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.
Federal laws and cannabis packaging norms is a short term restraint for the industry as it cultivates in nonlinear growth for manufacturers as inventory cost raises by 12.89% with every change in policies and norms.
Customized packaging, design and recyclable materials are the current trends up roaring in this market with the recyclable materials gaining a 6 % rise in market share in the U.S. regional market.
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A complete insight into the report
The latest market research report titled Cannabis Packaging Market offers a detailed evaluation of the market situation within a specific geographic region. This Cannabis Packaging Market study contains vital data on market shifts owing to social, economic, cultural and technological changes worldwide. Explaining market opportunities remains the key focus of the study. Industry experts analysing the business environment also take a closer look at the organizational alignment as well as the capital structure.
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Understanding the market size
The size of the Cannabis Packaging Market is viewed in terms of the Share of Market, Total Available Market as well as Served Available Market. Not only does the study present the combined revenue for a particular market but also the market size for a specific geographic region. Analysis of percentage or the size of the Total Available Market based on the type of product, technology, regional constraints and others form an important part of the Cannabis Packaging report.
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Knowing the trends influencing the industry performance
Stakeholders, marketing executives and business owners planning to refer a market research report can use this study to design their offerings and understand how competitors attract their potential customers and manage their supply and distribution channels. When tracking the trends researchers have made a conscious effort to analyze and interpret the consumer behaviour. Besides, the research helps product owners to understand the changes in culture, target market as well as brands so they can draw the attention of the potential customers more effectively. Our trend analysis looks for the crucial connection between consumer trends, behaviour and values, to provide context for the sectors, demographics and global themes that matter to you.
How geography and sales fit together
The study works as a boon for all business owners trying to identify the exact size of the target audience in a specific geographic location. The report on the Cannabis Packaging Market enables entrepreneurs to determine the regional market for their business expansion. The study answers the questions below:
• Where do the requirements come from?
• Where do non-potential customers reside?
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• What is the spending power of the customers in a specific region?
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The Cannabis Packaging Market report attempts to answer the questions below:
• How will major vendors grow their business during the forecast period, 2017 to 2025? What will matter most to their customers?
• What are the competitors doing best to stay ahead of others?
• What customers like to buy? How can prominent market players tailor their offerings to lure the potential customers?
• How can business owners operating in the Cannabis Packaging Industry minimize risks?
• What will be the status of
– Supply chain management
– Distribution channel
– Top-notch companies
– Market segmentation
– Brand positioning and more
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