Cannabis Cultivation Market Size
The cannabis cultivation market size was valued at $41.45 billion in 2023 and is projected to reach $114.77 billion by 2029, growing at a CAGR of 18.5% from 2023 to 2029.
Cannabis Cultivation Market Overview
Cannabis cultivation is the agricultural practice of growing and nurturing the cannabis plant, primarily known for its psychoactive and medicinal properties. The cultivation process involves carefully tending to the various stages of the cannabis plant's life cycle, from germination and vegetative growth to flowering and harvest. Cannabis plants require specific environmental conditions, including temperature, humidity, and light cycles, to thrive. Cultivators employ techniques such as indoor or outdoor growing, hydroponics, and soil cultivation to optimize the plant's development. Selecting suitable strains, managing nutrient levels, and monitoring pests and diseases are integral aspects of cannabis cultivation. Depending on the intended use, whether for recreational or medicinal purposes, cultivators may emphasize different traits in the plants, such as high cannabinoid content or specific terpene profiles. As cannabis cultivation regulations vary globally and locally, adherence to legal frameworks is crucial for those involved in this industry.
Market Dynamics:
Growth Drivers
- Rising legalization of cannabis for medical and recreational uses.
- Investments in the cannabis growing sector.
Constraints
- Absence of industry standards.
- Presence of stringent laws and security issues.
Market Segmentation:
The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:
Based on biomass, the market is bifurcated into agricultural waste, energy crops, and wood.
By cultivation type, the market is fragmented into greenhouse cultivation, indoor, and outdoor.
Depending on the application, the market is segregated into recreational consumption, medical consumption, and industrial consumption.
List of the Key Players Profiled in the Report Includes:
- Aurora Cannabis
- Organigram Holding, Inc.
- Tilray
- Aphria, Inc.
- The Cronos Group
- Canopy Growth Corporation
- Pacific Cannabis Growers
- Atlas Growers
- Better Holdings
- The Hydropothecary Corp.
- CannTrust Holdings
Market by, Geography:
The cannabis cultivation market report also analyzes the major geographic regions and countries of the market. The regions and countries covered in the study include:
- North America (The United States, Canada, Mexico), Market Estimates, Forecast & Opportunity Analysis
- Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Market Estimates, Forecast & Opportunity Analysis
- Asia Pacific (China, Japan, India, South Korea, Australia, New Zealand, Rest of Asia Pacific), Market Estimates, Forecast & Opportunity Analysis
- South America (Brazil, Argentina, Chile, Rest of South America), Market Estimates, Forecast & Opportunity Analysis
- Middle East & Africa (UAE, Saudi Arabia, Qatar, Iran, South Africa, Rest of Middle East & Africa), Market Estimates, Forecast & Opportunity Analysis.
The report “Global Cannabis Cultivation Market: Industry Analysis, Opportunities and Forecast up to 2029” by Diligence Insights provides a detailed analysis of the present market and future outlook with market estimates and forecasts for all specified segments, encompassing both global and regional perspectives as outlined within the research framework. The study includes historical market data for the years 2021, 2022 and offers revenue estimations for 2023, and project forecasts spanning from 2024 to 2029. It places significant emphasis on the examination of market trends, key industry participants, supply chain developments, technological advancements, pivotal milestones, and prospective strategies. Comprehensive market assessments are carried out across major geographic regions, including North America, Europe, Asia Pacific, South America, and Middle East & Africa. As such, this report constitutes a valuable resource for current industry stakeholders, newcomers to the field, and potential investors.
The study offers an in-depth market analysis, drawing insights from industry experts across the value chain. A special focus has been made on 25 countries, including the United States, Canada, Mexico, the United Kingdom, Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, and South Africa, among others. The market data has been meticulously collected through extensive primary interviews and comprehensive secondary research. Market size determination is rooted in the revenue generated from sales across all the specified segments and sub-segments as defined within the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.
What Can be Explored with this Research Report:
- Understand the key trends that will drive the market and the challenges it faces in the current market scenario.
- Identify growth opportunities.
- Porter’s five force analysis.
- In-depth analysis of market segments, and regions/countries predicted to observe promising growth.
- Historical and forecast size of the market in terms of revenue (USD Million).
- Company profiling with key products and solution offerings, key financial information, SWOT analysis, and business strategies adopted.
Table Of Content
1 Market Introduction
1.1 Market Definition
1.2 Research Scope and Segmentation
1.3 Stakeholders
1.4 List of Abbreviations
2 Executive Summary
3 Research Methodology
3.1 Identification of Data
3.2 Evaluation of Market Dynamics
3.3 Collaboration of Data
3.4 Verification and Analysis
3.5 Research Approach
3.6 Data Sources and Assumptions
4 Market Dynamics
4.1 Market Drivers
4.2 Market Restraints
4.3 Market Opportunities
4.4 Market Challenges
4.5 Impact of COVID-19 on the Cannabis Cultivation Market
5 Porter's Five Force Analysis
5.1 Bargaining Power of Suppliers
5.2 Bargaining Power of Buyers
5.3 Threat of New Entrants
5.4 Threat of Substitutes
5.5 Competitive Rivalry in the Market
6 Global Cannabis Cultivation Market by, Biomass
6.1 Overview
6.2 Agricultural Waste
6.3 Energy Crops
6.4 Wood
7 Global Cannabis Cultivation Market by, Cultivation Type
7.1 Overview
7.2 Greenhouse Cultivation
7.3 Indoor
7.4 Outdoor
8 Global Cannabis Cultivation Market by, Application
8.1 Overview
8.2 Recreational Consumption
8.3 Medical Consumption
8.4 Industrial Consumption
9 Global Cannabis Cultivation Market by, Geography
9.1 Overview
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 France
9.3.3 UK
9.3.4 Italy
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 China
9.4.2 Japan
9.4.3 India
9.4.4 South Korea
9.4.5 Australia
9.4.6 New Zealand
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Brazil
9.5.2 Argentina
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 UAE
9.6.2 Saudi Arabia
9.6.3 Qatar
9.6.4 Iran
9.6.5 South Africa
9.6.6 Rest of Middle East & Africa
10 Key Developments
11 Company Profiling
11.1 Aurora Cannabis
11.1.1 Business Overview
11.1.2 Product/Service Offering
11.1.3 Financial Overview
11.1.4 SWOT Analysis
11.1.5 Key Activities
11.2 Organigram Holding, Inc.
11.3 Tilray
11.4 Aphria, Inc.
11.5 The Cronos Group
11.6 Canopy Growth Corporation
11.7 Pacific Cannabis Growers
11.8 Atlas Growers
11.9 Better Holdings
11.10 The Hydropothecary Corp.
11.11 CannTrust Holdings
Report Details
SKU Code | : DI1958 |
Industry | : Agriculture |
Region | : Global |
Tables | : 72 |
Format | : Electronic PDF |
Published | : 2023 |
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