U.S. Cannabis Seeds Market was valued at USD 484.44 million in 2021 and is expected to reach USD 2,089.72 million by 2029, registering a CAGR of 16.70% in 2022-2029. The “regular seeds” accounts for the largest seed type segment in the cannabis seeds market within the forecasted period as majority of the companies are manufacturing regular seeds and also they don’t require many efforts and are easy to grow. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behavior.
It Becomes easy to achieve supreme level of market insights and obtain knowhow of the best market opportunities into the specific markets with an outstanding U.S. Cannabis Seeds Market report. The report lists down the company profiles of major market players and brands which explore their actions about product launches, product enhancements, joint ventures, mergers and acquisitions with respect to effect on the sales, import, export, revenue and CAGR values.
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The Major players profiled in this report include:
- Seed Cellar (U.S.)
- HUMBOLDT SEED COMPANY (U.S.)
- BARNEY’S FARM (Netherlands)
- Dinafem Seeds (Spain)
- Tropical Seeds Co. (India)
- Sweet Seeds (U.S.)
- Serious Seeds (Netherlands)
- Sensi Seeds (Amsterdam)
- Green House Seed Co. (Netherlands)
- Love Growing Marijuana (Netherlands)
Report Scope and Market Segmentation
| Report Metric | Details |
| Forecast Period | 2022 to 2029 |
| Base Year | 2021 |
| Historic Years | 2020 (Customizable to 2019 – 2014) |
| Quantitative Units | Revenue in USD Million, Volumes in Units, Pricing in USD |
| Segments Covered | By Seed Type (Regular Seeds, Feminized Seeds, Autoflowering Seeds), Strain (Indica, Hybrid, Sativa), Compound (THC Dominant, CBD Dominant, Balanced THC and CBD), Category (Inorganic, organic), Distribution Channel (Store Based Retailing, Online/E-Commerce Retailing), Type of Vendors (Resellers, Breeders, Seeds Manufacturing Companies) |
| Market Players Covered | Seed Cellar (U.S.), HUMBOLDT SEED COMPANY(U.S.), BARNEY’S FARM (Netherlands), Dinafem Seeds (Spain), Tropical Seeds Co. (India), Sweet Seeds (U.S.), Serious Seeds (Netherlands), Sensi Seeds (Amsterdam), Green House Seed Co. (Netherlands), Love Growing Marijuana (Netherlands), DeliciousSeeds (U.K), Christiania Seeds (Denmark), Nymera (France ), T.H.Seeds (Netherlands), Royal Queen Seeds (Barcelona), Dutch Passion (Netherlands), Paradise Seeds B.V. (Netherlands) and Crop King Seeds (Canada) |
| Market Opportunities |
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Methodologies utilized to evaluate the market-:
This world class U.S. Cannabis Seeds Market report also explains market definition, classifications, applications, and engagements in the market. The key factors discussed in the report, will surely aid the buyer in studying the market on competitive landscape analysis of prime manufacturers, trends, opportunities, marketing strategies analysis, market effect factor analysis and consumer needs by major regions, types, applications in global market considering the past, present and future state of the industry.
Cannabis Seeds Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Increasing Utilization and Legalization
This demographic profile is predicted to raise cannabis demand around the world due to the effectiveness of cannabis on numerous chronic conditions. Highly legalized territory with strong demand for cannabis seeds, resulting in significant revenue creation, which is assisting the market’s growth across the globe.
Additionally, the growing demand for cannabis across various sectors owing to its benefits is estimated to bolster the market’s overall growth. Furthermore, the increase in disposable income and the increase in purchasing power among the consumers fuel the market growth. The surging consumer’s awareness regarding the medical consumption of cannabis also acts as a market driver.
Opportunities
- Modification and Intellectual Property Rights
The active research genetic development and modification of the plant are estimated to generate lucrative opportunities for the market, which will further expand the cannabis seeds market’s growth rate in the future. Additionally, the advancements in intellectual property rights of cannabis are also estimated to offer numerous growth opportunities within the market.
Restraints/Challenges U.S. Cannabis Seeds Market
- Regulatory Structure
Complex regulatory structure for cannabis creates hurdles for businesses, and as a result, complex regulatory structure for cannabis use acts as a market restraint.
- Environment Issues
Large-scale cannabis growing is causing environmental difficulties, which are projected to be challenge for the cannabis seeds market over the forecast period.
This cannabis seeds market 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 cannabis seeds market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Cannabis Seeds Market
The cannabis seeds market was largely impacted by the outbreak of COVID-19. At the beginning, it had a negative impact on the cannabis business, as consumers were restricted from visiting brick-and-mortar stores as a result of the shutdown. The lockdown harmed production across the globe and exacerbated the existing manufacturing slump and trade uncertainty.
On the flip side, the epidemic aided in raising public knowledge and interest in the medical use of marijuana. Various research has also been conducted during the pandemic, focusing on the use of cannabis for COVID-19 treatment, since it has showed significant promise in the fight against COVID-19, owing to its anti-inflammatory qualities. According to a recent study published in the journal aging, cannabis can help COVID-19 patients by lowering a cytokine storm and protecting lung tissue from inflammatory damage. Cannabis and its components also offer other essential therapeutic effects, such as pain alleviation and anxiety reduction. More research is needed before any conclusions can be drawn about cannabis’s pain-relieving and anxiety-reducing properties in COVID-19 patients. Additionally, many cannabis businesses began depending extensively on social media and e-commerce platforms to market to customers. On March 30, 2020, the Alberta government declared cannabis retail shops, producers, manufacturers, distributors, and warehouses to be essential services.
Recent Developments
- In June 2021, Canopy Growth, one of the world’s largest cannabis companies, has completed the acquisition of The Supreme Cannabis Company, acquiring 100% of the company’s issued and outstanding common shares. Furthermore, Canopy’s total leadership position in the Canadian recreational market is strengthened by the acquisition of Supreme, which results in a pro forma Q4 FY 2021 market share of 18.1 percent 1. Furthermore, the acquisition provides an immediate opportunity for value development, with $30 million in synergies expected to be realised within the next two years.
- In March 2021, STADA Arzneimittel AG, one of Germany’s leading pharmaceutical companies, has entered the medical cannabis market with a deal with MediPharm Labs, a Canadian company, to introduce two flower products and six more in the future. MediPharm will deliver GMP certified medicinal cannabis products to STADA and manufacturing, logistical, and regulatory support under the conditions of the exclusive collaboration. STADA will be in charge of commercializing cannabis products, first in Germany, as well as marketing and medical education, with a field force with pharmaceutical experience.
Some Points from Table of Content
Chapter 1 U.S. Cannabis Seeds Introduction and Market Overview
1.1 Objectives of the Study
1.2 Overview of U.S. Cannabis Seeds
1.3 Scope of The Study
1.3.1 Key Market Segments
1.3.2 Players Covered
1.3.3 COVID-19’s impact on the U.S. Cannabis Seeds industry
1.4 Methodology of The Study
1.5 Research Data Source
Chapter 2 Executive Summary
Chapter 3 Industry Chain Analysis
Chapter 4 Global U.S. Cannabis Seeds Market, by Type
Chapter 5 U.S. Cannabis Seeds Market, by Application
Chapter 6 Global U.S. Cannabis Seeds Market Analysis by Regions
Chapter 7 North America U.S. Cannabis Seeds Market Analysis by Countries
Chapter 8 Europe U.S. Cannabis Seeds Market Analysis by Countries
Chapter 9 Asia Pacific U.S. Cannabis Seeds Market Analysis by Countries
Chapter 10 Middle East and Africa U.S. Cannabis Seeds Market Analysis by Countries
Chapter 11 South America U.S. Cannabis Seeds Market Analysis by Countries
Chapter 12 Competitive Landscape
Chapter 13 Industry Outlook
Chapter 14 Global U.S. Cannabis Seeds Market Forecast
Chapter 15 New Project Feasibility Analysis
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