According to a market report by Lucintel, the future of the cannabis packaging market in the US looks promising with opportunities in the medical and recreational markets. The major drivers for this market are rise in the demand for pre-packaged cannabis and rising demand for cannabis products in medical and recreational.
In this market, rigid and flexible are the major material types. Rigid packaging will remain largest segment over the forecast period due to rising demand for sustainable packaging material and increasing usage of vials and bottles for medical cannabis packaging.
Within the cannabis packaging market, the medical segment is expected to witness the highest growth over the forecast period due to growing consumer demand for cannabis in pain relief and increasing legalization of cannabis for medicinal applications.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the cannabis packaging market in the US by type, material type, and end use industry and has compiled a comprehensive research report titled “Growth Opportunities for the Cannabis Packaging Market in the US 2021-2026: Trends, Forecast, and Opportunity Analysis..” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the cannabis packaging market in the US by type, material type, and end use industry as follows:
By Type [$ Million Shipment Analysis from 2015 to 2026]:
By Material Type [$ Million Shipment Analysis from 2015 to 2026]:
Cardboards
Glass
Metal
Plastics
Others
By End Use Industry [$ Million Shipment Analysis from 2015 to 2026]:
Medical Use
Recreational Use
Others
This more than 50 pages research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link…… or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.