The year 2021 is already here and although many people are just now beginning to hear about CBD oil, the industry is expected to continue growing. In the next few years, a range of CBD products is only expected to continue growing. In the next five years, CBD oil is going to change a lot of things. We can predict things with reasonable certainty, and other things could surprise us. Here are ten trends that we believe will shape how we look at and use CBD oil across the country in the next five years.
1. More Brands Expanding into Related Cannabis Products
While the legal status of CBD is still in flux, it’s used widely throughout the U.S. as an additive in all sorts of consumer products. Over the last year, we’ve seen a significant uptick in brands selling hemp-derived CBD oil, including more than 100 new CBD product listings just on Amazon this April alone.At 2019’s Consumer Electronics Show, we already saw several big tech companies, such as Microsoft and Amazon, getting involved in the industry, with the potential to change the status quo forever
2. More Microdosing
Microdosing is a trend that has been emerging for the last couple of years, and it is about to continue to grow in the future. As CBD gains popularity as a supplement and alternative medicine, more brands will start to feature small doses of CBD in their products. We have previously seen the microdosing trend with other herbals supplements such as lavender, so it is not surprising to see that CBD could also benefit from it.
The interest in micro-dosing can also be seen from a consumer perspective – people are starting to look for better products for their health and a solution to keep their health checked instead of taking medicine every day. Companies that sell these products usually focus on the small differences between their products and the ones offered by competitors, which could be good or bad depending on how you look at it.
3. CBD Will Become Available in More Products
The CBD space is still new to consumers, and it might take some time for them to become accustomed to using CBD products. However, as time passes, they’ll become more accepting of using CBD products in different formats. As more consumers become comfortable dosing their CBD drops, tinctures, and topicals with ease, product developers will create products that offer the same benefits of CBD without the need for a dropper or a topical
4. Stronger Consumer Awareness
Consumers wanting a legal alternative to prescription meds will spur strong growth in demand for cannabis products. It’s also worth noting that CBD oil will be a major disruptor in the alternative pain medication market, where prescription narcotic painkillers reach their limits. Even though there are legal alternatives to these drugs available, like CBD oil, there are still plenty of people who have addictive personalities and choose not to abstain from the substances they are addicted to. All in all, based on our report, we believe that the CBD oil industry is on the cusp of strong growth as consumer awareness increases and the demand for non-addictive pain relief grows.
5. Federal Legalization and General Acceptance
It’s no longer a question of if, but when federal legalization will happen in the U.S. Legalization, coupled with growing interest from larger players entering the space, will bring CBD oil into the mainstream and lead to high growth over the next five years. According to The Atlantic, in 1990, support for marijuana legalization was at just 25%. By 2017, 60% of Americans support its use for medicinal purposes. General acceptance in society opens the door for CBD oil to be seen as a natural product with many potential health benefits.
6. Cannabis is the Future of Wellness
If you have any lingering doubts about that, the past year has been rather convincing. In September 2018, cannabis was legalized in Canada for recreational use. In the U.S., hemp is officially legal nationwide, and several states have legalized cannabis for recreational and medicinal uses. These are just two examples of a growing trend worldwide as more and more countries slowly come around to the idea that cannabis is not the evil substance it’s been made out to be, but, rather, an integral part of a healthier lifestyle.
7. Cloud Growth
Cloud technology will provide a better way to create loyalty and engagement for customers by offering up-to-date product information via mobile devices. Manufacturers and retailers will have more control of their inventory and recipes while providing consumers access to any information they need at a moment’s notice.
8. Customization Dominance
The ability to customize your product will continue to grow. Customization is in, and it isn’t going anywhere anytime soon. As companies wrestle with how to get the customer experience right, it’s important to realize that you need to offer customization options. You can find such options at https://www.drdabber.com/collections/cbd
Customers expect that they can choose their options as they go through the online shopping experience. A prime example of this is how so many brands are now offering different sizes and types of packages delivered on a subscription basis. As customer tastes become more sophisticated, they will choose different strains, CBD concentrations, and even vegan/ vegetarian options to meet their needs.
9. Animal Testing Free CBD Services
The CBD market is moving toward creating animal-free CBD services, and the industry will continue to grow. In 2021, we will see an increase in the number of companies that offer animal-free CBD products. This will be great for consumers as well as for animal rights activists. Innovative CBD companies that do not use animal products will find it easier to be accepted by a larger audience and experience faster economic success.
10. Lightweight Hemp Board
With the rise in environmental concerns, companies are starting to use lightweight hemp board alternatives in their packaging. Hemp board is made from the pulp of hemp plants instead of trees. It’s known for being sustainable, 100% biodegradable and easy to recycle. It also comes with a very low CO2 footprint.
Hemp board is a great alternative to plastics and other materials that aren’t earth-friendly. It’s versatile and can be used for just about any board based application. Not only will using this product be better for the environment, but it will also be much cheaper than standard packaging options out there.