The cannabis market is expected to reach US$ 147,457.4 million by2027 from US$ 14,383.8 million in 2019; it is estimated to grow at a CAGR of 29.1% from 2020 to 2027. Cannabis is commercially available in forms such as marijuana, […]
The cannabis market is expected to reach US$ 147,457.4 million by2027 from US$ 14,383.8 million in 2019; it is estimated to grow at a CAGR of 29.1% from 2020 to 2027.
Cannabis is commercially available in forms such as marijuana, hashish, and Hash oil. A few species of cannabis are used to produce hemp fibre for use in paper, textiles, and clothing. Cannabis has been in use for medical purposes for many years. Recent studies show that cannabis may be useful in treating conditions such as nausea and vomiting, particularly when associated with chemotherapy, glaucoma, epilepsy, and asthma. The growing legalization of medical cannabis; increasing medicinal application of cannabis; and rising awareness regarding medical cannabis through conferences, symposia, and workshops are the major factors propelling the demand for cannabis. However, the stringent regulatory framework for the use of cannabis market restrains the growth.
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The comprehensive list of Key Market Players along with their market overview, product protocol, key highlights, key financial issues, SWOT analysis, and business strategies:
- Aphria, Inc.
- Aurora Cannabis
- Cannabis Science, INC.
- Canopy Growth Corporation
- Medical Marijuana, Inc.
- VIVO Cannabis Inc.
- Tikun Olam
- Terra Tech Corp.
- The Cronos Group
The qualitative contents for geographical analysis will cover Cannabis market trends in each region and country which includes highlights of the key players operating in the respective region/country, PEST analysis of each region which includes political, economic, social and technological factors influencing the growth of the market.
As the industry analysts estimates and extracts the data which are affecting the growth of Cannabis market for the estimated forecast period. It also covers the growth aspects of the market. In addition, it also covers the demand and supply of the market research study in the estimated forecast period. Moreover, increased demand from the consumers is also likely to be included to estimate the growth of the market for the estimated forecast period. This section majorly focuses over several developments taking place in the region including substantial development and how are these developments affecting the market. Regional analysis provides a thorough knowledge about the opportunities in business, market status & forecast, possibility of generating revenue, regional market by different end users as well as types and future forecast of upcoming years.
The report, additionally has given data on the impact of COVID 19 on the market globally. The world is facing a global health crisis unlike any in the 75-year of history. It has affected all segments of the population and is particularly detrimental to members of those social groups in the most vulnerable situations. Thus, world economy is greatly pretentious by this pandemic disease. Report includes complete data on impact of COVID 19 on Cannabis market to help users take wide decisions.
This report contains:
Market sizing for the global Cannabis Market.
Comparison of different products involved in Cannabis market
Analysis of the effects deglobalisation trends may have for Cannabis Market
Profiles of major players involved in Cannabis market
7-year CAGR forecasts for Cannabis Market
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- Progressive industry trends in the global Cannabis Market to help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the Cannabis Market from 2020 to 2027
- Estimation of Cannabis demand across various industries
- PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict market growth
- Recent developments to understand the competitive market scenario and Cannabis demand
- Market trends and outlook coupled with factors driving and restraining the growth of the Cannabis Market
- Decision-making process by understanding strategies that underpin commercial interest with regard to Cannabis Market growth
- Cannabis market size at various nodes of market
- Detailed overview and segmentation of the global Cannabis Market, as well as its dynamics in the industry
- Cannabis Market size in various regions with promising growth opportunities
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