Product Code: CMI4346
The cannabis cultivation market size is expected to reach US$ 136 Bn by 2030, from US$ 42.9 Bn in 2023, at a CAGR of 17.9% during the forecast period.
Report Coverage |
Report Details |
Base Year: |
2022 |
Market Size in 2023: |
US$ 42.9 Bn |
Historical Data for: |
2018 to 2021 |
Forecast Period: |
2023 - 2030 |
Forecast Period 2023 to 2030 CAGR: |
17.90% |
2030 Value Projection: |
US$ 136 Bn |
Figure 1. Global Cannabis Cultivation Market Share (%), by Region, 2023
The global cannabis cultivation market is witnesssed significant growth in recent years. Cannabis refers to marijuana plants that are grown for their psychotropic and medicinal properties. Cannabis contains over 100 cannabinoids, including tetrahydrocannabinol (THC) and cannabidiol (CBD). THC is the primary psychoactive constituent and produces the "high" feeling, while CBD does not cause any psychoactive effects but provides various medical benefits. With the legalization of cannabis for both medical and recreational use in various countries, the demand for cannabis cultivation has increased tremendously. Cannabis farmers are scaling up their operations and adopting advanced greenhouse technologies and farming practices to meet the rising market demand.
Market Dynamics:
The global cannabis cultivation market is primarily driven by the growing legalization of cannabis across countries and its increasing adoption for both medical and recreational purposes. The rising awareness about various medical benefits of cannabis, such as relief from chronic pain, inflammation, insomnia, epilepsy, and neurological diseases, is fueling market growth. Cannabis extracts containing THC and CBD are being explored for their effectiveness in cancer treatment and alleviating chemotherapy side effects. Various state governments are removing restrictions and allowing licensed cultivators to scale up production capacity to meet domestic demand and export opportunities. However, regulatory barriers and high initial investment required for large-scale, mechanized cannabis farms pose challenges to the market. Outdoor farming is also restricted in some regions due to climatic conditions. Market players must adopt advanced farming technologies to improve yield and quality as price competition intensifies in maturing cannabis markets.
Key features of the study:
- This report provides in-depth analysis of the global cannabis cultivation market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023-2030), considering 2022 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global cannabis cultivation market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Pacific Cannabis Growers, Inc., Atlas Global Brands, Canntrust Holdings, Inc., The Hydropothecary Corporation, Better Holdings, Canopy Growth Corporation, Aphria, Inc., Aurora Cannabis, Tilray, Organigram Holdings Inc., The Cronos Group, Maricann Group, Inc., ABcann Medicinals, Inc. and GW Pharmaceuticals plc.
- These companies are involved in the research, development, manufacturing, and distribution of controlled substances
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global cannabis cultivation market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global cannabis cultivation market
Cannabis Cultivation Market Detailed Segmentation:
- By Product Type:
- Marijuana
- Hemp
- CBD Oil
- Others (Gummies, Beverages, Topicals)
- By Method of Cultivation:
- Indoor
- Greenhouse
- Outdoor (Canopy Growth,OrganiGram)
- By Medical Application:
- Pain Management
- Mental Disorders
- Neurological Disorders
- Others (Epilepsy, Cancer, Alzheimer's disease)
- By End Use:
- Medical
- Recreational
- Others
- By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Top companies in Global Cannabis Cultivation Market
- Pacific Cannabis Growers, Inc.
- Atlas Global Brands
- Canntrust Holdings, Inc.
- The Hydropothecary Corporation
- Better Holdings
- Canopy Growth Corporation
- Aphria, Inc.
- Aurora Cannabis
- Tilray
- Organigram Holdings Inc.
- The Cronos Group
- Maricann Group, Inc.
- ABcann Medicinals, Inc.
- GW Pharmaceuticals plc.
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Cannabis Cultivation, By Product Type
- Market Cannabis Cultivation, By Method of Cultivation
- Market Cannabis Cultivation, By Medical Application
- Market Cannabis Cultivation, By End Use
- Market Cannabis Cultivation, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Legalization of medical cannabis
- Restraints
- Stringent Regulations
- Opportunities
- Emerging new medical applications
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product launch/Approvals
- PEST Analysis
- PORTER's Analysis
- Merger and Acquisition Scenario
4. Cannabis Cultivation Market - Impact of Coronavirus (COVID-19) Pandemic
- COVID-19 Epidemiology
- Supply Side and Demand Side Analysis
- Economic Impact
5. Cannabis Cultivation Market , By Product Type, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2019 - 2030
- Segment Trends
- Marijuana
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Hemp
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- CBD Oil
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Others (Gummies, Beverages, Topicals)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
6. Cannabis Cultivation Market , By Method of Cultivation, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2019 - 2030
- Segment Trends
- Indoor
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Greenhouse
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Outdoor (Canopy Growth,OrganiGram)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
7. Cannabis Cultivation Market , By Medical Application, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2019- 2030
- Segment Trends
- Pain Management
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Mental Disorders
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Neurological Disorders
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Others (Epilepsy, Cancer, Alzheimer's disease)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
8. Cannabis Cultivation Market , By End Use, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2019- 2030
- Segment Trends
- Medical
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Recreational
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
9. Cannabis Cultivation Market , By Region, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, By Country, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, For Country 2019-2030
- Country Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Method of Cultivation, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Medical Application, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End Use, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030,(US$ Bn)
- U.S.
- Canada
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Method of Cultivation, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Medical Application, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End Use, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030,(US$ Bn)
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Method of Cultivation, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Medical Application, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End Use, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030,(US$ Bn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Method of Cultivation, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Medical Application, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End Use, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030,(US$ Bn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Middle East
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Method of Cultivation, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Medical Application, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End Use, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030,(US$ Bn)
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Method of Cultivation, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Medical Application, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End Use, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country/Region , 2018-2030,(US$ Bn)
- South Africa
- North Africa
- Central Africa
10. Competitive Landscape
- Pacific Cannabis Growers, Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Atlas Global Brands
- Canntrust Holdings, Inc.
- The Hydropothecary Corporation
- Better Holdings
- Canopy Growth Corporation
- Aphria, Inc.
- Aurora Cannabis
- Tilray
- Organigram Holdings Inc.
- The Cronos Group
- Maricann Group, Inc.
- ABcann Medicinals, Inc
- GW Pharmaceuticals plc.
- Analyst Views
11. Section
- Research Methodology
- About us