Global Cultivation and Processing of Cannabis Market Growth (Status and Outlook) 2024-2030

Global Cultivation and Processing of Cannabis Market Growth (Status and Outlook) 2024-2030

According to our LPI (LP Information) latest study, the global Cultivation and Processing of Cannabis market size was valued at US$ 204.5 million in 2023. With growing demand in downstream market, the Cultivation and Processing of Cannabis is forecast to a readjusted size of US$ 285.3 million by 2030 with a CAGR of 4.9% during review period.

The research report highlights the growth potential of the global Cultivation and Processing of Cannabis market. Cultivation and Processing of Cannabis are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Cultivation and Processing of Cannabis. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Cultivation and Processing of Cannabis market.

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.

Key Features:

The report on Cultivation and Processing of Cannabis market reflects various aspects and provide valuable insights into the industry.

Market Size and Growth: The research report provide an overview of the current size and growth of the Cultivation and Processing of Cannabis market. It may include historical data, market segmentation by Type (e.g., Non-commercial Social Cultivation and Processing, Commercial Cultivation and Processing), and regional breakdowns.

Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Cultivation and Processing of Cannabis market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.

Competitive Landscape: The research report provides analysis of the competitive landscape within the Cultivation and Processing of Cannabis market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.

Technological Developments: The research report can delve into the latest technological developments in the Cultivation and Processing of Cannabis industry. This include advancements in Cultivation and Processing of Cannabis technology, Cultivation and Processing of Cannabis new entrants, Cultivation and Processing of Cannabis new investment, and other innovations that are shaping the future of Cultivation and Processing of Cannabis.

Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Cultivation and Processing of Cannabis market. It includes factors influencing customer ' purchasing decisions, preferences for Cultivation and Processing of Cannabis product.

Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Cultivation and Processing of Cannabis market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Cultivation and Processing of Cannabis market. The report also evaluates the effectiveness of these policies in driving market growth.

Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Cultivation and Processing of Cannabis market.

Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Cultivation and Processing of Cannabis industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.

Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Cultivation and Processing of Cannabis market.

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.

Segmentation by type
Non-commercial Social Cultivation and Processing
Commercial Cultivation and Processing
Medical Cultivation and Processing

Segmentation by application
Pharmaceutical
Food Chemicals
Commercial
Industrial
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
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.

Please note: The report will take approximately 2 business days to prepare and deliver.