The global demand for Cannabis Market is presumed to reach the valuation of nearlyUSD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022-2028.
Cannabis is a medicinal, recreational and fiber plant belongs to the cannabaceae family. It is also known as marijuana and is one of the widely used drugs after tobacco and alcohol. It is available in the form of flowers, concentrates, capsules, topicals, edibles, and beverages.
The growing medicinal application of cannabis is driving market growth. The increasing legalization of cannabis in most of the region is again accelerating market growth. Increasing usage of cannabis for smoking by using small pipes, bongs, paper-wrapped joints, tobacco leaf-wrapped blunts or roach clips is further boosting the demand. However, complex regulatory structure for the usage of cannabis is likely to hamper the market growth. Whereas, new product development via research and novel product delivery solutions is expected to create potential opportunity over the forecast period.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of cannabis.
The entire cannabis market has been sub-categorized into usage and crop variety. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Crop Variety
- Cannabis Indica
- Cannabis Sativa
This section covers regional segmentation which accentuates on current and future demand for cannabis market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Cannabis Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the cannabis market include Aphria Inc., Aurora Cannabis Inc., CanniMed Therapeutics Inc., Canopy Growth Corp., Cara Therapeutics Inc., GW Pharmaceuticals PLC, Insys Therapeutics Inc., MedReLeaf Corp., Scotts Miracle-Gro Co. and Sprott Inc. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.