The global cannabis packaging market size is expected to reach USD 23.83 Billion in 2030 and register a revenue CAGR of 25.2% over the forecast period, according to a latest report by Reports and Data. Legalization of marijuana and rising demand for medical and recreational cannabis products is expected to drive market revenue growth during the forecast period. Increasing global awareness about the medicinal properties of cannabis along with other utilities has led to legalization and decriminalization of cannabis in various countries. Colorado and Washington's state became the first states in North America to legalize marijuana for recreational purposes. Similarly, possession and consumption of marijuana is legal in various countries in Europe.
The companies considered and profiled for this market are:
Kush Bottles, Cannabis Science Inc., Medical Marijuana Corp, JL Clark, Maple Leaf Green World, J.L.Clark, KAYA CANNABIS, Lexaria Bioscience, and Cannaline. In March 2018, Cannabis Science Inc. acquired Bottle It Inc. State of Art Bottle manufacturing Facility
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For the purpose of this report, Reports and Data has segmented global cannabis packaging market based on type, material, application, and region:
Type Outlook (Revenue, USD Billion; 2018-2030)
- Rigid,
- Semi Rigid
- Flexible
Material Outlook (Revenue, USD Billion; 2018-2030)
- Metals
- Plastics
- Glass
- Cardboard Containers
- Others
Application Outlook (Revenue, USD Billion; 2018-2030)
- Medical
- Recreational
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Focal Points of the Global Cannabis Packaging Market Report:
Market Coverage: This section of the report covers significant details on the key manufacturers, vital market segments, product innovation scope, and the forecast years. Additionally, it describes in detail the range of the product and the global Cannabis Packaging market segmentation based on product type and application spectrum.
Executive Summary: In this chapter, the global market growth rate, competitive landscape, drivers and constraints, trends, limitations, and the key market segments have been discussed at length.
Regional Analysis: The report offers meaningful insights into the import and export trends, production and consumption capacities, estimated revenue share, and key players of each region dominating the market
Competitive Landscape: The report also discusses the course of development of each market player in this industry vertical during the forecast period. It further details on the firms, industries, organizations, vendors, and local manufacturers engaged in this industry. The leading products and services to gain global and regional market shares form the competitive landscape of the Cannabis Packaging industry.
Manufacturers’ portfolios: This section includes detailed information regarding the product portfolio of each local and global manufacturer, their strengths and weaknesses, product profiles, production value and capacity, and other vital information.
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The report emphasizes the following key questions
Q.1. What are the most lucrative and promising growth prospects for the market?
Q.2. Which sectors are expected to deliver a high growth rate and which industry aspects come into play in this advancement?
Q.3. Which geographies are estimated to exhibit the highest growth and the underlying causes?
Q.4. Which factors are impacting the future of the market and what are the driving factors?
Q.5. What are the hurdles and challenges curtailing the industry’s growth in the forecast period?
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