Cannabis Packaging Market Future Prospects 2025 – Top Players Like Medical Marijuana Corp, Kush Bottles, Cannabis Science Inc., JL Clark, Cannaline

The global cannabis packaging has been estimated to be USD 1.10 Billion by the end of 2018 and is forecasted to reach USD 4.12 Billion by the end of 2025. Countries considered in this estimation are U.S., Canada and Uruguay, Australia, Netherlands, Israel and Jamaica. U.S., Canada and Uruguay have been considered primarily owing to its legalized sale, with the latter two witnessing a promising start in revenue in July 2018.

Predictions estimate, there will be 1700% rise in cannabis users by the end of 2025 with packaging likely witnessing a 26.4 % growth by the end of the forecasted period. Short term growth projections keeps the global growth rate at 19.97 % by 2020 as two major regional market heads to elections in the coming years.

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Other vital aspects including the market share, size and growth rate for the forecast period, 2018 - 2015 also forms an important of the study and valuable resource for business owners, stakeholders, and marketing personnel planning to zero in on their business strategy.A lot has been discussed the revolutionary products as well as an innovative technology ready to completely disrupt the Cannabis Packaging industry over the coming years.

Market-O-Nomics of the Cannabis Packaging Market
• As more states legalize medical marijuana, the cannabis industry across the globe has grown more than 310% in the past four years.
• By the year 2020, it is predicted the cannabis 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 cannabis flowers in 2017, by 2020 only 61% of customers prefer cannabis flowers, instead favoring concentrated, processed cannabis formats
• In Europe, the upside for medical marijuana is enormous. The leader, Germany, passed medical marijuana legislation in 2016. The European Cannabis Report said the European market could be worth $65.4 billion annually if every country were to legalize marijuana
• The US rigid cannabis packaging market was valued at USD 260.34 Million in 2017 and is expected to register a CAGR of 18.2%
• The plastic cannabis packaging market is expected to reach USD 1.22 billion by the end of 2025 registering a CAGR of 18.4% from 2018 to 2025

Market Segment on the basis of by manufacturers, the report covers the following companies:
Kush Bottles, Cannabis Science Inc., Medical Marijuana Corp, JL Clark, Cannaline

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Market Segment on the basis of Packaging Type (Revenue, USD Million; 2016–2025), the report covers:-
• Rigid (Trays, Plastic Tubes, Others)
• Semi-Rigid (Box Inserts, Others)
• Flexible (Blisters, Clamshells, Shatter Containers, Others)

Market Segment on the basis of Packaging Material (Revenue, USD Million; 2016–2025), the report covers:
• Plastics (Jars, Vials, Hinge-Top Containers, Boxes, Bags, Tubes, Tails, Others)
• Metals
• Glass
• Cardboard Containers
• Others

The Cannabis Packaging industry is further segmented on the basis of product application, classification, and geography. The all-encompassing study provides access to a comprehensive data on customer preference, spending power, production volume and consumption volume to help business owners streamline their business operations likewise.

The research provides answers to the following key questions:
• What is the estimated size of the Cannabis Packaging Market for the forecast period, 2018 - 2025? What will be the growth rate of the industry during the estimated period?
• What are the prominent driving forces likely to impact the progress of the industry across different regions?
• Who are the major market players occupying a strong foothold in the Cannabis Packaging Market?
• What are the winning strategies adopted by them to stay ahead in the competition?
• What are the potential opportunities for the Cannabis Packaging Market for the forecast period, 2018 - 2025?
• What are the key trends expected to shape the development of the industry over the coming years?
• What are the key restraints and challenges likely to hinder the growth of the Cannabis Packaging Market worldwide?

Complete report is available now @ https://www.reportsanddata.com/report-detail/cannabis-packaging-market

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This release was published on openPR.