North America Marijuana Grow Kits Marketfor Recreational Application,Trends, Demand, Growth, Challenges and Competitive Outlook

PRESS RELEASE
Published November 13, 2023

The large scale North America Marijuana Grow Kits Marketfor Recreational report highlights all-inclusive professional study of the HELATH industry which focuses on primary and secondary drivers, market share, competitor analysis, leading segments and geographical analysis. This global market research report is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. The market research performed here also provides information about manufacturers, market competition, cost, market effect factors for the forecast  By providing trustworthy market research information, North America Marijuana Grow Kits Marketfor Recreational report helps to extend reach to the success in the business.

The competitive analysis of the major market players studied in the top notch North America Marijuana Grow Kits Market for Recreational document assists businesses take better moves for improving their product and sales.

Data Bridge Market Research analyses that the marijuana grow kits market for recreational which was USD 22.03 billion in 2021, would rocket up to USD 52.25 billion by 2029, and is expected to undergo a CAGR of 11.40% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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Marijuana (cannabis) is a dried, shredded mixture of the cannabis sativa plant’s leaves, stems, seeds, and flowers that comes in green, brown, or grey colours. Marijuana is a psychotropic, mind-altering recreational drug as well as a treatment for certain medical conditions. THC is the active ingredient that causes the “high” (delta-9-tetrahydrocannabinol). Marijuana is the most abused drug in the United States, according to the National Institute on Drug Abuse (NIDA).

Drivers

  • Usage of marijuana in the medical field

The widespread use of marijuana in the medical field, many manufacturers have decided to invest in the marijuana growing industry, which will allow them to cultivate marijuana indoors rather than out in the open, as it is still illegal in many countries. Marijuana is still illegal in most countries, thus most firms purchased their own land for indoor marijuana production in order to use it in medicinal products and other businesses, further increasing demand. Because the marijuana plant requires a wide range of safety and monitoring in each phase for optimum growth.

  • Increasing growth potential in marijuana grow kits

Marijuana grow kits have the most potential for growth, as more than half of the population is using them to cultivate their own crops and utilise them to make a variety of medical and recreational goods, which might help the market grow.

Opportunities

  • Increase in legalization and rise in social acceptance of marijuana

Marijuana legalisation is frequently viewed in a dual light, with scepticism connected with the possibility of abuse. People can now use cannabis in a safe manner while also benefiting from its medical properties. As a result, numerous governments around the world are increasingly legalising its use. While most countries around the world have yet to legalise recreational use, attitudes toward its use and sale have been more relaxed over time. As a result, its use is becoming increasingly popular in numerous places, propelling the total market forward.

Restraints/Challenges

The average worker’s annual compensation is fairly expensive, both for trained and non-skilled labour, which raises the overall costs of the entire process, and this factor can slow market growth.

This marijuana grow kits market for recreational report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the marijuana grow kits market for recreational contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Investing in this study would grant you access to valuable information, including:

  • Comprehensive coverage of the Industry, both globally and broken down by region.
  • Regional-level breakdowns of the market, including North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
  • Country-specific market size splits for the most important countries with major market shares.
  • Market share and revenue/sales data for the industry’s leading players.
  • Analysis of market trends such as emerging technologies, products, and start-ups, as well as PESTEL Analysis, SWOT Analysis, Porter’s Five Forces, and more.
  • Detailed market size data, including breakdowns by application/industry verticals.
  • Projections and forecasts for the market’s future growth and development.

Recent Development

  • In April 2020, SaniPure UVC, a new sanitising UVC light from California LightWorks, is now available to protect plants from diseases. The company hopes to increase its product portfolio in the market with this launch.

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Some of the major players operating in the marijuana grow kits market for recreational are:

  • VIVOSUN (U.S)
  • Pretty Green Budz (U.S)
  • Gorilla Grow Tent (U.S)
  • California LightWorks (U.S)
  • BESTVA LED (U.S)
  • Black Dog Grow Technologies, Inc (U.S)
  • Mars Hydro (China)
  • The Bud Grower (U.S)
  • TopoGrow (U.S)
  • ViparSpectra (Canada)
  • Goldleaf Hydroponics (U.S)
  • BC Northern Lights (Canada)
  • HTG Supply (U.S)
  • Grobo (Canada)
  • Kind LED Grow Lights (U.S)

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Key Advantages of the Report: 

  • This study provides an analytical overview of the industry, including current trends and future predictions to identify potential investment opportunities.
  • The report offers insights into key drivers, limitations, and prospects, along with a comprehensive market share analysis.
  • The report quantitatively assesses the current market, shedding light on its growth prospects.
  • A Porter’s five forces analysis gauges the bargaining power of buyers and suppliers in the market.
  • The report delivers an in-depth market analysis that considers competitive dynamics and forecasts the future competitive landscape.

What to Anticipate from the Report – A 7-Point Guide:

  • The report delves into the holistic strategy and innovation within the market ecosystem.
  • It highlights prominent market drivers and obstacles, providing clarity on technological standardization and regulatory frameworks.
  • The report evaluates various implementation models and examines numerous use cases.
  • Serving as a valuable resource, the report offers essential industry insights, showcasing information on new investments, stakeholders, relevant contributors, and market participants.
  • Through the forecast period, the report conducts a thorough market analysis, referencing historical developments, ongoing events, and future growth prospects.

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