The Global Cannabis Market is projected to reach USD 48.29 billion in 2027. The market is being predominantly driven by the growing usage of cannabis for many medicinal and recreational usage and increasing legalization in many countries with proliferating portfolio of end-use products. Rising proven studies suggests supporting the medicinal properties to treat many medical conditions including chronic pain, glaucoma, and poor appetite, nausea, migraines, seizures, and anxiety, among many others have been helping grow its usage amongst the end-users.
Additionally, the organizations have a rapidly growing
international footprint through a chain of in-country sales and distribution
capabilities and supply and licensing contracts in five continents, including
countries such as Germany, Italy, Brazil, and Australia. Both companies are
actively involved in initiatives to develop their international activities
further.
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Further
key findings from the report suggest
Based on Compound, THC dominates the industry share
attributed to the fact that these compound contains the psychoactive substance
in marijuana products and is responsible for the head high feeling. Even though
high THC content is better known for its mind-altering euphoria, it has
significant medical benefits and is considered useful in relieving nausea,
appetite loss, and insomnia.
Geographically, North America, especially the United States
and Canada, dominates the market. The recent legalization of marijuana taken
place in the North America segment for medical purposes has been a significant
driver of marijuana market growth. Other major sections include Europe
(Germany, Italy, France, the Netherlands, and Spain), Asia Pacific, Latin
America, and the Middle East and Africa.
Improving lungs capacity, fighting cancer, helping in weight
reduction, treating as an antidepressant, and alleviating anxiety, among others
are some of the benefits that can be incubated from cannabis, and have been
crucial supporting factors for the market growth.
Key
players in the market include Canopy Growth Corporation,
Aurora Cannabis Inc., Tikun Olam, Cannabis Science Inc., Aphria Inc., Maricann
Group Inc., Tilray Inc., VIVO Cannabis Inc., Medical Marijuana, Inc.,
STENOCARE, Cronos Group Inc., Terra Tech Corp., and MedMen, among others.
Product
Type Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)
Flower
Concentrates
Others
Compound
Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)
Tetrahydrocannabinol
Cannabidiol (CBD)
Balanced THC & CBD
Application
Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)
Medical
Pain Management
Neurological Health Management
Mental Health Management
Others
Recreational
Others
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Table
of Content
Chapter 1. Methodology & Sources
1.1. Market
Definition
1.2. Research
Scope
1.3. Methodology
1.4. Research
Sources
1.4.1.
Primary
1.4.2.
Secondary
1.4.3. Paid
Sources
1.5. Market
Estimation Technique
Chapter 2. Executive Summary
2.1. Summary
Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Cannabis Market Segmentation & Impact
Analysis
4.1. Cannabis
Market Material Segmentation Analysis
4.2. Industrial
Outlook
4.2.1.
Market indicators analysis
4.2.2.
Market drivers analysis
4.2.2.1. Growing demand for growing medicinal application
4.2.2.2. Rising legalization of cannabis
4.2.2.3. Technological advancement in product invention
4.2.3.
Market restraints analysis
4.2.3.1. The complex regulatory framework for the usage of cannabis
4.3. Technological
Insights
4.4. Regulatory
Framework
4.5. Porter’s Five
Forces Analysis
4.6. Competitive
Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19
Impact Analysis
Continued…
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