Advance Market Analytics added research publication document on Worldwide Cannabis Packaging Market breaking major business segments and highlighting wider level geographies to get deep dive analysis on market data. The study is a perfect balance bridging both qualitative and quantitative information of Worldwide Cannabis Packaging market. The study provides valuable market size data for historical (Volume** & Value) from to which is estimated and forecasted till *. Some are the key & emerging players that are part of coverage and have being profiled are Kush Bottles (United States), LifeLoc Technologies (United States), Maple Leaf Green World (Canada), Lexaria Bioscience (Canada), KAYA CANNABIS (Jamaica), J.L.Clark (United States), Sana Packaging Inc. (United States), Oceanworks Inc. (United States).
If you want to learn more, please visit our website Kush Packaging.
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Cannabis packaging termed as marijuana packaging, which keeps freshness as well as aroma sealed inside, to protect it from outer contaminated components such as moisture, oxygen, and UV light. Earlier, cannabis was packaged and distributed in tiny, discreet plastic bags but nowadays most of the businesses have adopted cannabis packaging solution which offers various colours, graphics, and designs. Vials and Bottles have become a widely used form of medical cannabis packaging. This kind of protective packaging is not only obtainable to keep medical marijuana pristine, but it is also used by firms creating cannabis-infused coffee and tea to keep leaves and grounds fresh.
On 10 Jan , US-based sustainable and compliant packaging solutions firm Sana Packaging has established a partnership with Oceanworks to introduce a new line of reclaimed ocean plastic cannabis packaging. The new product line is made using 100% plant-based and chemical-free hemp plastic. The company will introduce the products this year.
Keep yourself up-to-date with latest market trends and changing dynamics due to COVID Impact and Economic Slowdown globally. Maintain a competitive edge by sizing up with available business opportunity in Cannabis Packaging Market various segments and emerging territory.
Market Drivers
· Growing cannabis sales
· An innovation of new product varieties
· Regulatory recommendations in cannabis packaging and labeling
Opportunities:
· Emerging Demand from Economies
Analysis by Type (Rigid Packaging, Flexible Packaging, Semi-Rigid Packaging), Application (Food, Tea and Hemp Juice, Hemp Fiber, Hemp Sacks, Ropes, Canvas)
Competitive landscape highlighting important parameters that players are gaining along with the Market Development/evolution
&#; % Market Share, Segment Revenue, Swot Analysis for each profiled company [Kush Bottles (United States), LifeLoc Technologies (United States), Maple Leaf Green World (Canada), Lexaria Bioscience (Canada), KAYA CANNABIS (Jamaica), J.L.Clark (United States), Sana Packaging Inc. (United States), Oceanworks Inc. (United States),]
&#; Business overview and Product/Service classification
&#; Product/Service Matrix [Players by Product/Service comparative analysis]
&#; Recent Developments (Technology advancement, Product Launch or Expansion plan, Manufacturing and R&D etc)
&#; Consumption, Capacity & Production by Players
Have Any Questions Regarding Global Cannabis Packaging Market Report, Ask Our Experts@ https://www.advancemarketanalytics.com/enquiry-before-buy/-global-cannabis-packaging-market?utm_source=LinkedIn&utm_medium=AMA
The regional analysis of Global Cannabis Packaging Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world. Whereas, owing to rising no. of research activities in countries such as China, India, and Japan, Asia Pacific region is also expected to exhibit higher growth rate the forecast period -. In late , the Council on Responsible Cannabis Regulation (CRCR) and the National Cannabis Industry Association (NCIA) joined forces on a project designed to address the need for best practices and greater consistency in state regulation of cannabis packaging and labeling. The central goal was to generate detailed regulatory recommendations for cannabis packaging and labeling for state regulators based on feedback from a diverse working group of subject-matter experts, stakeholder surveys and input, as well as an examination of federal standards for similar products and lessons from legal cannabis states.
Table of Content
Chapter One: Industry Overview
Chapter Two: Major Segmentation (Classification, Application and etc.) Analysis
Chapter Three: Production Market Analysis
Chapter Four: Sales Market Analysis
Chapter Five: Consumption Market Analysis
Chapter Six: Production, Sales and Consumption Market Comparison Analysis
Chapter Seven: Major Manufacturers Production and Sales Market Comparison Analysis
Chapter Eight: Competition Analysis by Players
Chapter Nine: Marketing Channel Analysis
Chapter Ten: New Project Investment Feasibility Analysis
Chapter Eleven: Manufacturing Cost Analysis
Chapter Twelve: Industrial Chain, Sourcing Strategy and Downstream Buyers.
Read Executive Summary and Detailed Index of full Research Study @ https://www.advancemarketanalytics.com/reports/-global-cannabis-packaging-market?utm_source=LinkedIn&utm_medium=AMA
Highlights of the Report
&#; The future prospects of the global Cannabis Packaging market during the forecast period - are given in the report.
&#; The major developmental strategies integrated by the leading players to sustain a competitive market position in the market are included in the report.
&#; The emerging technologies that are driving the growth of the market are highlighted in the report.
&#; The market value of the segments that are leading the market and the sub-segments are mentioned in the report.
&#; The report studies the leading manufacturers and other players entering the global Cannabis Packaging market.
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Flower is &#; and continues to be &#; the primary category sold at dispensaries. According to Flowhub data, flower made up 58% of total sales in .
But how it&#;s sold isn&#;t consistent.
Continue reading for 4 reasons why cannabis dispensaries choose to pre-package flower.
Top Selling Cannabis Products: Is Flower Still King?
Pre-packing your flower provides a clean and quality product for your client. The more cannabis is handled, smelled, and examined &#; at every stage of the supply chain &#; the more susceptible it becomes to contaminants, like mold and mildew.
Think about an average transaction taking place in a deli-style dispensary:
This is a common scenario, but a basic understanding of germs makes it less appealing. While it&#;s unlikely that viruses or bacteria will be transferred from flower, it is likely that the quality of the bud will be impacted.
Diego Pellicer (CO) uses sample size sniffers so customers can smell flower without risking contamination. (Photo pre-COVID)The quality of the product is dependent on your employees and their cleanliness, but also on how the flower is processed, shipped, and stored.
With deli-style, most dispensaries clean and reuse storage containers. You can&#;t promise that you&#;re providing customers with a safe, unaltered product if you&#;re reusing containers.
Pre-packaging &#; when done with stringent packaging and sealing processes &#; can help ensure customers receive a clean, uncontaminated product.
Finally, pre-packaging helps ensure compliance with cannabis packaging and label regulations. In many states, marijuana flower must be sold in opaque, child-resistant, resealable packaging. Labels must include specific details, such as warnings, ingredients, and expiration date.
Choosing to pre-package means every package is labeled and handled according to state regulations, reducing risk and taking human error out of the equation.
With deli-style, containers are either left open, or continually opened throughout the day to let customers sniff and/or actually package up the bud. Exposure to air makes the flower dry out faster, which will impact quality.
Pre-packaging flower seals in humidity and preserves the desirable compounds that give cannabis it&#;s aroma and flavor. &#;
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Research has shown that exposure to light and air can degrade cannabinoids and terpenes over time.
Pre-packaging also improves the shelf life of your flower. This means less spoilage, which impacts your bottom line.
However, how products are packaged and sealed is vital. Many brands are choosing child-proof glass containers, packaged in a box to block out light, and include humidity packs to keep the product fresh, similar to packaged foods.
The Pass (MA) uses pre-packaging as a tool to expand their brand through a beautiful unboxing experience.Part of sealing in freshness is also sealing in scent. For dispensaries that wish to create a more clinical or upscale retail environment, controlling odors may be desirable.
In addition to freshness, there&#;s an opportunity with pre-packaging to expand your brand identity with stunning visuals and curated experiences. Much like the joy of opening a new iPhone, modern dispensaries create experiences for customers through their packaging, often with a nod to eco-friendliness and sustainability.
8 Cannabis Marketing Strategies
Cannabis flower naturally loses weight due to moisture evaporation. This impacts customer satisfaction and bud quality, but also causes discrepancies in your inventory.
Shrinkage and loss prevention are big issues for dispensaries. According to the National Retail Security Survey, shrinkage rates in were 1.4%.
If you buy bulk bud by weight, you&#;ll automatically have lost revenue because the weight you paid for and the weight you ultimately sell won&#;t be the same. You will also have to account for what happened to that lost flower in your state track and trace system.
With deli-style, you&#;ll also have loss from weighing heavy, dropping flower, human error, etc.
Pre-packaging flower prevents weight loss, especially in drier climates. It also prevents loss of shake and kief due to handling.
Image courtesy of Dr. Greenthumb's San FranciscoBeyond loss, managing bulk flower is just more complicated &#; especially in Metrc states &#; because you can&#;t mix flower from different packages.
If a customer wants a quarter, but you only have an eighth left in the container, you either have to go get a new container (and risk having two of the same strain open on the floor) or split the sale into two transactions to account for a separate line item for each package. If it&#;s messed up, you&#;ll go negative in Metrc.
Pre-packaging reduces the likelihood of selling from the wrong package.
Managing and moving inventory is also more efficient with pre-packaged.
Instead of constantly reweighing and handling the product, and also worrying about crushing or dropping the flower, you can simply scan the barcode and move onto your next task. Auditing and reporting are also simpler, quicker and significantly more accurate.
How to Reduce Shrinkage at your Dispensary
Pre-packaging flower can help your dispensary be more efficient, leading to increased revenue and decreased cost.
As the cannabis industry consolidates, prices fall, and competition increases, it&#;s imperative that you streamline operations.
One immediate efficiency is in the transaction process. Rather than spending time hand-selecting, weighing, and packaging bud for each customer, budtenders simply grab the product, ring it up, and collect payment.
This means more customers can move through your store in a given day, without sacrificing service or education.
For popular dispensaries or those with small stores and long lines, a switch to pre-packed could make a dramatic difference in daily sales. The time spent packaging bud could lead to lost sales down the line.
While pre-packed bud is great for dispensary operations, not all customers like it.
The primary complaint is not knowing that they got what they paid for. Or in the case of dispensaries without sniffer jars, not knowing what they&#;re buying in the first place.
Another issue is quality. Until customers get home and open the package, it&#;s difficult to know if it's a high-quality bud or mostly shake and leaves. Though it doesn't necessarily show quality, watching a budtender pull nugs out of a glass jar helps customers feel confident in their purchase.
Not every customer will be happy if you switch to pre-packed cannabis flower, but if you&#;re focused on high-quality bud and packing processes, they will notice the freshness and value.
Pre-packaged flower is becoming increasingly common, especially at large dispensaries, so many cannabis consumers are already familiar with the process.
A switch to pre-packaged flower may not be as disruptive as you think.
There's also a middle ground. Consider a hybrid model where some bud is pre-packed, and some is available for deli-style. At a minimum, allow customers to see and smell small samples of your flower.
While it may seem beneficial to allow customers to look at, smell, and pick desired nugs, the negatives of the deli-style process are beginning to outweigh the benefits. However, pre-packaging weed may not be the best solution for all dispensaries.
The dissenters teach us that quality and reputation are everything. Prove to your customers that your pre-packed cannabis is as good as, or even better than, the deli-style option and you&#;ll find the sweet spot of streamlining operations and improving customer experience.
Interested in other tactics for streamlining dispensary operations? Read next: How to Increase Dispensary Efficiency to Earn More Revenue
Contact us to discuss your requirements of 14g Weed Bags. Our experienced sales team can help you identify the options that best suit your needs.