Cannabis Cultivation Market - Global Industry Analysis, Size, Trends, Growth, Trends, and Forecast 2018 - 2028
Global Cannabis Cultivation Market: Overview
Since Uruguay became the first country to legalize Marijuana in 2013, many others like Canada have followed suit. Still others who haven’t yet legalized it, like Netherlands and Portugal, are moving to a much relaxed framework. Denmark for instance, has allowed limited sales of low-strength cannabis through cafes and in Poland, people can now buy it for medical purpose through few pharmacies. All this along with a growing demand for the product across age groups for either medical or recreational purposes is leading to a stellar CAGR (Compound Annual Growth Rate) for the global cannabis cultivation market over the forecast period of 2018 to 2028.
There is also a growing celebrity endorsement, like that by Laganja Estranja that is boosting demand for cannabis further. Even influencers like Rachel Brathen, who have a 2.1 mn follower base, are not behind in promoting CBD oil and related products on social media, generating demand among followers.
Global Cannabis Cultivation Market: Notable Development
The market is fragmented and with an increase in new players joining in the landscape, it expected to be more fragmented.
Prominent players in the global Cannabis Cultivation Market are:
Global Cannabis Cultivation Market: Key trends and driver
The growth in global cannabis cultivation market is fuelled by a number of trends and drivers. Some of the key ones are elaborated below.
Global Cannabis Cultivation Market: Regional Analysis
North America is set to demonstrate remarkable growth in the Global Cannabis Cultivation market owing to the presence of two of the largest legalized markets (Canada and United States of America). Another factor contributing here is presence of major businesses such as Canopy Growth Corporation. The Ontario-based business tripled cultivation in 2018 and is set to increase it to 5 mn sq. ft. by beginning of 2020.
Global Cannabis Cultivation Market is segmented based on:
The study presents reliable qualitative and quantitative insights into:
The regional analysis covers:
The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.
Highlights of the report:
Note: Immense care has been taken to present data with the highest levels of accuracy in all TMRResearch reports. Nevertheless, recent developments related to market/vendor landscape may take time to reflect in the analysis.
Flat 10% discount on Single User License if you prebook this report
Flat 10% discount on Multiple User License if you prebook this report
Flat 10% discount on Corporate License if you prebook this report