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Global Cannabis Packaging Market Size, Status and Forecast 2019-2025
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The cannabis industry in North America is like other legal consumer goods industries, such as food, tobacco or alcohol. Some cannabis-infused products already look strikingly similar to existing consumer products. In addition to 'flower' which is the smokable leaf that most people usually associate with cannabis, there are many cannabis-infused products that range from edibles such as snacks and meals, to concentrates such as pills and oils, and beverages.
One of the major drivers for this market is the growing cannabis sales market. The North American cannabis market posted a revenue of $6700 million in 2016, marking about 30% increase from the 2015 figures. Cannabis sales are expected to grow at a CAGR of 10.40% during the forecast period when the North American market is expected to reach $8900 million in 2021. In the case of the cannabis boom, legalization is bringing new users to the market. In Colorado, Washington, and Oregon, recreational use was legal before 2016, with the consumer spending on cannabis about 62% during 2015-2016. Seven US states legalized cannabis in some form on the Election Day. The sudden popularity of alternative ingestion techniques, such as weed-laced topical sprays and edibles fueled the growth of the growing cannabis market in North America, thereby subsequently boosting the cannabis packaging market in North America.
This market study estimates that in terms of geographic regions, Canada will be the major revenue contributor to the cannabis packaging market in North America throughout the forecast period. The legalization of cannabis and relaxed regulatory norms for mass manufacturing of cannabis will drive the growth of this market in Canada.
In 2018, the global Cannabis Packaging market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.
This report focuses on the global Cannabis Packaging status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Cannabis Packaging development in United States, Europe and China.
The key players covered in this study
Kush Bottles
Maple Leaf Green World
J.L.Clark
KAYA CANNABIS
Lexaria Bioscience
...
Market segment by Type, the product can be split into
Rigid Packaging
Flexible Packaging
Market segment by Application, split into
Medical Use
Recreational Use
Others
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
The study objectives of this report are:
To analyze global Cannabis Packaging status, future forecast, growth opportunity, key market and key players.
To present the Cannabis Packaging development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Cannabis Packaging are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
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Related Information:
North America Cannabis Packaging Market Growth 2019-2024
United States Cannabis Packaging Market Growth 2019-2024
Asia-Pacific Cannabis Packaging Market Growth 2019-2024
Europe Cannabis Packaging Market Growth 2019-2024
EMEA Cannabis Packaging Market Growth 2019-2024
Global Cannabis Packaging Market Growth 2019-2024
China Cannabis Packaging Market Growth 2019-2024
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