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Allied Market Research

Biometric Cannabis Storage Boxes Market Technology (Signature Recognition, Fingerprint Recognition, Voice Recognition, Vein Recognition, Hand Recognition, Face Recognition, Iris Recognition, Others) End User (Male, Female) Distribution Channel (Supermarkets & Hypermarkets, Retail Stores, Online) : Global Opportunity Analysis and Industry Forecast, 2020-2027

A07667
Pages: NA
Dec 2020 | 110 Views
 
Author(s) : NA
Tables: NA
Charts: NA
 

COVID-19

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The biometric cannabis storage boxes are the secure boxes which are being used for storing the cannabis safely and the market related to same is experiencing a significant growth on the global scale, and possesses required potential to grow consistently in the years to come. Such fully secure biometric based boxes are being bought by the consumers to maintain safety of Cannabis. These work on the technology where biological statistics of the owner is examined precisely by capturing the human body functions and thus the same is being used in the later stage for the owner’s identification. It’s very useful product when it comes to secure storage of Cannabis.

Market scope and structure analysis

                Report Metric

                                         Details

  Market Size Available for Years

  2020–2027

  Base Year Considered

  2019

  Forecast Period

  2021–2027

  Forecast Units

  Value ($US)

  Segments Covered

  Technology, End User, and Distribution Channel

  Regions Covered

North America (U.S. and Canada), Europe (Germany, UK, France, Italy, Spain and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil, Mexico, and Rest of LAMEA)

  Companies Covered

 Hakuna Supply , Keep Labs, Invixium

 

COVID-19 Scenario Analysis: 

  • The closure of factories due to COVID-19 led to decline in the production of biometric cannabis storage boxes in these industries. This not only affected the scale of production but also the growth of these industries.
  • The online platforms, shops, and retails stores were shut due to lockdown observed worldwide. This which affected the trade of these products. This in turn hampered the sales of biometric cannabis storage boxes in various countries.
  • The sales of these products is expected to experience a gradual increase once the countries start lifting up the lockdown and start trade.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

People tend to store expensive and potent Cannabis securely owing to the legal sale and purchase of Cannabis in several countries around the world. Further, underage children can gain access of Cannabis easily due to its availability. This makes it important to use secure devices like biometric cannabis storage boxes to sell this product. This is expected to boost the growth of the market.

On the other hand, neither the crowd-funders nor mass retailers wish to get into anything related to Cannabis due to federal related laws and the negative image retained by the product. 

The global biometric cannabis storage boxes market trends are as follows:

Attractive Design and Outlay

Companies tend to focus on the design of the packaging of cannabis to attract the maximum customers to make them buy the product. They are crafting the biometric cannabis storage boxes with unique outlays. For instance, KEEP’s biometric cannabis storage containers possess well-defined organization pods in varied sizes that help in storing everything in tidy and organized manner. LED lightings are being used to illuminate the stash, which can be controlled from different mobile applications. 

Development of Multi-features Biometric Cannabis Storage Boxes 

Many of the major players focus on the delivery of the products that offer other features to remain competitive in the market. For instance,  KEEP’s Secure Stash Box offered multiple special features that helps keep the Cannabis safe from the unwanted and unauthorized users and send notification to the owner if the box is moved from its actual place. This box also featured temperature and humidity monitor to ensure the freshness of the stored Cannabis.

         Key Segments Covered:

              Segments

                               Sub-segments

  Technology

  • Signature Recognition
  •  Fingerprint Recognition
  •  Voice Recognition
  •  Vein Recognition
  •  Hand Recognition
  • Face Recognition
  • Iris Recognition
  • Others

  End User

  • Male
  • Female

  Distribution Channel

  • Supermarkets & Hypermarkets
  • Retail Stores
  • Online

 

Key Benefits of the Report:

  • This study presents the analytical depiction of the global biometric cannabis storage boxes industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global biometric cannabis storage boxes market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global biometric cannabis storage boxes market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global biometric cannabis storage boxes market analysis based on competitive intensity and how the competition will take shape in the coming years. 

Questions Answered in the Biometric Cannabis Storage Boxes Market Research Report:

  • What are the leading market players active in the biometric cannabis storage boxes market?
  • What the current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
 
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