Papa and Barkley, Pure Ratios and Charlotte’s Web are Dominating the Global CBD Patch Market in 2020

Global CBD Patch Market is said to grow with the CAGR of 19.1 % in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.

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Global CBD Patch Market is a highly fragmented market, which includes number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

Papa and Barkley is the dominating player in Global CBD Patch Market. The other key players existing in the market includes Pure Ratios, Charlotte’s Web, Bioactive Solutions, Inc., La Mend Inc., Always Pure Organics Ltd, Envy CBD, GoGreen Hemp, Harmony, Healist Naturals, HempBombs.com, Isodiol International Inc., Kangdi Overseas Business Co., Ltd., Manna Molecular, Mary’s Medicinal, Natures Script, Nutrae, LLC., PureKana, SAVAN, Shenzhen Ruiyan Technology Co., Ltd, Snowden Ltd., Social CBD, Upstate Elevator Supply Co., among others

CBD Patch MarketPapa and Barkley

Papa and Barkley is headquartered in California, U.S. The company produces consumer wellness and lifestyle products made up of pure cannabinoids and cannabis terpenes. The company offers wide range of products categories such as Topical, Ingestible, Edibles, Transdermal and Beauty in which Transdermal is the market focused category.

  • In March 2020, Papa & Barkley launched the new product line of innovative rosin-infused skincare products. This cannabis and CBD skincare products are for patients who have irritated skin, sunburn, minor aches, scars, redness among others. This will help the company to increase its portfolio in cannabis and CBD wellness markets.

The company has wide resence across North Americas.

Pure Ratios

Pure Ratios is headquartered in California, U.S. The company offers a line of pain relief topical which includes hemp, essential oils & herbs. The company offers wide range of products categories such CALM Patch, Hemp Patch, Hemp Salve, Roll On, Hemp Kit and Lip Balm in which CALM Patch and Hemp Patch is the market focused category.

  • In July 2020, Materia announced that they had signed an agreement with Pure Ratios to distribute and market its product in the European market. Through this agreement, the company will launch its product in the U.K. market, Europe’s largest CBD market. This agreement will help the company to propel itself into a leading global wellness brand.

The company has wide presence across North America.

Charlotte’s Web

Charlotte’s Web is headquartered in California, U.S. and was founded in 2014. The company produces whole-plant hemp health supplements. The Company operates in business segment Hemp-based CBD wellness products which is also the market focused segment. The company offers wide range of products categories such as CBD Oil, CBD Gummies, CBD Capsules, CBDMEDIC Pain Relief in which CBDMEDIC Pain Relief is the market focused category.

  • In May 2021, CBDMEDIC brand of Charlotte's Web Inc. enter into the partnership with Carli Lloyd, a women's soccer icon of US. After her knee injury and surgery in 2020 she has been using the product and felt its effectiveness. She is now spreading awareness among athletes and fitness enthusiasts about the product and encouraging them to reach their goal. This will help the company to build its brand image in international market.

The company has wide global presence across North Americas with its various subsidiaries such as Charlotte’s Web, Inc. (US) and Abacus Products, Inc. (US).