The Business Research Company’s report on the Cannabis Cultivation Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the key drivers behind the cannabis cultivation market’s growth in recent years?
Adoption of cannabis for the treatment of chronic diseases is expected to propel the growth of the cannabis cultivation market going forward. Chronic disease refers to a medical condition that lasts for a year or longer and necessitates continuing medical care and restricts daily activities. Adoption of cannabis for the treatment of chronic diseases helps cannabis cultivation by demonstrating safety, efficacy, and consistency sufficient for regulatory approval in spasticity in chronic diseases such as multiple sclerosis, and Dravet and Lennox-Gastaut Syndromes. For instance, in April 2022, according to the Octopus Ventures, a UK-based Venture capital fund, in comparison to Canada’s benchmark, where 1% of the population gains clinical benefit from medicinal cannabis, the UK’s prescription rate accounts for 0.005% of those who could benefit. Therefore, the adoption of cannabis for the treatment of chronic diseases is driving the cannabis cultivation market.
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How does the future projection of the cannabis cultivation market size compare to its historical growth?
The cannabis cultivation market size has grown rapidly in recent years. It will grow from $179.32 billion in 2024 to $208.64 billion in 2025 at a compound annual growth rate (CAGR) of 16.3%. The growth in the historic period can be attributed to legalization trends, medical use acceptance, consumer awareness, investment inflow.
The cannabis cultivation market size is expected to see rapid growth in the next few years. It will grow to $407.91 billion in 2029 at a compound annual growth rate (CAGR) of 18.2%. The growth in the forecast period can be attributed to research and development, sustainable practices, consumer education. Major trends in the forecast period include technological advancements, global expansion, brand development, product diversification, strain customization, consolidation and competition.
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Which key players are shaping the future of the cannabis cultivation market?
Major companies operating in the cannabis cultivation market include Pacific Cannabis Growers Inc., Atlas Growers Ltd., Canntrust Holdings Inc, The Hydropothecary Corporation, Better Holdings Inc., Canopy Growth Corporation, Aurora Cannabis Inc., Aphria Inc., Cronos Group Inc., Tilray Inc., GW Pharmaceuticals plc, Organigram Holdings Inc., Harvest Health & Recreation Inc., Green Thumb Industries Inc., Trulieve Cannabis Corp., Curaleaf Holdings Inc., Cresco Labs Inc., TerrAscend Corp., MedMen Enterprises Inc., Acreage Holdings Inc., Columbia Care Inc., Vireo Health International Inc., Liberty Health Sciences Inc., Harvest One Cannabis Inc., Emerald Health Therapeutics Inc., Aleafia Health Inc., The Green Organic Dutchman Holdings Ltd., Supreme Cannabis Company Inc., CannTrust Holdings Inc., Cannara Biotech Inc., Auxly Cannabis Group Inc., MediPharm Labs Corp., Neptune Wellness Solutions Inc., Zenabis Global Inc.
What trends will propel the growth and evolution of the cannabis cultivation market?
Product innovations are a key trend gaining popularity in the cannabis cultivation market. Major companies operating in the market are focused on developing innovative products to strengthen their position in the market. For instance, in January 2022, Prospiant, a US-based controlled environment agriculture (CEA) greenhouse solutions and cannabis cultivation and extraction technologies provider, launched Delta Ethanol Extraction CUP-5 to specifically meet the requirements of prototype labs, educational research centers, and small-scale cannabis processing facilities. During the process of cannabis cultivation, it can handle plant material in batches as small as 3.5 pounds and finish the extraction process in 2 to 12 minutes. It combines mechanical centrifugation with closed-loop cold alcohol extraction technology to produce a high-purity final product. Its innovative features also include the ability to operate without a C1D2 environment or a hazardous location (HazLoc) requirement.
Which regions are expected to become dominant players in the cannabis cultivation market?
Asia-Pacific was the largest region in the cannabis cultivation market in 2024.The regions covered in the cannabis cultivation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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What are the emerging key segments in the cannabis cultivation market, and how are they evolving?
The cannabis cultivation market covered in this report is segmented –
1) By Type: Cannabis Indica, Cannabis Sativa
2) By Source: Flower or Buds, Leaves, Other Sources
3) By Application Outlook : Medical Consumption, Recreational Consumption, Industrial Consumption
Subsegments:
1) By Cannabis Indica: Medicinal Strains, Recreational Strains, Hybrid Strains
2) By Cannabis Sativa: Medicinal Strains, Recreational Strains, Hybrid Strains
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How is the cannabis cultivation market defined, and what are its core characteristics?
Cannabis cultivation refers to the establishment of one or more cannabis plants or any part of them in any location, whether indoors or out, including inside a completely enclosed and secure building. It also includes harvesting, drying, processing, curing, grading, trimming, packaging, or storing the plants or any part of them.
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