restrictions imposed to prevent the virus’s spread, the COVID-19 pandemic has affected the growth and operation of most of the country’s industries. However, resistance in legalization of Cannabis in several countries impedes the growth of the market over the forecast period of 2021-2027.
The key regions considered for the global Cannabis Packaging Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America held the greatest market share. Because of the rising legalisation of cannabis use in the United States, the market is booming. States are also approving the use of cannabis for recreational purposes, which is boosting the market’s growth. California, Colorado, Michigan, Florida, Washington, Nevada, Oregon, Arizona, Massachusetts, and Illinois are among the most revenue-driven states in the US. These are the country’s mature markets, where the use of cannabis in the medical business has been permitted due to its health benefits. Additionally, the Asia Pacific region is anticipated to witness highest growth rate during the forecast period.
Major market player included in this report are:
- Berry Global Inc.
- KushCo Holdings Inc.
- J.L. CLARK
- IMPAK Corp.
- Pollen Gear
- Cannaline Cannabis Packaging Solutions
- N2 Packaging Systems, LLC
- Green Rush Packaging
- Norkol Packaging LLC
- MMC DEPOT
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Material:
Plastic
Metal
Glass
Paper
By Product:
Bottles & Jars
Tubes
Tins
Pouches
Blisters & clamshells
Others
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By Application:
Recreational Use
Medical Use
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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This report covers several key questions related to the global Cannabis Packaging market, including:
- What can be expected for the Cannabis Packaging market in the next decade?
- What are the primary drivers of growth in the global Cannabis Packaging market?
- Which technologies are likely to experience the most rapid growth, both by market and region?
- How do opportunities within the Cannabis Packaging market vary based on the size of the end market?
- What is the breakdown of Cannabis Packaging by type and application?
- How have recent events such as the COVID-19 pandemic and the Russia-Ukraine conflict impacted the Cannabis Packaging market?
The Key Points Covered in the Table of Contents:
Overview: This section provides a concise summary of the report, offering a high-level understanding of the global Cannabis Packaging Market. It serves as an introduction, providing insights into the nature and contents of the research study.
Market Analysis: The research study accurately and reliably forecasts the market share of key segments within the Cannabis Packaging Market. This analysis enables industry participants to make strategic investments in the significant growth areas of the Food Container Market.
Analysis of Leading Players’ Strategies: Market participants can utilize this report to gain a competitive advantage over their rivals in the Cannabis Packaging Market. It offers an in-depth analysis of the strategies employed by leading players, enabling others to develop effective strategies and stay ahead in the market.
Regional Growth Analysis: The report covers all major regions and countries relevant to the Cannabis Packaging Market. The regional analysis facilitates market players in identifying untapped regional markets, devising unique regional strategies, and comparing the growth patterns across different regions.
Market Forecasts: Purchasers of this report gain access to precise and validated estimations of the overall market size in terms of both value and volume. The study also includes comprehensive forecasts for consumption, production, sales, and other pertinent factors related to the Cannabis Packaging Market.
Our Cannabis Packaging Market Report is a comprehensive analysis of the market, providing valuable insights for businesses looking to invest in this industry.
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