Global Cultivation and Processing of Cannabis Market 2024 by Company, Regions, Type and Application, Forecast to 2030

Global Cultivation and Processing of Cannabis Market 2024 by Company, Regions, Type and Application, Forecast to 2030

According to our (Global Info Research) latest study, the global Cultivation and Processing of Cannabis market size was valued at USD 215.1 million in 2023 and is forecast to a readjusted size of USD 292.6 million by 2030 with a CAGR of 4.5% during review period.

Cannabis belongs to the genus Cannabis in the family Cannabaceae and may include three species, Cannabis sativa, Cannabis indica, and Cannabis ruderalis, (APG II system) or one variable species. It is typically a dioecious (each individual is either male or female) annual plant. Cannabis cultivation primarily for the production and consumption of its infructescence ("buds" or "flowers"). Cultivation techniques for other purposes (such as hemp production) differ.

The global market for cultivation and processing of cannabis refers to the market associated with the production, cultivation, and processing of cannabis plants for various purposes, including medicinal, recreational, and industrial uses. The cannabis industry has experienced significant growth and legalization in many countries and states around the world. The market can be segmented into various components, including cultivation, harvesting, extraction, and product manufacturing. According to a report by Grand View Research, the global legal marijuana market size was valued at USD 17.5 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 18.1% from 2021 to 2028. The market growth can be attributed to the increasing acceptance and legalization of cannabis for medical and recreational purposes in several countries, along with the growing demand for cannabis-derived products. The North American region, particularly the United States and Canada, has been at the forefront of the cannabis industry. Canada legalized recreational cannabis in 2018, while several U.S. states have also legalized marijuana for medical and/or recreational use. Other regions, such as Europe, Australia, and Latin America, are also witnessing the growth of legal cannabis markets. Key players in the global cannabis market include Canopy Growth Corporation, Aurora Cannabis Inc., Aphria Inc., GW Pharmaceuticals PLC, and Cronos Group Inc., among others. These companies are involved in cultivation, processing, and manufacturing cannabis products, including oils, tinctures, edibles, and concentrates. They are expanding their production capabilities, investing in research and development, and exploring new markets to capitalize on the growing demand for cannabis products.

The Global Info Research report includes an overview of the development of the Cultivation and Processing of Cannabis industry chain, the market status of Pharmaceutical (Non-commercial Social Cultivation and Processing, Commercial Cultivation and Processing), Food Chemicals (Non-commercial Social Cultivation and Processing, Commercial Cultivation and Processing), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Cultivation and Processing of Cannabis.

Regionally, the report analyzes the Cultivation and Processing of Cannabis markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Cultivation and Processing of Cannabis market, with robust domestic demand, supportive policies, and a strong manufacturing base.

Key Features:

The report presents comprehensive understanding of the Cultivation and Processing of Cannabis market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Cultivation and Processing of Cannabis industry.

The report involves analyzing the market at a macro level:

Market Sizing and Segmentation: Report collect data on the overall market size, including the revenue generated, and market share of different by Type (e.g., Non-commercial Social Cultivation and Processing, Commercial Cultivation and Processing).

Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Cultivation and Processing of Cannabis market.

Regional Analysis: The report involves examining the Cultivation and Processing of Cannabis market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.

Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Cultivation and Processing of Cannabis market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.

The report also involves a more granular approach to Cultivation and Processing of Cannabis:

Company Analysis: Report covers individual Cultivation and Processing of Cannabis players, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.

Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Cultivation and Processing of Cannabis This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Pharmaceutical, Food Chemicals).

Technology Analysis: Report covers specific technologies relevant to Cultivation and Processing of Cannabis. It assesses the current state, advancements, and potential future developments in Cultivation and Processing of Cannabis areas.

Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Cultivation and Processing of Cannabis market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.

Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.

Market Segmentation

Cultivation and Processing of Cannabis market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.

Market segment by Type
Non-commercial Social Cultivation and Processing
Commercial Cultivation and Processing
Medical Cultivation and Processing

Market segment by Application
Pharmaceutical
Food Chemicals
Commercial
Industrial
Others

Market segment by players, this report covers
Canopy Growth Corporation
Aphria
Aurora Cannabis
Wayland Group
Trella Technologies
Tilray
GW Pharmaceuticals
JAMES E.WAGNER
Cronos Group
Green Thumb Industries (GTI)
Cresco Labs
Organigram
NorCal Cannabis Company
Camfil
Cannabis Sativa, Inc.
Tikun Olam
Maricann, Inc.
Aurora Cannabis
Aphria, Inc.

Market segment by regions, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia and Rest of Asia-Pacific)
South America (Brazil, Argentina and Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)

The content of the study subjects, includes a total of 13 chapters:

Chapter 1, to describe Cultivation and Processing of Cannabis product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top players of Cultivation and Processing of Cannabis, with revenue, gross margin and global market share of Cultivation and Processing of Cannabis from 2019 to 2024.

Chapter 3, the Cultivation and Processing of Cannabis competitive situation, revenue and global market share of top players are analyzed emphatically by landscape contrast.

Chapter 4 and 5, to segment the market size by Type and application, with consumption value and growth rate by Type, application, from 2019 to 2030.

Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2019 to 2024.and Cultivation and Processing of Cannabis market forecast, by regions, type and application, with consumption value, from 2025 to 2030.

Chapter 11, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.

Chapter 12, the key raw materials and key suppliers, and industry chain of Cultivation and Processing of Cannabis.

Chapter 13, to describe Cultivation and Processing of Cannabis research findings and conclusion.