Cannabis is a medicinal, recreational and fiber plant consisting of a psychoactive element-tetrahydrocannabinol (THC). This has originated from Central Asia and now cultivated worldwide through outdoor and also indoor by hydroponic technology. The most common uses of cannabis include severe or long-term pain, nausea and vomiting due to chemotherapy (cancer treatments), and painful muscle spasms as a medical drug. These are also used to produce hemp fiber for use in paper, textiles and clothing.
MARKET DYNAMICS
The cannabis cultivation market is expected to grow during the forecast period due to rising prevalence of cannabis cultivation, legalization of cannabis for medical & recreational purposes across the globe and increasing demand for marijuana-based products among patients has created numerous opportunities for new as well as existing players in the market. The tax associated with this is important for driving revenue in the consumer market and improvement of the legal cannabis market. The rapid advancement of genetic development and intellectual property of cannabis has also been the main key driver for the growth of the cannabis cultivation market.
MARKET SCOPE
The "Global Cannabis Cultivation Market Analysis to 2028" is a specialized and in-depth study of the pharmaceutical industry with a special focus on the global market trend analysis. The report aims to provide an overview of enteral feeding formulas market with detailed market segmentation by type and application. The global cannabis cultivation market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading enteral feeding formulas market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global cannabis cultivation market is segmented on the basis of type and applications. On the basis of product, the market is classified as buds, oils and tinctures. On the basis of applications, the market is classified as medical, recreational and industrial hemp.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global cannabis cultivation market based on various segments. It also provides market size and forecast estimates from year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The cannabis cultivation market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting cannabis cultivation market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the cannabis cultivation market in these regions.
MARKET PLAYERS
The reports cover key developments in the cannabis cultivation market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from cannabis cultivation market are anticipated to lucrative growth opportunities in the future with the rising demand for cannabis cultivation in the global market. Below mentioned is the list of few companies engaged in the cannabis cultivation market.
The report also includes the profiles of key cannabis cultivation market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Canopy Growth
- Aphria
- Aurora Cannabis
- Tilray
- GW Pharmaceuticals Plc.
- Tikun Olam
- Cannabis Sativa, Inc.
- Canntrust
- Vivo Cannabis Inc.
- The Cronos Group
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.