Cannabis Cultivation Market Size Projections : The global cannabis cultivation market is estimated to be valued at US$ 31,181.09 million in 2021 and is expected to exhibit a CAGR of 18.2% during the forecast period (2022-2028).
The main factors boosting the market’s expansion are the increasing legalisation of cannabis and its use in the treatment of chronic illnesses. Additionally, hemp’s acceptance is growing due to the loosening of rules governing cannabis production, particularly for hemp cultivation by various nations due to its low THC level. The industry for cannabis production is also being driven by the legalisation of marijuana in many different countries and its growing use for medical conditions. For instance, marijuana was authorised for medical use in 35 states and the District of Columbia as of April 2021, and it was also lawful for recreational use in 16 additional states. And as more people adopt the idea of making marijuana legal throughout the United States, that number is certain to rise.
Additionally, a bottleneck in the supply chains has developed in certain nations as a result of the strong demand for medical cannabis. This is mainly because to a sharp rise in demand and restrictions on cultivation in different nations. The pandemic caused 53.2 million additional serious cases of major depressive disorder and 76.2 million additional cases of anxiety disorders globally in 2020, according to research that was published in The Lancet in October 2021. Additionally, a study that was released in September 2020 in the Journal of Addictive Diseases showed a rise in the use of medical cannabis. The study found that when COVID-19 was designated a pandemic on March 11, 2020, people with mental health difficulties increased their use of medical cannabis by 91%. The introduction of Omicron, a new coronavirus, in November 2021 could maintain the high rate of marijuana usage among people with mental health conditions.
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Edition: 2022
Objectives of the Report:
- To carefully analyze and forecast the size of Cannabis Cultivation Market by value and volume.
- To estimate the market shares of major segments of the Industry
- To highlight the development of the Cannabis Cultivation Market in different parts of the world.
- To analyze and study micro-markets in terms of their contributions, prospects, and individual growth trends.
- To offer precise and useful details about factors affecting revenue growth over the forecast period.
- To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Cannabis Cultivation market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.
List of Key players in the global Cannabis Cultivation Market: Pacific Cannabis Growers, Inc., Atlas Growers, Canntrust Holdings, Inc., The Hydropothecary Corporation, Better Holdings, Canopy Growth Corporation, Aphria, Inc., Aurora Cannabis, Tilray, Organigram Holdings Inc., The Cronos Group, Maricann Group, Inc., ABcann Medicinals, Inc., and GW Pharmaceuticals plc. among others.
SWOT Analysis of Global Cannabis Cultivation Market:
In addition to market share analysis of companies, in-depth profile, product/service, and business overview, the study focuses on revenue analysis, as well as SWOT analysis, to better correlate market competitiveness.
Information source and Research Methodology:
Our researchers compiled the study utilizing primary (surveys and interviews) and secondary (industry body databases, reliable paid sources, and trade magazines) data collection methods. The report contains a thorough qualitative and quantitative analysis. Growth trends, micro-and macroeconomic indicators, as well as legislation and government policies are all covered in the research.
Key features of the study:
- This report provides in-depth analysis of the global cannabis cultivation market, and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2022–2028), considering 2021 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new drug launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global cannabis cultivation market based on the following parameters – company overview, financial performance, product portfolio, market presence, distribution strategies, key developments, strategies, and future plans
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Detailed Segmentation:
- Global Cannabis Cultivation Market, By Type:
- Cannabis Indica
- Cannabis Sativa
- Global Cannabis Cultivation Market, By Source:
- Flower/Buds
- Leaves
- Others
- Global Cannabis Cultivation Market, By Application:
- Medical Consumption
- Recreational Consumption
- Industrial Consumption
Purchasing the Cannabis Cultivation Market for the Following Reasons:
⮞The study examines emerging market trends as well as the likelihood that various trends will impact expansion.
⮞The analysis also discusses the factors, challenges, and opportunities that will have a significant impact on the global Cannabis Cultivation industry.
⮞Technological tools and benchmarks that reflect the industry’s projected growth of the Cannabis Cultivation industry.
⮞The research includes a detailed analysis of market statistics as well as historical and current growth conditions in order to provide futuristic growth estimates.
⮞The research includes a detailed analysis of market statistics as well as historical and current growth conditions in order to provide futuristic growth estimates.
What are the goals of the report?
⮞The predicted market size for the Cannabis Cultivation Market Industry at the conclusion of the forecast period is shown in this market report.
⮞The paper also analyses market sizes in the past and present.
⮞The charts show the year-over-year growth (percent) and compound annual growth rate (CAGR) for the given projected period based on a variety of metrics.
⮞The research contains a market overview, geographical breadth, segmentation, and financial performance of main competitors.
⮞The research evaluates the current situation of the industry in North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa,as well as future growth opportunities.
⮞The study examines the future period’s growth rate, market size, and market worth.
Some of the Key Questions Answered in this Report:
- What will be the market size and the growth rate by the end of the forecast period?
- What are the key Cannabis Cultivation Market trends impacting the growth of the market?
- What are the potential growth opportunities and threats faced by the leading competitors in the market
- What are the key outcomes of Porter’s five forces analysis and the SWOT analysis of the key players functioning in the global Cannabis Cultivation Market?
- This report gives all the information regarding industry Overview, analysis and revenue of this market.
- What are the market opportunities and threats faced by the vendors in the global Cannabis Cultivation Market?
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Table of Content
Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Market Size Analysis from 2022 to 2028
11.6 COVID-19 Outbreak: Cannabis Cultivation Industry Impact
Chapter 2 Cannabis Cultivation Competition by Types, Applications, and Top Regions and Countries
2.1 Market (Volume and Value) by Type
2.3 Market (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Cannabis Cultivation Sales, Consumption, Export, Import by Regions (2016-2021)
Chapter 5 North America Industry Market Analysis
Chapter 6 East Asia Cannabis Cultivation Market Analysis
Chapter 7 Europe Industry Market Analysis
Chapter 8 South Asia Cannabis Cultivation Market Analysis
Chapter 9 Southeast Asia Market Analysis
Chapter 10 Middle East Cannabis Cultivation Market Analysis
Chapter 11 Africa Market Analysis
Chapter 12 Oceania Market Analysis
Chapter 13 South America Cannabis Cultivation Market Analysis
Chapter 14 Company Profiles and Key Figures in Cannabis Cultivation Business
Chapter 15 Cannabis Cultivation Market Forecast (2022-2028)
Chapter 16 Conclusions
Research Methodology
Continued….
Finally, the report majorly enlightens the key growth and limiting factors which majorly targets at the center of the market affecting the growth and its development in either positive or negative extent. The report also specifies the impact of regulations and policies implemented by the administration over the current growth and upcoming opportunities that may lead to the market development escalation. The Cannabis Cultivation Market report offers a superior vision of the global market, which will help clients to manage the business precisely with better growth and expansion compared to its contenders in the market.
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