Press release
Cannabis Packaging Market in North America to grow at a CAGR of 10.40% during the period 2017-2021
The main objective of this report is to define, describe, and forecast the global "Cannabis Packaging" market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.
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About Cannabis Packaging
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.
The cannabis packaging market in North America has undergone significant growth, and various companies have recently launched recyclable packaging solutions such as compostable cellophane bags, metal cans, and compostable pouches. Product marketing through packaging is a focus area for packaging companies, but meeting local and federal laws is critical for success.
Technavios analysts forecast the cannabis packaging market in North America to grow at a CAGR of 10.40% during the period 2017-2021 .
Covered in this report
The report covers the present scenario and the growth prospects of the cannabis packaging market in North America for 2017-2021 . To calculate the market size, the report considers the revenue generated from the sales of cannabis packaging.
The market is divided into the following segments based on geography:
Canada
Mexico
The US
Technavio's report, Cannabis Packaging Market in North America 2017-2021 , has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
Kush Bottles
Laguna Blends
Maple Leaf Green World
J.L.Clark
Other prominent vendors
KAYA CANNABIS
Lexaria Bioscience
LifeLoc Technologies
Market driver
Growing cannabis sales market
For a full, detailed list, view our report
Market challenge
Unpredictable market conditions
For a full, detailed list, view our report
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Market trend
Growing popularity toward sustainable packaging
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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