Cannabis Packaging Market to Record Stellar CAGR of 26.4% between 2020 and 2026 | Kush Bottles, Cannabis Science Inc., Medical Marijuana Corp, JL Clark, etc.

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.

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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.

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.

For this study, Reports and Data have segmented the Cannabis Packaging Market on the basis of Packaging Type, Packaging Material, Applications, and Region:

Packaging Type (Revenue, USD Million; 2016-2026)
o Rigid
o Trays
o Plastic Tubes
o Others
o Semi-Rigid
o Box Inserts
o Others
o Flexible
o Blisters
o Clamshells
o Shatter Containers
o Others

Packaging Material (Revenue, USD Million; 2016-2026)
o Plastics
o Jars
o Vials
o Hinge-Top Containers
o Boxes
o Bags
o Tubes
o Tails
o Others
o Metals
o Glass
o Cardboard Containers
o Others

Applications (Revenue, USD Million; 2016-2026)
o Medical Use
o Recreational Use
o Others

Regional Outlook (Revenue in USD Million; 2016-2026)
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)

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Further key findings from the report suggest
o The weed packing market in Uruguay is estimated to grow at a significant rate of 18.8% during the forecasted period. Its consumption in Uruguay has been increasing since it has been introduced to the eyes of public scrutiny. In 2011, 5.3% of the population admitted to having consumed it. Life prevalence had quadrupled by 2016, with 22.1% of Uruguayans acknowledging some consumption.
o The significant challenges for weed packing players to penetrate the market are cost competitiveness. Reports indicate the majority of the retailers to survive the government fixed price point of USD 1.50 would prefer cheap packing, even on premium products. The rigid segment from the Processed Material in Uruguay was valued at 1.6 billion in 2026.
o The US region accounted for significant share and is expected to grow at a CAGR of 18% during the forecasted period. 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...Continued

Reasons to buy this market intelligence report:
1. Detailed market evaluation both at regional and global levels.
2. Significant changes in market scenario, along with an extensive competitive analysis
3. Classification of the industry based on product type, application, and region
4. Market segments segregated on the basis of type, application, and geography
5. Comprehensive analysis of the historical data and contemporary market scenario to infer industry size, volume, share, growth, and sales
6. Investigation of significant developments in the market dynamics
7. Market segments and regions

Find the extensive Report Description, TOC and Table of Figure @
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In conclusion, the Cannabis Packaging Market report is a reliable source for accessing the Market data that will exponentially accelerate your business. The report provides the principal locale, economic scenarios with the item value, benefit, supply, limit, generation, request, Market development rate, and figure and so on. Besides, the report presents a new task SWOT analysis, speculation attainability investigation, and venture return investigation.

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