The cannabis cultivation market size was USD 322.50 Billion in 2021 and is expected to register a revenue CAGR of 21.9% during the forecast period, according to the latest analysis by Emergen Research. Increasing legalization of cannabis in various parts of the globe and rising demand for hemp-infused edibles are key factors driving growth of the market. The market continues to see strong demand for beverages, candies, and chocolates made from hemp. Such edibles take one to two hours to start producing a euphoric "high," but the impact lasts longer than when smoke or vapor is inhaled. The downsides of edibles, such as unpredictable effects of marijuana after intake, are starting to be resolved because of advances in scientific research and commercial innovation.
The report discusses in detail the growth opportunities, challenges, market drivers and restraints, limitations, threats, and demands of the Cannabis Cultivation market. The study further assesses the regional market as well as the international market to garner an insight into the scope of the market. The report also offers estimations and predictions about the market segment and sub-segments exhibiting promising growth in the forecast timeline.
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The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.
The leading market contenders listed in the report are:
Tilray, Atlas Growers, Canopy Growth Corporation, Aurora Cannabis, Better Holdings, Jazz Pharmaceuticals, Lexaria Corp., Cronos Group Inc., Vivo Cannabis Inc. and OrganiGram Holdings
Research Report on the Cannabis Cultivation Market Addresses the Following Key Questions:
- Who are the dominant players of the Cannabis Cultivation market?
- Which regional market is anticipated to have a high growth rate over the projected period?
- What consumer trends and demands are expected to influence the operations of the market players in the Cannabis Cultivation market?
- What are the key growth drivers and restraining factors of the Cannabis Cultivation market?
- What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
- What is the overall impact of the COVID-19 pandemic on the Cannabis Cultivation market and its key segments?
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Emergen Research has segmented the global Cannabis Cultivation market on the basis of type, type of care, and region
Segments Covered in this report are:
-
Type Outlook (Revenue, USD Billion; 2019–2030)
- Cannabis Indica
- Cannabis Sativa
-
Application Outlook (Revenue, USD Billion; 2019–2030)
- Recreational
- Medical
- Industrial Hemp
-
Regional Outlook (Revenue, USD Billion; 2019–2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Turkey
- Rest of Middle East & Africa
- North America
In conclusion, the Cannabis Cultivation Market report is an exhaustive database that will help readers formulate lucrative strategies. The Cannabis Cultivation Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.
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