The latest report titled “Global Cannabis Packaging Market Research Report 2020-2025” divided by product type, applications, industry verticals, and research regions build an in-depth explanation of the perspectives, and comprehensive market statistics. The report presents a thorough analysis of the Cannabis Packaging Market covering key trends, deployment models, challenges, market drivers, future roadmap, ecosystem player profiles, strategies, and value chain.
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Top Key Players in the Global Cannabis Packaging Market: AIG, Chubb, XL Group, Beazley, Allianz, Zurich Insurance, Munich Re Group, Berkshire Hathaway, AON, AXIS Insurance, Lockton, CNA, Travelers, BCS Insurance, Liberty Mutual.
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 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.
Market segment by Type, the product can be split into
Market segment by Application, split into
Geographically, the report includes the research on production, consumption, revenue, market share and growth rate, and forecast of the following regions:
Europe (Germany, UK, France, Italy, Spain, Russia, Poland)
Southeast Asia (Malaysia, Singapore, Philippines, Indonesia, Thailand, Vietnam)
Central and South America (Brazil, Mexico, Colombia)
Middle East and Africa (Saudi Arabia, United Arab Emirates, Turkey, Egypt, South Africa, Nigeria)
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This Cannabis Packaging Market statistical surveying report underlines the leading merchants in this market everywhere throughout the world. This sector of the report includes the market depictions, requirements, and product portrayals, manufacture, competence, contact figures, cost, and revenue. In a comparable way, automated gathering, upstream raw materials, and downstream demand studies are administered.
Influence of the Cannabis Packaging Market report:
-Comprehensive assessment of all opportunities and risk in the Cannabis Packaging Market.
– Cannabis Packaging Market recent innovations and major events.
-Detailed study of business strategies for growth of the Cannabis Packaging Market -leading players.
-Conclusive study about the growth plot of Cannabis Packaging Market for forthcoming years.
-In-depth understanding of Cannabis Packaging Market -particular drivers, constraints and major micro markets.
-Favorable impression inside vital technological and market latest trends striking the Cannabis Packaging Market.
Finally, Cannabis Packaging Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and Market development rate and figure and so on. This report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.
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