Global Cannabis Cultivation Market Report and Forecast 2024-2032

Global Cannabis Cultivation Market Report and Forecast 2024-2032

Global Cannabis Cultivation Market Outlook

The global cannabis cultivation market size was valued at USD 40.7 billion in 2023, driven by a wave of legalization across various regions, both for medical and recreational purposes across the globe. The market size is anticipated to grow at a CAGR of 29.2% during the forecast period of 2024-2032 to achieve a value of USD 407.1 billion by 2032.

Cannabis Cultivation: Introduction

Cannabis cultivation refers to the practice of growing and harvesting the cannabis plant, which has been used for medicinal, recreational, and industrial purposes for thousands of years. In the modern context, the rise in the legalization of medical and recreational cannabis across various countries and states has propelled the growth of the cannabis cultivation market.

Key Trends in the Global Cannabis Cultivation Market

The global cannabis cultivation market is undergoing significant transformation, influenced by regulatory shifts, technological advancements, and changing consumer preferences. One of the most evident trends is the escalating wave of legalization, with many countries and states green-lighting cannabis for medicinal and, in some cases, recreational use. This has paved the way for a surge in licensed cultivation facilities and a push for quality standardization. Technological integration has become a game-changer; innovative cultivation methods like hydroponics, aeroponics, and precision agriculture are now mainstream, ensuring higher yields and consistent quality. There's also a pronounced move towards sustainability, with the industry grappling with its carbon footprint by adopting eco-friendly practices, LED lighting, and organic farming. Another striking trend is the diversification of cannabis products; aside from the traditional flowers, there's burgeoning demand for edibles, concentrates, tinctures, and topicals.

As research deepens, the industry is showing keen interest in lesser-known cannabinoids such as CBG and CBN, believed to offer unique health benefits. Finally, with market maturation, branding is becoming paramount. Branding and premiumization are on the rise, with companies striving to carve a niche through unique strains, quality assurance, and compelling narratives. In sum, the global cannabis cultivation landscape is dynamic, marked by technological strides, product innovation, and a continuous journey towards standardization and sustainability.

Global Cannabis Cultivation Market Segmentation

Market Breakup by Type
  • Flowers
  • Concentrates
  • Edibles
  • Topicals
  • Tinctures
Market Breakup by Compound
  • THC-Dominant
  • CBD-Dominant
  • Balanced THC and CBD
Market Breakup by Applications
  • Market Overview
  • Medical
  • Recreational
Market Breakup by End User
  • Healthcare Providers
  • Healthcare Payers
Market Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Global Cannabis Cultivation Market Overview

The global cannabis cultivation market has emerged as one of the most dynamic and rapidly expanding sectors in recent years. Primarily driven by a wave of legalization across various regions, both for medical and recreational purposes, the industry has witnessed an unprecedented surge in demand and investment. Technological innovations have revolutionized cultivation practices, with methods like hydroponics, aeroponics, and precision agriculture offering greater yields and product consistency. This growth is further buoyed by the diversification of cannabis products, ranging from traditional buds to edibles, oils, and topicals, catering to a broader consumer base.

Moreover, research into the therapeutic properties of not just THC and CBD, but also lesser-known cannabinoids, has intensified, hinting at a future where cannabis could play a pivotal role in healthcare. However, the market is not without challenges. Regulatory hurdles, sustainability concerns, and market saturation in certain regions have added layers of complexity. Nevertheless, with the potential for new markets opening up and continued research affirming the plant's benefits, the global cannabis cultivation market stands on the cusp of a promising future.

Global Cannabis Cultivation Market: Competitor Landscape

The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
  • Canopy Growth Corporation
  • Aurora Cannabis Inc.
  • Medmen Enterprise Inc.
  • Tilary Inc.
  • Unrivaled Brand Inc.
  • VIVO Cannabis Inc.
  • The Cronos Group
  • Medical Marijuana Inc.
  • Stenocare
  • Trulieve
We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.

*Please Note:* The report will take 7 business days to complete, after order confirmation.

1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage – Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Cannabis Cultivation Market Overview
3.1 Global Cannabis Cultivation Market Historical Value (2017-2023)
3.2 Global Cannabis Cultivation Market Forecast Value (2024-2032)
4 Global Cannabis Cultivation Market Landscape
4.1 Cannabis Cultivation: Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Cannabis Cultivation: Product Landscape
4.2.1 Analysis by Type
4.2.2 Analysis by Applications
5 Global Cannabis Cultivation Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Cannabis Cultivation Market Segmentation
6.1 Global Cannabis Cultivation Market by Type
6.1.1 Market Overview
6.1.2 Flowers
6.1.3 Concentrates
6.1.4 Edibles
6.1.5 Topicals
6.1.6 Tinctures
6.2 Global Cannabis Cultivation Market by Compound
6.2.1 Market Overview
6.2.2 THC-Dominant
6.2.3 CBD-Dominant
6.2.4 Balanced THC and CBD
6.3 Global Cannabis Cultivation Market by Applications
6.3.1 Market Overview
6.3.2 Medical
6.3.3 Recreational
6.4 Global Cannabis Cultivation Market by End User
6.4.1 Market Overview
6.4.2 Healthcare Providers
6.4.3 Healthcare Payers
6.5 Global Cannabis Cultivation Market by Region
6.5.1 Market Overview
6.5.2 North America
6.5.3 Europe
6.5.4 Asia Pacific
6.5.5 Latin America
6.5.6 Middle East and Africa
7 North America Global Cannabis Cultivation Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Global Cannabis Cultivation Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Cannabis Cultivation Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.6 Australia
9.7 Others
10 Latin America Cannabis Cultivation Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Cannabis Cultivation Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Regulatory Framework
12.1 Regulatory Overview
12.1.1 US FDA
12.1.2 EU EMA
12.1.5 Others
13 Supplier Landscape
13.1 Canopy Growth Corporation
13.1.1 Financial Analysis
13.1.2 Product Portfolio
13.1.3 Demographic Reach and Achievements
13.1.4 Mergers and Acquisitions
13.1.5 Certifications
13.2 Aurora Cannabis Inc.
13.2.1 Financial Analysis
13.2.2 Product Portfolio
13.2.3 Demographic Reach and Achievements
13.2.4 Mergers and Acquisitions
13.2.5 Certifications
13.3 Medmen Enterprise Inc.
13.3.1 Financial Analysis
13.3.2 Product Portfolio
13.3.3 Demographic Reach and Achievements
13.3.4 Mergers and Acquisitions
13.3.5 Certifications
13.4 Tilary Inc.
13.4.1 Financial Analysis
13.4.2 Product Portfolio
13.4.3 Demographic Reach and Achievements
13.4.4 Mergers and Acquisitions
13.4.5 Certifications
13.5 Unrivaled Brand Inc.
13.5.1 Financial Analysis
13.5.2 Product Portfolio
13.5.3 Demographic Reach and Achievements
13.5.4 Mergers and Acquisitions
13.5.5 Certifications
13.6 VIVO Cannabis Inc.
13.6.1 Financial Analysis
13.6.2 Product Portfolio
13.6.3 Demographic Reach and Achievements
13.6.4 Mergers and Acquisitions
13.6.5 Certifications
13.7 The Cronos Group
13.7.1 Financial Analysis
13.7.2 Product Portfolio
13.7.3 Demographic Reach and Achievements
13.7.4 Mergers and Acquisitions
13.7.5 Certifications
13.8 Medical Marijuana Inc.
13.8.1 Financial Analysis
13.8.2 Product Portfolio
13.8.3 Demographic Reach and Achievements
13.8.4 Mergers and Acquisitions
13.8.5 Certifications
13.9 Stenocare
13.9.1 Financial Analysis
13.9.2 Product Portfolio
13.9.3 Demographic Reach and Achievements
13.9.4 Mergers and Acquisitions
13.9.5 Certifications
13.10 Trulieve
13.10.1 Financial Analysis
13.10.2 Product Portfolio
13.10.3 Demographic Reach and Achievements
13.10.4 Mergers and Acquisitions
14 Key Opinion Leaders (KOL) Insights (Additional Insight)
15 Company Competitiveness Analysis (Additional Insight)
15.1 Very Small Companies
15.2 Small Companies
15.3 Mid-Sized Companies
15.4 Large Companies
15.5 Very Large Companies
16 Payment Methods (Additional Insight)
16.1 Government Funded
16.2 Private Insurance
16.3 Out-of-Pocket
*Additional insights provided are customisable as per client requirements.

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