Cannabis Cultivation Market Size 2021-2031 | Drivers and Opportunities
The Cannabis Cultivation Market is expected to register a CAGR of 24.5% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The Cannabis Cultivation market report is segmented by cultivation type into the following subsegments: Indoor, Outdoor, and Greenhouse Cultivation. It further presents an analysis based on applications, including Medical, Recreational, and Industrial Hemp. The global analysis is broken down at the regional level and major countries. The market evaluation is presented in US$ for the above segmental analysis.
Purpose of the ReportThe report Cannabis Cultivation Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Cannabis Cultivation Market Segmentation
Product- Buds
- Oils
- Tinctures
- Medical
- Recreational
- Industrial Hemp
Strategic Insights
Cannabis Cultivation Market Growth Drivers- Rise of cannabis-infused products: The cannabis-infused products like edibles, beverages, and topicals have increased the market potential.
- Acceptance as a wellness product: Increasing acceptance of cannabis as a wellness product and inclusion in lifestyle trends have been positive for the market.
- Future growth and expansion: Once the stigma related to cannabis dissolves, several powerful growth drivers will push the expansion of the cannabis cultivation industry.
- Advanced cultivation technologies: Advanced technologies like artificial intelligence, machine learning, and automation will optimize the cultivation process, raise yield, and enhance product quality.
- Focus on sustainability and eco-friendly practices: Increased focus on sustainability will lead to the development of sustainable cultivation methods, organic farming, and hydroponics.
- Integration to various industries: Integration of cannabis in those industries which include pharma, cosmetics, and textiles will open endless scopes for growth.
- Increased cultivation opportunities: Legalization opens up the scope for further cultivations and exploitation of emerging markets.
- Innovations in medical properties-based cannabis strains: Innovations in cannabis strains with medical properties open up room for product differentiation and innovation.
- Cannabis integration into industries: Introducing cannabis into pharmaceuticals, cosmetics, food, and beverages opens new doors to develop new products and reach diverse markets.
- Acceptance as a wellness product: The acceptance of cannabis as a wellness product provides an opportunity for wellness-focused brands to explore the plant's potential benefits.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Cannabis Cultivation Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Cannabis Cultivation Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The leading players of the market are: Canopy Growth, Aphria, Aurora Cannabis, Tilray GW Pharmaceuticals Plc., 3Tikun Olam, Cannabis Sativa, Inc., Canntrust Vivo Cannabis Inc., The Cronos Group
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on request are additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
Technological progressions such as AI and automation will take the processes of cultivation to new heights in terms of quantity and efficiency. Sustainability will be a key focus, leading to eco-friendly practices that diminish adverse impacts on the environment. Product innovations-including new strains, formulations, and delivery forms-will diversify the market. As regulations mature, cross-industry collaborations and partnerships will arise and expand the potential applications of cannabis. Also, consumer education and awareness will fuel demand for high-quality branded products. These will help shape the future of the cannabis cultivation market, drive growth, and encourage innovation.
Protein Drugs Market is expected to grow at a CAGR of 24.5% between 2023-2031
Several significant drivers propel the cannabis cultivation market. And more or less, growing legalization for medical and recreational purposes widens the marketplace. Increasingly, scientific research finds that cannabis helps patients recover, making its medical products gain in popularity. Emergence of cannabis-infused foods and beverages, as well as other products like those applied topically, raises the variety of market products. This is also driven by the general changes in attitude and acceptance of cannabis consumption. All these factors together have been propelling the cannabis cultivation market forward. Several emerging trends characterize the future of cannabis cultivation.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Cannabis Cultivation Market - By Product
1.3.2 Cannabis Cultivation Market - By Applications
1.3.3 Cannabis Cultivation Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. CANNABIS CULTIVATION MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. CANNABIS CULTIVATION MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. CANNABIS CULTIVATION MARKET - GLOBAL MARKET ANALYSIS
6.1. CANNABIS CULTIVATION - GLOBAL MARKET OVERVIEW
6.2. CANNABIS CULTIVATION - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. CANNABIS CULTIVATION MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. BUDS
7.3.1. Overview
7.3.2. Buds Market Forecast and Analysis
7.4. OILS
7.4.1. Overview
7.4.2. Oils Market Forecast and Analysis
7.5. TINCTURES
7.5.1. Overview
7.5.2. Tinctures Market Forecast and Analysis
8. CANNABIS CULTIVATION MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATIONS
8.1. OVERVIEW
8.2. APPLICATIONS MARKET FORECASTS AND ANALYSIS
8.3. MEDICAL
8.3.1. Overview
8.3.2. Medical Market Forecast and Analysis
8.4. RECREATIONAL
8.4.1. Overview
8.4.2. Recreational Market Forecast and Analysis
8.4.3. Edibles Market
8.4.3.1. Overview
8.4.3.2. Edibles Market Forecast and Analysis
8.4.4. Topicals Market
8.4.4.1. Overview
8.4.4.2. Topicals Market Forecast and Analysis
8.5. INDUSTRIAL HEMP
8.5.1. Overview
8.5.2. Industrial Hemp Market Forecast and Analysis
9. CANNABIS CULTIVATION MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Cannabis Cultivation Market Overview
9.1.2 North America Cannabis Cultivation Market Forecasts and Analysis
9.1.3 North America Cannabis Cultivation Market Forecasts and Analysis - By Product
9.1.4 North America Cannabis Cultivation Market Forecasts and Analysis - By Applications
9.1.5 North America Cannabis Cultivation Market Forecasts and Analysis - By Countries
9.1.5.1 United States Cannabis Cultivation Market
9.1.5.1.1 United States Cannabis Cultivation Market by Product
9.1.5.1.2 United States Cannabis Cultivation Market by Applications
9.1.5.2 Canada Cannabis Cultivation Market
9.1.5.2.1 Canada Cannabis Cultivation Market by Product
9.1.5.2.2 Canada Cannabis Cultivation Market by Applications
9.1.5.3 Mexico Cannabis Cultivation Market
9.1.5.3.1 Mexico Cannabis Cultivation Market by Product
9.1.5.3.2 Mexico Cannabis Cultivation Market by Applications
9.2. EUROPE
9.2.1 Europe Cannabis Cultivation Market Overview
9.2.2 Europe Cannabis Cultivation Market Forecasts and Analysis
9.2.3 Europe Cannabis Cultivation Market Forecasts and Analysis - By Product
9.2.4 Europe Cannabis Cultivation Market Forecasts and Analysis - By Applications
9.2.5 Europe Cannabis Cultivation Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Cannabis Cultivation Market
9.2.5.1.1 Germany Cannabis Cultivation Market by Product
9.2.5.1.2 Germany Cannabis Cultivation Market by Applications
9.2.5.2 France Cannabis Cultivation Market
9.2.5.2.1 France Cannabis Cultivation Market by Product
9.2.5.2.2 France Cannabis Cultivation Market by Applications
9.2.5.3 Italy Cannabis Cultivation Market
9.2.5.3.1 Italy Cannabis Cultivation Market by Product
9.2.5.3.2 Italy Cannabis Cultivation Market by Applications
9.2.5.4 Spain Cannabis Cultivation Market
9.2.5.4.1 Spain Cannabis Cultivation Market by Product
9.2.5.4.2 Spain Cannabis Cultivation Market by Applications
9.2.5.5 United Kingdom Cannabis Cultivation Market
9.2.5.5.1 United Kingdom Cannabis Cultivation Market by Product
9.2.5.5.2 United Kingdom Cannabis Cultivation Market by Applications
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Cannabis Cultivation Market Overview
9.3.2 Asia-Pacific Cannabis Cultivation Market Forecasts and Analysis
9.3.3 Asia-Pacific Cannabis Cultivation Market Forecasts and Analysis - By Product
9.3.4 Asia-Pacific Cannabis Cultivation Market Forecasts and Analysis - By Applications
9.3.5 Asia-Pacific Cannabis Cultivation Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Cannabis Cultivation Market
9.3.5.1.1 Australia Cannabis Cultivation Market by Product
9.3.5.1.2 Australia Cannabis Cultivation Market by Applications
9.3.5.2 China Cannabis Cultivation Market
9.3.5.2.1 China Cannabis Cultivation Market by Product
9.3.5.2.2 China Cannabis Cultivation Market by Applications
9.3.5.3 India Cannabis Cultivation Market
9.3.5.3.1 India Cannabis Cultivation Market by Product
9.3.5.3.2 India Cannabis Cultivation Market by Applications
9.3.5.4 Japan Cannabis Cultivation Market
9.3.5.4.1 Japan Cannabis Cultivation Market by Product
9.3.5.4.2 Japan Cannabis Cultivation Market by Applications
9.3.5.5 South Korea Cannabis Cultivation Market
9.3.5.5.1 South Korea Cannabis Cultivation Market by Product
9.3.5.5.2 South Korea Cannabis Cultivation Market by Applications
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Cannabis Cultivation Market Overview
9.4.2 Middle East and Africa Cannabis Cultivation Market Forecasts and Analysis
9.4.3 Middle East and Africa Cannabis Cultivation Market Forecasts and Analysis - By Product
9.4.4 Middle East and Africa Cannabis Cultivation Market Forecasts and Analysis - By Applications
9.4.5 Middle East and Africa Cannabis Cultivation Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Cannabis Cultivation Market
9.4.5.1.1 South Africa Cannabis Cultivation Market by Product
9.4.5.1.2 South Africa Cannabis Cultivation Market by Applications
9.4.5.2 Saudi Arabia Cannabis Cultivation Market
9.4.5.2.1 Saudi Arabia Cannabis Cultivation Market by Product
9.4.5.2.2 Saudi Arabia Cannabis Cultivation Market by Applications
9.4.5.3 U.A.E Cannabis Cultivation Market
9.4.5.3.1 U.A.E Cannabis Cultivation Market by Product
9.4.5.3.2 U.A.E Cannabis Cultivation Market by Applications
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Cannabis Cultivation Market Overview
9.5.2 South and Central America Cannabis Cultivation Market Forecasts and Analysis
9.5.3 South and Central America Cannabis Cultivation Market Forecasts and Analysis - By Product
9.5.4 South and Central America Cannabis Cultivation Market Forecasts and Analysis - By Applications
9.5.5 South and Central America Cannabis Cultivation Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Cannabis Cultivation Market
9.5.5.1.1 Brazil Cannabis Cultivation Market by Product
9.5.5.1.2 Brazil Cannabis Cultivation Market by Applications
9.5.5.2 Argentina Cannabis Cultivation Market
9.5.5.2.1 Argentina Cannabis Cultivation Market by Product
9.5.5.2.2 Argentina Cannabis Cultivation Market by Applications
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. CANNABIS CULTIVATION MARKET, KEY COMPANY PROFILES
11.1. CANOPY GROWTH
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. APHRIA
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. AURORA CANNABIS
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. TILRAY
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. GW PHARMACEUTICALS PLC.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. TIKUN OLAM
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. CANNABIS SATIVA, INC.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. CANNTRUST
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. VIVO CANNABIS INC
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. THE CRONOS GROUP
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
- CANOPY GROWTH
- APHRIA
- AURORA CANNABIS
- TILRAY
- GW PHARMACEUTICALS PLC.
- TIKUN OLAM
- CANNABIS SATIVA, INC.
- CANNTRUST
- VIVO CANNABIS INC
- THE CRONOS GROUP
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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