Cannabis Cultivation Market report contains detailed information on factors influencing demand, growth, opportunities, challenges, and restraints. It provides detailed information about the structure and prospects for global and regional industries. In addition, the report includes data on research & development, new product launches, product responses from the global and local markets by leading players. The structured analysis offers a graphical representation and a diagrammatic breakdown of the Cannabis Cultivation Market by region.
Global Cannabis Cultivation Market to reach USD 365.4 billion by 2027.Global Cannabis Cultivation Market is valued approximately at USD 141.62 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 14.5% over the forecast period 2021-2027.
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Cannabis plants have psychoactive properties, each part of the plant (seed, dried leaves and other parts) are useful and generally used for medicinal and recreational purposes. Growing trend of legalizing cultivation and processing of hemp in various countries is growing the application of cannabis in various products such as pharmaceuticals. Growing legalization and adoption of cannabis for the treatment of chronic disease, rising use of cannabis in pharmaceuticals, nutraceuticals, food and beverages and cosmetics and rising cultivation area for cannabis is growing the market of cannabis worldwide. For instance, in June 2021, governor of Connecticut (United States), signed a legislation for legalizing the adult-use of cannabis in Connecticut.
The law includes provisions such as, possession of cannabis among adults age 21 and over will be legal in Connecticut from July 1, 2021, from October 2021, patients participating in Connecticut’s medical marijuana program will be permitted to cultivate up to six cannabis plants and others. Furthermore, rising prevalence of chronic diseases such as cancer, diabetes and others are expected to fuel the demand for cannabis in pharmaceuticals market. For instance, according to American Cancer Society, the number of new cancer cases in United States was 1,762,450 which was expected to reach 1.8 million in 2020. However, demand and supply gap and legalizing medical cannabis for only selected indications may hamper the growth during forecast period.
Among Asia Pacific, North America, Europe, Latin America, and Rest of the World, Asia Pacific is the dominating region across the world in terms of revenue and is also expected to grow at a fastest pace during forecast period due to rising awareness about cannabis, growing patient pool for the marijuana treatment and its medical benefits coupled with suitable climatic condition in the region.
Major market player included in this report are:
Canopy Growth Corporation
Aphria, Inc.
Aurora Cannabis
Tilray
The Cronos Group
Organigram Holdings, Inc.
Better Holdings
Pacific Cannabis Growers
Atlas Growers
CannTrust Holdings
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Biomass:
Hemp
Marijuana
By Application:
Medical Consumption
Recreational Consumption
Industrial Consumption
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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List of Factors Covered in the Report are:
Major Strategic Developments: The report abides by quality and quantity. It covers the major strategic market developments, including R&D, M&A, agreements, new products launch, collaborations, partnerships, joint ventures, and geographical expansion, accompanied by a list of the prominent industry players thriving in the market on a national and international level.
Key Market Features:
Major subjects like revenue, capacity, price, rate, production rate, gross production, capacity utilization, consumption, cost, CAGR, import/export, supply/demand, market share, and gross margin are all assessed in the research and mentioned in the study. It also documents a thorough analysis of the most important market factors and their most recent developments, combined with the pertinent market segments and sub-segments.
List of Highlights & Approach
The report is made using a variety of efficient analytical methodologies that offers readers an in-depth research and evaluation on the leading market players and comprehensive insight on what place they are holding within the industry. Analytical techniques, such as Porter’s five forces analysis, feasibility studies, SWOT analyses, and ROI analyses, are put to use to examine the development of the major market players.
Some of the Key Questions Answered in this Report:
- What is the Market dimension at the regional and country-level?
- What are the key drivers, restraints, opportunities, and challenges of the Market, and how they are anticipated to influence the market?
- What is the international (North America, Europe, Asia-Pacific, South America, Middle East and Africa) income value, manufacturing value, consumption value, import and export of Market?
- Who are the world key producers of the Market Industry? How is their working state of affairs (capacity, production, sales, price, cost, gross, and revenue)?
- What are the Market possibilities and threats confronted via the carriers in the world Market Industry?
- Which application/end-user or product kind may also be seeking for incremental boom prospects? What is the market share of every kind and application?
- What targeted method and constraints are keeping the Market?
- What are the distinct sales, marketing, and distribution channels in the world industry?
- What are the upstream uncooked substances and manufacturing gear of Market alongside with the manufacturing technique of Market?
- What are the key market tendencies impacting the increase of the Market?
- Economic have an impact on the Market enterprise and improvement vogue of the Market industry.
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