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Showing posts from August, 2022

U.S. Cannabis Packaging Market Segments Analysis and Growth Forecast Report

The  U.S. cannabis packaging market  size is expected to reach USD 9.3 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 30.6% over the forecast period. Cannabis is the most consumed drug other than alcohol and tobacco. According to the National Institute on Drug Abuse, more than 11.8 million young adults reported consumption of marijuana in 2018. The growing support of U.S. citizens for the use of medical cannabis will also fuel the market growth. With the rising popularity of vaping devices, teens have started vaping THC and nearly 4.0% of 12th graders respond they vape THC on daily basis. These numbers are projected to increase in the future along with the legalization of marijuana for medical use or adult recreational use in U.S. states including Colorado, Washington, Alaska, Oregon, Washington, D.C., California, Maine, Massachusetts, Nevada, Michigan, Vermont, Guam, Illinois, Arizona, Montana, New Jer...

Metal Stamping Market Segments Analysis and Growth Forecast Report

The global  metal stamping market  size is expected to reach USD 310.69 billion by 2030, expanding at a CAGR of 4.7% over the forecast period, according to a new report by Grand View Research, Inc. The increasing production of automobiles is anticipated to drive the demand for metal stamping as it is used in the manufacturing of car body panels, transmission components, and interior and exterior structural components. Metal Stamping Market Report Highlights ·          The blanking segment is anticipated to progress at a significant CAGR over the forecast period owing to the increasing demand from the automotive industry on account of its precise and superior stamping ability ·          The bending segment accounted for the maximum revenue share in 2021. Products manufactured using this process ensure stability and durability, thus it is mostly used in auto components ·    ...