1 / 4

Cannabis Cultivation Market Size Worth $358.8 Billion By 2027

The global cannabis cultivation market 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.

MarketInsights123
Download Presentation

Cannabis Cultivation Market Size Worth $358.8 Billion By 2027

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Cannabis Cultivation Market Size Worth $358.8 Billion By 2027 “The global cannabis cultivation market 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.” The global cannabis cultivation market 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. 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. Request Sample Copy of This Market Research @ https://www.millioninsights.com/industry-reports/global-cannabis-cultivation-market/request-sample

  2. Further key findings from the report suggest: • In 2019, the hemp segment held the dominant share across the global cannabis cultivation market. • The medical consumption application segment accounted for the highest CAGR across the global market from 2020 to 2027. • Asia Pacific accounted for the highest share of around 4% across the global market in 2019. • The key players operating in this market are Tilray, Aphria, Inc., Better Holdings, Atlas Growers, CannTrust Holdings, and Canopy Growth Corporation. Browse Full Research Report @ https://www.millioninsights.com/industry-reports/global-cannabis-cultivation-market Million Insights has segmented the global cannabis cultivation market on the basis of biomass, application, and region: Cannabis Cultivation Biomass Outlook (Revenue, USD Million, 2016 - 2027) • Hemp • Marijuana Cannabis Cultivation Application Outlook (Revenue, USD Million, 2016 - 2027) • Medical Consumption • Recreational Consumption • Industrial Consumption

  3. Cannabis Cultivation Regional Outlook (Revenue, USD Million, 2016 - 2027) • North America • The U.S. • Canada • Europe • The U.K. • Germany • Italy • France • Spain • Netherlands • Croatia • Switzerland • Czech Republic • Asia Pacific • Australia • China • Japan • South Korea • India • New Zealand • Thailand • Latin America • Uruguay • Chile • Colombia • Mexico • Middle East & Africa • Israel • South Africa

  4. See More Reports of this Category by Million Insights @ https://www.millioninsights.com/industry/pharmaceuticals Get in touch At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions. Contact Person: Ryan Manuel Research Support Specialist, USA Email: ryan@millioninsights.com Global Headquarters Million Insights Felton Office Plaza 6265 Highway 9 Felton, California 95018, United States Phone: 1-408-610-2300 Email: sales@millioninsights.com Asia Pacific Million Insights Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar, Pune, MH, 411016 India Phone: 91-20-65300184

More Related