Global Cannabis Cultivation Market Report 2027 is anticipated to value USD 358.8 billion until 2027. It is also expected to register a CAGR of 14.3% over the forecasted years, 2020 to 2027. The rising adoption of cannabis for the diagnosis and treatment of chronic diseases and improving legalization across various countries is projected to propel the market growth.
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Market Synopsis of Cannabis Cultivation Market:
The hemp segment held the dominant share of 94.5% across the global market in 2019 due to the rising adoption of hemp-derived products owing to the low content of THCs. Also, legalization for the cultivation of marijuana across many countries is expected to boost market growth.
In 2019, the segment of industrial consumption dominated the global market with a 93.8% share on account of increasing usage of hemp and marijuana across food & beverages, personal care, nutraceuticals, and pharmaceutical industries. The medical consumption segment is expected to account for the highest CAGR across the global market in the upcoming years owing to surging usage of marijuana for treatment against cancers, mental disorders, and chronic pain.
The Asia Pacific accounted for the highest share of around 4% across the global market in 2019 due to the rising pool of patients and increasing awareness about the medical benefits of cannabis. The Middle East and Africa are also estimated to register substantial growth in the upcoming years on account of the implementation of regulations and laws associated with cannabis cultivation across this region.
The market for cannabis cultivation across the globe includes key players such as Tilray, Aphria, Inc., Better Holdings, Atlas Growers, CannTrust Holdings, and Canopy Growth Corporation. Rapid technological developments for the cultivation of cannabis and its derived products are being undertaken by these players to gain a cutting edge over other players.
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Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Cannabis Cultivation: Market Variables, Trends & Scope
Chapter 4 Cannabis Cultivation: Product Estimates & Trend Analysis
Chapter 5 Cannabis Cultivation: Application Estimates & Trend Analysis
Chapter 6 Cannabis Cultivation: End-use Estimates & Trend Analysis
Chapter 7 Cannabis Cultivation: Industrial End-use Estimates & Trend Analysis
Chapter 8 Cannabis Cultivation: Regional Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 Cannabis Cultivation: Manufacturers Company Profiles
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